Bellevue, WA — 7/28/2003 Fidesic Corporation, the leading provider of financial
process automation for mid-size businesses, today announced Fidesic
Payments, a new addition to the company's product suite, which also
includes Fidesic Payables and Fidesic Receivables.
Fidesic Payments transforms the labor-intensive, paper-laden,
traditional payment process into an efficient, automated operation.
Fidesic Payments integrates with Windows-based accounting systems to
quickly, easily and affordably automate the processes of creating,
authorizing and sending payments -- both paper and electronic -- to
vendors, employees and others. Using Fidesic, businesses no longer have
to print, fold, stuff and mail payments.
"Promoting operational efficiency through a paperless environment is a
strategic focus for our company," said Chris Jardine, chief financial
officer at ChemPoint, an e-distributor of chemical products and
services. "As soon as we started using Fidesic Payments, we reduced our
costs by twenty-five percent."
Fidesic Payment's "Anytime, Anywhere" Payment Authorization
accelerates the payment approval process and eliminates the requirement
that
senior-level staff be in the office to approve payments manually.
Fidesic Payments emails notification to payment authorizers;
authorizers can then approve payments and simply click to sign checks
from any location using a Web browser. Authorizers also have anytime
access to full payment history.
Fidesic Payments "just-in-time" payment technology is a powerful cash
management tool, allowing companies to maximize cash flow and maintain
favorable credit ratings. Fidesic Payments also allows companies to
provide better service by keeping payees fully informed during the
payment process. Payees are notified via email as soon as a payment is
scheduled, as well as when the payment is transacted, resulting in
reduced phone calls to a company's accounts payables department. Payees
also have 24/7 Web access to a company-branded "account center" where
they can monitor payment status, details and history.
Keeping customer information secure and private is Fidesic's highest
priority. Fidesic is certified by TRUSTe, whose mission is to build
internet users' trust and confidence by promoting the use of fair
information practices. All data is encrypted as it passes between
customers' browsers and Fidesic servers, and sensitive information is
encrypted when stored in Fidesic databases. Fidesic also provides
financial controls not available in the manual payment process. For
example, banks are provided with a detailed list of check information
to make sure fraudulent checks are not honored.
"Fidesic Payments offers mid-size companies a reliable and trusted
solution for automating the entire payment process, allowing businesses
to save time and money, and operate more efficiently," said Jon Matsuo,
Fidesic chief executive officer.
Fidesic Payments is available now. To purchase, or for more
information, contact Fidesic Sales at sales@fidesic.com, or call
866-572-9669.
About Fidesic Corporation
Fidesic, headquartered in Bellevue, WA, is the leading provider of
payables, expense reporting, receivables and payment financial process automation for the
mid-market. Fidesic seamlessly integrates with financial systems to
automate all aspects of the day-to-day payables, receivables and
payment processes, including invoice receipt and generation, approval,
and paper, credit card and electronic payment. Fidesic's real-time
solution, which involves all appropriate parties to the process,
enhances and streamlines the employee and customer/vendor experience.
Using Fidesic, businesses reduce costs, improve customer service and
vendor relations, increase working capital, gain greater financial
visibility, make better financial decisions, and focus their employees.
Fidesic was designated a "Best of the Web" service in the leading
financial industry publication, Online Banking Report.
For more information on the company and its products and services, call
866-572-9669 or visit the Web site at www.fidesic.com.