SYSPRO Introduces Second Generation Collection Solution for Manufacturers and Distributors

CHICAGO –National Manufacturing Week – March 9, 2005 -- SYSPRO, a leading producer of enterprise software for manufacturers and distributors, has announced numerous enhancements to its Collection solution for small-to-midrange manufacturers and distributors that are experiencing difficulties in collecting past due accounts.

According to SYSPRO USA President Joey Benadretti, “Many businesses do not have a collection department. They rely on the accounts receivable clerk who is already busy getting invoices out and keeping up with customer payments to also act as the collector. This is where the SYSPRO Collection Module can play a very important role in helping manufacturers and distributors collect past due funds that can often mean the difference between profits and losses.”

The SYSPRO Collection Module automates debt collection. It identifies overdue invoices, assigns (or reassigns) the invoices to designated collectors, monitors debt collection efforts and retains account collection history, tracking the number of times the account goes into the collection phase and number of days to pay. The software offers several levels of security to maintain the confidentiality of customer records.

The Collection Module has a screen for capturing Dun & Bradstreet (D&B) credit information and automatically creates monthly ageing reports for submission to D&B on each specific account for which D&B checks had been obtained. In addition to saving time, this capability appends the customer profile with information vital to sales feasibility.

The Collection Module is highly customizable, enabling a manufacturer or distributor to determine those levels at which automated collection efforts are to commence, such as minimum overdue balances, minimum number of days overdue and others. A key system feature is the ability to assign overdue invoices to collectors based on the customer, customer class, geographic area or branch.

Several codes can be assigned to give managers quick insight into collection efforts. These codes provide ready indication of collection difficulty and the final status of the collection effort. A variety of reports can also be generated to provide management insight into the status of collections.

The Collection Module offers summary screens for all assigned accounts, enabling collectors to review the daily workload and assign priorities. Drill-down and sort views provide additional details of each contact with the customer.

New features added to the newest generation of the SYSPRO Collection Module include: an array of new buttons that further automate processes and customization capabilities; new emailing facilities from within the module; additional search facilities; new finance charge options; and the ability to view a summary of all current collection activities

About SYSPRO
SYSPRO, a Microsoft Gold Certified Partner, is a world leader in providing manufacturing, distribution and financial accounting software solutions with thousands of installations in more than 60 countries.

SYSPRO software meets the comprehensive information technology needs of emerging companies with a totally integrated solution that encompasses: ERP, APS, CRM, Business Intelligence and E-Commerce. The software enables companies in a variety of industries to maximize the planning and management of business processes to better position themselves in their respective markets, ensure customer fulfillment, and ultimately, to improve bottom-line results.

The core of SYSPRO 6.0 is SYSPRO e.net solutions, a component-based architecture built on Microsoft’s .NET architecture and XML standard. SYSPRO e.net solutions provides a highly cost-effective way for SYSPRO customers to integrate best-of-breed applications, maximize business-to-business trading and leverage wireless connectivity.

SYSPRO is one of the world’s most honored software companies. Milestones include: 2004 Software Company of the Year (Software Council of S. California); 2004 Supply Chain Innovator Award; 2004 Microsoft ISV of the Year (SA); Top ranking in the 2004 K2 Enterprises Accounting Software Survey in Small to Medium Enterprise Software category for the third year in a row; and Selection as one of the Top 100 Logistics Companies in 2004 by Inbound Logistics Magazine.

SYSPRO software is marketed worldwide through offices in the U.S., Canada, Africa, Australia and the U.K.
For more information please see www.syspro.com or email at: info@us.syspro.com . For additional information, please contact Stan Goodrich at 714/437-1000, x248, or email: stanley.goodrich@us.syspro.com

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