American Fundware, Inc. and Best Software, Inc. Announce Integration Between FundWare and FAS Asset Accounting.Business Editors & High Tech Writers DENVER, Colo. & RESTON, Va.--(BUSINESS WIRE)--Aug. 14, 2000 Integrated Fixed Asset Solution Now Available for FundWare(R) Clients American Fundware, Inc., the leading provider of mission-critical enterprise accounting and financial software solutions for nonprofit organizations and government agencies, and Best Software, Inc.(R), a leading provider of HR/payroll, fixed asset and analytic solutions, today announced the availability of an integration between Best's FAS Asset Accounting(TM) module and the FundWare suite of accounting and financial software. Additionally, the companies announced that American Fundware is an authorized reseller of FAS Asset Accounting and may offer the product to its clients either directly or through its FundWare authorized Business Partners across the country. FAS Asset Accounting provides advanced fixed asset accounting and reporting for companies needing effective decision-making tools in integrated accounting environments. It helps customers choose correct depreciation methods, make accurate tax payments and arrive at better, more informed decisions about their fixed assets fixed assets npl → activo sg fijo fixed assets npl → immobilisations fpl fixed assets fix npl → . "This integration and alliance with Best Software provides our clients with an industry-leading solution for managing fixed assets, coupled with the advantages of the FundWare suite. This announcement continues to demonstrate our commitment to providing our governmental and nonprofit clients with world-class solutions to their business problems so they can be more efficient and effective," said Michael Potts, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of American Fundware, Inc. "Partnering with American FundWare enables us to better provide solutions to nonprofit and government organizations. Fundware, coupled with FAS Asset Accounting, offers customers world-class functionality and best-of-breed solutions from two industry leaders," said Jim Foster Jim Foster is the founder and first commissioner of the Arena Football League. He is also a former NFL and USFL executive and was later the principal owner of the Iowa Barnstormers. , president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. for Best Software. About FAS Asset Accounting Today, managing fixed assets means more than struggling with a multitude of painstaking depreciation calculations and IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. regulations. It also requires accurately tracking the comings and goings of thousands of assets spread around the office or around the world. Solid management of the company "valuables" comes with rich rewards for today's savvy organizations. Accurate fixed asset accounting allows you to make smarter, more proactive decisions about assets. When fixed assets are recognized as the valuable, working resources they are, they maximize cash flow and can help ward off inflated expenses and negative impacts on P&L statements. Over 30,000 financial managers have chosen Best Software's FAS solutions to handle the complex fixed asset management needs of their growing organizations.
Key benefits of FAS Asset Accounting include:
-- Complete control over fixed assets for financial and tax
reporting
-- Intuitive interface
-- Automatically calculates AMT and ACE schedules, using more
than 20 standard or customized depreciation methods
-- Automatically handles full and partial asset disposals
-- Eliminates redundant data entry
-- Easy to implement, learn and use
-- Integrated "out-of-the-box" with FundWare
The FundWare Solution The FundWare suite of accounting solutions is specifically designed to meet the unique requirements of nonprofit organizations and government agencies. Highlights of the software include management of multiple funding sources, advanced cost allocation features and powerful reporting options. FundWare is available in two versions: (1) FundWare 7 - Standard Edition (TM), based on Microsoft's SQL SQL in full Structured Query Language. Computer programming language used for retrieving records or parts of records in databases and performing various calculations before displaying the results. Data Engine (MSDE MSDE Maryland State Department of Education MSDE Microsoft Data Engine MSDE Microsoft SQL Desktop Edition MSDE Microsoft Development Environment MSDE Military Scenario Development Environment MSDE Microsoft Sql Server Desktop Engine MSDE Microsoft Database Engine ), optimized for smaller organizations, and (2) FundWare 7 - Enterprise Edition(TM), based on Microsoft's powerful SQL Server An earlier relational DBMS from Sybase and from Microsoft. Sybase introduced SQL Server in 1988 for various Unix versions. In that same year, with help from IBM, Sybase created an OS/2 version that Microsoft licensed and branded as Microsoft SQL Server. RDMS RDMS Relational Database Management System RDMS Registered Diagnostic Medical Sonographer (American Registry of Diagnostic Medical Sonographers) RDMS Research Data Management Services (University of Delaware, Newark, DE) , optimized for larger organizations. About American Fundware, Inc. American Fundware, Inc., founded in 1976, is the global leader of mission-critical enterprise accounting and financial software solutions for non-profit organizations and government agencies. The company's top-rated software allows its 4,000 clients to better manage and report on their business, stay in compliance and improve productivity so they can focus on their mission of serving the community instead of their accounting system. The company has received a number 1 rating from the Nonprofit Financial Center in its independent review of 19 accounting vendors and received a 5-Star rating from CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. Software News for FundWare's robust capabilities. Clients include the American Red Cross American Red Cross: see Red Cross. , United Negro College Fund The United Negro College Fund (UNCF) is a Fairfax, Virginia-based American philanthropic organization that fundraises college tuition money for African-American students and general scholarship funds for 39 historically black colleges and universities. , American Cancer Society American Cancer Society, n.pr established in 1913, this national volunteer-based health organization is committed to the elimination of cancer through prevention and treatment and to diminishing cancer suffering through advocacy, scholarship, research, , Carnegie Hall Carnegie Hall Concert hall in New York, N.Y., U.S. It was endowed by the industrialist Andrew Carnegie at the insistence of the conductor Walter Damrosch (1862–1950). , United Way, John Wayne Cancer Institute, Girl Scouts Girl Scouts, recreational and service organization founded (1912) in Savannah, Ga., by Mrs. Juliette Gordon Low (1860–1927). It was originally modeled after the Boy Scouts and Girl Guides, organizations created in Great Britain by Sir Robert Baden-Powell during and various YMCA/YWCA organizations. For more information, contact the company at (800) 551-4458 or visit www.fundware.com. About Best Software Best Software, with more than 50,000 customers worldwide and offices in the US, Canada and Europe, develops solutions which enable organizations to transform the way they manage their HR/payroll, fixed asset and planning and budgeting processes. Its scalable, cost-effective solutions complement core financial management systems and support the full spectrum of Microsoft(R) platforms, including Windows(R) 95, Windows(R)98, Windows NT (Windows New Technology) A 32-bit operating system from Microsoft for Intel x86 CPUs. NT is the core technology in Windows 2000 and Windows XP (see Windows). Available in separate client and server versions, it includes built-in networking and preemptive multitasking. (R) and BackOffice(R). In February 2000, Best Software entered into a merger agreement with The Sage Group plc, a leading worldwide supplier of accounting solutions, and is now a wholly-owned subsidiary of Sage Group. For further information, call 800/368-2499, send an email to vacustserv@bestsoftware.com or access our web site at http://www.bestsoftware.com/. Except for historical information contained herein, the matters discussed in this news release may contain "forward-looking statements" that involve risks and uncertainties. Factors that could cause actual results to differ materially include, but are not limited to, adoption of the FundWare product family by American Fundware's customers, general business conditions in the software industry, American Fundware's relationships with its partners, availability of competing products and other risks detailed from time to time. Product names mentioned herein may be trademarks and/or registered trademarks of their respective companies. FundWare is a registered trademark of American FundWare, Inc. (c) American Fundware, Inc. 2000. Best Software and the Best logo are registered trademarks, and FAS and FAS Asset Accounting are trademarks, of Best Software, Inc. All other trademarks are properties of their registered owners. |
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