PayStream Advisors Reviews PNet Opt-In
Early Payment Discount Management Software

June 28, 2008 – Analysts from leading technology research and consulting firm, PayStream Advisors (www.paystreamadvisors.com), recently completed a solution profile of the PNet Opt-In Early Payment Discount Management (EPDM™) module. PurchasingNet, Inc. (www.PurchasingNet.com) offers the Opt-In Early Payment Discount Management (EPDM™) module as part of the PNet ePayables Product Suite.

To compile the report, PayStream Advisors conducted multiple scoping sessions on PNet ePayables, focusing on the PNet Supplier Invoice Portal and EPDM™ functionality.

EPDM™ aims to give customers access to the working capital that is traditionally tied up in manual, paper-based processes. By automating the invoice receipt to approval process, PNet ePayables supports the collaborative relationship between buyers and sellers – enabling buyers to receive and approve invoices more efficiently and allowing suppliers visibility into the process and access to low-cost financing options like discounting.

PayStream identified particular strength in the interface and functionality of the PNet Supplier Invoice Portal. “We were really impressed with the [PNet] Supplier Invoice Portal; the user interface is uncluttered and intuitive…the search capabilities are robust and the portal supports both simple and advanced mechanisms to retrieve invoices,” described Sush Koka, Research Director, PayStream Advisors, and author of the report.

“We are thrilled to be recognized as innovators in the area of dynamic payment discounting by PayStream Advisors, an organization that has been a pioneer in this area,” stated Tim McEneny, President & CEO, PurchasingNet, Inc. “EPDM™ yields up to a 36% annual ROI for our customers. This compelling ROI is responsible for more companies moving to eInvoicing,” McEneny concluded.

“Given the robust solution functionality and the very tangible benefits of PNet ePayables, we believe that PurchasingNet’s offering should be on the list of every organization seeking to automate its Procure-to-Pay processes,” summarized Koka.

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About PayStream Advisors

PayStream Advisors is a technology research and consulting firm that improves the way companies plan, evaluate, and select emerging technologies to achieve their business objectives. PayStream Advisors assists clients in sorting through the growing complexities of IT applications related to business process automation with the goal of making objective, analytical, and actionable recommendations. Wherever business process automation technology is an issue, PayStream Advisors is there to help. For more information regarding PayStream Advisors, call (704) 523-7357 or visit www.paystreamadvisors.com.

PurchasingNet, Inc. (www.PurchasingNet.com) is a leading provider of Web-based eProcurement and ePayables software to mid- and large-sized companies. The company has over 1,400 customers in Financial Services, Retail/Consumer Products, Professional Services, Media/Publishing, and a variety of other industries.

Founded in 1983, PurchasingNet has focused exclusively on the development and implementation of Procurement and Payables applications since inception. In addition to building an extensive, blue-chip client base, PurchasingNet possesses deep domain expertise in Purchasing and Payables business processes. The average length of service at PurchasingNet is 8 years per employee.

PurchasingNet's customers include US Bank, Navy Federal Credit Union, American Financial Group, Liz Claiborne, HBO, EarthLink, XM Satellite Radio, Black & Decker, Kroger, and General Mills.