DENVER, Feb. 2, 2005 — FRx Software Corp., a Microsoft company and a part of Microsoft Business Solutions, today announced that Cheetah Advanced Technologies Inc. has become an FRx Software Integration Partner. Cheetah Advanced Technologies’ software management suite provides an integrated set of applications for the construction industry. As a general ledger and enterprise resource planning (ERP) solution provider, Cheetah Advanced Technologies will distribute the FRx Software financial reporting application, Microsoft
® Business Solutions for Analytics–FRx®
, with its own products and offer it as an additional application to its extensive product portfolio.
FRx is considered the financial reporting standard for midmarket segment companies and emerging enterprises. It gives organizations immediate control of the entire financial reporting process, and requires little or no help from information technology (IT) specialists.
FRx will be integrated with the Cheetah StreetSmarts®
software application and will be offered as an optional module for companies looking for greater visibility into their financial environment. FRx puts control of the financial reporting process back in the hands of financial professionals and company leaders. The application streamlines and automates the entire process to help those who work with financial information become more productive and effective.
“Partnering with FRx Software allows Cheetah to enhance the financial reporting capabilities of StreetSmarts, our enterprise software application for the heavy construction industry,” said Bruce Greiner, chief executive officer of Cheetah. “It’s a pleasure to integrate with an industry leader like FRx Software, whose application will help increase the efficiency and depth of financial reporting for StreetSmarts users.”
The integration of FRx with StreetSmarts enables customers to quickly realize the benefits of effective financial reporting. FRx is equipped with out-of-the-box accounting intelligence that understands an organization’s current account structure. The application is also easy to use and maintain because it was designed by financial professionals, not IT specialists. With FRx and StreetSmarts, companies can save money throughout the year and can increase productivity across their organization, from the accounting department to the boardroom.
FRx automates the many time-consuming, tedious tasks associated with using spreadsheets for crucial financial reporting and analysis tasks. Because FRx pulls financial data from Cheetah’s StreetSmarts, users do not have to rekey or manipulate the data; they can be confident that the information is both timely and accurate. With a streamlined financial reporting process in place, organizations can create and distribute accurate financial reports quickly.
Convenient electronic distribution options and innovative drill-down features in FRx ensure that all report recipients, from business segment managers to the CEO, have access to just the right level of detail to support their decisions. With FRx and StreetSmarts, customers can spend the majority of their time on important, value-added financial activities, rather than collecting, creating and validating reports.
“We are pleased to team up with Cheetah Advanced Technologies and to welcome them as a new FRx Software Integration Partner,” said Holly Simpson, vice president of partner sales at FRx Software. “Cheetah is a great addition to our growing portfolio of Integration Partners, because their product portfolio helps heavy construction companies achieve their goals while reducing costs and keeping them focused on their core business. By integrating FRx with Cheetah’s StreetSmarts, organizations can quickly and cost-effectively take advantage of streamlined financial reporting and analysis, which ultimately drives business performance.”
About Cheetah Advanced Technologies
Cheetah Advanced Technologies is the leading provider of business enterprise and project management software solutions designed exclusively for the heavy construction and material production industries. Cheetah’s StreetSmarts®
software placed first in the Heavy Construction Category for Job Costing/Accounting/Payroll applications and Project Management applications in CFMA’s 2004 IT Survey. More information may be found on Cheetah’s Web site at http://www.cheetahware.com . Cheetah is headquartered in Fort Collins, Colo.
About FRx Software
FRx Software, a Microsoft company and a part of Microsoft Business Solutions, is a leading provider of advanced financial analytic applications that work with virtually any general ledger to give companies the control they need to be more effective. Its product suite, Microsoft Business Solutions for Analytics–FRx and Microsoft Business Solutions for Analytics–Forecaster, can improve productivity by helping customers efficiently manage their organization’s financial reporting and budgeting processes. FRx is used by more than 120,000 sites worldwide to gain immediate control of the financial reporting process. Forecaster is a browser-based budgeting and planning application that makes it easy for organizations to quickly realize the benefits of budgeting. Used together or separately, FRx and Forecaster provide the financial visibility customers need to actively manage their business and take decisive action. The applications are widely available through a worldwide channel of Integration Partners and Analytics Solution Providers, who can help companies quickly implement these solutions and start saving time and money throughout the year. Additional information about FRx Software can be obtained by calling (800) 379-8733 or +1 (303) 741-8000, or by visiting the company Web site at http://www.frxsoftware.com .
Founded in 1975, Microsoft (Nasdaq “MSFT”) is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
Note to editors: If you are interested in viewing additional information on Microsoft, please visit the Microsoft Web page at http://www.microsoft.com/presspass on Microsoft’s corporate information pages. Web links, telephone numbers and titles were correct at time of publication, but may since have changed. For additional assistance, journalists and analysts may contact Microsoft’s Rapid Response Team or other appropriate contacts listed at http://www.microsoft.com/presspass/contactpr.asp .