NETLEDGER AND ONECORE.COM PARTNER TO PROVIDE SMALL BUSINESSES WITH BROADER WEB-BASED FINANCIAL AND ACCOUNTING CAPABILITIES
San Mateo, Calif—March 15, 2000— NetLedger,
Inc., the worlds first provider of a Web-based
accounting solution for small businesses, announced
today it has entered into a strategic partnership with
Massachusetts-based OneCore.com, a leading innovator
of online financial services custom built for small
businesses and entrepreneurs. As a result of the agreement,
customers of NetLedger and OneCore.com have easy, seamless
access to a comprehensive array of Web-based accounting
and financial solutions jointly offered by the two companies.
The partnership marks a major step toward complete
integration of NetLedgers full-featured, multi-user
accounting solution with OneCore.coms financial
service offerings. Full integration will simplify small-business
customers bookkeeping by allowing them to enter
data using one function and have it automatically reflected
across all service offerings as appropriate.
Effective immediately, NetLedgers customers will
have access to OneCore.coms powerful suite of
fully integrated financial services allowing
them to obtain, conduct and manage their finances from
a single online account rather than juggling multiple
relationships. Services include: cash management, bill
payment, payroll, credit, merchant services and more.
Conversely, OneCore.coms customers can sign up
for NetLedgers full-featured, multi-user accounting
solution, NetLedger. It is built on the robust,
reliable and secure Oracle 8i database, bringing Fortune
500 power and functionality to small businesses.
Additionally, NetLedger and OneCore.com will co-market
and promote their offerings to existing and potential
customers, extending their reach further into the estimated
21 million small businesses in the United States.
NetLedger and OneCore.com have linked via the
Internet. Our partnership brings powerful, scaleable,
feature-rich services to small businesses, giving them
the effectiveness of big businesses at even lower costs.
said Bill Mirbach, president and CEO of NetLedger. Through
this partnership, customers will have easy access to
all of the applications they need to manage their finances
and grow a successful business.
OneCore.com teams up with partners who can bring
its customers high-performance, reliable business services
that are easy-to-use, convenient and save time while
allowing them to remain focused on their core competency,
added Jack Littman-Quinn, President and CEO of OneCore.com.
We believe NetLedger meets that criteria on all
Jodi Maxson, vice president of business development
for NetLedger, Inc. said the two companies are a perfect
match. Our next step is full integration of NetLedgers
accounting solution with OneCore.coms broad financial
offerings, bringing to small businesses the best and
most complementary online financial and accounting management
tools available. Simplicity, efficiency and ease of
use will continue to be key, and the elimination of
double-data entry functions will be a critical timesaver.
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