Adventist Healthcare Chooses SRC's Advisor Series for Budgeting Across 11 Medical Entities.

Business Editors

PORTLAND, Ore.--(BUSINESS WIRE)--Aug. 14, 2002

SRC Software, the leader in providing flexibility and sophistication for enterprise budgeting and financial planning, has announced that Adventist HealthCare, Inc., Rockville, Md., has selected SRC's Advisor Series(TM) to provide for improved budgeting and financial reporting for its 11 hospitals and healthcare facilities.

Adventist HealthCare is a non-profit, integrated network of health care services that includes hospitals, home health agencies, nursing centers and other health care services. Adventist HealthCare employs more than 5,200 people and treats well over 100,000 patients each year among its various entities and services.

The company will implement the Advisor Series' Budget Advisor(TM), Payroll Planner(TM) and Web Checkout components for 200 users across 11 entities. SRC will be able to install the system in just a matter of weeks for a third quarter 2002 rollout. The Advisor Series solution will replace an internally developed, Microsoft Excel-based budgeting system.

"We undertook an industry search to identify a solution that would provide budgeting flexibility for various departments throughout our organization, and could offer monitoring capabilities to track who has or has not completed their portion of the budget," said Chris Hall, Director of Decision Support, Adventist HealthCare. "Our sister organization, Adventist West, has used the Advisor Series for three years and they highly recommended the system.

"We expect that the new system will shorten our six-month budgeting cycle by one-to-two months this year and by substantially more next year."

The Advisor Series is an enterprise financial planning and reporting solution that provides extremely robust and flexible capabilities for planning, reporting and budgeting, features an intuitive and powerful Excel-based interface and is quick and efficient to deploy. Adventist HealthCare will use three key modules of the Advisor Series: Budget Advisor, a fully user-definable solution for budget preparation, forecasting and analysis; Payroll Planner, which provides detailed payroll budgeting at the individual employee or job code level; and Web Checkout, which allows users to check budgets in and out via the web and work in disconnected mode.

SRC Software (www.srcsoftware.com) is the leader in providing flexibility and sophistication for enterprise financial planning and corporate performance management. With over 1,400 installations of its multi-platform Advisor Series(TM) in mid- to high-end enterprises, SRC's highly personalized budgeting, payroll planning and multi-source consolidation/reporting solutions are used by companies such as Washington Mutual Finance, Harrah's Las Vegas casino hotel, Caterpillar Logistics Services Inc., and C-SPAN. SRC offers a full complement of financial planning and analysis tools through its unique integration of spreadsheets and industry-leading databases complete with full-scale web deployment. The company is privately held and based in Portland, Ore.; has regional offices in Massachusetts and Texas; and distribution channels in more than 16 countries. For more information, contact SRC Software at 800/544-3477 or by e-mail at [e-mail].

Advisor Series, Budget Advisor, Payroll Planner and Information Advisor are trademarks of SRC Software.