PRESS RELEASE

 

PROCESSION LAUNCHES VERSION 3.5 OF ITS FINANCIAL PLANNING SUITE

INVOICE Module now available

CHESHAM, United Kingdom. May 7th 2002. Procession today announced the release of version 3.5 of the Procession Financial Planning Suite (FPS), its sales & revenue forecasting system.

This release provides a complete new module to control the forecasting of invoices and their production. This new module integrates seamlessly with the Opportunities and Recognised Revenue modules, and provides similar functionality.

As an opportunity progresses through the sales cycle, it reaches the point at which invoice forecasts should be made. The sales person is prompted to select the relevant 'spread', and the invoice forecasts are generated automatically. These can be modified manually, or will be modified automatically should the opportunity details change.

Sales users can view the details of the invoice forecasts, can analyse them through monthly and quarterly invoice forecast reports, and use Procession's unique ClickThru™ capability from the invoice Stagger Chart. The invoice Race2theFinish™ report provides full gap analysis between current performance and targets, and the Management Dashboard provides visual analyses of performance.

Procession's Financial Planning Suite is a flexible and sophisticated solution that enables companies to perform and monitor a number of essential forecasting functions, such as sales, revenue and commissions. The system is simple and quick to use, and can be accessed and updated in real-time via a standard browser.

In common with other Editions of Procession®, the Financial Planning Suite is a highly scalable, standards-based solution providing a comprehensive, secure and tiered access audit trail.

About Procession plc
Procession develops and markets process-driven software that enables customers to automate key business methods, reducing costs and improving performance across the enterprise. Procession's easy-to-implement, highly scalable solutions are based on open standard technologies and Internet architecture, providing key personnel with critical business information whenever and wherever they need it. The Editions range delivers solutions tailored for particular functions within an organisation, such as revenue forecasting. Procession's customers include leaders in finance, high technology software and government agencies.

Headquartered in Chesham, United Kingdom, the company is currently expanding its operations to support the global marketplace. More information can be found at www.procession.com.

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