Recognized as the Premier Automated Payment and Finance Solution       
PowerTrack® Named to Top 100 Supply & Demand Chain Companies

Minneapolis, MN (July 30, 2008) - PowerTrack proudly announces it has been named to Supply & Demand Chain Executive’s (SDCE) 100 Top Supply Chain Companies. 

Each year, SDCE undergoes an extensive search in an effort to recognize companies that demonstrate innovation.  This year in particular, the SDCE 100 looked for solution providers that give their customers a unique software, solution and/or service that addresses the clients’ current and future primary supply chain challenges.

PowerTrack’s unique solution provides automated processing, auditing, and payments in a completely integrated and secure network of more than 17,000 trading partners.  Customers see enormous benefits through invoice error reduction, elimination of paper handling and manual auditing, and business intelligence, to name a few.  PowerTrack also provides extended terms for shippers and quicker payments for carriers with its built-in financing options. 

Companies today are squeezed from all sides and seek efficiencies that reduce costs by eliminating waste from supply chain processes. PowerTrack provides a single connection to a powerful network for supply chain partners that enables automated freight invoicing and payment in a collaborative environment.  In addition, the robust supply chain data captured in the system helps to identify other areas of savings, such as: contract compliance, identifying economies of scale, pinpointing inefficient business decisions, and increasing profitability.

"Our readers turn to Supply & Demand Chain Executive to learn about new solutions and best practices for enabling the supply chain, to understand trends in supply chain technology, and to benchmark their own companies' enablement initiatives with those of other enterprises across industry verticals," explained Andrew K. Reese, editor of Supply & Demand Chain Executive. "PowerTrack's automated payment solutions and its positioning as part of a financial institution have positioned the company to provide the best practices companies seek when managing their payment processes."

“We are proud to win this award for a second year. We believe that this award is another milestone as we continue to find innovative ways to remove inefficiencies and deliver value to our customers,” said Richard G. Langer, general manager of PowerTrack.

PowerTrack is wholly owned subsidiary of U.S. Bancorp.
To learn more about PowerTrack payment solutions, visit
www.powertrackglobal.com or call 1-800-925-4324.

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