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Date Posted: 10/9/2001

Fidesic, a leading electronic invoicing and payments company, announced the eInvoice and ePay Module 2.0 for Microsoft Great Plains? Dynamics and eEnterprise solutions.

 
 
FOR IMMEDIATE RELEASE

Fidesic Introduces eInvoice and ePay Module For Microsoft Great Plains Business Solutions

Innovative Web services offering brings integrated ePayments solution to mid-sized businesses and opportunity to Microsoft Great Plains Value Added Resellers

Stampede, Fargo, ND, October 3, 2001: Fidesic, a leading electronic invoicing and payments company, today announced the eInvoice and ePay Module 2.0 for Microsoft Great Plains Dynamics and eEnterprise solutions. The module was released at Microsoft Great Plains Stampede, a four-day international business conference for Microsoft Great Plains partners, the value added resellers (VARs), consultants and solution developers who sell, support and develop integrated products for Microsoft Great Plains solutions. The eInvoice and ePay module enables Microsoft Great Plains partners and customers to send, receive and reconcile electronic invoices and payments, leveraging companies' investments in their existing accounting solutions.

"Fidesic's eInvoice and ePay module delivers great value to our Dynamics and eEnterprise partners and customers," said Tom Eide, general manager of Dynamics at Microsoft Great Plains. "Through deep integration with our products, Fidesic's solution is a unique and natural extension of our software into electronic invoicing and payments."

"With the integration of Fidesic Business ePayment Services and Microsoft Great Plains Business Solutions, Fidesic is the first to deliver on the hybrid approach of on-premise deployment tied to Web services," said Robert Anderson, research director for Gartner Inc.'s Small/Medium Business Practice Area. "The Fidesic eInvoice and ePay module is a solid offering for mid-sized businesses, enabling them to transact with customers and vendors in a far more efficient way."

By integrating with the Microsoft Great Plains Accounts Receivable and Accounts Payable modules, Fidesic enables Microsoft Great Plains partners to leverage their core competencies and existing customer base to secure additional revenue streams. Benefits to Microsoft Great Plains partners include:
· Recurring Revenue: Partners who sell the Fidesic eInvoice and ePay module will share in monthly subscription revenues generated by their customers.
· Additional Service Revenue: Partners will earn service revenue from helping customers install and customize the module.
· Rapid Return On Investment: Partners can capture additional revenue with little investment in acquiring new skills.

"Fidesic's eInvoice and ePay module is the first product that meets my vision of a 'paperless' transaction environment, and is one of the best values presented to me in a long time," said Karl Norris, president of The MAX Group, a Microsoft Great Plains Business Solutions Partner. "My consultants, administrative staff and sales representatives all were amazed with its simplicity, security and comprehensiveness. Business owners and Microsoft Great Plains customers will experience a spectacular product that will meet their needs immediately."

"We designed the eInvoice and ePay module not only to bring the benefits of electronic invoicing and payments to Microsoft Great Plains customers, but also to enhance the business opportunity of Microsoft Great Plains partners," said Naseem Tuffaha, CEO of Fidesic. "We believe the release of the Fidesic eInvoice and ePay module will accelerate the adoption of ePayments, and will help customers and partners realize the bottom line results of this powerful and efficient solution."

Additional capabilities in the eInvoice and ePay module include:
· Invoices can be sent via mail, fax or email
· Electronic invoices can be customized and re-branded
· Multiple invoices may be paid with a single payment
· Payments can be made and received across multiple bank accounts

Pricing and Availability
The eInvoice and ePay Module 2.0 is available now for a suggested retail price of $3,995 for Microsoft Great Plains eEnterprise 6.0 and $1,495 for Microsoft Great Plains Dynamics 6.0, in addition to a monthly fee based on the number of transactions performed. For more information, contact your local Microsoft Great Plains Business Solutions Partner or call Fidesic at 1-866-572-9669.

About Fidesic Corporation
Fidesic, formerly CheckSpace, Inc., is the premier provider of electronic invoicing and payment solutions for small and mid-size businesses. Fidesic ePayment Services enable businesses to transform their paper-based A/R and A/P processes into powerful and efficient electronic solutions. The Fidesic ePayment Platform is available for license to financial institutions to enable rapid implementation of electronic invoicing and payment solutions for their business customers. Fidesic's service received the "Best of the Web" distinction from the Online Banking Report, May 2001. The company is privately held and funded by Voyager Capital, Northwest Venture Associates and other Seattle-based venture capital firms. For further information, please visit www.fidesic.com.

###
Media Contacts
Daniel P. Mullen, Barokas Public Relations, daniel@barokas.com, (206) 264-8220
Brian Riseland, Fidesic Corporation, brianr@fidesic.com, (425) 643-9905, ext. 202

Fidesic and the Fidesic logo are trademarks and service marks protected in the United States and other countries owned by Fidesic Corporation and may not be reproduced, copied or modified in whole or part without written permission from Fidesic Corporation. Fidesic Corporation is a tradename owned by Fidesic Corporation. Other brands or product names are trademarks or service marks of their respective owners, should be treated as such, and may be registered in various jurisdictions.
 
 


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