PayStream Advisors is preparing a new edition of our Web invoicing buyer’s guide and vendor analysis report to provide an update to the ever-changing electronic invoicing landscape. PayStream’s earlier report Web Invoicing & Electronic Payments: Moving Beyond Paper, published in Fall 2005, provided an overview of the Web Invoicing & Electronic Payments market and featured in-depth profiles of five leading vendors, that provided Web invoicing solutions and four that focused exclusively on electronic payments. The forthcoming report will provide insights into new trends in the Web invoicing market and focus exclusively on solution providers that deliver electronic invoicing and workflow management functionality. This 60-70 page report scheduled for publication in Q4 of 2006 is intended to help Accounts Payable,

Purchasing, and IT buyers make vendor and technology selection decisions as they evaluate new invoicing and payment automation strategies and solutions. The report will focus on Web invoicing solution providers with viable solutions and product strategies to meet the invoice management needs of medium to large corporations. PayStream Advisors actively researches the solutions industry to remain abreast of the latest developments and to provide enterprise managers with the information needed to make informed decisions about payables automation tools. Our industry reports reflect our analysts’ unbiased views of purchasing and payables trends and practices, and contain valuable insights about the providers who are shaping the future of the industry.