SOURCE: Sage Software

July 20, 2005 10:00 ET

Sage Software and Segment 7 Team to Offer Complete Budget, Obligation, and Fund Accounting Solution for Workforce Development Boards

AUSTIN, TX and WEST PALM BEACH, FL -- (MARKET WIRE) -- July 20, 2005 -- Sage Software and Segment 7 today announced they have entered into a strategic partnership to provide a complete real-time accounting, budget, and obligation information solution for workforce development boards and related service provider agencies. Completely Web-based, Segment 7's Gazelle was designed specifically to provide workforce development boards with a seamless integration to Sage Software's Sage MIP Fund Accounting, as well as a higher level of functionality in tasks related to their organizational needs, including Individual Training Account (ITA) and Support Service Tracking.

As part of the strategic agreement, Segment 7 will add Sage Software's Sage MIP Fund Accounting to its portfolio of product offerings, allowing workforce development boards and related nonprofit customers to acquire both products from a single vendor specializing in their needs.

"Approximately 40% of our transactions are related to training and support services," said Barry Neece, director of finance at Workforce Central Florida, a nonprofit organization committed to engaging the entire community in workforce development, based in St. Mary, Fla. "Each participant activity initiated by our case managers has an accounting impact. Thanks to Sage MIP Fund Accounting and Gazelle, these transactions are recorded automatically and in real-time. We now know exactly where we stand financially at all times."

The Sage MIP Fund Accounting product line, including Sage MIP Government Series and Sage MIP Fund Accounting solutions, are powerful, flexible accounting solutions for nonprofit and government organizations of every size and budget. The products help organizations to track, manage, and report on funds from multiple sources, across multiple budget periods, helping nonprofits thrive and grow.

Working with the Sage MIP Fund Accounting system, the Gazelle solution automatically keeps tabs on every dollar flowing through Participant Accounts. The product feeds necessary information directly into Sage MIP Fund Accounting in real-time, easing the data entry and administration burdens for case managers and administrators. Specifically, Gazelle tracks information at the participant level in Sage MIP Fund Accounting, prevents the issuance of vouchers if funds are not available, and de-obligates and recovers unspent funds from training accounts.

For more information about Sage Software's solutions for nonprofit organizations, please visit www.sagenonprofit.com or contact (800) 647-3863.

About Segment 7

Segment 7 specializes in creating cost-effective, high-return software solutions for government agencies and nonprofit organizations. The company takes pride in identifying challenges and finding solutions. Its Web-based Gazelle solution was designed specifically to work with Sage Software's Sage MIP Fund Accounting family of products, handling many of the tasks related to Individual Training Account (ITA) and Support Service Tracking. For more information, please contact (866) 671-0353 or visit www.segment7.com.

About Sage Software (formerly Best Software)

Sage Software offers leading business management software and services that support the needs, challenges and dreams of more than 2.4 million small and mid-sized business 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 software for accounting, customer relationship management, human resources, time tracking and the specialized needs of accounting practices and the construction, distribution, manufacturing, nonprofit and real estate industries. For more information, please visit the Web site at www.sagesoftware.com/moreinfo or call (866) 308-2378.

© 2005 Sage Software. All rights reserved. The Sage Software logo and the Sage Software product and service names mentioned herein are registered trademarks or trademarks of Sage Software or its affiliated entities.

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