For immediate release
Latest release of Accredo software helps NZ businesses grapple with fluctuating kiwi dollar
AUCKLAND 27 May 2009: New Zealand owned and operated software provider, Accredo, announced today it has launched Version
3.0 of its business software solution, featuring full foreign exchange functionality.
Accredo General Manager Tish Brindle says the release of Version 3.0, one of the largest in the company’s 25 year
history, is extremely timely.
“We have a large number of growing small to medium sized New Zealand companies who operate importing and exporting
businesses. This release provides them with a robust, full function foreign exchange capability at a time when our
volatile exchange rate has made foreign exchange management a pressing concern for New Zealand businesses.”
She says the current economic downturn coupled with the ongoing fluctuation in the New Zealand dollar requires
businesses to better manage their foreign exchange processing.
“The unpredictable nature of the kiwi dollar is having a direct effect on the bottom line of many businesses. Its
current variability means companies can go from making a significant margin, to making a loss, over night.
“Version 3.0 is designed to make it easier for business owners to manage exchange fluctuations and revaluations,”
Brindle says. “It is designed for those businesses that have to manage complex ongoing foreign currency calculations and
processes, right down to those who simply need to fix an exchange rate for the occasional offshore transaction.”
Brindle says Version 3.0 facilitates foreign currency hedging. “Businesses can lock an exchange rate for any given
transaction and it will flow on through the system based on what it was set to when the original purchase or sales order
was entered.”
The new release contains significant new non-foreign exchange functionality as well, says Brindle, with enhancements to
budgeting and sales analysis – areas of key concern to customers.
“The increased power of Accredo’s budgeting functionality will give better visibility of business performance. It will
help answer the ‘what if’ question, allowing owners to examine forecasted performance against actual performance, across
a wide number of key business areas.”
Version 3.0 also includes a revision to Accredo’s sales analysis reporting. “The new version of sales analysis is a
simple to use but powerful tool which lets users query the sales history in the system. You tell it what you want to
know, how you want it grouped and summarised, and it figures out how to do it,” says Brindle.
She says the sales analysis tool delivers specific information without producing pages and pages of data which then
needs to be manipulated in a spreadsheet.
“We have concentrated on making it simple for the business owner to operate. Once installed, the user it does not
require any technical knowledge to run report queries.”
ENDS