Computer Associates International Ships Internet-Enabled Masterpiece/Net; Prestige Software International Charts New Course for Enterprise Financial Management.ISLANDIA, N.Y.--(BUSINESS WIRE)--Nov. 10, 1997--Computer Associates International, Inc. (NYSE NYSE See: New York Stock Exchange :CA), a world leader in business software, today announced that it has shipped Masterpiece/Net, an Internet-enabled version of the Masterpiece financial management suite. CA is also changing the name of its business unit known as Enterprise Financial Management Group to Prestige Software International -- a division of Computer Associates. Masterpiece/Net offers a new visual financial management approach, integrates with CA's enterprise management technologies and allows access to all Masterpiece/Net functions using any Java-based browser. It is Year-2000 compliant and supports the European and Monetary Union (EMU emu or emeu (both: ē`my  ), common name for a large, flightless bird of Australia, related to the cassowary and the ostrich. ) regulations as known today. EMU countries will link currencies in January 1999 and replace all currencies with a standard unit (euro) in July 2002. CA's name change of the Enterprise Financial Management Group business unit to Prestige Software International symbolizes CA's strategy to strengthen its presence further in the enterprise-level financial management software market. A new logo and identity will accompany the new name. "Prestige captures the message of excellence and quality we want to convey to both existing and future clients in a global market," said Sanjay Kumar For the Indian soldier, see . Sanjay Kumar (born Colombo, Sri Lanka, 1962) was the Chairman & CEO of Computer Associates International (now CA, Inc.), until April 2004. He emigrated with his family to the US in 1976 to escape civil unrest in his native Sri Lanka. , 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. of Computer Associates International, Inc. "Computer Associates is strongly committed to moving Prestige Software International into the next millennium." Euro Ready The euro requires more than the support of two functional currencies simultaneously. Masterpiece/Net's 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. has provided this functionality for years. The key to EMU-compliance is the support of the "triangulation triangulation: see geodesy. The use of two known coordinates to determine the location of a third. Used by ship captains for centuries to navigate on the high seas, triangulation is employed in GPS receivers to pinpoint their current location on earth. " method which is required by the European Commission European Commission, branch of the governing body of the European Union (EU) invested with executive and some legislative powers. Located in Brussels, Belgium, it was founded in 1967 when the three treaty organizations comprising what was then the European Community and mandates that conversions between participating and non-participating currencies be done via the euro. Masterpiece/Net is the only corporate software package that supports the "triangulation" method of currency conversion. "Prestige Software has come to life with a bang. Of those financial management solution suppliers contesting for enterprise-class business, Prestige has distinguished itself with its commitment to post-client-server technology and architecture," said Ed Black, director of the Aberdeen Group's enterprise business applications practice. "Masterpiece/Net's network-centric architecture, exploitation of Java-based Internet distribution and highly intuitive visual user interface will go far in extending financial management across the enterprise -- and beyond to trusted trading partners -- in a manner that is cost-effective and easy for non-financial management professionals to use." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. David E. Anderson, chief information officer at Kaman Sciences (KSC KSC Kennedy Space Center KSC Keene State College (New Hampshire) KSC Kagoshima Space Center KSC Karlsruher Sportclub (Karlsruhe, Germany) KSC Korean Service Corps ), 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 Kaman Corporation of Bloomfield, Conn., "The ideal financial management solution requires security, control, simplicity and tolerance of a changing user environment that only an Internet solution provides. The Web-enabled release of Masterpiece/Net is more than just what Kaman Sciences needs. It is what every company needs to embrace changes in technology effectively while efficiently bringing applications onto the user's desk." Masterpiece/Net is a comprehensive, integrated financial management solution developed to accommodate the multiorganizational, multinational and multicurrency needs of organizations worldwide. Masterpiece/Net includes consolidation, general ledger, accounts payable, accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying , fixed assets fixed assets npl → activo sg fijo fixed assets npl → immobilisations fpl fixed assets fix npl → , purchasing, fund accounting, inventory control, job cost and labor distribution, and powerful query, reporting and analysis tools. The product is developed and marketed by Prestige Software International. About Prestige Software International Computer Associates' Prestige Software International, formerly Enterprise Financial Management Group, is responsible for the development, support, marketing and sales of CA's financial management and human resource management business solutions. CA's Prestige Software International is dedicated to delivering enterprise financial management solutions that meet the evolving needs of worldwide businesses in a multitude of platforms and operation environments. Prestige Software International can be reached by visiting ca-masterpiece.com . About Computer Associates International, Inc. Computer Associates International, Inc. (NYSE:CA), with headquarters in Islandia, is the world leader in mission-critical business software. The company develops, licenses and supports more than 500 integrated products that include enterprise computing Refers to information technology in the larger company. See enterprise data and enterprise networking. and information management, application development, manufacturing and financial applications. CA has over 10,000 people in 160 offices in 40 countries and had revenue of $4 billion in fiscal year 1997. CA can be reached by visiting http://www.cai.com on the World Wide Web, emailing info@cai.com or calling 516/342-5224. CONTACT: Prestige Software International Laura Hills, 201/592-0009 hilla02@cai.com or Strategy Associates Jeanie Orr, 518/372-1666 jeanieorr@worldnet.att.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion