SOURCE: Sage Software

June 12, 2006 09:35 ET

New and Improved Peachtree by Sage 2007 Is Now Available for Small Businesses

New Interface, Features Designed and Approved by Customers

ATLANTA, GA -- (MARKET WIRE) -- June 12, 2006 -- Sage Software announced today the availability of the Peachtree by Sage 2007 product line, which includes the new Peachtree by Sage - Quantum edition, a high performance solution which supports up to 10 named users, and includes free support and upgrades in an automatic annual renewal plan.

Through the assistance of small businesses as part of the new Customer-Connected Design Center at Sage Software, the new Peachtree 2007 product line has been significantly enhanced to provide faster access to key information for easier day-to-day operational management, and includes a new navigation interface. The new Peachtree navigation interface and Peachtree Quantum were recently unveiled during the Sage Software annual Insights partner event.

"With the help of our small business customers, we have designed our 2007 product line to improve the user experience significantly while maintaining the accuracy and control for which Peachtree is known. The new Peachtree is only the beginning of our journey to refine our business applications to meet the unique needs of small businesses, bringing them easy access to strategic information and improved workflow," said Connie Certusi, general manager, Small Business Accounting Solutions, Sage Software.

More than 150 small business owners participated in usability and design studies conducted by the Sage Software in-house Customer-Connected Design Center. Included in this information gathering process were Peachtree customers, small businesses that utilize paper and pencil to manage accounting, and customers of competing accounting software packages. The net result is a product that works the way small businesses do, and provides them with ease-of-use without cutting corners in critical areas.

"It's hard to believe, but 2 million PC-owning small businesses in the United States are still not using accounting software, and many companies are using packages that they have long outgrown," said Merle Sandler, senior analyst, SMB and Home Office Research at IDC.

Sandler also noted that the latest generation of enhanced products like Peachtree will appeal to both new and existing customers, and the new Peachtree Quantum for growing small businesses will likely be a popular extension of the Peachtree product line.

Navigation within the Peachtree 2007 products has been significantly improved with new access and workflow enhancements. While familiar top pull down menus are still available, new side menus have been added and are visible from every screen for faster data access. With the addition of these capabilities, customers will experience straightforward access to the most common areas within Peachtree, such as Customers, Vendors, Inventory, Employees, Reports, and others. In addition, users are also able to create customized shortcuts for regularly performed tasks.

"Peachtree 2007 is amazing! The information is right there at your fingertips," said Paula Gilliland, Physimetrics, Inc. and Peachtree customer.

In addition to the new navigation, the results of the collaboration between Sage Software and participating small business customers can be seen in features such as the new Business Status Center and tighter integration and workflow with Microsoft® Office applications.

The Business Status Center(1) is a dashboard that provides critical, real-time information about the health of the business. With eight informational sections available, the Business Status Center is customizable by user and provides instant access to an integrated view of key business measurements and indicators. From this dashboard, small businesses can quickly gain insight as to who their most profitable customers are, what bills need to be paid and what is owed to them, as well as many other indicators for their business.

Peachtree 2007 also features enhanced integration with Microsoft Office, adding more powerful links with Excel® and Outlook® to the existing Office integration technologies built into the product since 1999.

Integration with Excel: With more robust options for exporting data, small businesses will be able to export Peachtree report layouts into Excel that include both the formulas for calculated values, and the report formatting, as well as the option to retain viewing capabilities such as freeze pane, auto-filtering and report headers.(2)

Outlook Contact synchronization: This feature synchronizes vendor, customer and employee contacts in Peachtree with those in Outlook, so that contact information will only need to be entered once. A dynamic synchronization process within Peachtree 2007 will keep this contact information up to date.

Additional customer-requested time-saving features(2) in Peachtree 2007 include:

--  Custom Fields for Report Filtering:  Small businesses can run more
    meaningful reports, categorized by criteria specifically important to their
    business.
--  Simplified Access to Key Lists: At a glance, small businesses will be
    able to view key information, such as invoices and payments, from 25
    different lists, with the ability to easily sort and search on lists of
    customers, vendors and transactions.  With just a single click on a list
    entry, all information pertaining to that list will be displayed.
--  Print-n-Sign Tax Forms(3):  With a subscription to the Peachtree
    Payroll Tax Update Service, small businesses can now print payroll tax
    forms on plain paper, eliminating the need to load and align pre-printed
    paper forms with data output. This enhancement includes over 180 state
    forms for all 50 states.
--  Recurring Transactions with Year End Rollover:  Small businesses will
    be able to set up recurring transaction amounts and frequencies, such as
    monthly rent, and have Peachtree manage the recurrence, including
    continuation into a new year.
--  Comparative Budget Spreadsheet Creator:  With this enhancement,
    budgets will tie directly to transactions in Peachtree, so small businesses
    can compare past, present and future budget scenarios.  Budget creation
    screens will look and behave like Excel spreadsheets, saving time and
    avoiding mistakes by eliminating the need to re-key budget data from one
    application into another.  Budgets can also be created by using historical
    financials from within Peachtree, or can be imported from an Excel
    spreadsheet.
--  Change Job IDs:  Will allow small businesses to change the assigned
    lookup IDs for Jobs, Phases and Cost Codes at any time, even after they
    have been used within Peachtree.  This will facilitate edits to existing
    IDs to better match business needs without requiring the user to start over
    from the beginning.
    

