Tech Data Chooses Harbor Payments’ Invoice Harbor to Immediately Convert from Paper to Electronic Invoicing of its 90,000+ Customers

Invoice Harbor™ will enable Tech Data to convert to 100% electronic invoicing from day one, resolve disputes online and process payments electronically via multiple channels and payment types

Atlanta, GA, June 26, 2006 – Harbor Payments, the leading provider of next-generation corporate payments management solutions, announced today that Tech Data Corporation (NASDAQ: TECD) has chosen Harbor Payments’ Invoice Harbor for electronic invoicing and accounts receivable (AR) automation. Using Invoice Harbor, Tech Data, a leading distributor of IT products that issues more than a million invoices each year to 90,000+ customers in more than 100 countries, will be able to convert all of its invoices from paper to electronic on day one.

The invoice-to-collect cycle costs most companies between $5.50 and $17.00 per invoice presented and, according to industry analysts, more than half of all net-30 invoices are paid after 56 days. Invoice Harbor dramatically accelerates the invoice-to-collect cycle by integrating with Tech Data’s existing AR systems to automatically load invoice data and route billing data for distribution through each buyer’s preferred format and delivery method. Invoice Harbor also enables enterprises to more effectively manage dispute resolution online and it automates payment receipt – via the web, IVR or CSR – and processing for payments made by credit card, check, ACH and wire. As a result, enterprises gain a more accurate view of the total inflow of funds across the organization for enhanced working capital efficiency.

“Harbor Payments has been successful in helping our clients to rapidly experience a return on their investment because our solution is designed to benefit both our clients and their trading partners,” said Ashish Bahl, founder and CEO of Harbor Payments.

For example, disaggregation of complex invoices for manual routing to multiple divisions or locations for approvals is a slow and arduous process that significantly prolongs the payment cycle. Invoice Harbor supports a unique data hierarchy model that delivers comprehensive statement-to-invoice integration, automatically distributing individual invoices to the appropriate resources across the buyer’s organization for approvals. The system also collates approved invoices for automated processing through the buyer’s AP department, resulting in improved workflow for the buyer and reduced DSOs and enhanced cash flow for Harbor Payments’ AR client.

Harbor Payments offers the industry’s only integrated accounts receivable (AR) EIPP and accounts payable (AP) EIPP solution on a single platform to provide enterprises with complete automation, a higher ROI and comprehensive liquidity management.

About Tech Data Corporation
Founded in 1974, Tech Data Corporation (NASDAQ:TECD) is a leading distributor of IT products, with more than 90,000 customers in over 100 countries. The company's business model enables technology solution providers, manufacturers and publishers to cost-effectively sell to and support end users ranging from small-to-midsize businesses (SMB) to large enterprises. Ranked 107th on the FORTUNE 500(R), Tech Data generated $20.5 billion in sales for its fiscal year ended January 31, 2006.
For more information please visit www.techdata.com

About Harbor Payments
Harbor Payments is the leading provider of corporate payments management, providing comprehensive electronic outsourced invoicing, billing and disbursement solutions for the Global 1000. The company’s products, services and insight enable organizations to manage cashflow 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. Harbor Payments 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