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Time/Cost Savings Features Of Financial Solutions

Time And Cost Savings Key Features Of New Pure Financial Solution

A fully integrated suite of financial modules that provides all the functionality of larger ERP solutions but at a significantly lower investment of time and cost, has just been released into the New Zealand Market by New Zealand's QED Software Limited in partnership with OpenAccounts UK.

OpenAccounts Financials offers a pure financials solution that will support large end user populations, transaction volumes and the scalability required ensuring an appropriate match to customer needs.

The system was the winner of the Best Corporate Business Software award from the Business and Accounting Software Developer's Association (BASDA) in 1997. Its 450 customers worldwide, including the Institute of Chartered Accountants in England and Wales (ICAEW) are vociferous in their praise of the implementation time and cost savings OpenAccounts offers.

With 17 modules, OpenAccounts Financials offers a breadth and depth of functionality which will satisfy all the needs of medium and larger sized organisations and, which can be extensively customised to meet individual requirements within the framework of a standard package. OpenAccounts operates using the latest Client/Server technology and incorporates a full graphical user interface running under Microsoft Windows.

In the short time OpenAccounts has been made available to them, QED has already sold 4 sites including one in the USA.

Case Study.

The Institute of Chartered Accountants in England and Wales (ICAEW)

The ICAEW is the largest accountancy body in Europe and widely acknowledged as one of the leading professional bodies in the world. The organisation has more than 100,000 members engaged across a variety of public practice, private business and academic organisations.

The ICAEW sought a system to provide superior levels of information at department level and month end results within 12-36 hours of close down. Interfaces to their membership system were also required along with high level functionality and the management of high volumes of data. OpenAccounts Financials was chosen after a rigorous selection process that initially started with 40 appropriate packages, nine of which were demonstrated.

The ICAEW's Treasurer's Report subsequently commented:

`OpenAccounts came on stream, on time, on specification and on budget. It has greatly improved access to the information available to run and control our business and has speeded up the production of monthly and special reports".

Four years on, ICAEW are migrating to the latest GUI version of OpenAccounts to take advantage of key desktop integration facilities.

About QED

QED Software Limited's head office is based in Auckland, New Zealand. The organisation provides consultancy, deployment, technical expertise and support.

QED also has a development center operating in Bangalore, India and an established sales office in the UK.

QED employs over 60 full time professionals and focuses on developing web based software solutions for niche vertical markets.

QED will sell OpenAccounts alongside their vertical products as well as independently as a stand-alone product.

ENDS....

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