Payformance Teams with SunGard to Provide a Solution for Corporate Payments

Jacksonville, FL, October 7, 2005 - Payformance Corporation announced today that it has signed an agreement with SunGard to provide an Accounts Payable solution to customers of SunGard’s AvantGard solution for treasury and cash management.

Combining PaySpan with AvantGard ETX provides an alternative to in-house payment production, helping customers to realize increased efficiencies and cost reductions through the transition to electronic payments. Using the ASP-based AvantGard service, customers can access the secure, online capabilities of PaySpan for Accounts Payables, to upload files, track jobs, manage delivery options and generate reports on all activities.

"SunGard is always looking for ways to add further value to our customers," said Kenneth Dummitt, president of SunGard’s AvantGard business unit. "Through this relationship with Payformance, we will provide our customers with new tools to help them improve their AP payment processes, and help them gain more time to focus on their core competencies."

While giving payers a system to manage payments, PaySpan provides capabilities to payees as well, helping lead to faster adoption of electronic payments. During an online enrollment process, payees can select from a library of formats for receipt of electronic remittance information. Eliminating the guesswork historically plaguing electronic payments, payees know with each payment what they are being paid for and can pull remittance details directly into Accounts Receivable systems for reconciliation.

"We are pleased to work with SunGard to provide new payment options to its customers," stated Dwayne L. McAfee, President and CEO of Payformance Corporation. "We believe that PaySpan will be welcomed by customers of AvantGard, and confident the solution will help lead to significant improvements to current payment methods."

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