SOURCE: Sage Software

November 20, 2007 14:37 ET

New Sage MIP Fund Accounting Eases Financial Management for Nonprofits and Governments With Improved Functionality and Streamlined Navigation

AUSTIN, TX--(Marketwire - November 20, 2007) - Sage Software today announced general availability of Sage MIP Fund Accounting, version 9.0, the latest version of its award-winning accounting software for nonprofit financial management. Enhancements to the product include: new tax forms and eFiling by Aatrix®, new recurring and reversing entry management functionality, enhanced fixed assets tracking and reporting, streamlined navigation and enhanced user interface, and additional payroll, accounts payable, accounts receivable, and reporting functionality. For 25 years, Sage MIP Fund Accounting has been helping nonprofit and government organizations of all sizes track and report on multiple funds, across multiple budget periods; plan and manage budgets; maximize grants; and produce accurate, customized reports.

"The latest release of Sage MIP Fund Accounting includes several features, such as an easier-to-navigate interface and the Recurring and Reversing Entry Manager, that we told Sage Software would simplify our accounting processes," said Rebecca Trevino, CPA, director of administration for The Railroad Commission (RRC) of Texas, an Austin, Texas-based regulatory organization. "We have been a Sage customer since 1996, because Sage MIP Fund Accounting is an outstanding fund accounting package. The software can handle any government structure that I have encountered."

Krista Endsley, senior vice president and general manager for Nonprofit Solutions at Sage Software, said, "Sage MIP Fund Accounting, version 9.0, features stronger core functionality, while preserving the stability and reliability expected by our loyal nonprofit and government customers. This release debuts the product's new user interface, and offers more tools designed to save time and effort for customers at all experience levels."

New Version 9.0 Features

--  New tax forms and eFiling by Aatrix® enables users of the Payroll
    module to quickly and easily produce W-2 and W-3 forms for employees, or
    eFile federal and state reports.  Users can also review and file more than
    250 federal and state tax forms and payments, which are automatically
    completed with their payroll data.
    
--  Streamlined navigation and an easier-to-navigate interface enhance the
    user experience.
    
--  New Recurring and Reversing Entry Manager can help save users time by
    allowing them to set up, edit, and manipulate repeat entry tasks.
    
--  Enhanced tracking and reporting capabilities in the Fixed Assets
    module can help strengthen users' audit trails.
    

Additional payroll, accounts payable, accounts receivable, and reporting functionality, as well as audit controls were added to Sage MIP Fund Accounting.

"The new Recurring and Reversing Entry Manager will go a long way in making our repetitive processes easier and faster," said Trevino. "It expedites many of the data entry functions, thereby enabling us to process more transactions with fewer staff."

First introduced in 1982, Sage MIP Fund Accounting continues to boast a strong, loyal customer base, with a current customer loyalty rate of 94 percent. Over the years, the software has been honored with numerous awards, including perfect five-star product reviews from top accounting industry publications, such as CPA Technology Advisor, and a 2005 Campbell Award from Campbell Rinker for exceptional ratings in the Nonprofit Accounting Software Survey, a nationwide survey of accounting software users.

Sage MIP Fund Accounting, version 9.0, is available now from Sage Software and its certified business partners. For more information about that product, or other Sage Software solutions for nonprofit and governments, please visit www.sagenonprofit.com or call 800-647-3863.

About Sage Software

Sage Software supports the needs, challenges and dreams of nearly 2.8 million small and mid-sized business customers in North America through easy-to-use, scalable and customizable software and services. Our products support accounting, operations, customer relationship management, human resources, time tracking, merchant services and the specialized needs of the construction, distribution, healthcare, manufacturing, nonprofit and real estate industries. Sage Software is a subsidiary of The Sage Group plc, a leading global supplier of accounting and business management software solutions and related products and services for small and mid-sized businesses. Formed in 1981, Sage was floated on the London Stock Exchange in 1989 and the Group now has 5.4 million customers and employs over 13,000 people worldwide. For more information, please visit the Web site at www.sagesoftware.com/moreinfo or call (866) 308-2378.

© 2007 Sage Software, Inc. All rights reserved. Sage Software, the Sage Software logo and the Sage Software product and service names mentioned herein are registered trademarks or trademarks of Sage Software, Inc. or its affiliated entities. All other trademarks are the property of their respective owners.

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