Fidesic Propels into the Midmarket with Solutions Partner Program

Bellevue, WA — 1/22/2002 Fidesic™, a leading electronic invoicing and payments (EIP) company, announced today, the Fidesic Solutions Partner Program, a formalized partner program designed to empower midmarket companies to take advantage of EIP solutions. With the launch of its partner program, Fidesic also announced they have signed four new partners: Cole Systems, Centerprise Information Solutions, Infogenics and The Resource Group. With a growing network of partners in place, Fidesic is well positioned to take hold of the midmarket and deliver solutions to companies looking to streamline their invoicing and payments processes.

The addition of these partners expands Fidesic's immediate reach into the midmarket. Through formalized relationships, Fidesic's solutions can be targeted across the country and the five metropolitan areas of New York, Dallas, Houston, San Francisco and Seattle.

As midmarket companies in these regions and all across the country expand their businesses, it becomes essential for them to manage their invoicing and payments processes without growing their accounting staff. The goal of the program is to help midmarket companies realize cost-savings and improved cash flow by employing a proven EIP solution coupled with support from local, qualified EIP professionals.

"There is a void in the midmarket today when it comes to electronic invoicing and payments solutions. The launch of this program and the world-class partners we are announcing today marks a big step forward in filling that void," said Naseem Tuffaha, CEO of Fidesic. "Through the incentives and tools we've put in place, we are clearly demonstrating our commitment to provide our partners the opportunity to increase up-front and recurring revenue while broadening their solutions' footprint among existing and prospective customers."

As part of program, Fidesic will provide tools that enable partners to aggressively take advantage of Fidesic sales, technical and operations support. Partners will have access to product trainings and technical assistance, as well as access to Fidesic.NET, the company's partner-only site for technical tools and support information. In addition, the program offers partners an opportunity to participate in joint marketing activities and receive Marketing Development Funds from Fidesic, helping them reach a broad range of customers.

"We are excited to be a part of the Fidesic Solutions Partner Program," said Keil Merrick, vice president of sales at Cole Systems. "Fidesic is the first company to provide leading-edge electronic invoicing and payments technology to the midmarket. Our customers have been looking for an EIP solution for more than a year; Fidesic is stepping up to the plate and delivering proven technology to meet our customers' demands. With a keen focus on the midmarket, Fidesic is poised to be the standard for the future in EIP."

"With mid-market IT budgets under pressure, managers are seeking solutions that are non-invasive and provide quick ROI ," said Robert Anderson, research director for Gartner Inc.'s Small/Medium Business Practice Area. "Electronic invoicing and payment solutions that integrate easily with technology already in use and that reliably leverage the power of the Internet can provide those quick returns while also improving customer service."

About Fidesic Corporation

Fidesic, headquartered in Bellevue, WA, is the leading provider of payables, receivables and payment financial process automation for the mid-market. Fidesic seamlessly integrates with financial systems to automate all aspects of the day-to-day payables, receivables and payment processes, including invoice receipt and generation, approval, and paper, credit card and electronic payment. Fidesic's real-time solution, which involves all appropriate parties to the process, enhances and streamlines the employee and customer/vendor experience.

Using Fidesic, businesses reduce costs, improve customer service and vendor relations, increase working capital, gain greater financial visibility, make better financial decisions, and focus their employees. Fidesic was designated a "Best of the Web" service in the leading financial industry publication, Online Banking Report.

For more information on the company and its products and services, call 866-572-9669 or visit the Web site at www.fidesic.com.