SOURCE: Sage Software

June 13, 2005 09:00 ET

Sage Software Introduces Peachtree by Sage 2006

Dozens of Enhancements and New Features Include Online Banking, Bill Pay Capabilities and Additional Industry-Based Versions to Provide Small Businesses With Greater Control of Business Data

ATLANTA, GA -- (MARKET WIRE) -- June 13, 2005 -- Sage Software today announced the availability of the Peachtree by Sage 2006 line, designed to help small businesses efficiently manage and streamline their accounting and business management operations. The new release of the Peachtree 2006 line includes a series of electronic or online transaction management features plus unique new accounting controls that help small businesses improve auditing ability of their data.

The Peachtree 2006 product line offers an enhanced feature set including new functionality such as online bank reconciliation and the new Peachtree Bill Pay feature. Also being introduced is a new Internal Accounting Review feature, an audit style tool that gives small businesses even greater control of their business data. The Peachtree 2006 line includes versions for general businesses, as well as industry-specific software for accountants, manufacturers and distributors, along with two new solutions for the construction and nonprofit industries.

New highlights in Peachtree 2006 include:

--  Peachtree Bill Pay(1): Small businesses now have the ability to pay
    bills electronically from within Peachtree without the need to switch
    banks. Payments are transferred from the businesses' financial institutions
    to the payee on the date specified using the Automated Clearing House (ACH)
    network.
--  Online Banking(2): Reduces the time it takes for small businesses to
    reconcile their bank accounts by downloading bank statements into
    Peachtree.
--  Internal Accounting Review(3): Small businesses can use the Internal
    Accounting Review to run up to 15 checks at any time on their Peachtree
    data. Look for suspicious transactions and common accounting mistakes such
    as duplicate transactions and cash receipts that do not debit the correct
    general ledger cash account.
--  Better Business Management with Enhanced Reporting: Five new reports
    enable businesses to better manage their receivables, payables, assemblies,
    transactions and customer invoices.
    
Peachtree accounting products have been serving the business management needs of small businesses for nearly 30 years, providing powerful accounting and operations management features including tight integration with Microsoft Excel, and comprehensive report functionality.

"We've expanded the Peachtree line to ensure the 2006 version meets our customers' needs and expectations in ease of use, integration with associated products and services, and support for industry-specific requirements," said Jim Portner, vice president of product management, Best Software Small Business Division. "Unlike products just entering the market, the new functionality in Peachtree 2006 continues to offer flexibility and encourages savings in time and resources for small businesses, while strengthening their bottom line."

Pricing and Availability

Peachtree Premium Accounting 2006, Peachtree Complete Accounting 2006, Peachtree Accounting 2006 and Peachtree First Accounting 2006 are available direct from Best Software and from most computer retailers and office supply stores. The suggested retail price for Peachtree Premium Accounting 2006 is $499.99, Peachtree Complete Accounting 2006 is $299.99, Peachtree Accounting 2006 is $199.99 and Peachtree First Accounting 2006 is $99.99. The Multi-User Value Pack (5 seat license) of Peachtree Complete retails for $699.99, while the Peachtree Premium Accounting 2005 Multi-User Value Pack (5 seat license) can be ordered direct from Best Software for $999.99.

Also available direct from Best Software are Peachtree Premium Accounting for Manufacturing 2006, Peachtree Premium Accounting for Construction 2006, Peachtree Premium Accounting for Distribution 2006, Peachtree Premium Accounting for Nonprofits 2006 and Peachtree Premium Accounting 2006 -- Accountants' Edition, as well as the Multi-User Value Pack (5 seat license) for each of these industry specific solutions.

Rebates are available for current Peachtree and select competitive customers. All Peachtree 2006 products come with 30 days of free technical support and a 60-day, full money-back guarantee for first-time Peachtree customers. Functionality varies by product. For more information on these and other available products and services or to order directly from Best Software, call 800-228-0068 or visit www.peachtree.com.

About Sage Software (formerly Best Software)

Sage Software offers leading business management products and services that support the needs, challenges and dreams of more than 2.4 million small and mid-sized customers in North America. Its parent company, The Sage Group plc (LSE: SGE.L) supports 4.5 million customers worldwide. For more than 25 years, Sage Software has delivered easy-to-use, scalable and customizable applications through its portfolio of leading brands, including Abra, ACCPAC, ACT!, BusinessWorks, CPASoftware, FAS, MAS 90, MAS 200, MAS 500, MIP, Peachtree, SalesLogix and Timberline Office, among many others. For more information, please visit the Web site at www.bestsoftware.com/moreinfo or call (866) 308-BEST.

© 2005 Best Software SB, Inc. All rights reserved.

1 Subject to approval and to Sage Software terms of service. Additional fees, Internet access and checking account required.

2 Internet access required. See www.peachtree.com/banks for a current list of supported banks, which is subject to change. Your bank may charge a fee to download statements.

3 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.

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