XRT CREATES NEW CENTRE OF EXPERTISE DEDICATED TO RECEIVABLES MANAGEMENT SOLUTIONS

XRT Collect: The powerful software solution that optimizes receivables management

Paris La Défense, February 24, 2006 – Following its acquisition of receivables management software vendor Coveris, leading treasury solutions supplier XRT announces the launch of a new centre of expertise: XRT COLLECT. With a team of 10 experienced staff members, the new division will be dedicated to developing and marketing the XRT Collect solution.

Alain Leonhard, founder and director of Coveris and creator of its receivables management software is appointed head of the XRT COLLECT Division. His mission will be not only to manage the unit’s business development, but also to oversee the technical and functional development of the product.

The XRT COLLECT team will market XRT Collect directly and through Value Added Resellers, providing pre-sales support for the whole of Europe, promoting the partner certification program, and providing technical support to the Collect research and development team.

XRT Collect is one of the most efficient receivables management tools on the market, with functionality covering risk management and dispute resolution, as well as automating collect strategies. XRT Collect includes an integrated decision support tool that reduces the administrative burden and management costs for businesses of all sizes while also providing an effective credit management tool.

XRT Collect has an established reputation with credit management agencies and companies of all sizes who can use the system using a PC setup or in ASP mode. The solution is already used by leading firms such as Toshiba Systems France SA, Toshiba Tec France Imaging Systems, Geodis and National Citer.

"For businesses, credit management means first and foremost controlling the cash flow. Uniting the expertise of XRT and the Coveris team makes strategic sense, completing and complementing both companies’ range of products" said Alain Léonhard.

"With XRT’s technical and financial resources, and the industry expertise of the XRT Collect team, the XRT Collect solution will offer exceptional functional services that will exceed expectations of business managers and collection officers, as well as sales and accounting departments, and of course the treasury" added Alain Léonhard

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