Tuesday, August 21, 2007

Landmark Survey Reveals Significant Environmental Impact by Organizations and Customers Who Embrace Electronic Billing and Settlement

SAN FRANCISCO, CA, August 21, 2007 - AVOLENT, a leading provider of self-service eBilling and eSettlement software, today released recent survey results illustrating the environmental impact business organizations have by offering electronic billing and payment software in partnership with their customers who embrace a paperless business relationship. Current AVOLENT customers included in this study include DELL, HP, Xerox, OfficeDepot, Highmark, Do It Best, and more.

Implementing AVOLENT software proves to have a domino effect of benefits to the environment. The need for paper products is eliminated in the billing and payment processes for customers who have adopted online invoicing and payment. Using calculations supplied by the Environmental Defense Fund ( www.papercalculator.org ) over 1,000,000 trees every year are saved due to this adoption. The preservation of these trees ensures that over 300 million pounds of green house gases are not released into our atmosphere, over 1 billion gallons of wastewater is saved, and over 100 million pounds of solid waste generated by paper manufacturing and landfill additions is eliminated.

AVOLENT customers say:

"The advantages of paperless billing and payment are overwhelming. Not only does electronic invoice delivery and online payment help preserve many aspects of the environment, but our customers are demanding more and more of our business relationship be completed over the web."

"Over 80% of our customers have adopted paperless billing and payment with us which translates into real and sustaining customer loyalty and an enormous reduction in operational cost and environmental waste."

"In environmental terms, AVOLENT paperless billing and payment effectively saves enough trees each year to populate the entire state of Rhode Island, and saves enough of our precious natural resources to power a small city," said Mike Seashols, Chairman and CEO of AVOLENT. "AVOLENT is proud that this is a 'convenient truth' to be shared with everyone. Each individual and each organization can have a direct impact on our environment by electing to be part of paperless electronic billing and payment manifesto."

About AVOLENT
AVOLENT is a leading provider of best-of-breed application software for self-service eBilling and eSettlement. The AVOLENT solution suite transforms an organization's paper invoices and manually intensive billing and settlement process into a web-based self-service electronic process that drives higher customer loyalty, enhances customer satisfaction, and improves operational efficiencies, while also preserving our natural resources. Organizations like DELL, Hewlett-Packard, Xerox, Highmark, PacifiCare, Office Depot, Penske Leasing, and many others use AVOLENT as their electronic billing and settlement engine to process over one billion dollars of invoices per week and preserve over a million trees every year with paperless invoicing and settlement. AVOLENT is headquartered in San Francisco, CA. For additional information about AVOLENT, visit www.avolent.com

Press Contact:
AVOLENT
Anthony Mejia
Vice President, Marketing
415.553.6400



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About Striata

Striata is the global leader in Secure eDocument Delivery.

Striata's Secure eDocument Delivery and Email Bill Presentment & Payment (EBPP) are solution sets - software applications and adoption methodologies - that deliver rapid reduction in operational costs, quicker payments and enhanced customer service by revolutionising the way bills, statements, contracts, policies, annual reports, payslips and other high volume system-generated documents are delivered and paid.

Unlike today's online presentment solutions, which insist on customers visiting and registering at a website, Striata’s complimentary solution (targeting customers still receiving paper) delivers feature-rich, registration-free, navigable and interactive secure email documents directly to their inbox and enables ‘one-click’ electronic payment without them having to visit a single web-page.

This innovative and strategic change from ‘pull’ to ‘push’ dramatically increases customer adoption of electronic communication, allowing Striata’s clients to achieve rapid ROI from their self-service and e-communication investments.

Visit Striata's Global Site.

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