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  ACCPAC® Expands EBusiness Leadership with Acquisition of Key EFT Technologies

- ACCPAC Clients Cut Costs, Improve Cash Flow Management with Electronic Funds Transfer -

PRESS CONTACTS

PLEASANTON, CA, September 28, 1999. -- ACCPAC International, Inc., a business unit of Computer Associates International Inc. (NYSE:CA) interBiz Solutions division, announced today that it has acquired the entire EFT Direct series from Conamex International. The EFT solutions are available immediately for ACCPAC products including ACCPAC® Corporate SeriesT, ACCPAC® Small Business SeriesT, ACCPAC PlusT Accounting and Simply Accounting®.

The EFT Direct products, designed for ACCPAC's leading accounting lines, enable ACCPAC clients to manage electronic deposits, payments and receipts through Electronic Funds Transfer (EFT) services of banks throughout North America.

"As the shift to eBusiness accelerates, ACCPAC continues to integrate key functionality that gives our customers and business partners clear competitive advantage," said David Hood, ACCPAC's chief executive officer. "The addition of these EFT technologies furthers our lead in delivering the most complete and powerful eBusiness solution set for the mid-market."

Moving funds electronically, such as electronic payment of invoices and payroll, or direct debit of customer accounts, rewards businesses in several ways. It reduces the costs and time of traditional paper handling, improves cash flow management, and ensures that funds are delivered to their required destination. These benefits extend to a business' employees, suppliers and clients.

"Our track record of 11 years with ACCPAC clients provides a solid foundation from which ACCPAC can increase its market share in electronic banking," said Elisabeth Vanderveldt, vice president of sales for Conamex. "By leveraging the alliances Conamex has developed with major financial institutions, ACCPAC can solidify its e Business leadership position."

"Just as TD Bank is dedicated to making banking easier for customers, ACCPAC is showing leadership in providing innovative electronic banking software," said Jeff Van Duynhoven, director of Money Management Solutions at TD Bank. "Simply Accounting allows us to better meet the needs of our customers by providing a seamless interface between ACCPAC's EFT Direct products and our EFT service. It also enables our customers to download TD Bank statement details to ease reconciliation."

About ACCPAC International

ACCPAC International, Inc., a business unit of Computer Associates International Inc. (CA) interBiz Solutions division, develops and markets financial accounting, business management, and eBusiness software solutions serving a range of companies from small offices to large corporations. The company has more than 350,000 registered clients in over 100 countries worldwide. Product lines include ACCPAC® Corporate SeriesT, ACCPAC® Small Business SeriesT, the e.Advantage SuiteT, Simply Accounting®, FAXserveT and BitWareT. CA's interBiz Solutions division assists worldwide clients, suppliers and partners in capitalizing on e-Commerce business opportunities. For more information on ACCPAC International, call 925/461-2625 or visit our Web site at http://www.accpac.com/.

About Computer Associates International Inc.

Computer Associates International Inc. (NYSE: CA), the world leader in mission-critical business computing, provides software, support and integration services in more than 100 countries around the world. CA has more than 17,500 employees and had revenue of $5.3 billion in fiscal year 1999. For more information about CA, please call 516/342-5224 or email info@cai.com. CA's World Wide Web address is http://www.cai.com/.

About Conamex International Software Corporation

Conamex is an international software development and services firm that provides enterprise wide electronic and financial software solutions for small to large businesses. The company is backed by an advanced technical services division that implements, maintains and supports systems infrastructures and communication systems. Conamex International was the 1995 recipient of the Computer Associates/ACCPAC International Development Partner of the Year. For more information, call 514-381-1900 or visit their Web site at http://www.conamex.com/.

Certain of the statements in this press release are forward-looking in nature and, accordingly, are subject to risks and uncertainties. The actual results may differ from those described or contemplated.

All trademarks and registered trademarks are property of their respective owners.


 

 
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