Software offers automated tools for client analysis.
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Press Release Summary:
ACCPAC Business Advisor(TM) enables accountants to develop standard business analysis methodology and create presentation-quality reports and business improvement proposals. It steps through business analysis methodology using logical on-screen processes then generates advisory reports that document financial health of client's business while providing recommendations for improvement.
Original Press Release:
New Module in the ACCPAC Business Analysis Suite Provides Automated Tools for Client Analysis, Reporting and Proposal Generation
PLEASANTON, Calif., October 28, 2003 - ACCPAC International, Inc., a subsidiary of Computer Associates International, Inc. (NYSE: CA), announced today the release of ACCPAC Business Advisor(tm), a new business analysis software application that enables accountants in public practice to quickly develop a standard business analysis methodology and create presentation-quality analysis reports and business improvement proposals for their clients. ACCPAC Business Advisor is a new component of the award-winning ACCPAC Business Analysis Suite(tm). This series of business diagnosis tools enables accounting firms to draw upon their clients' routine financial statement data as a starting point for developing a range of specialized, profitable consulting services.
"ACCPAC Business Analysis Suite is designed for accountants to showcase their business advisory skills and, in turn, develop new revenue streams and clients," said ACCPAC President and CEO, David M. Hood. "With the addition of ACCPAC Business Advisor, we're further strengthening the accounting community's ability to offer faster and more concise analysis on which they can develop new business offerings for their clients."
ACCPAC Business Advisor steps through a business analysis methodology using logical on-screen processes. The software then automatically generates advisory reports that clearly document the financial health of a client's business while providing recommendations for improvement. This straightforward procedural method eliminates typical and often inefficient 'ad hoc' planning sessions and replaces them with a tangible product which accountants and consultants can market to clients as a standardized service offering.
ACCPAC Business Advisor Four-Step Analysis Process
ACCPAC Business Advisor utilizes the following four key functions to step through the business analysis process and create client-ready reports:
- Business Health Check - produces a one-page report card identifying the status of the financial health of the client company. It shows a client the results of changes in their company's key financial metrics for the past two years and quickly highlights areas in the business that need improvement as well as those that are performing well.
- Business Performance Test - compares the client's financial information to industry benchmarks entered by the accountant and clearly identifies positive, negative and neutral performance through a "traffic light" indicator. In areas that under perform against the benchmark, the accountant can recommend actions for use by the client in the coming year.
- Sensitivity Report - a matrix that shows the relationship between key business results and the drivers of the business. For example, in one business, it may show that profitability is most sensitive to changes in material cost of goods sold, while in a different business it may show that profitability is more sensitive to changes in overhead costs. With this information in hand, accountants can recommend process improvements to both protect and grow the business.
- Financial Diagnostic Report - a 19-page template driven document that provides a 'client-ready' summary of the financial health of the business. The report includes profitability, working capital, non-current assets, cash flow and funding for the company, among other issues, and is modifiable so accountants can augment it with additional personalized advice.
"ACCPAC Business Advisor does a tremendous job of very quickly focusing on critical issues that affect business performance and articulating them in a way that clients understand," said Dan Sjoquist, CPA and Partner, Audit Department, Froehling, Anderson, Plowman and Wasmuth, Ltd. "It provides our firm with a business analysis methodology that we've picked up very quickly and can deliver consistently across the firm. That's tremendously important for servicing our clients well, and equally important for marketing our services well."
Pricing and Availability
Available only to accountants and registered ACCPAC Certified Consultants, ACCPAC Business Advisor is available at an SRP of $500 (U.S.), plus annual licensing fees.
ACCPAC Business Advisor is the latest addition to the ACCPAC Business Analysis Suite that also includes ACCPAC Comprehensive Financial Optimizer (CFO), and ACCPAC Key Performance Indicators (KPI), both available at an SRP of $1,000 (U.S.) each. ACCPAC Business Advisor and ACCPAC KPI(tm) require ACCPAC CFO(tm) for source data.
ACCPAC Business Advisor is available through authorized ACCPAC Solution Providers worldwide. To locate an ACCPAC Solution Provider, call 800-945-8007, or visit www.accpac.com.
About ACCPAC
ACCPAC International, Inc., a subsidiary of Computer Associates International, Inc. (NYSE: CA), provides small and mid-size businesses a broad range of end-to-end business management applications designed to enhance customers' competitive advantage. Product lines include ACCPAC CRM(tm), ACCPAC CRM SalesTeam(tm), ACCPAC Advantage Series(tm), ACCPAC Pro Series(tm), ACCPAC HR Series(tm), ACCPAC Business Analysis Suite(tm), ACCPAC eTransact®, ACCPAC Exchange(tm), ACCPAC Warehouse Management System(tm), ACCPAC ePOS(tm), ACCPAC Insight(tm), Simply Accounting®, FAXserve(tm), and ACCPAC Messenger(tm).
Based in Pleasanton, Calif., USA, with offices in Australia, Canada, India, Ireland, the Middle East, the Netherlands, South Africa, Southeast Asia and the United Kingdom, ACCPAC has more than 500,000 customers and more than 7,000 channel partners in more than 130 countries worldwide. For more information about ACCPAC and our products, call 1-800-945-8007 in North America, or visit ACCPAC at www.accpac.com and www.accpaconline.com.
Copyright © 2003 ACCPAC International, Inc. All rights reserved. ACCPAC, the ACCPAC logo and the ACCPAC product names set forth above are registered trademarks or trademarks of ACCPAC International, Inc. in the United States and other countries. All other marks are trademarks or registered trademarks of their respective companies.
