TIW Technology, Inc. Partners With BizNet Software to Fortify Financial Reporting Within Its ALERE® Solution

DALLAS and EASTON, Pa., Sept. 28 /PRNewswire/ -- BizNet Software and TIW Technology, Inc. today announced a partnership agreement to integrate the BizNet Excel® Business Information Suite with TIW's ALERE® Accounting solution and to designate the BizNet suite as TIW's preferred financial reporting solution.

ALERE® Accounting is a comprehensive accounting solution for the mid-market. Among its optional features, ALERE® offers users the ability to format, analyze, merge and export Excel®-based reports. According to TIW president, Rod Hatcher, functional and support issues with his company's long-time financial reporting provider compelled him to make the switch to BizNet. "There certainly is a demand in the marketplace for an Excel-based reporting system and BizNet represents an opportunity for us to align with a company that is much stronger in the market, with a much more sophisticated tool set."

The BizNet Excel® Business Information Suite offers businesses a one-stop business intelligence solution for the day-to-day challenges they face in compiling Excel® reports and accessing, analyzing and distributing data throughout the organization. The suite consists of three products, BizInsight™, its reporting and business intelligence component; BizContent™, which provides real-time database connectivity and consolidation, extending and automating the sharing of data and existing spreadsheets between business systems; and BizBroadcast™, which enables organizations to automate the creation and distribution of Excel® reports in a variety of formats and methods.

Mr. Hatcher sees the nature of BizNet's financial reporting and interpretation capabilities as aligning closely with ALERE® Accounting, particularly for his larger customers. "They're the ones who have the time and resources to want to take that ability to analyze their business to a more sophisticated level. ALERE® provides all the tools and reports necessary for day-to-day business activity, whereas BizNet steps it up a level on the analysis side of the business. They offer more trend analysis, beyond simple accounting. The bottom line is that we and BizNet have a mutual approach. We're a real-time system with a lot of drill-down capabilities, which is exactly what they are; they're a natural extension of what we do, and that's going to provide a lot of value to users who want to have a better insight into their business."

BizNet president & CEO, George McMann, sees strategic benefits for both companies. "Making the BizNet Excel® Business Information Suite available to TIW's customers is a critical step in establishing BizNet as the industry standard for reporting solutions. TIW's customers, on the other hand, will now have access to a fully updated and sophisticated financial reporting system that's affordable, easy to use, powerful and one developed specifically for distributing and transferring data in the most widely used reporting solution of them all - Excel®."

ABOUT BIZNET SOFTWARE:

BizNet Software®, Inc. (BizNet) builds pre-integrated Excel-based business reporting and analytics products for the mid-market. Founded in 1996 to take the mystery out of databases, BizNet focuses on data integration guided by financial and accounting professionals with a real-world understanding of corporate financial, operational and technical requirements to extract and present data with efficient, powerful and easy-to-use tools that leverage existing financial and desktop systems. Its flagship product BizInsight creates a real-time link to business data for dynamic access to the most accurate and current data in Excel-based spreadsheet reports. Built upon fundamental accounting disciplines and controls, BizNet solutions create a self-sufficient work environment for professionals that streamlines workflow and improves productivity. BizNet Software is a privately held company based in Dallas, TX. More information about the company is available at http://www.biznetsoftware.com.

ABOUT TIW TECHNOLOGY, INC.:

Since 1983 TIW has been providing software solutions for businesses. Clients, who range in size from small operations all the way to substantial mid size corporations, rely on applications from TIW. They do so because of the considerable experience that is used by TIW to develop sophisticated accounting and manufacturing products designed to fit the needs of their business. The TIW focus is on solving functional problems that are roadblocks to growing companies. We do this by placing an emphasis on the details that make day-to-day activities run smoothly. This approach is best exemplified in the ALERE Accounting product, which breaks new ground by incorporating functionality that, before now, has simply not been available to business users. More information about the company is available at http://www.tiwcorp.com.

Microsoft and Excel are either registered trademarks or trademarks of Microsoft Corporation in the United States and/or other countries.

SOURCE BizNet Software, Inc.