Jenzabar Amplifies Value of Popular ERP System; Jenzabar EX 2.1 Includes Functionality for Managing Fixed Assets and Administering In-house Loan Programs.

CAMBRIDGE, Mass. -- Jenzabar, Inc., the pioneer of Total Campus Management (TCM) solutions for higher education, today announced the latest release of major new functionality in its popular Jenzabar EX ERP system. Jenzabar EX 2.1, the first release of Jenzabar EX version 2, delivers a new Fixed Assets module and in-house loan processing functionality. With the addition of comprehensive Fixed Asset management capabilities, Jenzabar EX users can extend their Total Campus Management practices to include proper accounting, classification and tracking of their physical assets thereby allowing administrators to make better financial decisions, minimize risk, maximize revenue and improve the overall process of managing institutional assets. Additional in-house loan processing tools give administrators a better handle on managing receivables connected with institution-administered loans. These enhancements to Jenzabar EX also provide administrators with a more complete picture of an institution's overall financial performance.

It has been estimated that fixed assets represent approximately 80 percent of the total assets of American colleges and universities. There is concern, however, that many of these assets are not being properly managed or accounted for within institutions' financial systems. Administrators must not only account for physical assets' depreciation, maintenance and replacement costs, but also revenue generated by physical assets through usage or disposal. Most colleges and universities are also required to produce reports of their physical assets in order to justify and apply for federal government overhead cost recovery. The lack of an integrated system to track and manage these assets can limit an institution's ability to recover costs. The Jenzabar EX Fixed Asset Module delivers the solution to these issues.

Fixed asset management has been highly anticipated by United Tribes Technical College, which offers Associate of Applied Science programs geared toward the economic, social, and cultural advancement of Native American families. Located in Bismark, North Dakota, UTTC had been tracking assets through a manual process that was not integrated with its financial and administrative systems. "Jenzabar's ongoing commitment to providing enhanced functionality in its ERP systems is key to their excellent vendor relationship with United Tribes Technical College," said Vernon Anderson, the College's Contracts and Grants Manager. "The Fixed Asset management functionality will allow us to further leverage the Jenzabar EX system and provide our business officers with a more complete financial picture of the College. It will also save a lot of time and energy in their reporting," he added.

Jenzabar EX also addresses another mounting complexity in higher education financial management - the growing use of alternative financing. With the decline in available Federal monies for financing higher education, there has been a commensurate increase in university-administered and third party loans. Jenzabar EX's in-house loan processing functionality allows institutions to manage loan payout and repayment plans through their ERP system, further extending the value of their Total Campus Management solution. The In-house loan processing functionality lets institutions create, disburse, and receive payments on loans, enabling an institution to quickly service loans sourced from within the institution. The result is improved services for its constituents.

The ability of faculty and administrative staff to easily access comprehensive, real-time information is primary to the Jenzabar EX solution. EX stores all administrative information on a single integrated database, eliminating the need to enter data more than once--and eliminating the concern that administrators may be using outdated or incomplete information. The Fixed Assets module integrates seamlessly with Accounts Payable and General Ledger, helping maintain adherence to institutional policies and procedures for asset management. Users can manage fixed asset lifecycles from acquisition to disposal with the ability to track, maintain and process depreciation of assets. The Fixed Asset module also supports GASB 34 and FASB 93 Compliance for reporting assets. The in-house loan management functionality allows payment plans to be integrated with Accounts Receivable, payroll deductions for payments of employee loans, distribution of in-house loans via the Financial Aid Interface, and enhanced payment plan reporting.

"The release of these enhancements to Jenzabar's EX platform is a wonderful example of how the market shapes our product development," said Robert A. Maginn, Chairman and CEO of Jenzabar, Inc. "Total Campus Management is predicated upon close working relationships with our customers, understanding their needs, and providing them with tools that improve the delivery of information and services to their constituents. The latest release of Jenzabar EX is another example of how well Jenzabar listens to and learns from several hundred highly knowledgeable institutions of Higher Education."

Jenzabar's Total Campus Management (TCM) framework meets the unique business needs of higher education with a comprehensive approach to software and services, from a front-end campus portal to fully integrated, functionally-rich enterprise systems. Each custom-tailored TCM solution is built from Jenzabar's integrated ERP, campus intelligence, Internet portal, and constituent relationship modules. Total Campus Management offers colleges and universities Jenzabar's i3 advantage--integrated, intelligent, and Internet-based solutions--to help manage the demands of the 21st-century campus.

About Jenzabar, Inc.

Jenzabar, Inc. is a leading provider of enterprise software and services developed exclusively for higher education. With more than 30 years' of combined experience offering technology solutions to colleges and universities, Jenzabar is the trusted partner of choice to 700 campuses worldwide, including private liberal arts, state, and community colleges and business, medical, law and other graduate schools. Jenzabar is headquartered in Cambridge, Massachusetts, with regional offices located across the United States. For further information, please visit www.jenzabar.net.

Jenzabar, Jenzabar.com, i3 and Total Campus Management are trademarks or registered trademarks of Jenzabar, Inc. All other company/product names and service marks may be trademarks or registered trademarks of their respective companies.