SOURCE: Sage Software

June 12, 2006 09:40 ET

Peachtree by Sage Premium Accounting for Construction 2007 Is Now Available

New Features Will Help Streamline Operations and Assist With Growth Management

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 version of Peachtree by Sage Premium Accounting for Construction. The latest release includes a new navigation interface, faster access to key information for easier day-to-day operational management and improvements for even simpler set up.

In addition to the new core features, Peachtree Premium Accounting for Construction includes construction-specific functionality with powerful accounting and analysis tools. These features have been designed to help owners of small construction companies and specialty subcontractors better manage their operations.

While the industry-specific functionality in Peachtree Premium Accounting for Construction will appeal to a variety of construction-related trades such as general contractors, HVAC contractors, electricians, roofers, masons and drywall specialists, the significant improvements to navigation within the Peachtree 2007 products offers new options for accessing information and workflow enhancements.

The familiar top pull-down menus are still available, but new side menus have been added and are visible from every screen for faster data access. The addition of these capabilities will make it easier for companies to experience straightforward access to the most common areas within Peachtree. In addition, users are also able to create customized shortcuts for regularly performed tasks.

"With Peachtree Premium Accounting for Construction, we wanted to be sure to address pain points for small construction and construction-related companies," said Dan DeRosa, vice president of product management, Small Business Accounting Solutions, Sage Software. "By including features to help them better manage the various elements of their operations, from sub-contractors to employees, Peachtree Premium Accounting for Construction can assist them with staying on top of all the details, and better forecast for the highs and lows in their industry."

Using Peachtree by Sage Premium Accounting for Construction, small construction-based businesses can track progress billing, calculate labor burden, monitor insurance expiration dates, and companies using an accrual based accounting method can also manage retainage payables and receivables. Additionally, Peachtree Premium Accounting for Construction 2007 comes with Crystal Reports® for Peachtree to provide even greater operational and financial analysis with customized reports.

With Peachtree Premium Accounting for Construction, there is simple start up using the Set up Wizard and guide, and charts of accounts. The new security features, reporting options, Business Status Center(1) and greater integration with Microsoft® Office applications offer small construction companies an accounting package that will help them streamline operations and better manage business cycles to generate positive results.

Security: Peachtree Premium Accounting for Construction provides standard features such as the Internal Accounting Review(2), audit trail and prior period locking. The Screen-Level Password Security provides owners with more control to decide who has access to what information.

Business Status Center: Peachtree Premium Accounting for Construction provides a dashboard that displays 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 measurements and indicators.

Quick access to key data lists: Peachtree Premium Accounting for Construction's new list management features enable users to easily view, drill down, print and e-mail information and records by clicking on entries included in established lists. Peachtree 2007 offers the ability to sort and search up to 25 different types of lists, such as sub-contractors and customers, as well as transactions including invoices and payments.

Integration with Excel®: With more robust options for exporting data, small construction companies 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.

Also new within Peachtree Premium Accounting is the Comparative Budget Spreadsheet Creator that enables owners to save time and avoid data re-keying mistakes by entering a budget into Peachtree spreadsheet view, creating one from actual financials, or importing from Excel.

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.

Growing companies recognize Peachtree as a powerful tool to help them manage current and future growth, and Sage Software offers the assistance they need to manage that growth. As small construction related companies grow and require additional scalability, there is also a clear migration path available for them up to the company's Sage Timberline and Sage Master Builder products.

The Peachtree Premium Accounting line also includes industry-specific versions for accountants, nonprofits, manufacturers and distributors. These industry-specific applications are available in single or multi-user(3) versions. Peachtree Premium Accounting industry-specific solutions are a part of the award-winning Peachtree Accounting product line that includes Peachtree First Accounting, Peachtree Pro Accounting, Peachtree Complete Accounting, and the new Peachtree by Sage -- Quantum, the ultimate, high performance Peachtree solution that supports up to 10 named users(4), and includes support, upgrades and updates in an automatically renewing yearly plan(5).

Pricing and Availability

Peachtree by Sage Premium Accounting for Construction 2007 and the industry-specific solutions for accountants, distribution, nonprofits and manufacturing are now available direct from Sage Software, selected resellers, and hundreds of Peachtree Certified Consultants(6) nationwide. The manufacturer's suggested retail price for Peachtree by Sage Premium Accounting for Construction 2007 single user is $599.99 and for multi-user is $1199.99. High value competitive rebates are available from Sage Software for customers on other small business accounting packages. Call 800-228-0068 for more details.

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) The Business Status Center has replace Peachtree Today in Peachtree Complete Accounting and higher.

(2) Sage Software is not liable or responsible for any fines or penalties that may result from errors in your company accounting records. The Internal Accounting Review is not intended to uncover all questionable transactions.

(3) For multi-user access, you must purchase one single-user box per named user or one Multi-User Value Pack for up to five named users. For greater than five named users, visit www.peachtreequantum.com

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

(5) 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.

(6) 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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