Acceleron's Boomerang Version 4 Helps Global Organizations Save Money While Increasing Control Over Corporate Expenses.Business/Technology Editors Lotusphere Booth D 242-244 Latest Version of Powerful Travel Expense Management Software offers the flexibility to handle tax and legal requirements for countries around the world ORLANDO, Fla.--(BUSINESS WIRE)--Jan. 15, 2000 Acceleron Inc. (formerly known as Momentum Business Systems), a leader in Travel Expense Management (TEM TEM 1. transmission electron microscope. 2. triethylenemelamine. 3. transmissible encephalopathy of mink. ) solutions, today introduced the latest version of its widely implemented TEM application Boomerang V4. Boomerang V4 is geared to all companies - large and small - that use Lotus Notes Messaging and groupware software from IBM Lotus that was introduced in 1989 for OS/2 and later expanded to Windows, Mac, Unix, NetWare, AS/400 and S/390. Notes provides e-mail, document sharing, workflow, group discussions and calendaring and scheduling. and Domino. For large organizations with offices in multiple countries, Boomerang has the flexibility to accommodate numerous different tax and legal requirements, and allows companies to centralize cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. the final processing and back-end management of expense reports. This centralized management on a global level helps keep costs in check, enforces policies enterprise-wide and leverages enterprise expense data into valuable travel intelligence that can be used for vendor negotiations, budgeting and planning purposes. Boomerang V4 is built on a new scaleable architecture, and includes a variety of enhancements and new features including a new user interface, enhanced tools to efficiently manage the import and export of information between Boomerang and financial/HR systems, an improved analysis module, greater flexibility for corporate policy maintenance and enforcement, new audit management tools, and global tax and legal requirement support features. In addition, Spanish, Dutch and German will be added to the existing English and French language options. "We've designed Boomerang V4 to be flexible and scalable for both small- and medium-sized business and multi-national companies. As our clients grow and become more international, their expense reporting needs also change. Boomerang can now accommodate these new requirements, " said Lorne Schwartz, President of Acceleron. "We are also very excited to extend our product offerings to the European and South American market. We are planning to open new offices in Europe this year, to better serve the needs of our global customers." New Features: For travelers, Boomerang provides electronic credit card charge pre-population for an unlimited amount of credit cards and automatically generates reminders whenever they are late in reconciling charges. In addition, charge card reimbursement amounts are automatically broken down to determine which charges the company will pay vs. those that are to be paid by the employee. Travelers have access to a unique traveler profile which allows them to set up personal information such as frequently entertained customers, business purposes, personal vehicle data and other information commonly required for expense and travel reports. Boomerang V4 also provides new built-in wizards for hotel, customer entertainment, meals, car rentals and currency exchange gain/loss as well as an allocation feature which allows them to split expenses by cost center and/or project. For managers, Boomerang includes flexible audit criteria rules such as expenses incurred outside a traveler's home country or what to do in the case of missing receipts. Bar coding within Boomerang allows for easy receipt matching via scanners. Boomerang V4 also has new automatic e-mail notifications to travelers with missing receipts, audit queue management, check-in/check-out of reports, and audit trails. Auditors can run queries on traveler histories and are automatically alerted if an expense report contains items requiring special attention, such as unused tickets or personal expenses. Finally, auditors and managers now have access to over two dozen new travel data management reports, which are generated by Acceleron's improved analysis module. Availability Boomerang V4 will be available in March 2001 in English, French, Spanish, Dutch and German versions. Pricing for Boomerang is user-based, with volume discounts. About Acceleron (www.acceleron.com) Launched in August 2000, Acceleron, formerly the Software Division of Momentum Business Systems, is a leading provider of Travel Expense Management solutions. Acceleron is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of OnX Incorporated (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : ON), and is a member of OnX's Active Business Development Division. Based in Saint-Laurent, Canada, Acceleron is a Lotus Premier Partner, Lotus ISV (Independent Software Vendor) A person or company that develops software. It implies an organization that specializes in software only and is not part of a computer systems or hardware manufacturer. partner and IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) Business Partner. Its flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , Boomerang, is a Travel Expense Management software solution designed to easily integrate with a company's existing financial, analytical and direct-payment systems. Boomerang is currently being used by more than 235,000 users worldwide to efficiently enter, submit, process and manage expense reports from either their desktop or a standard browser. Acceleron's clients include industry leaders such as Procter & Gamble, Honda of America Manufacturing, Bayer Inc, Novartis Pharma Canada, Vesuvius, Veritas DGC DGC Directors Guild of Canada DGC Distributed Garbage Collector DGC Dystrophin-associated Glycoprotein Complex DGC Data General Corporation DGC Dakota Gasification Company DGC Dirección General de Caminos (Guatemala) Inc. and DST Systems DST Systems Inc. (NYSE: DST) is a software development firm that specializes in information processing and management, with the goal of improving efficiency, productivity, and customer service. . About OnX OnX Incorporated, a publicly traded Company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. (TSE: ON), is Canada's e-Systems Innovator. Founded in 1983, it is comprised of OnX.com - one of Canada's leading Internet Professional Services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. , IT Infrastructure, and ASP/Hosting firms - and Momentum.com, an active e-business incubator. The company is able to leverage these fully integrated services In computer networking, IntServ or integrated services is an architecture that specifies the elements to guarantee quality of service (QoS) on networks. IntServ can for example be used to allow video and sound to reach the receiver without interruption. to provide clients with complete wired and wireless e-business solutions. Committed to client satisfaction, OnX serves more than 1,000 of Canada's leading companies and government organizations. OnX Incorporated employs more than 450 people in 8 offices across Canada Across Canada was an afternoon program that formerly aired on The Weather Network. The segment ran from early 1999 until mid 2002. The show ran from 3:00PM ET until 7:00 PM ET. . For additional information visit www.onx.com |
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