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

NETLEDGER AND ADP FIRST TO DELIVER INTEGRATED ONLINE ACCOUNTING AND PAYROLL SERVICE

NetLedger™ and ADP EasyPayNetSM are Seamlessly Integrated to Create a Convenient One-Stop Online Accounting and Payroll Solution

San Mateo, CA.—August 23, 2000—NetLedger, Inc., the leading application service provider (ASP) that enables small businesses to run their companies totally online, today announced the completion of a landmark integration with EasyPayNet, an online payroll solution provided by Automatic Data Processing, Inc. (ADP®, NYSE:AUD). As a result of today's announcement, small business customers of both companies can immediately access the service at www.netledger.com and www.ebs.adp.com via any Internet-ready computer.

The integrated accounting and payroll service allows NetLedger and ADP to provide small business customers the ability to automatically update their accounting records as their payroll is processed. Specifically, users can synchronize employee information in NetLedger, map bank account, earnings and deductions codes from EasyPayNet to their NetLedger chart of accounts, and automatically generate accounting entries from payroll runs.

Utilizing both EasyPayNet and NetLedger, customers of both companies can enjoy many key benefits such as:

  • Single point of data entry which:
  • Saves time
  • Increases accuracy
  • Ensures consistency of data
  • Access and update both payroll and accounting information anytime, anywhere

"I am pleased with our integration with ADP's EasyPayNet service. Sharing information seamlessly between applications is what the ASP model is all about."said Bill Mirbach, president and chief executive officer of NetLedger, Inc. "ADP's decades of leadership in selling and delivering outsourced business services, as well as its large customer base, make it an ideal partner for NetLedger. ADP's online solutions with NetLedger will provide the best online business performance tool for small businesses."

"EasyPayNet's features and capabilities align well with NetLedger's as both solutions are designed to empower small businesses to operate reliably and efficiently through the use of online applications," said Brad Smith, Vice President and General Manager, ADP Emerging Business Services.

Commenting on the arrival of this integrated offering, Amy Delema, director of operations of Milo, a San Francisco-based Internet consulting firm said, "We love the concept of running a business leveraging the power of the Internet. NetLedger's online accounting is the obvious choice for us. After that, we selected EasyPayNet as our online payroll service. Importantly, we now can use this seamlessly integrated service."

ADP EasyPayNet
ADP's EasyPayNet online payroll solution is part of ADP Emerging Business Services' suite of Internet-based solutions designed to help small and emerging business owners staff, manage, pay and retain their valued employees. With seamless integration between ADP's enhanced services, including tax filing, direct deposit and retirement planning, EasyPayNet leverages the power of the Internet to provide business owners with new levels of flexibility, control and convenience in managing their payroll, while retaining the dependable, high-quality service ADP has delivered for over 50 years.

NetLedger Web-Based Accounting and Business Management Applications for Small Businesses

NetLedger delivers the industry's first Web-based accounting platform for small businesses. In addition, the company has developed a suite of online business management applications. Combining both, NetLedger enables small businesses to run totally online. For example, NetLedger's offerings include full-featured accounting, expense reporting, online customer ordering, and remote customer, vendor and employee access.

About ADP
Automatic Data Processing, Inc. (NYSE:AUD) is one of the largest global providers of computerized transaction processing, data communications and information services, with more than $6 billion in revenues and 500,000 clients worldwide. ADP's Employer Services (ES) Division is a leading provider of integrated business administrative solutions that help clients efficiently manage their internal processes, allowing them to focus on core competencies. ADP ES' offerings include both traditional and Internet-based outsourcing products and services, giving clients the ability to select from ADP's comprehensive range of World Class Service solutions. Services include: payroll, tax regulatory management, HRMS, benefits administration, time and labor management, retirement plan services, online recruiting, and pre-employment screening.

For more information about ADP Employer Services, or to contact a local ADP sales office, reach us at 1.800.225.5237, ext. 124, or visit the company's Web site at www.adp.com.

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

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