Microsoft and Bank One to Simplify Cash Management

FARGO, N.D., and CHICAGO, Nov. 12, 2003 — Microsoft Business Solutions and Bank One today introduced Integrated Cash Management Solutions. This suite of software and banking services will enable midmarket companies to automate the process for sending and receiving files between Microsoft® Business Solutions–Great Plains®
and Bank One’s cash management services.

Midmarket business owners can now integrate their existing business processes for management of payables and receivables with their banking services, helping to eliminate time-consuming administrative tasks. Integrated Cash Management Solutions provides instant connectivity between Bank One customers using Microsoft Great Plains 7.5, thus automating the transmission of banking and accounting information using a standardized format.

“The new Integrated Cash Management Solutions will help address customer needs by automating the process of exchanging accounting and banking information, thus helping our mutual customers reduce administrative costs and manage cash more wisely,” said Karen Engel, group product manager at Microsoft Business Solutions. “Through our strategic relationship with Bank One, we are able to help Microsoft Great Plains customers realize additional value from their ERP investment.”

By implementing Integrated Cash Management Solutions, businesses can use and automate numerous cash management functions, including the transfer of electronic payments, check payments, electronic collections and receivables reporting. It also adds new Bank One product offerings such as Check Outsourcing, a banking service that enables check issuing and distribution, for Microsoft Great Plains users.

“Customers need solutions that allow them to spend time on their core business objectives and reduce unnecessary administrative or technology processes that ultimately waste time,” said Kathleen Nugent, senior vice president and head of product development at Bank One. “Integrated Cash Management Solutions significantly reduces the time required to manage critical business processes, which is an immediate improvement in payables and receivables management for the customer.”

Distribution will be through Microsoft Business Solutions-authorized reselling partners and Bank One’s direct sales force. The software can be implemented as a complete suite or as individual services so companies can customize it to meet their specific needs.

Integrated Cash Management Solutions is part of an ongoing strategic relationship with Microsoft Corp. and the latest in a series of Integrated Banking Solutions with Microsoft Business Solutions. Launched in September 2002 and April 2003, Bank One Commercial Card and Bank One Direct PayChek Card®
respectively deliver integrated expense management and payroll procurement solutions.

Complete Suite of Cash Management Solutions

Integrated Cash Management Solutions offers the following services:

Secure Check Services

  • Check Outsourcing. Combines Microsoft Great Plains Payables Management and Bank One Check Outsourcing to provide check issuance and distribution

  • Positive Pay. Combines Microsoft Great Plains SafePay and Bank One Positive Pay for reconciliation and protection from fraud by identifying discrepancies between checks presented for payment and those issued by customers

Electronic Origination Services

  • Electronic Payables. Combines Microsoft Great Plains Payables Management, EFT for Payables and Bank One ACH for electronic vendor payments

  • Electronic Receivables. Combines Microsoft Great Plains Payables Management, EFT for Payables and Bank One ACH Services for electronic debits to business partners

Receivables Reporting Services

  • Lockbox Reporting. Combines Microsoft Great Plains Lockbox and Bank One Lockbox Reporting and Reciept$tream®
    for automated reporting and updates of receivables data

About Bank One

Bank One Corporation ( ) is the nation’s sixth-largest bank holding company, with assets of $290 billion. Bank One currently has more than 51 million credit cards issued, nearly 7 million retail households, and over 20,000 middle-market customers. It also manages $175 billion of clients’ investment assets.

About Microsoft Business Solutions

Microsoft Business Solutions, a business group of Microsoft, offers a wide range of integrated, end-to-end business applications and services designed to help small, midmarket and corporate businesses become more connected with customers, employees, partners and suppliers. Microsoft Business Solutions’ applications optimize strategic business processes across financial management, analytics, human resources management, project management, customer relationship management, field service management, supply chain management, e-commerce, manufacturing and retail management. The applications are designed to provide insight to help customers achieve business success. More information about Microsoft Business Solutions can be found at .

About Microsoft

Founded in 1975, Microsoft (Nasdaq “MSFT”) is the worldwide leader in software, services and Internet technologies for personal and business computing. The company offers a wide range of products and services designed to empower people through great software — and time, any place and on any device.

Microsoft and Great Plains are either registered trademarks or trademarks of Microsoft Corp., Great Plains Software Inc. or their affiliates in the United States and/or other countries. Great Plains Software Inc. is a wholly owned subsidiary of Microsoft Corp. Commercial Card, Direct PayChek Card and Receipt$tream are trademarks of Bank One Corp. The names of actual companies and products mentioned herein may be the trademarks of their respective owners.

Note to editors: If you are interested in viewing additional information on Microsoft, please visit the Microsoft Web page at on Microsoft’s corporate information pages. Web links, telephone numbers and titles were correct at time of publication, but may since have changed. For additional assistance, journalists and analysts may contact Microsoft’s Rapid Response Team or other appropriate contacts listed at .

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