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Tallahassee, FL- March 6, 2000 -- Solution 6 Holdings Limited (ASX:SOH), the world’s leading provider of IT solutions to professional service firms, today announced that Pannell Kerr Forster, the eighth largest firm of accountants and business advisors in the UK, has purchased CMS OPENâ for use throughout all of its UK offices.
CMS OPEN is the global practice management and time and billing software system produced by CMS/Data Corporation, which was acquired by Solution 6 in October 1999.
Pannell Kerr Forster has more than 1,600 partners and staff, operating in over 25 offices around the country. Pannell Kerr Forster’s principal services include: assurance and advisory; consultancy; corporate finance; forensic; corporate recovery and insolvency; and taxation.
Winning Track Record
Following rapid business growth in the UK, Pannell Kerr Forster identified a need for a highly scalable practice management system. CMS OPEN has already proven its scalability, having been installed at client sites with over 5,000 fee earners in the US. The CMS OPEN agreement signed By Pannell Kerr Forster is for 1500 fee earners with the intention of expanding this number over the next few years.
According to Graham Betts, Finance Director of Pannell Kerr Forster, the decision to purchase CMS OPEN was based on a number of key factors. “CMS OPEN’s reputation for delivering on a timely basis and in an effective manner was a significant factor in our choice of this product. Also, we were looking for more flexible reporting capabilities, which CMS OPEN offers,” said Mr Betts.
“Solution 6’s stellar reputation and positive track record, as a leading provider of accounting services has been reinforced with this win. This is the first non-legal account for CMS OPEN in the UK. It is exciting to see CMS OPEN making inroads into the accounting practice management market as well as maintaining our lead in the legal practice management market,” said Brian Beattie, COO, Solution 6 Europe.
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About CMS OPEN
CMS OPEN is the Global Leader in Time and Billing systems. It is an industry-leading Windows-based, client/server, financial and information management system for law firms and other professionals. It operates on multiple operating systems, relational databases and hardware platforms including Windows NT, UNIX, Microsoft SQL Server 7.0 and Sybase. CMS OPEN is also compatible with all major software applications such as Microsoft Word, WordPerfect and Excel. The core product consists of General Ledger, Time Accounting, Expense Accounting, Accounts Payable, Accounts Receivable and Billing modules. The system can easily be enhanced with add-on modules such as OmniCurrencyä, Records Management, Profitability and CMS ALERT! CMS OPEN currently has over 250 client firms in 16 countries ranging in size from 20 to 5,000 professionals.
About CMS/Data Corporation
CMS/Data Corporation, a Solution 6 (ASX: SOH) Company, has provided software and technical support to the legal industry for more than 20 years. In recent years, CMS/Data has expanded into other service industries with timekeeping needs, such as accounting, engineering and computer consulting. The Global Leader in Time and Billing Solutions™, CMS/Data currently has over 250 clients in 16 countries. To date, CMS OPEN has been installed on over 100 Microsoft NT and SQL Server client sites. CMS/Data, headquartered in Tallahassee, has offices in New York, Chicago, Philadelphia, Los Angeles, Atlanta, Dallas, Denver, London, Toronto and Melbourne.
About Solution 6
Solution 6 is the world's leading supplier of IT solutions to professional service firms. The company currently holds the largest market share in Australia, New Zealand, South Africa and the UK in the practice management, client accounting and taxation markets and it also has a strong presence in the US and Continental Europe. Solution 6 is currently leading the market with its new application service provider (ASP) business. An ASP enables customers to operate business software via the Internet or through private networks. Solution 6 was established in 1981, became a publicly listed company in 1987 and currently has approximately 1,500 employees in 13 countries. Additional information on Solution 6 is available at http://www.solution6.comor by sending email to [email protected]
About Pannell Kerr Forster
Pannell Kerr Forster is the eighth largest firm of accountants and business advisors in the UK with more than 1,600 partners and staff operating in over 25 offices around the country. Principal services include: assurance and advisory; consultancy; corporate finance; corporate recovery and insolvency; forensic; and taxation. Pannell Kerr Forster’s web site address is www.pkf.co.uk. Pannell Kerr Forster is a member of the PKF International Association, which has more than 8,000 people operating in over 100 countries around the world.