Boomer Consulting Declares Elite's Integrated Financial Management System Ideal for Accounting Firms.

Business Editors/High-Tech Writers

SAN DIEGO--(BUSINESS WIRE)--Aug. 5, 2003

Elite Delivers on What Accounting Firms Have Been Missing:

Complete Integration of Time and Billing with Internal Accounting

Function, Says Technology Management Consulting Firm

    Who: Elite, a Thomson business, and Boomer Consulting, Inc.

    What: A white paper evaluating Elite's financial and practice
management system for the accounting industry has been published by
Boomer Consulting. The Boomer Advantage: Helping the Best Firms Get
Better -- A Focus on Elite Information Systems discusses the needs of
today's accounting industry and provides a thorough assessment of the
Elite system, including product analysis, strategies for use and
review of system implementation and training.

    When: August 5, 2003.

    Where: The white paper is located on Elite's Web site,
www.elite.com, as well as Boomer Consulting's Web site,
www.boomer.com. For a hard copy version of the white paper, please
contact Molly O'Connor at Elite ([e-mail] or 323-642-5536).

    Highlights:

    --  Explores the benefits for accounting firms of Elite's fully
        integrated financial and practice management system and shared
        database structure, which is used by nine out of top 100
        accounting firms in the United States with interest continuing
        to increase.

    --  Using conservative estimates, Boomer calculates return on
        investment for the average accounting firm using the Elite
        system. According to Boomer, financial benefits include
        increased revenue and an internal rate of return of
        approximately 50 percent that translates into a substantial
        revenue stream.

    --  Defines various deployment options for the Elite system,
        including client-server, web-based and hosted, to assist firms
        in determining which would best meet their requirements.

    --  Full product analysis, which describes each application in the
        Elite system and details how each one benefits accounting
        firms.

    --  Nine of the top 100 accounting firms in the United States are
        now using firm management software from Elite, and interest
        continues to grow. As the white paper concludes, the Elite
        system is ideal for accounting firms seeking full data
        integration and a streamlined suite of applications that share
        a common user interface.