UK financial software house Quality Software Products Plc is opening up the financial data stored in its ledgers to a far wider audience with web extensions in the latest release of its flagship QSP Financials. Through a strategic alliance with business intelligence tools vendor Cognos Inc, QSP Financials 4.5 includes Enterprise Web extensions, including a […]
UK financial software house Quality Software Products Plc is opening up the financial data stored in its ledgers to a far wider audience with web extensions in the latest release of its flagship QSP Financials. Through a strategic alliance with business intelligence tools vendor Cognos Inc, QSP Financials 4.5 includes Enterprise Web extensions, including a Java-based Web User Interface which enables any user anywhere to access the full QSP Financials suite from a standard web browser. The company has shied away from delivering fancy graphics and kept a simple character-based front-end which sits in less than 150Kb RAM and can be run on even a hand-held personal computer. The second part of the web extensions is a set of Java applications for customers and suppliers, to enable companies to open up certain parts of their financial information to trading partners, for example enabling them to perform account queries, stock monitoring, repeat ordering and the like. Version 4.5 is fully Year 2000-compliant in all components, which means the company has tested not only its own modules, which it says have been compliant for a couple of years, but also it has tested the software with Year 2000-compliant versions of the databases and operating systems the software runs on, to ensure these are compliant and feed the right dates to QSP software. The company expects to see many of its existing customers upgrade to version 4.5 as part of their Year 2000 plans, and also hopes to attract new business with the Cognos deal. Users will have the facility to use Cognos business intelligence tools to extend the reporting and analysis capabilities of the package out from the financial users to the likes of business managers and cost center managers. The two companies are also working on a HeadStart package of pre-defined reports and analyses. Quality Software is still trying to get itself back on track following plummeting profits last year, and its boardroom re-organization (CI No 3,128). Marketing manager David Pinches, who joined the company at the time of the re-shuffle from accounts software firm Sage Plc, says the company’s main focus now is profitability. Last year the company just about broke even on revenue of 25m pounds, of which 50% was from the UK, 30% Australia and 20% US, and analysts are predicting revenue of 30m pounds with profits around 2m pounds for the year ended December 1997, when results are published in about six weeks.