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Press Release:
A New Expansion of the “Bridge” Released – ConcertPro™ 2.10

Sacramento, California . . . April 12, 2002 . . . New Generation Software, Inc. (NGS), an industry leader in the development of business intelligence and financial management software for the iSeries 400, announces a new release, 2.10, of ConcertPro. This client/server reporting module of NGS’ Concert Series™ Financial Management System, provides the bridge between the Concert Series General Ledger and iSeries 400 users’ Excel worksheets.

New enhancements include the capability to upload budgets and transactions to Concert Series G/L files. ConcertPro now allows users to take a general ledger journal entry from an Excel worksheet and upload it through the outside system interface to automatically create a posting batch. In addition, ConcertPro now allows users to automatically and systematically transfer new budget amounts from Excel to Concert Series G/L accounts on the iSeries 400.

The new “freeze and thaw” function of ConcertPro allows users to freeze formulas before they disconnect from their iSeries 400. Whenever they resume work and reconnect to the iSeries 400, ConcertPro can thaw the formulas, ensuring their most recent calculations are ready to use. Freeze and thaw is especially useful for remote or traveling users and managers, who often times work off line to create presentations and reports. Now, when they reconnect to their iSeries 400, the most recent data and balances can be downloaded with the recalculated formulas into ConcertPro.

In release 2.10 users can specify an account and download detail of posted journal history. General Ledger effective date, transaction amount, journal code, source code, and description of activities are a few of the detail information that can be provided.

ConcertPro retains its ability to accurately and quickly update Excel spreadsheets automatically with the latest Concert Series G/L data, thereby eliminating duplicate data entry. Users can then use Excel to filter, format, produce automatic subtotals, or create presentation-quality reports and graphs.

“Our customers have always felt ConcertPro was useful in providing their accountants and other users a Windows work environment. But now, customers are calling our Concert Series support team to enthusiastically report how these new features have streamlined and simplified data access and analysis,” stated Mary Lynn Treadwell, Manager of Marketing Communications.

First introduced by NGS in 1972, the Concert Series is a suite of integrated, yet modular applications for General Ledger, Accounts Payable, Accounts Receivable, Payroll and Human Resources. The advanced function modules seamlessly interface with other business applications, such as MRP/ERP. Concert Series is designed to track multiple companies, divisions and centers, while adhering to the security within OS/400.

Currently supporting over 20,000 worldwide users of the Concert Series financial management system and the NGS-IQ™ business intelligence solutions, NGS is an Advanced Member of IBM’s PartnerWorld for Developers and an IBM iSeries 400 “All Star.”

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