Neopost Selects GETPAID for Management of Accounts Receivable Collections Process

Parsippany, NJ – The GETPAID® Corporation, the worldwide leader in providing receivable management software and services, today announced the selection of GETPAID 7i by Neopost, the European leader and number two world-wide supplier of mailing solutions.

“After careful consideration and evaluation, including extensive reference checks, we selected GETPAID for its functionality and ease of use,” explains Jean Claude Lacroix, director of finance for Neopost. “We were impressed with the reputation that GETPAID has with respect to their ability to deploy quickly and with minimal resources, and GETPAID’s ability to meet our tight schedule.”

“GETPAID will complement our existing SAP system and is expected to deliver a higher level of customer service, improve our dispute resolution cycle time and lower DSO.” explains Alexandrine Bourgeois, credit manager at Neopost.

” Neopost joins a vast user community consisting of over 550 companies in over 30 countries, including France based organizations such as Future Electronics, Acushnet, Alfa Laval and Emerson,” states Dianna Piumelli, president and chief operating officer of GETPAID. “We are pleased to be selected by Neopost and we look forward to a strong partnership.”

About Neopost
Neopost is the European leader and number two worldwide supplier of mailroom equipment and logistics solutions. Neopost offers the most advanced solutions for online or off-line postage, large volume mail insertions, occasional parcel delivery and logistics management and traceability.

Headquartered near Paris, France, Neopost has a direct presence in the world’s top mailing and logistics markets, i.e. the USA, France, the UK, Germany, Canada, Italy, the Netherlands, Belgium, Spain, Ireland and Japan. Neopost products are sold in 70 countries.

In 2001, Neopost generated sales of euro 575 million. In 2002, Neopost acquired Ascom Hasler, the world number three supplier of mailing solutions, and Stielow, Germany’s leading supplier of folder/inserters. Neopost is listed on the Premier Marché of Euronext Paris and is a constituent of the SBF 120 and Next 150 indices.

About The GETPAID Corporation
GETPAID is the leading provider of software and services to support Financial Value Chain Management (FVCM); offering a suite of web-enabled receivable and invoicing solutions that support workflow automation, strategic collections, dispute resolution, global commerce, Internet based account inquiry, and detailed reporting and analysis.

The GETPAID Professional Services team is comprised of experts who deliver implementation, training and on-going support services to more than 550 installations, 6,000 global users in greater than 30 countries representing a wide array of industries and environments. GETPAID is based in New Jersey, USA, with offices worldwide.