Port Moody Wins Award for Excellence in Financial Reporting

British Columbia city levers agile reporting capabilities of Agresso Business World into fifth consecutive award

DALLAS, TX and VICTORIA, BC, April 20 /PRNewswire/ - UNIT4 Business Software, a top-six enterprise resource planning (ERP) software company and developer of the renowned Agresso Business World suite of ERP solutions congratulates the city of Port Moody, British Columbia, on winning the prestigious Canadian Award for Financial Reporting from the Government Finance Officers Association (GFOA) of the U.S. and Canada.

"We are extremely proud of our Finance Department for maintaining the highest standards of financial reporting," said Mayor Joe Trasolini. "This award clearly demonstrates that the city is committed to public disclosure. Port Moody residents can have confidence in the way the city does its financial business."

This marks the fifth consecutive year that Port Moody has been lauded for its exceptional financial reporting. This particular award pertains to the city's 2008 annual report, the preparation of which was completed in-house. Thanks to the agile nature of UNIT4 Business Software's product Agresso Business World (ABW), Port Moody's ERP platform, the municipality is able to easily deliver financial reports that are transparent, useful and easy to understand.

"Agresso Business World enables Port Moody to easily access information and create both regular and annual reports," said Paul Rockwood, director of corporate services, city of Port Moody. "It's important to members of city council that our reports provide the community with confidence in our leadership and with ABW, we're able to provide the transparency and disclosure that instills confidence in our residents."

"The ongoing recognition Port Moody receives for its financial reporting shows that combining a smart finance team with agile financial software will produce exceptional results, year after year," said Shelley Zapp, president, UNIT4 Business Software. "UNIT4 Business Software is proud to count Port Moody amongst its customers and congratulates them on this achievement."

According to the GFOA, the Canadian Award for Excellence in Financial Reporting Program (CAnFR Program) was established in 1986 to encourage and assist Canadian local governments to go beyond the minimum requirements of generally accepted accounting principles, or GAAP, to prepare comprehensive annual financial reports that evidence the spirit of transparency and full disclosure and then to recognize individual governments that succeed in achieving that goal.

About Port Moody, BC

The city of Port Moody is a growing community of 32,000 residents located 30 minutes east of downtown Vancouver at the head of the Burrard Inlet. To ensure results of the city council's long term planning is both tracked and monitored, the city deploys a modern suite of computerized accounting, planning and resource management systems. For more information on Port Moody, visit www.cityofportmoody.com.

About the GFOA

The Government Finance Officers Association (www.gfoa.org) enhances and promotes the professional management of governments for the public benefit by identifying and developing financial policies and practices and promoting them through education, training and leadership.

About UNIT4 Business Software

UNIT4 Business Software in North America (www.AgressoNA.com) is a wholly-owned subsidiary of UNIT4, a $517 million enterprise resource planning (ERP) company and a top six mid-market ERP software player globally. Agresso Business World is widely acknowledged as the business software solution that delivers the lowest Total Cost of Change. This is achieved thanks to its VITA(TM) architecture which allows for an unlimited amount of ongoing, post-implementation changes without the typical external IT costs and intervention that nets billions of dollars in revenue to the market leaders.

Over 3,000 companies and organizations in 100 countries deploy Agresso Business World for both operational support and strategic management. The company's role-based, Web Services and Services-Oriented Architecture (SOA) enabled solutions include: Financial Management, Human Resources and Payroll, Procurement Management, Project Costing and Billing, Reporting and Analytics, Business Process Automation, and Field Services and Asset Maintenance.

The names of actual companies or products mentioned herein may be the trademarks of their respective owners. Agresso, Agresso Business World, BLINC, and VITA are registered trademarks of UNIT4 Business Software.

SOURCE UNIT4 AGRESSO