TAC Worldwide Improves Business Performance with PayMode Electronic Payments and Remittance

Leading Staffing Specialist Builds Competitiveness by Improving Relationships
with Third-Party Staffing Agencies

BOSTON, MA and DEDHAM, MA — July 9, 2002—TAC Worldwide, one of the world’s largest full-service providers of technical, information technology, engineering and call center staffing has successfully implemented PayMode®, the only bank-neutral, electronic payment service into its core business process. TAC has been using PayMode to initiate and send electronic payments and remittance information securely to third-party staffing agency suppliers, as well as corporate vendors. By streamlining its high volume of payments to third-party agencies with PayMode, TAC has strengthened its competitive advantage by delivering a high and consistent level of service to corporate customers.

PayMode stands in contrast to TAC’s previous paper-based payments process. PayMode has been integrated into TAC’s existing Oracle Financials system, allowing TAC to migrate to electronic payments within its current systems environment. The integration required only three staff-days to complete while accommodating TAC’s internal IT schedule. The Oracle integration occurred without necessitating changes to TAC’s payment workflow or IT infrastructure, avoiding both disruptions to TAC’s operations as well as requirements for additional systems investment.

Contact: Ann McCormick , 207-771-3769,   ann_f_mccormick@fleet.com