SOURCE: Paragon Computer Solutions and Sage Software

August 09, 2007 09:30 ET

Paragon Computer Solutions Brings Online Expense Management to Peachtree Software Customers

Integration Streamlines Expense Management Process for Small Businesses

NEW YORK, NY--(Marketwire - August 9, 2007) - Paragon Computer Solutions Inc. announced today that they have joined the Peachtree Add-On Program as a Silver Partner, integrating Paragon's TripsWare™ online travel and entertainment expense management reimbursement system with Peachtree by Sage Accounting.

Through this integration, Peachtree customers can leverage their current software investment and extend the program's already rich feature set with detailed expense management, provided through TripsWare online.

"Peachtree appeals to small businesses who are serious about their accounting, and TripsWare will be an invaluable tool for our customers, helping them to maintain better control over their expenses and easily pull that information into their Peachtree accounting software," said Dan DeRosa, vice president, product management, Business Management Division, Sage Software. "We are pleased to introduce TripsWare to our customers so that they can take advantage of a solution that will help them save time and enable effective expense tracking."

Attractive for small to mid-sized firms whose employees submit expense reports on a regular basis, TripsWare automates the expense reporting process, enabling firms to automatically download credit card and out of pocket cash expenses, then allocate and submit reports online. Accounting can then process these reports and easily import all data to Peachtree for automatic account reconciliation and payment processing.

"Many firms underestimate the significant costs of time and inefficiency in having their employees complete manual expense reports or even spreadsheets," said Noel Furniss, principal, Paragon Computer Solutions. "Back office staff members are often overburdened with time consuming duplicate data entry of expenses. TripsWare allows firms to streamline all aspects of their expense reporting cycle, for an immediate return on investment."

In any small business, time is at a premium. With TripsWare online, firms eliminate double data entry, improve speed and accuracy of travel reimbursement and gain real time insight into their T & E spending.

"TripsWare complements our existing procedures, seamlessly integrates with Peachtree and required no downtime for us to implement," said Mark Epstein, managing director- chief financial officer, Tailwind Capital. "Since implementation, TripsWare has automated our expense reporting and allowed our AP manager to process in one hour what previously took her a full day, freeing her up to manage other business-critical tasks."

TripsWare is available as a monthly subscription service. For more information on pricing, contact TripsWare at 914-747-3244 or info@TripsWare.com.

About Paragon Computer Solutions

TripsWare™ is owned and operated by Paragon Computer Solutions, which has been providing business solutions for financial firms since 1997. Paragon's principal and founder is Noel J. Furniss, who worked for five years at Welsh, Carson, Anderson and Stowe, a large Private Equity firm in New York. For more information on TripsWare, please visit the Web site at www.TripsWare.com.

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 international 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.

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