Pleasanton, Calif. (May 14, 2002) -- Accpac International has launched a new strategy of offering systems designed for accountants to use in running their businesses. It's is a departure from accounting software vendors' more traditional role of using accountants primarily to resell accounting software.Accpac's latest product release, "Business Analysis Suite" is at the core of the new strategy. The package of financial diagnostic applications is designed for accountants to use in analyzing their business clients' financial numbers thereby "creating a range of follow-on billable services," that can then be offered to those clients, Pleasanton, Calif.-based Accpac said.

The analysis tools can be used for a wide variety of consulting type services, such as assessing clients' new business opportunities, evaluating their overall financial health, including benchmark comparisons to competitors, business valuations, recovery and insolvency services, among many others. The program also conducts "what if" analysis of various business scenarios.

"We are interested in helping accountants themselves as opposed to using them as a conduits to get to their clients," Accpac chief executive David Hood said last week during a press briefing at the American Institute of CPAs' annual technology conference, where the new suite was officially unveiled. Accpac's other accounting business initiatives include PassOnline, which provides access to an Internet-hosted accounting software program via links on participating accountants' Web sites.

Accpac remains committed to its core business of developing, accounting, enterprise and electronic commerce software, and to recruiting accountants and non-accountants as resellers. For further details, visit or

-- John M. Covaleski


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