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Contact:

Mei Li
Senior VP
Corporate Communications
NetSuite Inc.
Phone: 650.627.1063
E-mail: meili@netsuite.com

NETLEDGER UNVEILS A FREE WEB-BASED PERSONAL FINANCE SOLUTION

 

San Mateo, Calif—February 23, 2000—NetLedger Inc., the world’s first and only provider of a Web-based accounting solution for small businesses, today announced the unveiling of NetLedger Personal, a Web-based personal finance solution. NetLedger Personal provides consumers with a simple, effective and efficient way to manage their finances anytime, anywhere through any Internet-ready computer. NetLedger Personal is available now, free of charge at www.netledger.com.

NetLedger Personal allows consumers to simultaneously track bills and manage expenses, enter and print checks, memorize recurring transactions, reconcile bank accounts, and generate reports and graphs. NetLedger’s unique Web-based platform enables automatic and continuous upgrades without any delays or costs to consumers. NetLedger Personal easily imports QIF files. Future enhancements will include integration with major online banking solutions.

“NetLedger is offering a personal finance management tool to the general public, while still focusing on developing and enhancing accounting solutions for the small business,” said Bill Mirbach, president and CEO of NetLedger. “NetLedger Personal functions as an online checkbook developed for consumers who don’t want to devote a lot of time to working on personal finances but recognize that keeping accurate and organized records is critical.”

“We developed a solution with the convenience and basic functionality that meets consumers’ core personal financing needs such as check writing, reconciling bank accounts and tracking expenses to help them manage their personal finances,” said Evan Goldberg, founder and CTO of NetLedger. “NetLedger Personal demonstrates our continued commitment to develop and deliver products that are simple to use while providing the efficiency and convenience required in a fast-moving, Internet-centric world.”

For more information about NetSuite please visit our Web site at www.netsuite.com.

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