NETLEDGER FORGES ALLIANCE WITH CENTURY SMALL BUSINESS SOLUTIONS, INC.
Partnership with Firm's 550 Franchises Enables Accountants to Serve Small Business Clients More Efficiently and More Effectively than Ever
San Mateo, CA—July 11, 2000—NetLedger, Inc., the
leading application service provider (ASP) that enables
small businesses to run their companies totally online,
today announced a distribution agreement with Century
Small Business Solutions Inc., a subsidiary of CBIZ
Inc. (Nasdaq: CBIZ), and one of the largest networks
of accounting and tax franchises in the nation.
In accordance with the terms of the agreement, Century
Small Business Solutions will immediately begin a phased
rollout of NetLedger's Web-based accounting solution
to its 550 U.S. franchise units. Each participating
franchise will be equipped with a hyperlink on its Web
site that enables their small-business clients to quickly
and easily set up an account with NetLedger. Once on
board, both the accounting professional and the client
have easy and secure online access to the client's records,
making it convenient to work together and share real-time
"The endorsement of such a large and well-respected
group of accounting entities is both an honor and a
tremendous opportunity for NetLedger," said Bill
Mirbach, president and chief executive officer of NetLedger,
Inc. "Century Small Business Solutions gives us
an entry to its thousands of small business clients
throughout the country who can benefit from our feature-rich
Web-based accounting solution."
NetLedger gives users the ability to do everything
from managing accounts receivable to writing checks
to accessing financial reports. Subscribers pay $4.95
per month per user, which includes controlled access
by the business' accountant.
NetLedger's accounting solution will be integrated
with Century Small Business Solutions' other financial
tools to streamline the overall record-keeping process.
NetLedger has also established a dedicated telephone/email
support team for this customer group. Each franchise
accounting group has the opportunity to participate
in a revenue-sharing program based upon the number of
clients it signs up for NetLedger.
"NetLedger will become one of the key accounting
tools that Century Small Business Solutions offers to
its accounting franchise members," said David Bethea,
president and CEO of Century Small Business Solutions.
"We believe that ASPs such as NetLedger are the
wave of the future in meeting the needs of small businesses.
Using the power of the Internet, NetLedger delivers
a comprehensive and affordable accounting solution that
will help us meet our critical goal of freeing small
businesses from unnecessary complexities so they can
focus on their core operations."
About Century Small Business
Century Small Business Solutions is a subsidiary
of CBIZ Inc. (Nasdaq: CBIZ), a leading provider of outsourced
business services to small and medium-sized businesses.
CBIZ's integrated services include accounting systems,
advisory and tax; litigation advisory; benefits design
and administration; human resources; information technology
systems; payroll administration; specialty insurance;
valuation; and workers' compensation.
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