NETLEDGER AND 3RD SECTOR.NET TEAM UP TO BRING AFFORDABLE WEB-BASED ACCOUNTING SOLUTION TO NONPROFITS
San Mateo, CA—February 15, 2000—NetLedger
Inc., the worlds first and only provider of a
Web-based accounting solution for small businesses,
announced today it has entered into an agreement with
3rdSector.Net, the e-business Application Service Provider
(ASP) for the nonprofit sector. This alliance extends
NetLedgers business offering to a new small-business
niche, nonprofit organizations.
The agreement provides 3rdSector.Net's users access
to NetLedgers Web-based accounting application
by providing a hyperlink on the 3rdSector.Net Web site
that allows nonprofits to quickly and easily select
NetLedger as their accounting solution.
By signing up for NetLedger, nonprofits will be able
to focus their resources on their organizations' greater
mission, rather than devoting excessive time to bookkeeping
and budget planning. Besides its current functions,
NetLedger's application will soon be enhanced to include
a yearly-budgets feature which is particularly useful
to nonprofits who must create and manage annual budgets.
Were very excited to extend NetLedger's
accounting application to the nonprofit community which
in the US alone numbers over 1 million," said Bill
Mirbach, president and CEO of NetLedger. This
audience is a perfect match for NetLedger, providing
customers access to sophisticated accounting functionality
balanced with simplicity of design, ease of use and
an unbeatable cost of just pennies a day."
"3rdSector.Net is filling in an important piece
of the puzzle in providing a full spectrum of services
to the nonprofit community," continued Mirbach.
NetLedger complements those services, enabling nonprofits
to remain focused on the organizations core objective."
"NetLedger is a phenomenal accounting application
that harnesses the power of the Internet to allow nonprofit
organizations the ability to lower their accounting
costs and increase their work efficiency," said
Vic Mazziotti, president of 3rdSector.Net. "NetLedger
complements the suite of products and services we offer
and gives nonprofit organizations anytime, anywhere
access to their records."
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