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25-Oct-04 -- First contract win for SunSystems exfm
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Unique combination of financial, reporting, budgeting and forecasting functionality

Just one week after its global launch, SunSystems exfm has secured its first customer win.

Regent Exhibitions – organiser of IMEX in Frankfurt, the worldwide exhibition for incentive travel, meetings and events – has purchased SunSystems Extended Financial Management (exfm), a unique, fully integrated software solution that combines the power of financial management and business intelligence. The sale was secured by Foundation Systems Limited, the computer software and services company and leading SunSystems channel partner based in north London.

SunSystems exfm is targeted at mid-market companies worldwide giving them a comprehensive spectrum of sophisticated functionality that was previously available only to large enterprises at a high cost. With SunSystems exfm, organisations will be able to improve the efficiency of their financial processes, analyse financial data in real-time to better understand how the business is performing and alleviate the pain of budgeting and forecasting activities.

Regent Exhibitions has grown rapidly since its foundation in 2001. The Sage Line 100 package it had been using since inception no longer met its needs and accessing financial data had become difficult. With over 70 per cent of Regent invoices in euros, the ability to handle and report in different currencies is important.

Sherry Farmer, head of finance at Regent Exhibitions, said: “Close control of both budgets and forecasts are essential since we are a new company. Our focus on IMEX in Frankfurt means our income is cyclical and therefore controlling cash flow in different currencies is vital. We are very impressed with SunSystems exfm because it has a great deal that will enhance the way that we work.”

One unusual aspect of Regent’s structure is that all finance staff are part-time, including a high proportion of working mothers. Through the web-based access portal that is an integral part of SunSystems exfm, staff can work from home with access to the full accounts system in real time.

About SunSystems

SunSystems is a key product range of the Systems Union Group plc, which is quoted on the Alternative Investment Market (AIM) of the London Stock Exchange. The company is one of the largest business software houses in the world, with 45 offices and channel partners in 73 countries serving customer sites around the globe.

Products within the SunSystems range are available in 30 languages with over 18,000 customer sites in some 194 countries. The software solutions are used extensively by multinationals, whose offices worldwide require an international product with global support infrastructure.

Customers include 45 of the 50 largest corporations in the world, 75 of the FTSE100, one quarter of the Fortune 500, and leading names such as Hilton International, Pfizer, Willis Insurance and BP.

Systems Union is certified under the 2000 version of the ISO9001 and TickIT standards. This independent certification provides customers, shareholders, and other stakeholders with assurance that the company has a mature and systematic approach to the delivery of its objectives.

For further information, visit www.sunsystems.com/exfm

About Foundation Systems

Founded 20 years ago, Foundation Systems specialises in the supply, implementation and support of integrated financial and business management solutions based around SunSystems, SharpOWL and Ascent CRM software.

Over 450 mid-market organisations, in both the private and public sectors, have benefited from Foundation’s proven track record in the design, delivery and support of functionally rich solutions that address the needs of today’s business rapidly, reliably and cost effectively.

Leading technology magazine, IT Consultant, ranked Foundation in its listing of the UK’s Top 15 Financial Solution Providers for 2003.  

Foundation Systems is part of Systems Union Group plc and is based in north London.

For further information, visit www.foundationsystems.co.uk

About Regent Exhibitions

Established in 2001, Regent Exhibitions is an exhibition organising company that runs IMEX, the annual worldwide exhibition for meetings and incentive travel.

The annual IMEX exhibition at Messe Frankfurt, Germany is a major worldwide event of the meetings and incentive travel industry. More than 12,000 industry professionals – including 2,500 exhibitors from over 130 countries representing national and regional tourist offices, major hotel groups, airlines, destination management companies, service providers and trade associations – attended the 2004 show. Some 3,000 buyers are forecast to attend IMEX 2005.

For further information, visit www.imex-frankfurt.com


SunSystems is a portfolio of integrated financial management and business intelligence applications, which help decision-makers gain a broader perspective on the business, and provide the ability to analyze the operational detail.

For more than 20 years, we have delivered global, low-risk solutions that are designed for rapid, low-cost deployment, helping our users to meet the demands placed on the finance function.

To find out more about our solutions, click here.

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