| [December 09, 2004] |
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Paymetric Continues Momentum with 100th SAP Customer
HOUSTON --(Business Wire)-- Dec. 9, 2004 -- Paymetric Inc. announced today that it has surpassed the 100-customer mark for its SAP-integrated payment card solutions while retaining 100% of its customers. The 100th customer is The Washington Post.
"The Washington Post was looking for a credit card processing solution to augment the SAP IS-Media software that provides the foundation for our advertising and billing system. Our goal was to provide customers with a flexible and convenient means to pay for advertising, while leveraging proven technologies to support timely and efficient capture of associated revenue," stated Michael Clurman, VP of operations for The Washington Post. "Our decision to partner with Paymetric was based on its SAP knowledge and its hands-on experience with other IS-Media customers."
The XiPay solution from Paymetric integrates credit card acceptance with native SAP workflows and infrastructure, streamlining sales and customer service. Businesses prefer to buy from firms that help them conduct business efficiently and accurately. Paymetric solutions help elevate suppliers to preferred status by arming them with the latest payment methods and Level III transactional data demanded by major buyers. And SAP Certified Integration means that information flows as a common thread throughout customer service, order management, and accounting processes, delivering unprecedented efficiency and financial visibility.
Paymetric also offers solutions that leverage native SAP infrastructure to streamline procurement processes and efficiently manage expenses. Consolidating all spend transactions into a shared SAP environment provides actionable insight into purchase activity, so it is easy to analyze procurement spend patterns, control expenses, and leverage supplier relationships. A shortened purchase-to-pay cycle means suppliers benefit from faster payments, more efficient accounts receivable, and stronger cash flow, while buyers retain monthly float on payments to card issuers. These combined benefits create a win-win situation for buyers and their suppliers.
"Paymetric solutions help transform our customers' payment processing into an enabling part of their business strategy. By integrating payment card workflows with their native SAP sales, procurement, and accounting operations, our customers are able to reduce their cost structure, mitigate financial risk, improve cash flow, and expand revenue opportunities," commented Steve Putney, president and CEO of Paymetric. "But the factor that has created such powerful customer loyalty is absolute commitment to our customers' success. We know that each customer contract marks the point at which we have only begun to earn their business."
About Paymetric Inc.
Paymetric is the market leader in Enterprise Payment solutions with specific focus on SAP payment processing. With recognized payment processing expertise, superior product functionality, and exceptional customer service, Paymetric solutions reduce cost, improve cash flow, and mitigate risk. Paymetric is an award-winning SAP partner and certified SAP developer. SAP has accredited the XiPay solution from Paymetric with SAP Certified Integration. Headquartered in Houston, Texas, Paymetric was founded in 1998 to provide enterprise payment solutions that help organizations empower their payment chain with fully integrated and information-rich payment processing solutions.
To learn more about Paymetric:
-- Visit the Web site, www.paymetric.com
-- Email info@paymetric.com
-- Or contact them directly at 713-682-0929
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