Project Management Software incorporates billing functionality.

Press Release Summary:



Abak Time, Billing, and Project Management software v7.0 enables companies to optimize invoicing processing and simplify time management. It includes optimized dashboard as well as resource planning module that enables scheduling of employees on multiple projects and comparing of schedule vs. actual hours spent on projects. Invoices can be generated and sent via email. Program also offers workflow module alerts and integrates with Simply Accounting.



Original Press Release:



Abak Softwares Releases Version 7.0 of Its Time, Billing, and Project Management Software



New features and key enhancements optimize easy-of-use, flexibility and time management

Quebec, May 27, 2009 - Abak Softwares launches version 7.0 of its Abak time, billing and project management software. The new release packs several key features and enhancements including a new dashboard, a Resource Planning module, electronic invoicing, integration with Simply Accounting, as well as an improved visual of generated reports. With these enhancements, Abak is providing greater flexibility and ease-of-use enabling small-to-medium size companies to further optimize their invoicing processes, simplify time management and increase overall business efficiency.

"Our Abak software has been in constant evolution since it was first introduced in 1997," said Guy Boisvert, CEO. "The application has undergone continuous improvements to remain at the cutting-edge of technological advancements, as well as adapt to changing client needs. The enhancements in version 7.0 are based on customer feedback, and reflect our commitment to continue serving the market with a best-in-class time and billing solution that facilitates project management with the utmost in ease-of-use and flexibility."

"Abak software is a solid time and billing project management system that has consistently delivered value to our company," said Michele Parent, Billing Manager at a cd f (i) architecture | urbanisme | interieur. "It's a highly flexible, easy-to-use system that helps companies to speed up and improve the accuracy of their billing and data entry processes, in addition to gaining an overall efficiency in project management. We're looking forward to using version 7.0 and are certain it will be very well received by all Abak users."

New features and improvements in Release 7.0 include:

Dashboard

A new Abak Dashboard has been added providing management with a quick and comprehensive view of key information required to manage project time and resources, presented in a user-friendly interface.

Resource Planning Module

Abak's new Resource Planning Module enables the scheduling of employees on multiple projects. Schedules can be planned by employee, by day and by hour. The new feature also enables management to compare scheduled versus actual hours spent on any given project in order to determine the man-hour profitability of each project. In addition, management can easily assess the actual availability of each employee facilitating the assignment of resources based on project requirements.

Electronic Invoices

To accelerate the billing cycle while reducing paper consumption, companies are now able to generate and send invoices via email. Email text accompanying the invoice can be pre-set or customized for each individual invoice, based on client billing preferences.

Simply Accounting Integration

Version 7.0 now includes integration with Simply Accounting, adding to the extensive list of major accounting systems already supported such as ACCPAC, QuickBooks, Avantage, Fortune, 1000/Acomba, and Virtuo. Integration with Simply Accounting is accomplished via ASCII.

Additional Enhancements

Other enhancements in Abak 7.0 include workflow module alerts that notify users when a project's current status has been modified, as well as the option of viewing and printing reports in larger format to maximize report real-estate.

A New Image For Abak

In addition to the launch of Abak 7.0, the Company also introduces a new logo and image for the software.

This is in line with Abak's corporate rebranding which also includes a new corporate image, logo and redesigned website at www.abaksoftware.com.

About Abak Softwares

Founded in 1997, Abak Softwares is a leading provider of customizable time, expense, billing and project management software. The Company's software is a modular application that enables companies to plan the use of human and financial resources, manage timesheets and expense accounts, generate key reports in real-time, and bill in an intelligent and straightforward fashion. User-friendliness and custom grids are intrinsic to the product offering, the application is 100% Internet-enabled, and accessible remotely under the same interface. Abak is sold around the world via a network of resellers and business partners, and is renowned in the services industries with a large customer base in accounting, engineering, software engineering, architecture, research consultants, business consultants, IT and multimedia. For more information about Abak, visit the company web site at www.abaksoftware.com.

For further information:

Abak Softwares Contact :

Marie-Eve Turgeon

Communications Coordinator

Tel: 1.888.849.8059 ext. 223

Fax: 418.872.9018

meturgeon@abaksoftware.com

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