I-many Integrates Collections Solution with Enterprise Contract Management Suite to Minimize Past Due Accounts
EDISON, N.J.--June 27, 2003--I-many, Inc. , the leader in enterprise contract management solutions, announced today the availability of its next generation collections solution, I-many Collections Manager(TM). The solution integrates I-many enterprise contract management solution suite functionality to provide collectors with a comprehensive package to proactively manage account activity, facilitate dispute resolution and improve cash flow.
Using I-many's Collection Manager, collectors will be able to identify the root causes of collections issues and quickly resolve disputes because they can access the terms and conditions of the contracts governing transactions. I-many Collections Manager includes robust reporting capabilities to pinpoint relevant business process breakdowns that often cause accounts to become delinquent.
"In conjunction with our enterprise contract management functionality, I-many Collections Manager can dramatically reduce the number of accounts with collections issues because it provides key contract information that helps collectors identify and resolve disputes," said Mark Smith, General Manager and Vice President at I-many. "In many cases, a collections dispute is directly related to a contract and this new bridge between collections and contract management can often accelerate the resolution of past due accounts. This results in improved cash flow, reduced days sales outstanding (DSO) and improved customer relationships."
New Features of Collections Manager:
| -- | Supports customer hierarchy to view global financial rollup and exposure |
| -- | Enhanced security model with role-based access |
| -- | Related invoice consolidation to simplify dispute and promise-to-pay processing |
| -- | Superior user interface for improved usability |
| -- | Single instance capability to support multiple business units |
| -- | Enhanced multi-language and multi-currency support |
About I-many Collections Manager(TM)
I-many Collections Manager provides the industry's leading web-based collection and dispute resolution software for global organizations looking to effectively increase cash collection capabilities and reduce days sales outstanding (DSO), bad debt and delinquent accounts receivable. Collections Manager improves the efficiency of the collection organization, measures the performance of each collector, and frees up collectors' time normally spent on routine administration.
About I-many ContractSphere(TM)
I-many ContractSphere provides the industry's leading enterprise contract management (ECM) solution for organizations looking to effectively make, manage, and maximize all types of business contracts. I-many ContractSphere includes both buy side and sell side capabilities, and enables enterprises to effectively manage all phases of the contract lifecycle.
About I-many
I-many is the leading provider of enterprise contract management solutions. The company's solutions automate contracting processes, ensure contract compliance and track contract performance resulting in higher contract revenues and reduced operating costs. More than 250 life science, consumer goods, food service and manufacturing companies use I-many solutions. For more information, visit the company at http://www.imany.com.
This press release may contain forward-looking statements relating to the future performance of I-many, Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from expectations. These risks and uncertainties include the customary uncertainty associated with large software implementation projects and other risks described in I-many's filings with the Securities and Exchange Commission.
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