PayCargo to integrate its Payments Capabilities into Four Soft’s Solutions

HYDERBAD, India, September 19th, 2011 – Four Soft® (4S®) (NSE: "FOURSOFT", BSE: 532521), a global leader offering software solutions for logistics and transportation industry, announced today that it has partnered with PayCargo, LLC, a provider of electronic invoicing and settlement solutions for the shipping industry, and part of First Data Corporation,  a global leader in electronic commerce and payment processing.

Under terms of the partnership PayCargo will integrate with Four Soft allowing its customers to make accounts receivables available to their clients online. The PayCargo plug-in enables users to send invoice alerts to their clients and offers them a method to pay invoices online. The integration also allows users to upload accounts payables directly from Four Soft to PayCargo and electronically remit payment to the vendors.

“By partnering with Four Soft, we are able to create efficiencies and offer innovative solutions to the market,” said Chris Courts, CEO, PayCargo. “Four Soft customers will now have the ability to track and manage payments and billing.  We are excited to integrate into Four Soft’s software solutions and look forward to adding value to our collective customers.”

“The PayCargo solution allows our customers to leverage their accounting functions with their customers,” said Krishna Rallabhandi, VP and managing director, Americas, Four Soft.  “By doing so, our customers will receive payments faster, and they can offer the convenience of online solutions.”

“The Four-Soft, PayCargo plug-in will significantly benefit our customers by saving them money, resources and time while helping them gain a competitive edge,” adds Cathy Clausen, Senior General Manager, Americas, and Four Soft.

PayCargo allows shippers, carriers and freight brokers of all sizes to settle accounts quickly and securely.  It also helps prevent expensive demurrage and storage charges that often result from inefficient payment processes and procedures. Carriers can be paid immediately for receivables and shippers can leverage multiple payment options.

PayCargo is available for all Four-Soft US customers and works with all Four-Soft US software products. To activate this new feature please register at https://paycargo.com?foursoft.  This partnership agreement has been executed through Four Soft USA Inc., a wholly owned subsidiary of Four Soft Limited, India.


About Four Soft Limited

Four Soft® is a public listed and CMMI level 5 appraised company which provides innovative software solutions, IT consultancy and BPO services exclusively for the logistics and supply-chain management market place. It is the market leader in the transportation and logistics segment with a large international client base including the majority of the top logistics & transportation companies in the world. With regional offices strategically located worldwide, it supports customers including DHL, DB Schenker, UTI and Geodis Wilson. Additional information about Four Soft® is available at www.four-soft.com.

Four Soft® offers a full suite of web-native products across the logistics supply chain. This includes 4S eTrans® for freight forwarding and logistics, 4S eLog® for extended warehouse management, 4S Visilog® & 4S VisiLog plus® for track & trace, visibility and supply-chain management, 4S eCustoms® for customs brokerage, 4S iShipping® for shipping line execution, 4S eConnect® for business-to-business connectivity and 4S Infotips for informed decision making.

About First Data

Around the world, every second of every day, First Data makes payment transactions secure, fast and easy for merchants, financial institutions and their customers. First Data leverages its vast product portfolio and expertise to drive customer revenue and profitability. Whether the choice of payment is by debit or credit card, gift card, check or mobile phone, online or at the checkout counter, First Data takes every opportunity to go beyond the transaction.


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