DENVER, Feb. 25, 2002 — FRx Software Corp., a leading provider of advanced financial reporting, budgeting and planning, and financial analytics applications, today announced it has formed a strategic relationship with Advanced Data Systems (ADS), a veteran developer of fund accounting solutions for nonprofit organizations. The arrangement will allow for the integration of FRx Software’s flagship product, FRx® Financial Reporting software, with the emerging next-generation ADS ProFund Series solution.
“We are excited about developing our relationship with ADS through the integration of FRx Financial Reporting with the ADS ProFund solution,”
said Holly Simpson, vice president of partner sales at FRx Software.
“We feel that ADS ProFund users, both present and future, will benefit from the strength and flexibility of FRx Financial Reporting.”
The intuitive, flexible design of FRx Financial Reporting enables users to measure the financial health of their organizations more efficiently and more often. The comprehensive reporting system provides integrated access to ADS ProFund’s general ledger information to support better analysis and decision-making. The system’s capabilities allow data to be combined from multiple funds, grants, departments, locations, programs and organizations so users can create singular, comprehensive and customized financial and management reports.
ADS is a longtime developer of fund accounting solutions for nonprofit organizations such as public school systems, social service agencies, community health centers and municipal entities. ADS ProFund features an open architecture based on the Microsoft® Visual Basic® development system, and Microsoft SQL Server™ and Windows® 2000 platforms and standards. It is the latest product offering to emerge from the impressive suite of ADS solutions already on the market.
“We chose to establish a relationship with FRx Software because of its reputation, quality of product and commitment to its customer base,”
said Nathan Lunney, director of sales and marketing at ADS.
“By bundling the FRx Financial Reporting solution with ADS ProFund, we can provide our users with true fund accounting, including automatic due to/from processing, encumbrances, and multiyear grant tracking and reporting. Together, our products make up a tailored, functional and practical solution.”
About Advanced Data Systems
Advanced Data Systems is a New England-based software developer and reseller of accounting information systems with more than 22 years of experience in the PC-based computing industry. ADS stays on the cutting edge by providing commercial business with industry-leading solutions and invests that experience in developing nationally recognized fund accounting solutions for school systems and nonprofit organizations. More information can be found at http://www.adspro.com/ .
About FRx Software
Denver-based FRx Software Corp. is the leading provider of advanced financial reporting, budgeting and planning, and financial analytics applications to midmarket and emerging enterprise organizations. Its flagship product, FRx Financial Reporting, is used at over 90,000 sites worldwide, and is the financial reporting standard for midmarket companies and emerging enterprises. Its newest product, FRx Forecaster, is a robust, browser-based budgeting and planning application that is designed to uniquely address the needs of midmarket organizations. The company’s applications enable finance and accounting professionals to streamline processes with ease and generate the financial knowledge necessary to gain a competitive advantage. Additional information about FRx Software can be obtained by calling (800) 379-8733 or visiting the company Web site at http://www.frxsoftware.com/ .
FRx is either a registered trademark or trademark of FRx Software Corp. in the United States and/or other countries.
Microsoft, Visual Basic and Windows are either registered trademarks or trademarks of Microsoft Corp. in the United States and/or other countries.
The names of actual companies and products mentioned herein may be the trademarks of their respective owners.