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BizNet Software to Offer Unique FRx Software Applications

Accounting systems integrator enables enterprise resource planning applications to utilize FRx financial analysis tools

Dallas, Texas - February 27, 2003 - BizNet Software®, Inc., an accounting systems integrator, today announced it has formed an agreement with FRx Software Corp., a Microsoft® Business Solutions company, to offer the unique FRx® Financial Reporter and FRx® Forecaster applications.

BizNet, based in Irving, Texas, joins the FRx® Analytics Reseller Partner Program, which enables the company to sell and implement FRx Software products that use enterprise resource planning (ERP) applications not supported by one of FRx Software's many ERP system interfaces. 

BizNet will distribute both FRx Financial Reporter and FRx Forecaster to its broad array of insurance and financial services customers.

"CFOs are under intense scrutiny to ensure the accuracy of financial data," said Jim Brewer, vice president of sales at BizNet.  "BizNet Software's Datafish Platform, coupled with FRx Software's world-class financial reporting applications, delivers an interactive environment to track and validate financial data throughout the entire financial reporting process, resulting in an increased confidence level in the numbers."

BizNet's Datafish Platform integrates existing systems and financial data to increase the productivity of people and the processes they perform.  The Datafish Platform's layered architecture creates an extensible environment, ensuring that new features and solutions can be quickly added to existing environments as needs dictate.

"We are very excited about the expertise BizNet brings to the table," said Holly Simpson, vice president of partner sales at FRx Software.  "Not only does the company have data integration expertise, but it also has expert knowledge of financial analytics.  It helps customers solve their complex financial reporting needs.  Reseller partners like BizNet are able to expand their businesses by selling value-added implementation and training services associated with rolling out analytical solutions from FRx Software to new markets."

As a member of the FRx Analytics Reseller Partner Program, BizNet is now able to resell FRx Software applications with the added benefit of significant sales and marketing support provided by FRx Software.  That support includes media relations assistance, product collateral development, remote sales training, a co-op marketing program, Webinar (online seminar) participation, and automatic enrollment in a program designed to assist resellers with certification, marketing and sales activities.

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About BizNet Software
BizNet Software's staff of accountants and IT professionals specializes in helping companies improve the financial reporting process by enhancing existing financial systems and processes, resulting in better decision making and shorter closing cycles.

About FRx Software
FRx Software Corp., a Microsoft Business Solutions company, is the leading provider of advanced financial analytic applications to midmarket and emerging enterprise organizations seeking to bring more control to their financial analysis and reporting processes.  Its flagship product, FRx Financial Reporter, is used by more than 100,000 sites worldwide to bring control to the financial reporting process.  FRx Financial Reporter also is considered the financial reporting standard for midmarket companies and emerging enterprises, with interfaces to more than 50 industry-leading financial accounting systems.  FRx Forecaster is a browser-based budgeting and planning application that makes it easy for organizations to immediately realize the benefits of budgeting.

Additional information about FRx Software can be obtained by calling (800) 379-8733 or by visiting the company Web site at http://www.frxsoftware.com.

About Microsoft
Founded in 1975, Microsoft (Nasdaq "MSFT") is the worldwide leader in software, services and Internet technologies for personal and business computing.  The company offers a wide range of products and services designed to empower people through great software - any time, any place and on any device.

Microsoft and FRx are either registered trademarks or trademarks of Microsoft Corp., FRx Software Corp., or their affiliates in the United States and/or other countries.

FRx Software Corp. is a subsidiary of Microsoft Corp.

The names of actual companies and products mentioned herein may be the trademarks of their respective owners.

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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.

 

CONTACT:

Steve Hill
Michael & Partners
stevehill@michaelpartners.com
972.716.0500 x105

Ben McMann
BizNet Software
bmcmann@biznetsoftware.com
972.893.0000 x101

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