e2b Software Releases e2b Collect to Help Businesses Reduce Outstanding Accounts Receivable by Automating Credit and Collections Activities

New Software Improves Cash Flow and Cash Forecasting in Good or Bad Economic Conditions

Painsville, OH, June 5, 2009 – E2B Software today announced E2B Collect ( now Anytime Collect), a suite of business applications designed to help companies effectively manage their outstanding accounts receivable collections processes. Complimentary modules include Intercompany Collections, E2B Docs (now Anytime Docs) for document management, Email Automation, and Customer Portals leveraging Microsoft SharePoint technologies.

“Accounts Receivable is one of the two largest assets for most businesses. Companies work hard to sell their products and services but often have inadequate systems to collect on outstanding invoices,” said Bill Henslee, President of E2B Software. “Our research shows that the longer you wait to collect – the less likely you are to get paid. In fact, a recent study conducted by Paystream Advisors suggests that companies who implement similar systems realize a return on investment in less than 6-9 months and typically see a 10-20% reduction in days sales outstanding, a 25% reduction in past due accounts receivable, and a 15-25% reduction in bad debt.[1]

E2B Collect integrates with popular accounting programs such as Sage Peachtree, Sage MAS 90, Sage MAS 500 , Sage Accpac, and other enterprise resources planning (ERP) business systems.  Developed in Microsoft .NET , E2B Collect features a familiar Microsoft Outlook user interface and supports current editions of Microsoft’s SQL Server database. It is available for single-users or for larger credit and collections teams.

“Receivables and Collections Management (RCM) products such as E2B Collect are increasingly important in tough economic times as businesses strive to improve cash flow and cash forecasting,” said Henslee. “We developed E2B Collect to provide accounting departments with timely invoice, payment, and account information in one place so they can quickly, effectively, and securely document conversations, send invoices via email, manage disputes, comply with financial requirements such as Sarbanes-Oxley (SOX), and streamline the entire credit and collections process.”

E2B Collect was officially launched at the Sage Software Insights partner conference in Nashville, TN May 11-14, 2009. Call 440.352.4700 for more details or visit www.e2bsoft.com to download recorded demos and product brochures.

About E2B Software      

E2B software is a division on E2B Teknologies, an Ohio-based publisher of enterprise-class business management and supply chain applications.  Products are sold through authorized resellers throughout North America. The Company is a gold-certified developer of Sage Software business applications, a Weatherhead 100 company, and Lake-Geauga FastTrack 50 award-winner.

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[1] Receivables & Collections Management: A Buyer’s Guide to B2B Collections Automation Solutions by Paystream Advisors.