Accounting and Financial Software
Software enables financial and operations management.
Press Release Summary:
Designed for SMBs, Sage PFW ERP v5.5 financial and process manufacturing solution is capable of handling international transactions and fully integrated modules for process manufacturers. Advanced Lookup Engine allows users to organize data views and access valuable company information. Delete credential feature controls removal of critical information such as financial data while Batch Edit Report ensures accuracy by eliminating errors before batches are finalized.
Original Press Release:
Sage Software Announces New Version of Award-Winning Process Manufacturing Solution: Sage PFW ERP 5.5
Irvine, Calif. - October 17, 2006 - Sage Software today announced the release of Sage PFW ERP 5.5, the newest version of the company's award-winning financial and process manufacturing solution. Sage PFW 5.5 includes new features that improve usability and maximize productivity throughout core business functions, as well as enhanced functionality to increase accuracy and help protect key data for process manufacturing operations. Designed especially for small to midsized companies transacting business throughout the global marketplace, Sage PFW 5.5 is a complete financial and operations management system that provides extensive capabilities for handling international transactions plus comprehensive, fully integrated modules for process manufacturers.
"Sage Software remains one of the few vendors providing specialized industry solutions that address the needs of process and discrete manufacturers, as well as general purpose solutions for small and midsized businesses," said Jim Portner, Sage Software vice president and general manager for Sage PFW ERP. "For our customers in process manufacturing industries, Sage PFW 5.5 provides extensive capabilities for improving their operations coupled with comprehensive business management tools for increasing profitability."
Prominent new features in Sage PFW 5.5 include an Advanced Lookup Engine, enhanced security, Accounts Receivable Writeoff, Accounts Payable Quick Check and Batch Edit Report.
Advanced Data Lookup
The Sage PFW Advanced Lookup Engine is a data retrieving tool that enables users to tailor functions to each user's unique requirements. By organizing data views in meaningful ways at the user level, the Advanced Lookup Engine speeds access to important information and improves overall efficiency. Customized views can be saved for quick retrieval, or even set as defaults. The highly flexible Advanced Lookup Engine also exports data results in a variety of formats, enabling users to leverage valuable company information for marketing and sales activities.
Enhanced Security
A new Delete credential has been added to Sage PFW 5.5 for greater protection of data across the entire company. The Delete credential controls the ability to remove financial data, process manufacturing formulas and other critical information to only those with the specified credential. By isolating the Delete credential from Read/Write credentials, an added layer of security is created to protect important data.
Sage PFW 5.5 also supports Administrator rights assigned to multiple individuals within an organization. This gives companies greater flexibility with better auditing, as maintenance and other changes to security, sales, accounting and manufacturing data are fully tracked when updated. Administrative functions have been enhanced with an easy-to-use TreeView display and helpful toolbar to simplify the creation and maintenance of security groups and user rights.
Simplified Receivables and Payables
A new Accounts Receivable Writeoff feature automates the task of clearing nominal, unpaid invoice amounts and eliminates time-consuming manual adjustments to Accounts Receivable legers. Accounts Receivable Writeoff applies balances to pre-defined general ledger accounts by writeoff type to quickly and easily make adjustments and keep data accurate.
Sage PFW 5.5 simplifies check printing with a new Quick Check button, which lets users with appropriate credentials print checks at any time. Quick Check is a convenient, user-friendly way to expedite payments for C.O.D. shipments or other payments that can not wait until the next check run. Coupled with the new Allow Payment Date Override - enabling companies to establish allowable date thresholds - Sage PFW 5.5 gives business owners the power and flexibility they need to run smoothly and efficiently.
Batch Edit Report
The new Batch Edit Report is an automated tool designed to ensure accuracy and eliminate even the smallest of errors before batches are closed and finalized. Providing user-configured validation checks for formulas, finished goods and raw materials, Batch Edit Report is able to meet the needs of a variety of process manufacturing industries. Users also define validation flags to help identify critical problems, identified as "Error" conditions, or tolerable problems, identified as "Warning" conditions. By tailoring Batch Edit Report to meet validation requirements, users have better control over inventory and maintain more accurate and reliable data. Configurable validation conditions include:
o Batch
o Verify Non-Lot-Tracked Critical Materials
o Formula
o Verify Loss Constant per Batch Weight
o Verify Loss Factor
o Variance between Batch Weight and Order Weight
o Finished Goods
o Variance between Quantity Ordered and Produced
o Quantity Produced is Zero
o BOM Quantity differs from Inventory BOM
o Finished Good Formula differs from Batch Formula
o Raw Materials
o Variance between Quantity Required and Used
o Verify Loss Factor
o Finished Goods with BOMs used as Raw Materials
About Sage PFW
Sage PFW meets the complex challenges that transcontinental accounting and process manufacturing present. Combining a powerful yet user-friendly interface and a web-enabled open architecture, Sage PFW is as functional as it is easy to use. Sage PFW features a complete suite of fully integrated process manufacturing applications, which are ideally suited for process manufacturers in the paints and coatings, specialty chemical, consumer packaged goods, foods and nutraceutical industries. From research and development, formula management to MRP, MSDS and production, Sage PFW improves efficiency and unifies processes within even the most complex manufacturing environments.
Pricing and Availability
Sage PFW 5.5 is available now through Sage PFW business partners. For pricing and additional information, contact your local Sage PFW business partner, call the Sage Software Sales Department at 800-477-5700 or visit www.sagepfw.com.
About Sage Software
Sage Software supports the needs, challenges, and dreams of more than 2.6 million small and midsized business customers in North America through easy-to-use, scalable and customizable software and services. Our products support accounting, operations, customer relationship management, human resources, time tracking, merchant services and the specialized needs of the construction, distribution, healthcare, manufacturing, nonprofit and real estate industries. Sage Software is a subsidiary of The Sage Group plc, a leading international supplier of accounting and business management software solutions and related products and services for small and midsized businesses. Formed in 1981, Sage was floated on the London Stock Exchange in 1989 and the Group now has 5.0 million customers and employs over 10,500 people worldwide. For more information, please visit the Web site at www.sagesoftware.com/moreinfo or call (866) 308-2378.
Stephen T. A. Moore
senior manager, public relations
Sage Software
Mid-Market Accounting Solutions
T: 949-790-2040
C: 949-633-8323
stephen.moore@sage.com
