Tenneco Automotive Europe Selects GETPAID for Pan European Deployment of Global Order-to-Cash Solution

PARSIPPANY, N.J.--May 2, 2005--

Tenneco Automotive Europe to Integrate 12 European Business Entities into a Common Platform for Streamlined Management of Global Credit Operation

The GETPAID(R) Corporation, the leading provider of software and services for working capital optimization, today announced the selection of GETPAID 7i web-based order-to-cash solution by Tenneco Automotive Europe for deployment to nine European countries.

"In Europe we have a decentralized credit operation," explains Paul Vandermaesen, Finance Director for Tenneco Automotive's European Aftermarket division. "With GETPAID we can consolidate data from four different systems, twelve legal entities, and nine different countries, providing us with a common platform for improved visibility and stronger management of our global credit operation. We selected GETPAID to increase productivity, proactively address past due receivables, and reduce bad debt expense."

The web-based GETPAID solution will be integrated with SAP and in-house AS/400 systems supporting the credit organization at Tenneco Automotive Europe with users in nine countries including Belgium, France, Spain, Sweden, Poland, Turkey, South Africa, Germany, and the United Kingdom.

"Our US counterpart has been using GETPAID for over eight years," adds Vandermaesen. "They recommended the GETPAID solution for its proven ability to manage complex, high volume credit operations. In the US they have reported significant improvements in productivity."

Key Benefits to Tenneco Automotive Europe:

-- Increased visibility of account portfolios and key performance indicators across multiple business entities with performance tracking, online collections effectiveness, risk assessment, and cash forecasting.

-- Improved management of cash flow and bad debt expense with proactive treatment of accounts receivable and disputed invoices.

-- Increased productivity with automated workflow engine to manage work queues, set priorities, schedule follow-up actions, and automatically route disputed invoices.

-- Streamlined operations with a single, centralized deployment to multiple locations. GETPAID provides open APIs for ERP and A/R system integration offering the ability to consolidate data from multiple divisions and systems.

-- Ease of deployment, scalability and the ability to manage high transaction volumes with zero-client, J2EE compliant solution, platform independence, and high availability.

"We are pleased to welcome the European division of Tenneco Automotive to our global user community," comments Dianna Piumelli, CEO for The GETPAID Corporation. "The GETPAID Global Services Organization is well versed in managing large deployments in multiple countries and languages. Further, Tenneco Automotive will benefit from joining a user community that consists of over 18,500 users in more than 35 countries."

About Tenneco Automotive

Tenneco Automotive is a $4.2 billion manufacturing company with headquarters in Lake Forest, Illinois and approximately 18,400 employees worldwide. Tenneco Automotive is one of the world's largest designers, manufacturers and marketers of emission control and ride control products and systems for the automotive original equipment market and the aftermarket. Tenneco Automotive markets its products principally under the Monroe(R), Walker(R), Gillet(R), and Clevite(R)Elastomer brand names. Among its products are Sensa-Trac(R) and Monroe Reflex(R) shocks and struts, Rancho(R) shock absorbers, Walker(R) Quiet-Flow(R) mufflers, Dynomax(R) performance exhaust products, and Clevite(R)Elastomer noise, vibration, and harshness control components.

About The GETPAID Corporation

The GETPAID Corporation provides software and services for working capital optimization. GETPAID helps companies increase cash flow, prevent revenue leakage, meet regulatory compliance, and boost operating margins by delivering the only end-to-end solution to manage the Order-to-Cash cycle. The GETPAID solution suite embeds policy, automates processes and drives workflow for streamlined credit risk management, collections, dispute processing, online customer self-service, and cash application, with detailed forecasting and analysis.

GETPAID is backed by over fifteen years of research and development as well as a comprehensive services and support organization, and a customer network of market leaders across every primary industry. The GETPAID Global Services Organization (GSO) is comprised of credit and finance experts who bring with them the shared experiences and best practices of over 700 implementations in over 35 countries. The GSO delivers process consulting, implementation, training, and on-going support services to the more than 18,500 global users in a wide array of companies, industries and environments.

GETPAID is based in New Jersey, USA, with offices worldwide. For more information, contact GETPAID at 1-973-463-1500 or visit www.getpaid.com.

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