SOURCE: Plans365 Inc.

June 19, 2008 15:24 ET

Spendji.com Launches Budgeting and Planning Web Application for Friends, Families and Groups to Manage Activities, Events and Projects

DETROIT, MI--(Marketwire - June 19, 2008) - Plans365 Inc. announced the launch of Spendji.com, a new web application that enables consumers and groups to plan their spending and manage the details for activities, events and projects through an intuitive online interface.

Individuals, friends, families and organizations, including small businesses and nonprofits, can all use Spendji to meet their needs. Uses could include reunions, trips, vacations, company events, college activities, weddings, school functions, household projects, community gatherings and group meet-ups.

Spendji provides a collaborative environment where everyone can easily participate in the planning process. Using in-house data and integration with third-party APIs, the site helps users determine what their needs and expenses will be for the activity. Payments functionality is also provided via Amazon Payments to help users collect and disburse money.

"Our focus on budgeting and spending guidance is what makes Spendji unique," said Arpan Patel, cofounder and CEO, Plans365. "We give users a head start on planning by making recommendations based on the collective experience of the Spendji community."

Spendji's technology ensures that suggestions get smarter over time, providing increasingly accurate budget guidance as more users are added. "We've developed proprietary algorithms that help us identify best spending and planning practices we can actively promote to benefit our users," said Mark Crawford, cofounder and CTO.

In addition to its budgeting core, Spendji provides a suite of sophisticated, yet simple tools to help users get organized, keep details straight and stay in touch through the activity's successful completion. These include message boards, to-do lists, group polls, document sharing, alerts and reminders.

"Users increasingly leverage the collective wisdom of the Spendji community as it grows, a big advantage at the outset of their activity planning. Plus, keeping information current and clear is difficult when multiple people are involved. Spendji also solves that problem," added Patel.

To sign up for a free Spendji account, visit http://www.spendji.com.

About Plans365 Inc.

Spendji is a product of Plans365 Inc., founded in 2005 and based in Detroit, Michigan and Northern California. Its mission is producing software that leverages the Internet to get people more connected, informed and productive, while helping them make the most of their money. The company is privately held and backed by angel investors.