Executive Change: Data Impact Names Michael Lane as Chief Executive Officer

Huntington Beach, Calif. – Further underscoring its dedication to streamline accounts receivable operations, Data Impact, a leading provider of modular, SaaS-based Electronic Invoice Presentment and Payment (EIPP) solutions, has appointed  veteran financial technology  executive Michael Lane as Chief Executive Officer and a member of the board of directors.  With extensive executive experience in cash management and payments, Mr. Lane will shepherd Data Impact as it enters an aggressive new period of growth.

Mr. Lane’s arrival at Data Impact comes on the heels of a number of expansion-focused developments, including a new round of financing, additions to the Board of Directors, strengthening of the management team, recruitment of new industry partners, and the signing of major new clients.

Prior to joining Data Impact, Mr. Lane served as Senior Vice President and General Manager of Bottomline Technologies, a leading provider of cash management solutions, where he led the business to significant growth.  Previously, as Managing Director, Global Banking and Capital Markets for Pegasystems, a provider of business process management solutions, Mr. Lane built a New York-based team to penetrate the financial services market, and brought on significant new business. As a founding member of Encompys, a start up independent software company owned by Accenture, The Bank of New York, Microsoft, Compaq, and Advent Software, he served as Chief Marketing officer.

Earlier in his career, Mr. Lane served as Global Director, Capital Markets with Accenture, Senior Vice President of Banklink (a Fiserv company), and held Vice President positions with both Chase and Bankers Trust Company.
“Michael’s diverse background, record of driving growth in financial services, and his experience with software companies, consulting firms and leading financial institutions, has prepared him to readily grasp the business challenges faced by Data Impact’s clients,” notes Data Impact Board Member Bill Bridgers. “His ability to act as a trusted advisor to companies as they plan their receivables strategies will prove incredibly valuable as the company enters this exciting new growth phase.”

“Data Impact’s significant recent traction illustrates how the company is primed for expansion and well positioned to attract diverse customers, engage in new alliances, and enhance its current offerings,” noted Lane.   “The company is well positioned to capitalize on the growing demand for electronic invoicing and payments, and I look forward to collaborating with the team and our clients as we define the future of electronic commerce.”

Mr. Lane holds a BA from the University of California, Los Angeles, and an MBA from Columbia University’s Graduate School of Business.

About Data Impact
With its online invoice presentment and payment, and robust online document repository, Data Impact is restructuring the infrastructure through which businesses get paid for their goods and services.  Data Impact’s EIPP Plus suite is a modular SaaS solution that automates the Accounts Receivable process by integrating with any existing billing and A/R system. EIPP Plus enables organizations to accelerate any or all of the components of the A/R process, including e- invoicing, document management, payment processing, dispute management, and reconciliation.  For more than two decades, Data Impact has served major corporations in a variety of industries such as financial services, distribution, food services, and manufacturing, confidently control their processes. Headquartered in Huntington Beach, CA, Data Impact has representatives throughout the United States.  For more information, visit www.dataimpact.com.