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NetLedger Introduces Version 8.0 of Oracle(R) Small Business Suite

New Enhancements to Most Widely Used Online Business Application Make It Easier to Run a Growing Business



SAN MATEO, Calif., Oct. 15 /PRNewswire/ -- NetLedger, Inc., makers of Oracle Small Business, today announced a new release of Oracle Small Business Suite, which significantly enhances the solution's functionality, ease of use, and reporting. These significant new features and enhancements were prioritized based on input from customers. Current users of Oracle Small Business Suite automatically receive this upgrade free of charge. The Oracle Small Business Suite name is used under license from Oracle Corporation (Nasdaq: ORCL - News).

All aspects of Oracle Small Business Suite benefit from the new enhancements including: Sales Force Automation, Customer Relationship Management, Web Store, Order Management, Employee Center, and Accounting and Payroll. These new features and enhancements focus on usability, customization tools and reporting capabilities. With 5,500 companies using Oracle Small Business Suite, NetLedger is the leading provider of an integrated back office/front office online suite of applications.

   Important features in this new release include:
   -- Functionality enhancements -- This release includes major new
      functional enhancements that were prioritized based on customer
      requests.  The top requested features in this release include direct
      deposit, electronic funds transfer, multiple ship capability, enhanced
      Web Site customization, and flexible reporting additions.
   -- Advanced usability and workflow -- New features include customizable
      drop-down menus and streamlined data entry forms, which greatly enhance
      ease of use.  Oracle Small Business Suite also includes pre-defined
      "centers" for each user type -- a Support Center, Sales Center,
      Accounting Center, etc.  These centers have portal user interfaces that
      reflect job functions and speed the workflow within and between
      centers.  Unlike competing products, Oracle Small Business Suite has
      flexible roles and permissions that allow users to create centers that
      give their employees just the feature set they need to do their job.
      No time is wasted on wading through menus to find the information they
      need.
   -- Flexible customization -- Users now have the ability to customize
      terminology to match their company's needs; for example, they can
      change an "estimate" to a "quote."  Additionally, users can create
      custom fields to track information that is specific to their business
      and can customize forms such as invoices and sales orders by adding
      custom fields, hiding existing fields and modifying the layout of the
      form.


"After a year of being an Oracle Small Business Suite customer, I have been impressed by how responsive NetLedger is," said Robert Ferrand, owner of SaddleTech, a manufacturer of horse and saddle measurement instruments. "Whenever a part of the product could be enhanced, it happens. Thanks to improvements in the Oracle Small Business Suite, my business is being simplified, my marketing strategy is improving and -- as a welcome surprise -- I'm saddling more horses than ever before."

"Our customers told us they wanted better usability, reporting and advanced technology, and in this release they got that and much more," said Zach Nelson, president of NetLedger. "With this release of Oracle Small Business Suite, the best solution for running a small business just got a lot better."

In more detail, important enhancements made to Oracle Small Business Suite include:

   In Sales Force Automation and Customer Relationship Management:
   -- Marketing -- Enhancements to the promotion code feature gives users the
      ability to track separate promotion codes for each individual
      transaction, and allows them to track ongoing marketing campaigns and
      to manage promotions after customers have been acquired.
   -- Customer Center -- New 'Extranet' feature allows businesses to publish
      information and share documents with individual customers, or groups of
      customers.
   -- Partner Center -- New 'Extranet' feature allows businesses to publish
      information and share documents with individual partners, or groups of
      partners. In conjunction with the existing customer registration and
      reporting capabilities, a business can more effectively manage their
      channel relationships and customer acquisition opportunities with their
      partners.
   -- Vendor Center -- New 'Extranet' feature allows businesses to publish
      information and share documents with individual vendors, or groups of
      vendors.

   In Accounting:
   -- Direct Deposit -- New feature allows businesses to give employees the
      option of direct deposit for their paychecks.
   -- Electronic Funds Transfer -- Businesses can let their customers pay
      bills electronically.
   -- Multiple Addresses -- Businesses can store multiple "bill to" and "ship
      to" addresses for their customers, vendors and partners and select them
      when creating transactions.
   -- Locations -- Locations have been added to provide a third level, along
      with department and class, of classification for business information.

   In Web Store:
   -- Re-designed Checkout Flow -- The checkout process in the Web Store has
      been enhanced to improve usability.  Customers can now enter and/or
      select from multiple addresses stored in their customer profile.
   -- Related Items/Cross-Sell -- Businesses can now cross-market related
      products and display them on the appropriate pages in their store to
      increase sales.
   -- Real Time UPS Integration -- UPS integration allows users to
      automatically calculate exact UPS shipping charges when orders are
      entered or when customers buy from their Web store.  In addition, users
      can easily add additional handling charges and even allow their
      customers to follow orders with UPS tracking numbers.

   In Employee Management:
   -- Intranet -- This new feature allows any information (e.g. Departmental,
      Human Resource or other employee-related documents) to be published
      directly to users from within their user center.  Content tabs appear
      alongside the tabs containing Oracle Small Business Suite application
      functions ensuring that information is available to employees with a
      click of their mouse.
   -- Personalized Content -- This is an extension of the Intranet
      capabilities.  Personalized Content allows businesses to define who can
      see information published to employees to allow the creation of secure
      intranet pages to which only specific employees have access.
   -- Employee Directory -- Businesses can now automatically publish contact
      information for all their employees, which is available in each user's
      center.


Oracle Small Business Suite is one completely integrated application to help small businesses manage their entire company more efficiently, including accounting and finance, sales and service, Web presence, and employee management. Companies can save time and money by utilizing one centralized and up-to-date database, ending the headache of using multiple incompatible applications. With anytime, anywhere Web access, the award-winning solution is the first and only multi-user, multi-location, complete small business management solution.

Pricing and Availability:

Oracle Small Business Suite Version 8.0 is available late October at www.netledger.com. The Suite is priced at $1200/year for the first user, and $50/month for each additional user.

About NetLedger, Inc.

Founded in 1998, NetLedger, Inc. is a leading provider of application software for small and mid-sized businesses. In addition to NetLedger Advanced Accounting, NetCRM and NetSuite, NetLedger's products also include Oracle Small Business Suite, which has won many prestigious industry awards, such as the PC Magazine Editors' Choice Award in 2001 and 2002; PC World Best Bets 2001; PC World 2001 World Class Award; Forbes.com Best of the Web 2001 and 2002; and Upside Hot 100 2002. NetLedger also provides enhanced, integrated solutions through its strategic partnerships including Yahoo! Inc., Paytrust, and Innovative Merchant Solutions. The company currently has more than 5,500 companies using its products and the company's investors include Larry Ellison, StarVest Partners L.P., ADP and PaineWebber. For more information about NetLedger visit www.netledger.com.

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