SOURCE: Sage Software

November 01, 2006 09:00 ET

Sage Software's Sage FAS Solutions Help Hundreds of Nonprofit, Government, and School Organizations Effectively Manage Their Fixed Assets

HERNDON, VA -- (MARKET WIRE) -- November 1, 2006 -- Sage Software announced today that hundreds of nonprofit, government, and school organizations have chosen its Sage FAS Gov and Sage FAS Nonprofit solutions to more easily manage their fixed assets. To date, more than 700 nonprofits and state/local government agencies and municipalities count on Sage FAS products to track, inventory, depreciate, and report on their various fixed assets, from buildings and computer equipment, to automobiles and sprinkler systems. Beginning this week, Sage Software will ship version 2006.1 of the product lines, featuring various ease-of-use enhancements.

"Besides being user-friendly and easy to navigate, Sage FAS Gov helps us more accurately track our fixed assets, and has improved our reporting processes," said Lynne Koski, dean of administrative services for Norfolk, Neb.-based Northeast Community College. "We previously used an in-house software program to manage our nearly 10,000 active fixed assets."

Monica Gargus, controller for Boys and Girls Town of Missouri, a nationally accredited organization providing extensive treatment through various programs for troubled youth with a history of abuse, neglect, severe behavior disorders and psychological problems, said, "Our accounting software vendor does not offer a fixed asset management solution, so we implemented Sage FAS Nonprofit to help us accurately track and report on our 2,000 assets. The software is easy to use, plus Sage Software's training classes are excellent."

Including solutions for asset accounting, asset inventory, and report writing, the Sage FAS Gov and Sage FAS Nonprofit product lines integrate with Sage Software's FAS CIP Accounting solution for organizations needing to better control their capital budgets and streamline capital asset accounting processes.

"We recently switched from a spreadsheet to Sage FAS Nonprofit to track our fixed assets," said Harry Richards, director of operations for the Second Episcopal District of the African Methodist Episcopal (AME) Church in Washington, D.C. "Sage FAS Nonprofit allows us to save time by making it easier to prepare our audit and other reports, and we receive timely updates from Sage Software, so we can feel confident that we are in compliance with the latest rules and regulations."

Barbara Kivlin, director of finance for Legal Aid of NorthWest Texas, a provider of civil legal aid to the low-income community in North & West Texas for more than 50 years, said, "We recently purchased Sage FAS Nonprofit to replace an Access database that currently serves as our fixed asset management system. Since we use Sage Abra HRMS to manage our HR processes, we already have experience with Sage Software. We expect Sage FAS to save us time as it simplifies the process of tracking, transferring and disposing of our 10,000 assets."

For more information about Sage FAS Gov and Sage FAS Nonprofit solutions, or other leading Sage FAS products, please contact (800) 368-2405, or visit www.sagefas.com.

About Sage Software

Sage Software supports the needs, challenges and dreams of more than 2.6 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 international supplier of accounting and business management software solutions and related products and services for small to mid-sized businesses. Formed in 1981, Sage was floated on the London Stock Exchange in 1989 and the Group now has 5.0 million customers and employs over 10,500 people worldwide. For more information, please visit the Web site at www.sagesoftware.com/moreinfo or call (866) 308-2378.

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