DEDHAM, Mass., June 9, 2005 – eCredit, a leading provider of online solutions for credit and collections professionals, today announced the introduction of eCredit Transportation, which combines market-leading automation capabilities with access to industry-specific data and analytics. Building on eCredit’s years of experience and expertise helping companies in specific verticals meet their credit and collections challenges, eCredit Transportation will provide organizations in the transportation and logistics industry with flexible business process software, accurate and timely data, and sophisticated analytics they need to successfully manage risk, drive revenue, and lower DSO and bad debt.
In order to further strengthen its transportation industry solution, eCredit has acquired The CreditExchange (TCE) of Scottsdale, Arizona. The premier supplier of industry-specific credit reporting services for the trucking, truck leasing and fuel, and air cargo industries, The CreditExchange has an extensive database reporting on over 35 million trade experiences on over 7 million unique companies. This acquisition will combine the expertise and extend the reach of each company, providing a complete software and data solution to the entire transportation industry.
“Over the past several years, eCredit and TCE have partnered to deliver credit and collections solutions to joint customers such as Ryder System, XTRA Lease, Continental Airlines, FFE Transportation and Comdata,” said Jeff Dickerson, eCredit President and CEO. “TCE has established a market-leading position in the Trucking, Truck Leasing and Fuel, and Air Cargo industries and brings over 650 satisfied blue-chip customers to the eCredit family. We are very excited about the addition of TCE’s powerful data to our product family and the ability to provide a comprehensive credit risk management solution to the transportation vertical.”
“I have always felt that TCE has immense opportunities to grow and add even more value to our customers in the transportation industry,” said John Weiss, CEO of The CreditExchange. “eCredit Transportation will allow TCE to achieve this. In today’s fiercely competitive business with its historically lean profit margins, transportation companies cannot afford to extend credit to customers without the experience of eCredit and TCE.”
In addition to eCredit Transportation, eCredit leverages industry-leading software, years of experience, and an extensive partner network to enable businesses in a wide variety of sectors, including Energy, Equipment Leasing, Manufacturing and others, to more effectively manage credit and collections operations.
eCredit is the leading provider of online solutions for credit and collections professionals. Its award-winning on-demand software family – Personal Edition, Professional Edition, and Enterprise Edition – supports the mission critical processes of granting credit, monitoring portfolio risk, resolving disputes and collecting accounts receivables. Within the Transportation industry, eCredit’s solutions also include credit reports with over 35 million trade experiences on over 7 million unique companies. With deep roots in the credit and collections community, eCredit has over a decade of experience helping companies reduce bad debt and DSO while improving productivity, lowering costs and demonstrating results. eCredit is a private company headquartered in Dedham, Massachusetts. Major clients include American Airlines, Chevron, Cisco, Continental Airlines, Con-Way Transportation Services, Samsung Electronics, Cargill, NEC Financial, Graybar, CDW, Sun Microsystems, and Ryder System. For more information, please visit www.ecredit.com.