FlexiInternational Announces Major Upgrade to its Entire Suite of Client/Server Financial Applications; New FlexiFinancials Offers Enterprises Significant Enhancements through Optimized, Multi-Database Support; Seamless Integration with Complimentary Solutions; and Improved Information Access.BOSTON--(BUSINESS WIRE)--June 13, 1995--FlexiInternational Software Inc., a leading provider of open, object-oriented client/server financial management systems, today announced major upgrades to FlexiFinancials, its suite of applications. This comprehensive upgrade to FlexiLedger, FlexiPayables, FlexiReceivables, FlexiPurchasing and FlexiAssets offers significant enhancements in three key areas: open, multi-database support; further integration with complementary products and technologies; and improved access. In related announcements made today at Database & Client/Server World, the company introduced the extension of product portability across all versions of IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) DB2, and the expansion of its Strategic Alliance Program."These announcements exemplify FlexiInternational's strategy to provide leading-edge financial applications to the enterprise," said Stefan Bothe, chairman, 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. and founder of FlexiInternational. "This major upgrade of our entire product suite, coupled with the enhanced DB2 support and third party extensions, demonstrates that FlexiInternational is taking advantage of leading market technologies and confirms that productivity gains can be realized through the use of object technologies in the client/server solutions arena." Functional Enhancements Across the Suite Written in Microsoft Visual C++ and based upon the Microsoft foundation classes (programming) Microsoft Foundation Classes - (MFC) Software structures in C++, the Windows base classes which can respond to messages, make windows, and from which application specific classes can be derived. , this product update marks the availability of the first purpose-built, object-oriented client/server financial application suite. Each module of the suite has been enhanced with a set of common productivity features that increase ease-of-use and access to underlying data. Also, with open, multi-database support, FlexiInternational's applications are optimized for each database and operating system operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. to take full advantage of the native platform features and functionality. Realizing that organizations want comprehensive and extendible solutions based upon highly functional core capabilities, FlexiInternational strengthened FlexiFinancial's ability to integrate with third-party applications. This application synergy allows users to reap the benefits of user-friendly features such as sticky notes, image-enabled applications, workflow capabilities and simplified access to underlying data through third-party report writers and spreadsheet add-ins. Using these functions, users can easily add and retrieve data from FlexiFinancials and present the information using desktop applications such as Microsoft Excel (tool) Microsoft Excel - A spreadsheet program from Microsoft, part of their Microsoft Office suite of productivity tools for Microsoft Windows and Macintosh. Excel is probably the most widely used spreadsheet in the world. Latest version: Excel 97, as of 1997-01-14. . With a new common user interface, FlexiFinancials applications promote user productivity by offering more efficient and intuitive operations within any application. As part of the user interface enhancements, the applications include features such as tree formatting, enhanced search options and user-defined reports, tab dialog boxes, increased functionality in defining and utilizing user defined fields, and an upgraded foreign currency component that allows multinational companies concurrent processing See multiprocessing. Concurrent processing The simultaneous execution of several interrelated computer programs. A sequential computer program consists of a series of instructions to be executed one after another. and reporting in multiple currencies. "The number one reason companies move to client/server is to improve end-user access to information," said Clare Gillan, director of Applications Research at International Data Corporation. "FlexiInternational uses the latest technologies to deliver a highly productive solution to this common end-user requirement." Application Enhancements Each module within the FlexiFinancials suite has also been enhanced for optimal performance. The individual enhancements follow. o FlexiLedger features improved drill-down capabilities to view supporting detail information from other FlexiInternational modules; user-defined balance types with unlimited support for accounting methods such as accrual, cash, combined and user defined Any format, layout, structure or language that is developed by the user. , average daily balance support; improved structure definition via rules to enforce interrelated in·ter·re·late tr. & intr.v. in·ter·re·lat·ed, in·ter·re·lat·ing, in·ter·re·lates To place in or come into mutual relationship. in