ACCPAC® Expands EBusiness Leadership with Acquisition
of Key EFT Technologies
- ACCPAC Clients Cut Costs, Improve Cash Flow Management
with Electronic Funds Transfer -
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.