Online Billing and Collections…for about the Price of a Postage Stamp

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Inovium Corporation today announced the launch of InoviumPay 2.0 - the second generation of its popular online billing and collections management system, highlighted by ease of use and low cost. With this new solution, Inovium is able to provide a complete management of the billing and collections cycle to small to medium sized businesses, local governments, utilities and non-profits - all for about the price of a postage stamp

Inovium Corporation today announced the launch of InoviumPay 2.0 - the second generation of its popular online billing and collections management system, highlighted by ease of use and low cost. With this new solution, Inovium is able to provide a complete management of the billing and collections cycle to small to medium sized businesses, local governments, utilities and non-profits - all for about the price of a postage stamp.

"We are excited about the launch of InoviumPay 2.0," says Todd French, COO of Inovium Corporation, "as it gives us the opportunity to clearly showcase all we can do for a company for less than what it would cost to simply mail out the invoice itself." Most organizations underestimate the tremendous costs involved in the billing and collections process. With extensive labor costs involved in old-fashioned manual methods of the billing and collections process, the cost to a typical small-medium size company may well exceed $10.00 per invoice. "An electronic billing and collections management system such as InoviumPay 2.0 can provide each company with significantly improved operational efficiencies, major cost reductions, accelerated incoming cash flow, near-instant ROI, and happier customers" reports Mr. French.

The InoviumPay™ 2.0 (http://www.inoviumpay.com) was designed to significantly minimize the required training and learning time by the designated users, and make its operation as simple as possible. According to French "we believe that a typical operator will require just a few hours to become fully competent in its operation. While the system is robust, it is also very intuitive". "And the icing on the cake" he adds, "we are now at the point where the typical cost per electronic transaction - from start to finish - is about the same as that of a 1st class postage stamp".

About Inovium Corporation - Inovium (http://www.inovium.com) makes on-demand business process automation products and services based on a unique, robust, and highly flexible financial services platform. These products automate and simplify a number of complex manual business processes such as "invoicing and payments", facilitating the users' transition from paper to electronic processes and delivering overwhelming economic benefits. Inovium's solutions are aimed at small to medium size businesses, municipalities and non-profit organizations, and are available for clients' use under a Software-as-a-Service business model.

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TODD FRENCH
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