Contact Information: Press Contact: Cynthia Sutton Sage Software (703) 793-2700 x 3032 cynthia.sutton@sage.com
HERNDON, VA -- (MARKET WIRE) -- May 7, 2007 -- Sage Software today announced that its Sage FAS
Fixed Assets business is celebrating its 25th anniversary. With software
solutions for fixed asset accounting, fixed asset inventory, report
writing, construction in progress accounting, and legislative and
regulatory compliance, the Sage FAS product line helps customers get total
command and control over the entire fixed asset lifecycle -- from
acquisition to disposal. Since 1982, Sage FAS products have served more
than 100,000 users in public and private companies, and government and
nonprofit organizations, across the U.S. and Canada.
Jackson, Mich.-based Melling Tool Company, a motor vehicle parts and
accessories manufacturer with approximately 2,000 fixed assets, has been a
Sage FAS customer since 1987. "We continue to use Sage FAS, because the
product is simple to learn, and the annual updates for tax law changes have
consistently been reliable," said Mark Mandrick, Mellings' corporate
controller. "We compared FAS Asset Accounting with the fixed asset
management modules within ERP (enterprise resource planning) systems from
other vendors, and determined the Sage FAS product is superior to the fixed
asset modules that come with most ERP systems. Sage FAS easily integrates
with ERP systems too."
Sage FAS was first launched in 1982 as the Fixed Asset System under the
Best Programs banner from the Arlington, Va., garage of Jim Petersen, a
local entrepreneur whose vision was to develop and market PC-based tax
software for small to mid-sized companies. Best Programs grew quickly, so
Petersen moved to a true office off Interstate 395 in Shirlington, Va. In
1997, Best Programs became Best Software, and the company was acquired by
The Sage Group plc in January 2000. Best Software changed its name to Sage
Software in 2005.
"For 20 years, we have used FAS Asset Accounting to track, depreciate,
transfer, and dispose of our fixed assets," said Christine Mockenhaupt,
senior accountant for East Rutherford, N.J.-based Allied Building Products
Corp., one of the largest and most successful distributors in the building
materials industry, with operations in more than 165 locations and well
over one million square feet of warehouse and office space. "We have grown
a great deal over the last 20 years, but Sage FAS software continues to
meet our fixed asset management needs. We currently have more than 10K
fixed assets, and continue to add assets each month. Sage Software
provides quality customer support and always makes training available when
we need it."
Sage FAS has been constantly updated over the years, with a variety of name
changes. Long-time customers might remember such products as WinFAS and
FAS2000. Today's Sage FAS solutions deliver powerful, easy-to-use fixed
asset management solutions to companies of all sizes. FAS Asset
Accounting, FAS Asset Inventory, FAS Report Writer, FAS Construction in
Progress Accounting, and FAS Compliance Advisor provide fixed asset
depreciation calculations for financial and tax reporting, asset inventory
reconciliation, customized reporting, and legislative and regulatory
compliance. Sage FAS products integrate with many accounting and ERP
systems, including those offered from Sage Software.
For more information about Sage FAS Fixed Assets solutions, please call
800.368.2405 or visit www.sagefas.com.
About Sage Software
Sage Software supports the needs, challenges and dreams of more than 2.7
million small and mid-sized business customers in North America through
easy-to-use, scalable and customizable software and services. Our products
support accounting, operations, customer relationship management, human
resources, time tracking, merchant services and the specialized needs of
the construction, distribution, healthcare, manufacturing, nonprofit and
real estate industries. Sage Software is a subsidiary of The Sage Group
plc, a leading international supplier of accounting and business management
software solutions and related products and services for small and
mid-sized businesses. Formed in 1981, Sage was floated on the London Stock
Exchange in 1989 and the Group now has 5.2 million customers and employs
over 13,000 people worldwide. For more information, please visit the Web
site at www.sagesoftware.com/moreinfo or call (866) 308-2378.
© 2007 Sage Software, Inc. All rights reserved. Sage Software, the Sage
Software logo and the Sage Software product and service names mentioned
herein are registered trademarks or trademarks of Sage Software, Inc. or
its affiliated entities. All other trademarks are the property of their
respective owners.