The award-winning Peachtree Accounting product line includes:

--  Peachtree by Sage First Accounting, for small start-ups or those
    automating for the first time;
--  Peachtree by Sage Pro Accounting(4), for those who need more general
    accounting functionality. This product also will be available at major
    retailers this year in a Total Care edition(5), which will include a year's
    worth of support, a 2008 Peachtree Pro Accounting upgrade and a bonus offer
    of 3 months free processing with Peachtree Payroll Service(6).
--  Peachtree by Sage Complete Accounting and Peachtree by Sage Premium
    Accounting, for growing small businesses who need capabilities such as
    stronger inventory management, time & billing and job costing.  Both
    Peachtree by Sage Complete Accounting and Peachtree by Sage Premium
    Accounting offer multi-user capabilities.  Additionally, Peachtree by Sage
    Premium Accounting is available in vertical industry versions for
    Accountants, Construction, Manufacturers, Distributors, and Nonprofits.
--  New this year will be Peachtree by Sage - Quantum, the ultimate, high
    performance Peachtree solution which will support up to 10 named users(7),
    and will include support, upgrades and updates in an automatically renewing
    yearly plan(8).
    
Pricing and Availability

Peachtree Premium Accounting 2007, Peachtree Complete Accounting 2007, Peachtree Pro Accounting 2007 and Peachtree First Accounting 2007 are now available direct from Sage Software and most computer retailers and office supply stores in early July. The suggested retail price for Peachtree Premium Accounting 2007 is $499.99, Peachtree Complete Accounting 2007 is $269.99, Peachtree Pro Accounting 2007 is $169.99, Peachtree Pro Total Care Edition is available for $369.99 and Peachtree First Accounting 2007 is $69.99. The Multi-User Value Pack (5 seat license) of Peachtree Complete Accounting retails for $699.99, while the Peachtree Premium Accounting 2007 Multi-User Value Pack (5 seat license) can be ordered direct from Sage Software for $1099.99. High value competitive rebates are available from Sage Software for customers on other small business accounting packages. Call 800-228-0068 for more details.

Also available direct from Sage Software and from hundreds of Peachtree Certified Consultants(9) nationwide as well as selected resellers are the new Peachtree -- Quantum 2007, Peachtree Premium Accounting for Manufacturing 2007, Peachtree Premium Accounting for Construction 2007, Peachtree Premium Accounting for Distribution 2007, Peachtree Premium Accounting for Nonprofits 2007 and Peachtree Premium Accounting 2007 -- Accountants' Edition. The Multi-User Value Pack (5 seat license) is available for each vertical industry specific solution. Peachtree Quantum supports up to 10 named users, and is designed for companies that are outgrowing the capabilities of the Peachtree Accounting line and the Peachtree Premium vertical industry solutions.

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 accounting practices and the construction, distribution, 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.

1 - Not available in Peachtree First Accounting or Peachtree Pro Accounting

2 - All features not available in all versions. Please visit www.peachtree.com for more information.

3 - Federal tax forms included are 940, 941, 941b, 943, 945, W-2, W-3 and over 180 state forms. Requires subscription to the Peachtree Payroll Tax Update Service. Additional fees required. Print-n-Sign tax forms are not compatible with dot matrix printers.

4 - Formerly known as Peachtree by Sage Accounting

5 - Product must be registered by May 31, 2008 to receive the 2008 full product upgrade and the 12 months of support. Upgrade will be Peachtree Pro Accounting or equivalent product. Sage Software reserves the right to limit support calls to 1 hour or 1 incident. Sign up for Peachtree Payroll Service is required within 90 days of registration in order to receive 3 months bonus offer. Subject to approval. Internet access and credit card required.

6 - 3 months of processing fees includes tax table updates, federal, state, and local payroll deposits and filings, standard payroll reports, integration with Peachtree, toll-free customer service, and one state filing. Peachtree Direct Deposit and W-2 processing not included.

7 - Subject to the terms of the End User License Agreement. A maximum of 10 licensed users are allowed. Only the first 10 named users selected in the user maintenance screen are considered licensed named users.

8 - Your Peachtree Quantum Signature Care Plan (which includes product upgrades, product updates and customer support) will be renewed automatically each year on the anniversary date of your purchase unless you terminate your agreement prior to that date. Renewal is not required for continued access to product updates.

9 - Sage Software is in no way liable or responsible for any claims made related to services provided by third party vendors.

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