Accounting Software is offered as online, hosted service.

Press Release Summary:



Targeting non-profit, municipal, and government organizations, AccuFund Hosted is suited for businesses that do not want to install software or manage Windows® server, as they only need local workstation with Windows XP and high-speed Internet connection. Financial reporting and accounting software also supports local printing on defined laser printers. Users can access AccuFund Hosted from their workstations via SSL connection using 256-bit data encryption.



Original Press Release:



AccuFund® Introduces Hosted Version of the AccuFund Accounting Suite



AccuFund Hosted Enables Agencies Without In-House Technical Resources to Receive All the Capabilities and Benefits of the AccuFund Accounting Suite

NEEDHAM, Mass., June 12, 2007 -- AccuFund, Inc., provider of financial reporting and accounting software for non-profit, municipal and government organizations, today at the 101st Annual Meeting of the Government Finance Officers Association, introduced AccuFund Hosted, an online solution that provides all the functionality of the AccuFund Accounting Suite. AccuFund Hosted is ideal for any organization that does not want to install software or manage a Windows® server, as users only need a local workstation with Windows XP and a high-speed Internet connection.

With AccuFund Hosted, all maintenance of the accounting software is handled by AccuFund, Inc., including installation of the software, subsequent upgrades, and regular database backups. Each customer has their own database, which is doubly secured with required logons to both the server and the customer database. Customers access AccuFund Hosted from their workstations via a SSL (Secure Socket Layer) connection using 256-bit data encryption.

AccuFund Hosted also supports local printing on defined laser printers.

"Organizations of any size can benefit from our hosted service, however the smaller agencies that typically cannot support in-house technology will achieve the most gain, as they can obtain the advantage of having a best-in-class solution without having to maintain it," stated Peter Stam, president of AccuFund, Inc. "Users of AccuFund Hosted can access and use our accounting software as if it was installed on their workstations and be assured that their data is securely managed."

As with an onsite software installation, AccuFund Hosted's setup, training and support are provided by a local AccuFund reseller. AccuFund has contracted with hosting sites to supply the hardware environment and the operating system. A secondary hosting site is also provided for disaster purposes.

Availability and Pricing

AccuFund Hosted is a contracted service from AccuFund.

Pricing is available on a quarterly or monthly basis with a one-year commitment. Pricing on a monthly basis is only $289.80 for one user, which includes all modules and phone support. Customers have the option of putting 15% of their payments for AccuFund Hosted towards a later purchase of the AccuFund Accounting Suite software system.

About AccuFund

AccuFund, Inc. provides scalable accounting software systems to small-to-medium nonprofit organizations and government agencies. The AccuFund Accounting Suite fulfills the market's need for an accounting solution that is more sophisticated than off-the-shelf products, yet much less expensive, complex and difficult to use than the higher end offerings. AccuFund's products are available exclusively through Value Added Resellers (VARs) located throughout the United States. The VARs provide AccuFund's customers with cost-effective onsite training and installation assistance.

For more information, call 877-872-2228, email peters@accufund.com or visit www.accufund.com.

Contact:
Peter J. Stam, President
AccuFund, Inc.
400 Hillside Ave.
Needham, MA 02494
Phone: 781-433-0233
Fax: 781-453-0460
peters@accufund.com

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