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FRx Software Announces Partnership With Symix Systems; Symix and FRx Deliver Visual Financial Reporting to Midmarket Manufacturers.


DENVER--(BUSINESS WIRE)--March 15, 1999--FRx Software Corp., leaders in financial integration and reporting applications for the enterprise, today announced a partnership with Symix Systems, Inc. (Nasdaq:SYMX).

Symix will provide Visual Financial Reporting(TM) from FRx(R) to every Symix SyteCentre(TM) customer. SyteCentre is Symix's new enterprise application suite for midmarket consumer-oriented manufacturers. Symix bundles an FRx Report Server to deliver a simplified approach to complex financial reporting with electronic distribution from a single application.

"We are excited to partner with Symix, which has become a leader in the manufacturing market by delivering market-driven applications and a customer-centric product line. The delivery of high-end financial reporting capabilities is consistent with this leadership role," said Robert Rohan, vice president of strategic alliances for FRx. "With the scalable FRx Report Server configuration that Symix is bundling, SyteCentre customers will enjoy ease of use and distributed processing The first term used to describe the distribution of multiple computers throughout an organization in contrast to a centralized system. It started with the first minicomputers. Today, distributed processing is called "distributed computing." See also client/server.  power to meet their financial reporting requirements."

Symix customers will deploy FRx to create comprehensive, detailed, timely, financial reports for electronic distribution throughout the enterprise. Symix customers can perform in-depth financial analysis using FRx's DrillDown Viewer to access 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.
 data from account to transaction levels.

"We are committed to providing our customers with the business applications they need to succeed in the manufacturing midmarket," said John Mansour, director of SyteCentre and APS product marketing at Symix. "A key part of that commitment and strategy is to identify and team with vendors who can deliver true market-leading innovation and products. We have partnered with FRx, a leader in financial reporting, to deliver some of the most powerful financial reporting and analysis available today."

About Visual Financial Reporting

Visual Financial Reporting from FRx empowers finance and accounting professionals to create timely, sophisticated financial reporting using flexible and visual spreadsheet-like design techniques. FRx applications feature the automatic creation of complex financial reports with rollups through multiple reporting hierarchies. The hierarchies are structured with reporting trees that provide effective dating capability to manage organizational restructuring and consolidation of multiple cost centers, business units and companies, even when data resides in different accounting systems or has different charts of accounts or fiscal years.

Using Visual Financial Reporting, financial executives can integrate data from multiple general ledger sources, as well as non-GL sources, such as spreadsheets, all without the use of a data warehouse. Consequently, reports can provide the most comprehensive and up-to-date view of a company's financial performance, which includes both posted and unposted data. Visual Financial Reporting supports exception and multi-currency reporting.

FRx's Report Server allows for the rapid production and secure, electronic distribution of financial reports to users company-wide who can then utilize FRx's DrillDown Viewer to access general ledger data from account to transaction level. Reports can also be exported to worksheets or printed with presentation quality.

About FRx Software Corp.

Founded in 1994 and headquartered in Denver, FRx Software Corporation produces advanced Visual Financial Reporting software The following is a list of notable reporting software. Commercial software
  • 90 Degree Software
  • Actuate
  • Cognos BI
  • Combit List and Label
  • Crystal Reports
  • DBxtra - Reporting Software
  • i-net Crystal-Clear
  • InetSoft Style Report
 that interfaces directly with more than 30 leading client/server financial systems and is used in over 65,000 sites worldwide. FRx is recognized by Accounting Today as one of the Top 100 Software Companies. FRx Software products are designed by and for CPAs and other financial professionals to build and maintain complex financial reports that support Generally Accepted Accounting Principles The standard accounting rules, regulations, and procedures used by companies in maintaining their financial records.

Generally accepted accounting principles (GAAP) provide companies and accountants with a consistent set of guidelines that cover both broad accounting
 (GAAP GAAP

See: Generally Accepted Accounting Principles


GAAP

See generally accepted accounting principles (GAAP).
). For information about FRx Software's product offerings call 1-800-379-8733 or visit them on the Web at www.frxsoftware.com.

About Symix Systems, Inc.

Symix Systems, Inc. develops, markets and supports integrated enterprise management systems that meet the unique needs of midsize manufacturers. Symix is the originator of Customer Synchronized syn·chro·nize  
v. syn·chro·nized, syn·chro·niz·ing, syn·chro·niz·es

v.intr.
1. To occur at the same time; be simultaneous.

2. To operate in unison.

v.tr.
1.
 Resource Planning Resource planning may refer to:
  • Enterprise resource planning (ERP)
  • Manufacturing resource planning (MRP and MRPII)
  • Distribution Resource Planning (DRP)
  • Human resources (HR)
 (CSRP CSRP Customer Synchronized Resource Planning
CSRP Civil Service Reform Program
CSRP Charter School Review Panel
CSRP Cadet Summer Research Program (USAF Academy)
CSRP Conceptual Stage Relocation Plan
), which extends Enterprise Resource Planning See ERP.

(application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses.
 (ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. ) to incorporate customer needs into manufacturers' central planning processes. CSRP helps manufacturers achieve a competitive advantage by providing value-added, customized products and services to their customers. Every day, over 3,500 customers use Symix software, including its SyteLine enterprise software suite for industrial products markets. Founded in 1979 and headquartered in Columbus, Ohio Columbus is the capital and the largest city of the American state of Ohio. Named for explorer Christopher Columbus, the city was founded in 1812 at the confluence of the Scioto and Olentangy rivers, and assumed the functions of state capital in 1816. , Symix markets its products through sales and service offices in Europe, North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere.  and the Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. , as well as through independent software and support business partners. Symix company and product information is available at http://www.symix.com.
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Mar 15, 1999
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