Harbor Payments Has Built the Largest Supplier Network in the EIPP Industry as Reported by Aberdeen Research

Atlanta, GA, January 20, 2006 – Harbor Payments, Inc., the leading provider of next generation electronic invoicing, billing and payment solutions, was featured in an Aberdeen research paper published today. According to Aberdeen’s research, Harbor Payment, business model ensures fastest Return on Investment to electronic invoicing clients.

The research paper discusses the importance of a large supplier network in realizing the benefits of electronic invoicing, highlighting the importance of effective supplier enrollment programs and the on-boarding process as the critical success factor that can make or break any e-invoicing program. Any business can contract with an electronic invoicing provider for an e-invoicing solution, but if their suppliers/customers/vendors do not get on board the “electronic trading platform” to start sending and receiving electronic invoices, the benefits realized will be limited. The program can end up essentially “dead.”

According to Aberdeen’s paper, the best means of ensuring supplier participation in any e-invoicing program is the careful selection of the e-invoicing provider. This is where Harbor Payments comes out as the winning model. The company not only brings the underlying technology to the table, but also the core competency of a large network of suppliers already trading on its platforms, as well as an easy enrollment process for those not yet enrolled.

“Building a strong network of suppliers has been central to our philosophy at Harbor Payments for years,” stated Nandan Sheth, GM of Harbor Payments. “Having the largest supplier network in the industry is a testament to our focused strategy of growing the network. We have worked very hard to create the most ‘vendor-friendly’ enrollment process: it is easy, fast, and zero-cost to the vendor. I am pleased to share that this program has resulted in 15-35% of our client’s vendor base enrolling in the program within the first year, compared to the typical industry adoption rates of 5-7%,” Mr. Sheth concludes.

Please refer to the full paper at http://www.harborpayments.com/Aberdeen - Supplier Network Impact 011906.pdf

About Harbor Payments
Harbor Payments is the leading full-cycle corporate payments management company focused on electronic outsourced invoicing, billing, and disbursement solutions for the Global 1000. The company’s products, services, and insight enable organizations to manage cash flow more effectively by efficiently sending and receiving invoices, making and collecting payments, and managing all associated internal workflows. While transforming and streamlining the client organization’s operational and financial processes, Harbor Payments products and services adapt to and complement each client’s existing information systems and accounting applications.

The Company’s solutions are marketed under the brands of Invoice Harbor, Billing Harbor, and Payment Harbor.
For more information, please visit the company’s web site at www.harborpayments.com