Best Software Introduces New Client/Server Asset Management Solution for Microsoft BackOffice Platform.RESTON, Va.--(BUSINESS WIRE)--April 6, 1998-- Best! Imperativ Asset Accounting Streamlines the Fixed Asset Management Process for Larger Companies Best Software, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BEST) today announced the release of its newest fixed asset management system, Best! Imperativ Asset Accounting, a client/server solution that delivers total control over fixed assets fixed assets npl → activo sg fijo fixed assets npl → immobilisations fpl fixed assets fix npl → and accurate, timely corporate reporting at a low total cost of ownership. Best! Imperativ Asset Accounting(TM) runs on Microsoft(R) BackOffice(TM) and has the performance and functionality required by companies with thousands of assets. "Best Software has been a market leader in fixed asset management solutions for mid-sized companies for many years," said Mark Tenenbaum, Best Software's director, FAS Products. "With Best! Imperativ Asset Accounting, we've combined the fixed asset experience that we have gained from serving over 25,000 FAS users with Microsoft BackOffice See BackOffice. technology. The result is a powerful and sophisticated asset accounting solution for larger companies." Best! Imperativ Asset Accounting is designed for organizations with thousands of assets spread across multiple locations. Because Best! Imperativ Asset Accounting is built exclusively for the Microsoft BackOffice technology standard, it provides the scalability and performance necessary for managing large numbers of assets. The BackOffice platform also reduces the total cost of ownership by enabling rapid implementation and low maintenance. "Best! Imperativ Asset Accounting capitalizes on the tight integration between Microsoft BackOffice components," said Christy chris·ty n. Variant of christie. Reichhelm, Microsoft's accounting industry marketing manager. "Because it's built and tuned for Microsoft Windows See Windows. (operating system) Microsoft Windows - Microsoft's proprietary window system and user interface software released in 1985 to run on top of MS-DOS. Widely criticised for being too slow (hence "Windoze", "Microsloth Windows") on the machines available then. NT and 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. , Best! Imperativ Asset Accounting users will save time and money through rapid implementation, and experience overall reduction of IT costs and higher enterprise productivity in the client/server computing computing - computer environment." Automating Asset Management Best! Imperativ Asset Accounting replaces the cumbersome, out-of-date asset management process in place at many large companies. Its built-in depreciation rules and automatic calculations eliminate the errors commonly made when depreciation is handled manually. As with all of its fixed asset products, Best Software provides annual tax updates to ensure compliance with changing IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. and GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). rules. Best! Imperativ Asset Accounting offers detailed asset tracking capabilities including asset disposals and transfers. It also manages lifecycle events to ensure accurate corporate reporting. In order to provide an integrated financial solution, Best! Imperativ Asset Accounting integrates with several leading financial accounting packages, including State of the Art's Acuity acuity /acu·i·ty/ (ah-ku´i-te) clarity or clearness, especially of vision. a·cu·i·ty n. Sharpness, clearness, and distinctness of perception or vision. Financials, Solomon IV for Windows and Great Plains Dynamics. Depreciation expenses are automatically calculated and posted to the General Ledger General Ledger A company's accounting records. This formal ledger contains all the financial accounts and statements of a business. Notes: The ledger uses two columns: one records debits, the other has offsetting credits. , eliminating redundant data entry and related errors as well as reducing closing cycle time. Accurate, Compliant Corporate Reporting Corporate reporting needs and external auditing requirements can be fulfilled quickly because Best! Imperativ Asset Accounting puts detailed asset management data at users' fingertips "Fingertips" is a 1963 number-one hit single recorded live by "Little" Stevie Wonder for Motown's Tamla label. Wonder's first hit single, "Fingertips" was the first live, non-studio recording to reach number-one on the Billboard Pop Singles chart in the United States. . Its pre-defined asset management reports save time, while built-in tools meet custom asset tracking needs. In addition, flexible grouping and sorting capabilities allow users to group asset data for faster, easier data analysis and reporting. Companies can also utilize Best! Imperativ Asset Accounting to plan future asset purchases and expenses for effective asset management. The software offers an on-line depreciation reference tool, ready-to-use depreciation projection and forecasting reports, and built-in capabilities to perform what-if scenario analyses. Designed for Large Corporations Best! Imperativ Asset Accounting helps large corporations shorten closing cycles by reducing processing time, and ensuring proactive management of fixed assets with fast, accurate depreciation calculations and pre-defined management reports. Asset data can also be exported into other applications. For example, Best! Imperativ Asset Accounting integrates with Best! FAS Property Tax, Powered by Vertex(R) Tax Intelligence(TM), to streamline the personal property tax compliance process, minimizing errors and achieving greater accuracy. To meet the needs of large corporations, the software allows users to maintain asset data separately for different divisions or entities and then easily combine the data for company-wide reporting purposes. It also offers mass asset additions, disposals and changes to increase efficiency. Product Availability Best! Imperativ Asset Accounting is available beginning mid-April and is available directly from Best Software and through a network of authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: Best Business Partners. Pricing begins at $10,000 for a five-seat license. About Best Software Best Software, Inc., with offices in Reston, Va., St. Petersburg, Fla., Ontario, Canada, and Dusseldorf, Germany, provides corporate resource management solutions, helping organizations to better manage their people, assets and budgeting processes. Its cost-effective solutions complement core accounting systems and are scaleable, supporting Microsoft technology including Windows(R) 95, 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 Microsoft BackOffice. For more information, contact Best Software, Inc. at 11413 Isaac Newton Square, Reston, Va. 20190, call 800/368-2405, or visit http://www.bestsoftware.com. -0- NOTE TO EDITORS: Best! Imperativ Asset Accounting is a trademark and the Best logo is a registered trademark of Best Software, Inc. Windows, Microsoft BackOffice and Windows NT are registered trademarks of Microsoft Corporation (company) Microsoft Corporation - The biggest supplier of operating systems and other software for IBM PC compatibles. Software products include MS-DOS, Microsoft Windows, Windows NT, Microsoft Access, LAN Manager, MS Client, SQL Server, Open Data Base Connectivity (ODBC), MS Mail, . Vertex is a registered trademark and Powered by Vertex Intelligence is a trademark of Vertex Inc. All other trademarks are the property of their respective holders. CONTACT: Best Software, Inc. Susan Lee, 703/709-5200, ext. 3277 Internet: susan_lee@bestsoftware.com or Baron, McDonald & Wells Dianne Rabbitt, 770/492-0373 Internet: drabbitt@bmwpr.com |
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