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British American Tobacco Co-Ordination Centre Brussels Selects GETPAID for Centralized Management of Credit Operation

Posted on: Tuesday, 6 September 2005, 09:00 CDT

The GETPAID(R) Corporation British American Tobacco CC Brussels to Integrate Multiple Business Entities into a Common Platform for Expedited Processing, Lower Operating Costs and Improved Customer Service

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 British American Tobacco Co-ordination Centre Belgium for streamlined processing and improved customer service.

"Our processes were predominantly manual causing us to seek a solution for improved management of data and resources," explains Jean-Marie Jacobs, treasurer for British American Tobacco Co-ordination Centre Belgium. "As a result of integrating GETPAID with our existing ERP solutions, we can manage our customer information and data flow more efficiently, giving us increased visibility and the ability to deliver greater value to our customers."

"We evaluated several different options and found that GETPAID offers the most technologically and functionally advanced solution for managing the credit and finance operation," adds JM Jacobs. The GETPAID solution will be integrated with SAP to support the British American Tobacco CC credit operation covering Belgium, France, Spain, Switzerland and the Netherlands. GETPAID will be used to drive standardization of credit collections across seven different business entities.

Key Benefits to British American Tobacco Co-ordination Centre Belgium :

-- Ability to drive standardization across the entire credit operation.

-- Increased visibility to portfolio with reporting, performance tracking, online effectiveness monitoring & cash forecasting.

-- Faster customer response time with centralized access to data, streamlined processing and systematic treatment of accounts receivable.

-- Formalize the collection processes.

"As corporations extend their global reach and seek cost advantages, corporate finance and treasury departments are centralizing operations. A key component is the availability of solutions such as GETPAID to support this deployment model," explains Dianna Piumelli, CEO of The GETPAID Corporation. "By centralizing credit and collections, British American Tobacco Co-ordination Centre Belgium can leverage resources to improve operating efficiencies while standardizing policies and procedures across the enterprise. GETPAID is well suited for financial shared service centers, with the ability to configure each business unit separately, while leveraging a single instance of GETPAID."

About British American Tobacco

British American Tobacco is the world's second largest quoted tobacco group. With more than 300 brands in their portfolio, they make the cigarette chosen by one in seven of the world's one billion adult smokers. British American Tobacco holds robust market positions in each of their regions and have leadership in more than 50 of the 180 markets in which they do business. The Group has 81 cigarette factories in 64 countries, producing some 853 billion cigarettes in 2004. The Group also has 9 Other Tobacco Products (OTPs) factories in 7 countries, which manufacture cigars, roll-your-own and pipe tobacco. Their companies, including associated companies, employ more than 90,000 people worldwide.

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.

All trademarks, registered trademarks and service marks mentioned in this document are the property of their respective holders.

Source: Business Wire

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