Openbravo Launches v2.2 of its Open Source ERP Application


New functionality and usability features make Openbravo's latest web-based enterprise management solution the most compelling platform yet for small and medium enterprises

CAMBRIDGE, Mass.--Openbravo, the leading developer of professional, web-based, open source ERP solutions designed specifically for small and medium businesses, has announced its most powerful release to date - Openbravo 2.2.

Openbravo provides web-based resource planning for small and medium enterprises (SMEs) through a range of capabilities spanning key business functions, including customer management (CRM), billing, procurement, inventory, project management, financial/accounting and business intelligence (BI). The new release incorporates new functionality and capabilities, code adjustments and bug fixes.

Manel Sarasa, CEO of Openbravo, said, "Since its inception, Openbravo has always committed to innovation, quality and cost-effectiveness. With this release we take this strategy to new levels, incorporating standards of quality, functionality and usability for SMEs previously only available to the large enterprises."

Openbravo release 2.2 comprises several important new modules and capabilities. Specifically, these include:

Material requirements planning module
Manufacturing module with service projects management
Price adjustments / discounts
Multicurrency and international localization support
Extended tax model
New cash flow forecasting report
Templates for manual settlement and general ledger

The new version also includes some inherent changes to make Openbravo more efficient for its users including a new application menu options for preparing test environments; a new combo generator and the reorganization of code into smaller projects.

A full list of new features is available at wiki.openbravo.com.

Openbravo's proven track record in the SME marketplace

Openbravo has already been installed by a number of innovative SME enterprises such as: Galenicum Health (www.galenicum.com), a solutions provider to the pharmaceutical and healthcare verticals, specializing in sourcing and product development; Huesker (www.huesker.com), a multinational distribution and service center in synthetics and textiles which needed to streamline their operations; and Frilac (www.frilac.es), a distributor of frozen foods for both wholesale and retail companies.

Ismael Ciordia, CTO for Openbravo, said, "Any company that is looking for a new and efficient way to handle data and processes in a cost-effective and sophisticated way is going to be looking at open source in 2007."

Downloading and installing Openbravo 2.2

Openbravo 2.2 may be downloaded from SourceForge (http://sourceforge.net/projects/openbravo) and installed with the help of a number of quick installation guides for sites already using Oracle, PostgreSQL and other technologies: (http://wiki.openbravo.com/wiki/index.php/Quick_Start_Installation_Guide).

Existing customers with developments based on previous versions of Openbravo may also consult the document 'How to Migrate Code' for further information about accommodations to these changes (http://wiki.openbravo.com/wiki/index.php/How_to_Migrate_Code).

About Openbravo

Openbravo is the leading professional open source enterprise management (ERP) solution for small and midsize enterprises (SMEs). Driven by open source philosophies and best-in-class services, it delivers a fully integrated, web-based ERP system tailored to the needs of any company, regardless of size or industry sector. The functionality of Openbravo is in continual growth thanks to an expanding international community of users, partners and developers. Openbravo helps companies to manage daily operations, optimize business processes, enhance customer satisfaction and ultimately increase profitability. And because it is open source, Openbravo puts the customer in full control without the overheads of contracts or licenses. In January 2006, Openbravo secured a Euros5 million ($6.4m) financing agreement with Sodena - record funding for an open source ERP company - to fuel further software development and international growth. Openbravo is also back to the Open Solutions Alliance - a new independent consortium to educate and inform businesses deploying open source, while promoting best practice and interoperability among vendors - as a founder member.

www.openbravo.com

Contacts
Prompt PR for Openbravo
Hazel Butters, 617-576-5763 / 617-291-9899
hbutters@prompt-communications.com

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