Senior VP, Corporate Communications
NetLedger Delivers a Free Web-Based Business Finance
San Mateo, Calif. February 28, 2000 NetLedger,
Inc., worlds first provider of a Web-based accounting
solution for small businesses, today expanded its product
line with NetLedger Basic, a Web-based finance
solution designed to address the most fundamental accounting
needs of a small business or small organization. The
companys announcement of NetLedger Basic follows
last weeks announcement of NetLedger Personal,
a free Web-based personal finance solution for the consumer.
NetLedger Basic provides an easy-to-use, effective
solution to manage business finances anytime, anywhere
from any Internet-ready computer and is available immediately,
at no cost to the user. The newest NetLedger product
offering, NetLedger Basic, includes a select group of
core accounting features that enable a single user at
a small business, small organization to enter and print
checks, manage sales receipts, memorize recurring transactions,
reconcile bank accounts, and generate reports and graphs.
To add users or more advanced accounting features, NetLedger
offers quick and easy migration to NetLedgers
full-featured solution at only $4.95 per month per user.
Consistent with the complete line of NetLedger financial
management solutions, NetLedger Basic delivers Oracle
8i database power, reliability and security; a simple
look and feel for easy set-up and use; and NetLedgers
unique Web-based platform enabling automatic and continuous
upgrades that are invisible to the end-user and require
no additional costs or time delays. NetLedger Basic
also imports QIF files.
In offering NetLedger Basic we have expanded
our product offering with three solutions that leverage
the power of the Internet, perform accurate accounting,
and are designed for true simplicity of use, said
Bill Mirbach, president and CEO of NetLedger Inc. NetLedger
Basic gives small business owners an edge, by delivering
absolutely free, a reliable, and flexible accounting
solution built on Oracles Fortune 500-level secure
We designed NetLedger Basic to address the needs
of small businesses and organizations who need a solution
to record and manage expenses but simply dont
need advanced accounting features, commented Evan
Goldberg, founder and CTO of NetLedger Inc. With
NetLedger Basic those small businesses and organizations
now have a reliable, secure and easy-to-use solution
to take care of these necessary business tasks without
distracting them from their core business.
For more information about NetSuite please visit our
Web site at www.netsuite.com.
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