PARSIPPANY, N.J., Nov. 14, 2005 -- Provenir, a leading provider of enterprise software for managing the customer lifecycle, today announced that AmeriCredit Corp. has implemented an automated loan originations system using Provenir Platform software. The Provenir software lets AmeriCredit quickly return credit decisions that incorporate all relevant data and a consistent set of corporate lending criteria. Decision logic can be updated on a more frequent basis than was previously possible while guaranteeing its use for all submitted applications.

AmeriCredit underwrites retail installment contracts for automobile purchases throughout the United States. Auto dealers use online systems such as DealerTrack to submit information about an applicant to the underwriting system. AmeriCredit validates data, verifies initial requirements, collects additional data from third-party sources as needed to supplement the application data, and approves or declines the loan. Approved loans receive pricing and terms that are returned through the online system to the auto dealer. The entire process is usually completed in a matter of seconds.

"The Provenir Platform will benefit AmeriCredit in two ways," said Steve Bowman, chief credit and risk officer for AmeriCredit. "First, the new system is capable of processing a tremendous volume of applications with enhanced automation to support our lenders in the field. Secondly, and just as important, is our ability to rapidly update our lending criteria in a well-managed and structured process."

Maintaining and updating credit-decision criteria is an ongoing process as new laws are introduced at local and national levels, as the competitive marketplace shifts, and as the company refines its business policies to maximize profitability and customer satisfaction. Previously, AmeriCredit utilized external resources to update its systems and stay current with business needs. At that time, release schedules and programmer availability could delay implementation of changes. Provenir's unique visual orientation for workflows, decision processes and supporting data collection screens lets AmeriCredit more easily find and manage key lending criteria. In the first two months of implementation, the company was able to release four minor updates and refinements to its production logic. The ability to implement updates quickly and make more frequent, less intrusive changes to operational systems has increased AmeriCredit's efficiency.

"Loan origination is a key strength of the Provenir Platform," said Jeffrey Oulton, chief operating officer of Provenir. "But AmeriCredit also benefits from having a scalable platform that can be used to address other core operations such as account management, problem resolution, security and compliance. The software lets them grow and expand their business with a common architecture and single computing environment for managing these operations."

AmeriCredit is using the Provenir Platform to support both user interactive requests and automated analysis of transactions. The software is being used at 87 branch offices around the country, ensuring that lending decisions at the local level are consistent with best practices and the latest guidelines as established by corporate management.

About Provenir

Provenir is a leading provider of enterprise software for managing the customer lifecycle. Founded in 1992, the company's historical focus on solutions for the financial industry has led to successful implementations at major banks and credit institutions. This proven ability to handle key financial data and processes is now enabling companies in other industries to make use of the Provenir Platform to manage their customer lifecycle interactions.

Companies use Provenir software to create customized systems from a common architecture, letting IT and business collaborate to maximize profitability of operations that impact financial performance. Business applications of Provenir technology include originations, prospecting, account management, collections and recovery, customer service, security, and compliance.

Provenir is privately held, with headquarters in Parsippany, New Jersey. Customers in the United Kingdom and continental Europe are served from offices in London. Asia/Pacific operations are headquartered in Hong Kong. Information about Provenir, the Provenir Platform, and professional services are available on the company's website at www.provenir.com.

Provenir, Inc. - USA Headquarters
Sharon O'Connor-Clarke, 973-316-8680 ext 130
soconnor-clarke@provenir.com