New Solution Features Built-in Compliance with
Defense Contract Audit Agency and FAR Requirements
McLean, Virginia â February 24, 2000 â DeltekÂ® Systems, Inc. (NASDAQ: DLTK) (www.deltek.com). Deltek Systems today announced the general release of GCS Premierâ¢, a comprehensive DCAA and FAR compliant project and financial accounting solution especially designed for small to mid-sized government contractors.
GCS Premier's highly intuitive and interactive design makes it very easy for project managers, accounting staff and senior executives to access real-time project, contract and financial data online. The product's built-in compliance with government contracting requirements will enhance their ability to respond quickly to government auditors and procurement managers. GCS Premier also features an interface with ET Enterpriseâ¢, Deltek's advanced electronic time and attendance system for companies with especially complex time capture and reporting requirements.
Susan O'Dea, Deltek's Vice President of the GCS Premier/System1 Product Group, states that "Today's general release of GCS Premier is an essential step forward in Deltek's mission to deliver the most streamlined and fully compliant government financial management solution available."
O'Dea adds that "We expect that many of our first customers will be among the nearly 1,200 users of System1Â®, Deltek's original DOS-based accounting solution for government contractors. GCS Premier combines the best functionality, features and benefits of System1 with a WindowsÂ®-based operating environment, thus preserving many of the essential applications on which System1 users have come to rely. We're confident that GCS Premier's ease-of-use and intelligent business fit will empower government contractors to manage contracts with superior efficiency and effectiveness, and to achieve more profitable project and firm-wide financial performance."
Alpha Corporation has been a Deltek client and System1 user since 1995 and was also a GCS Premier beta partner. "GCS Premier's Windows-based operating environment makes it much easier for our project managers and accounting staff to perform multi-tasking operations," states Alpha's Controller, Jerry Falvey. "It streamlines the process for generating reports and comparing revenue, billing and budgeting data, while preserving the best features from System1, such as job costing tools and the ability to adapt quickly to changes in cost structure."
Falvey also highlights the fact that "GCS Premier is exceptional at providing highly detailed tracking of billing and accounts receivable by both customer and project. This is really helpful for running aging and collection reports, especially when we need to track the payment history on multiple projects belonging to a particular customer."
"We were very pleased that Deltek invited Alpha to join in the beta testing process for GCS Premier," Falvey concludes. "It gave us a valuable opportunity to contribute to the product's final development." Alpha Corporation is a full-service engineering consulting firm that provides civil and structural engineering, transportation, and construction management services to state and federal agencies, municipalities, private enterprises, and contractors. Headquartered in Sterling, Virginia, Alpha currently has over 80 employees and engineers at sites in Virginia, Massachusetts, and Maryland.
Mark Randolph is the CFO for The Delphi Groupe, Inc., which became a GCS Premier beta partner after using System1 since 1995. Randolph states that "We really like GCS Premier because it dramatically simplifies and speeds the whole process for checking on project status, accessing contract accounting and financial data, and producing the built-in government compliant reports. The organizational breakdown structure component in the product's general ledger module is especially important to us, because we can now track costs and profitability by division to more closely reflect the company's organization. Migrating to GCS Premier was also a snap, because it contains essentially the same critical processing programs that Deltek designed for System1."
The Delphi Groupe, Inc. provides information technology solutions, business development consulting, and engineering consulting services to private industry and government clients. Delphi is headquartered in Austin, Texas, and currently has over 25 employees and project managers at sites in California, Nevada, New Mexico, Ohio and Texas.
Deltek's President and CEO, Ken deLaski states, "We are very pleased with today's general release of GCS Premier. The product represents Deltek's many years of experience in providing solutions to project-based organizations that earn revenue from government contracts. GCS Premier provides small to mid-sized government contractors with superior tools for making smart business and project management decisions, and we're confident that GCS Premier will help our clients achieve project-business success."
About Deltek Systems, Inc.
DeltekÂ® is a leading provider of business software and solutions to companies in professional services and project-based industries. The company's solutions encompass project and financial accounting, customer relationship management, time and expense reporting, proposal automation, project and resource management, human resources and payroll, business intelligence, and e-business for service firms. Deltek supports over 5,000 businesses worldwide with a dedicated staff of 700 professionals, each contributing unique knowledge and experience in all areas of professional services automation.
The company's integrated services offerings include premium-level customer support and software maintenance for all registered customers, implementation and practice management consulting, and classroom training. For more information, visit Deltek at www.deltek.com, or call 800/456-2009 in the U.S., and +44-07000-335835 in the U.K.
Deltek Media and Investor Relations Contacts:
K. Allen Farber, Press Officer
Deltek Systems, Inc.
8280 Greensboro Drive
McLean, VA 22102
Voice: 800/456-2009 x4544
Babette J. Aller, Investor Relations Manager
Voice: 800/456-2009, x4444