vSync and Blue Moon Industries Announce Remittance Automation for Microsoft Dynamics(TM) GP




    Remittance Automation Automates Cash Receipts Processing for Microsoft
Dynamics(TM) GP, Allowing Companies to Electronically Capture Allowances and
Deductions Against Open Invoices

    COLUMBUS, OHIO, March 6 /CNW/ - vSync and Blue Moon Industries today
announced the availability of Remittance Automation - an electronic bridge
enabling Blue Moon's ChargeBack Processing module to electronically receive
and manage chargebacks using the EDI Payment Remittance Document (820).
Remittance Automation is a key component of GP Advanced Compliance, an
integrated product bundle that Blue Moon and vSync launched in 2005. GP
Advanced Compliance enables Microsoft Dynamics GP customers to fully automate,
and manage supply chain compliance with customers such as Wal-Mart, Target and
Lowe's.

    vSync, headquartered in Columbus, Ohio, provides EDI and Shipping
compliance solutions for Microsoft Dynamics GP, a mid-market ERP solution from
Microsoft Corp. "Any supplier that sells to large retailers has to manage
chargebacks. We're human, we make mistakes. Unfortunately, when you sell to
customers that have established supply chain initiatives, like Wal-Mart or
Best Buy, you'll get hit with chargeback fees each time you either make a
mistake processing their orders, or for things like promotional expenses, and
damaged goods returns," says Bill Knapp, President of vSync.

    "Those chargebacks can cost suppliers in excess of 10% to 20% of revenue
per year," adds Gary Palardy, President, Blue Moon Industries, a Providence,
Rhode Island based developer of Microsoft Dynamics GP solutions, specializing
in distribution and supply chain compliance. "We developed our ChargeBack
Processing module in 1996 to provide Microsoft Dynamics GP customers with a
way to enter and edit customer defined remittance adjustments prior to the
posting of cash receipts. By partnering with vSync, we can now provide a
chargeback processing solution that fully automates the capture and validation
process."

    Retailers designate in their supplier agreements a fee schedule of
adjustments that will be charged against the supplier's invoice for mistakes
like shipping the wrong product, delivering to the wrong address, or for items
that are received damaged. In addition, those fee schedules can include
expected chargebacks for things like advertising or promotional expenses. The
supplier may send an invoice for goods purchased expecting payment in full,
but will receive payment for less than what was invoiced due to chargebacks.

    "When a supplier receives payment from a customer for less than what was
invoiced, the supplier has to be able to account for the deductions before
they can close the invoice and mark it as paid," says Palardy. Remittance
documents can sometimes have hundreds or even thousands of adjustments, taking
considerable time to enter. Using EDI as the enabler, suppliers can now
receive a customer's EDI 820 remittance advice document electronically and
still take advantage of all the rich functionality of ChargeBack Processing.
Time saved can be refocused on collections instead of data entry.

    Remittance Automation is available for the GP Advanced Compliance suite
of products which includes integration between vSync's EDI module and Blue
Moon Industries' ChargeBack Processing module. Both vSync and Blue Moon offer
solutions for Microsoft Dynamics GP that provide industry-specific supply
chain functionality for manufacturers and distributors in the areas of sales
order processing, purchase order processing, fulfillment and shipping.

    About Blue Moon Industries

    Since 1994, Blue Moon has developed a wide range of products from
time-saving enhancements to robust, feature-rich modules, specializing in
Distribution, Manufacturing and the Public Sector. The result is a rich
history of partner and customer success and an understanding of the
distribution and supply chain challenges facing organizations. This expertise
helps us create innovative products that introduce new business processes into
Microsoft Dynamics(TM) GP. The result is an accurate, streamlined workflow
that integrates critical information with the business management solution.

    About vSync

    vSync provides EDI and Shipping Compliance solutions for Microsoft
Dynamics(TM) GP. Using vSync solutions, Microsoft Dynamics GP is enabled to
receive, process, and generate customer-required EDI documents. More than just
transaction processing, vSync solutions add rules-based processing functions
that enable suppliers to track, manage and process customer specific data
requirements and processes. vSync extends supply chain functionality with the
addition of vShip, a fulfillment and shipping application that is integrated
for Microsoft Dynamics GP. vShip enables the capture of container details,
pack verification, and shipment rating to streamline the fulfillment process,
reduce manual entry of data, and provide customer-specific data required for
supply chain compliance.

    About Microsoft Dynamics

    Microsoft Dynamics is a line of financial, customer relationship and
supply chain management solutions that help businesses work more effectively.
Delivered through a network of channel partners providing specialized
services, these integrated, adaptable business management solutions work like
and with familiar Microsoft software to streamline processes across an entire
business.




For further information:

For further information: vSync Lisa Steinhart, Marketing Director,
614-261-0058 X256 or Blue Moon Industries Sandra Ferreira, Channel Manager,
401-276-9000 x378

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