account structures; and additional mass account operations to allow a user to enable, disable, etc. a range or ranges of accounts. o FlexiPayables includes enhanced check reconciliation; enhanced vendor relationships to provide a hierarchy and grouping of vendors; improved electronic fund transfer; enhanced payment control to present additional user options and purchase order to invoice matching. o FlexiReceivables has cash receipts and cash application functions available at the invoice line item detail level; unlimited customer structure; account masks to provide flexibility when determining the proper accounts receivables, adjustment, sales, etc.; 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. account; enhanced skeleton invoices to provide extended support for recurring invoices and installment programs; and automatic rules-based cash application function. o FlexiPurchasing provides requisition tracking and merging into purchase orders; purchase order tracking; standard order support and blanket order A blanket order is defined as an order the customer makes with its supplier which contains multiple delivery dates scheduled over a period of time, sometimes at predetermined prices. It is normally used when there is a recurring need for expendable goods. support; Request For Quotation A Request for Quotation (referred to as RFQ) is a standard business process whose purpose is to invite suppliers into a bidding process to bid on specific products and/or services. An RFQ typically involves more than the price per item. (RFQ RFQ Request For Quote RFQ Request For Quotation RFQ Request for Qualifications (part of a potential client's preliminary selection process) RFQ Radio Frequency Quadrupole (accelerator technology) ) tracking and response comparison; and improved interface to Inventory Management systems. o FlexiAssets has unlimited depreciation books; pre-defined and user-defined depreciation schedules; multiple scanned images per asset; and component tracking. "We chose object-oriented client/server solutions with the intention of empowering our end-users," said Ed Harding, Director, Systems Development at Wheels, Inc. "The development of the FlexiFinancials suite reinforces our decision because key enhancements such as common look-and-feel and third-party application support allow our users to better navigate through each product in the suite while still being able to utilize underlying enterprise data." Pricing and Availability FlexiFinancials application modules are currently available and range in price from $75,000 to $125,000 based upon volume and type. System Requirements FlexiFinancials client hardware requirements include an Intel 386 or higher, Microsoft certified PC, 8 MB RAM (16 MB recommended) and 350 MB hard disk for current product suite. FlexiFinancials run across a broad range of database and operating system environments. Supported client operating systems include Microsoft Windows, Windows for Workgroups A version of Windows 3.1 introduced in 1992 that added peer-to-peer networking. See Windows. (operating system) Windows for Workgroups - (WFW, WFWG) A version of Windows 3.1 which works with a network. Although stand-alone 3. , Macintosh, Win OS/2 and OS/2 Warp. FlexiFinancials will support native Microsoft Windows 95 and Sequel 6.0 within 60 days of their availability. Server hardware requirements include NT Server, UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). (RS/6000, DEC, HP9000, Sun), IBM AS/400, Novell Server, OS/2 or IBM MVS (Multiple Virtual Storage) Introduced in 1974, the primary operating system used with IBM mainframes (the others are VM and DOS/VSE). MVS is a batch processing-oriented operating system that manages large amounts of memory and disk space. Mainframe. Network Protocol requirements include Novell Netware (IPX/SPX See IPX. ), LANWorkPlace (TCP/IP TCP/IP in full Transmission Control Protocol/Internet Protocol Standard Internet communications protocols that allow digital computers to communicate over long distances. ), Microsoft LANManager (NetBEUI), IBM LANServer (NetBIOS) or UNIX. FlexiInternational Software Inc., founded in 1991, is a privately-owned company based in Shelton, Connecticut with eight offices nationwide. FlexiInternational Software Inc. develops, markets, services and sells the FlexiFinancials family of client/server financial applications to organizations with sophisticated accounting needs. FlexiFinancials application modules include FlexiLedger, FlexiPayables, FlexiReceivables, FlexiAssets, and FlexiPurchasing. FlexiInternational also markets its FlexiDeveloper tool set to its customers and development partners. FlexiInternational Software is dedicated to providing accounting software optimized for distributed client/server environments. CONTACT: Peter A. Morgan Lisa Nold or Katie Marco FlexiInternational Lois Paul & Partners (800) 353-9492 or (617) 862-4514 PeterM@flexi.com Lisa_Nold@LPP LPP Legitimate Peripheral Participation (community of practice) LPP Liberian People's Party (Liberia) LPP Leak Point Pressure LPP Land Partnership Plan LPP Lean Premixed Prevaporized .com Katie_Marco@LPP.com |
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