Cforia Software representative customers

Sennheiser Electronic Corporation (SEC) is the U.S. and Latin America wholly-owned subsidiary, with
headquarters in Old Lyme, Connecticut. SEC represents all Sennheiser products in the United States. It
distributes a variety of other premium pro audio lines, including Neumann Microphones, and K-Array Speakers.
Our commitment to the world of audio is simple: we offer products that provide the finest combination of
performance and value available anywhere, and back them up with superlative service.
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Customer Story

Bray International, Inc. was founded in 1986 with the goal to establish itself as The High Performance Company
in valve production. Since its inception, Bray International has expanded worldwide into multiple countries and
improved the depth of their product line through acquisitions of companies such as Flow-Tek, RitePro Inc. and
Ultraflo. Bray International's two other divisions, Bray Controls and Bray Commercial, along with its subsidiaries
provide high performance valves to a number of industries including: Beverage, Chemical, Food Processing and
Nuclear Power. Today, Bray International continues to be a leader in the butterfly valve and control market
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Customer Story
Link to Thermo Fisher Scientific

Thermo Fisher Scientific Inc. (NYSE TMO) is the world leader in  serving science, enabling our customers to
make the world healthier, cleaner and safer. With annual revenues of $10 billion, they have more than 30,000
employees and serve over 350,000 customers within pharmaceutical and biotech companies, hospitals and
clinical diagnostic labs, universities, research institutions and government agencies, as well as environmental
and industrial process control  settings.

In 2009, with 132 divisions and 67 disparate ERP systems, Thermo Fisher Shared Services Center realized that it
would not be able to build out A/R Automation with a Cforia Software competitor that had been selected at the
corporate level. Cforia immediately showed that their MC2/MD2 architecture was uniquely capable of handling
disparate ERP system environments.
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Customer Story
Link to Citizen Watch

Citizen Watch was established in 1918. During the last eighty-five years Citizen has expanded its business
throughout the world and has achieved recognition as a global brand. The past 25 year period has coincided with
the company’s dramatic rise to its current position as the worlds largest watchmaker, a distinction Citizen has
held every year since 1986.

In 2006, Citizen Watch made the decision to switch from two Cforia competitors onto our platform. Previously they
used a point solution for credit and collections and another one to manage deductions. These systems were
synchronized only once per night via batch update. Cforia's real-time data integration and advanced functionality
allows their A/R team to handle order hold and release, credit and collections, plus deductions management
from one platform.
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Customer Story
Link to Ferrero

Ferrero SpA is an Italian founded and headquartered family-owned confectionery company. The company is one
of the top five confectionery companies worldwide with annual sales in excess of EUR 4.4 Billion. In the United
States, the company is well known for its market leading Tic Tacs® breath mints and Rocher Hazelnut
Chocolates® brands. These products are widely distributed through the United States’ largest retailers.

Prior to use of Cforia’s Software, Ferrero USA had a good DSO number of 27 days, which was attributed to a 2%
cash discount to customers who pay within 10 days of receipt of goods. A bigger problem for Ferrero USA was
numerous deductions taken by large retailers. Since going live with Cforia, they have recovered several million
annually in unearned deductions.
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Customer Story
Link to Textron

Textron Inc. (NYSE TXT) is not only one of the world’s best known multi-industry companies, it is a
pioneer of the diversified business model. Founded in 1923, Textron has grown into a network of businesses
with a total revenue of $10.5 billion, and approximately 32,000 employees and presence in 25 countries, serving
a diverse and global customer base. Headquartered in Providence, Rhode Island, U.S.A., Textron is ranked 220th
on the Fortune 500 list of largest U.S. companies. Textron is an industry leader with strong brands such as Bell
Helicopter, Cessna Aircraft, Kautex, Lycoming, E-Z-GO and Greenlee.

In 2008, Textron Financial Shared Services Center realized that it would not be able to continue to operate with a
Cforia Software competitor. This particular competitor was simply not able to synchronize data from their SAP
ERP system on a reliable basis.  Cforia immediately showed that their corporate DNA was different than other
companies that Textron had worked with in the past. A relatively short ten week project enabled them to Go-Live
on a near real-time system that has availability that exceeds 99.99%.
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Customer Story

In 2005, Bally Technologies was in a weak financial position and was losing money. They had just restated
several years of past financial results and had received an adverse internal controls letter that included A/R in the
areas that required remediation.

A new management team brought Cforia into Bally's.  A/R Automation helped turn around cash flow from a
negative 58 cents per share in 2005 to a positive $3.08 in 2010. Long term debt has been reduced over this
period from 64.4% to 18.3% of capitalization.
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Customer Story
Link to Dorman Products
A leader in automotive aftermarket products since its founding in 1978, Dorman Products, Inc. is a supplier of
original equipment dealer exclusive automotive replacement parts, fasteners, and service line products. Dorman
designs, manufactures, packages and markets a wide assortment of over 100,000 automotive replacement
parts, including brake parts, fasteners and service line products under the DORMAN; brand names AutoGrade,
Conduct-Tite, FirstStop, HELP!, OE Solutions, Scan-Tech, and SYMMETRY.

In 2009, with five primary division sites, Dorman realized that it had outgrown existing Accounts Receivables
processes and systems. They leveraged a Cforia Software competitor that had only been able to synchronize
data once a night from only two, out of a total of  five, operating ERP instances. Cforia immediately took ownership
of synchronizing data for the first time from all five of Dormans ERP instances. Cforia's separate clean and dirty
receivables tracking allowed them to reduce Days Deductions Outstanding by more than 30 days during the first
year. They also decreased their greater than 30 days past dues by 19% during a period when net receivables
grew by 13%, without adding staff.
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Customer Story

Cytec Engineered Materials provides advanced materials for extreme demand environments. They combine our
50 years of technology heritage, extensive and complementary product portfolio and expertise in design materials
and process development to deliver innovative customer solutions that maximize technology capability and
simplify manufacturing.
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Customer Story

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