FiNetrics™ to Launch Online Financial EcoCenter; Announces Partnership with SAP to Deliver Internet Accounting and Financial Applications

FiNetrics first to deliver SAP-based Internet accounting to small- and medium-sized businesses

LAS VEGAS, NEVADA - JUNE, 14, 2000 - Today at SAPPHIRE® 2000, the SAP (NYSE ADR: SAP) annual customer conference, FiNetrics, Inc., an Internet company developing an online Financial EcoCenter™ for small- to medium-size businesses, announced its plans to deliver a comprehensive suite of integrated web-based financial applications and services. In addition, FiNetrics announced that it will be a new SAP application service provider (ASP) partner, delivering the first Internet-based accounting solution to the small- to medium-sized business market that leverages the power of mySAP.com to manage the rapidly evolving finance and accounting operations of these businesses.

Until now, small- and medium-sized businesses had to rely on multiple off-the-shelf financial software packages that do not work together or support a growing company's increasingly complex financial reporting needs. The alternative - building a financial staff and the technology infrastructure required to support accounting and finance departments - drains resources and management attention from the company's core business strategy. As a result, analysts project that these businesses will increasingly turn to web-based solutions to outsource their finance and accounting processes. Forrester Research*, a leading technology analyst firm, asserts that the small-to medium-sized business market represents the fastest growing segment for outsourced solutions license revenues. The study also projects that the market for finance and accounting hosted applications will be more than a billion dollars in 2003.

FiNetrics will consolidate and integrate the fragmented financial services market for small- and medium-sized businesses into a comprehensive website where companies can manage all their financial processes and gain access to experienced financial professionals. Through its online Financial EcoCenter, FiNetrics will combine powerful web-based applications with financial expertise to provide a single source to manage all of a company's accounting and tax, banking, insurance, leasing, and payroll operations. Designed to operate as a financial ecosytem, FiNetrics will deliver integrated fulfillment, customer service, and reporting for every aspect of a business's financial needs.

SAP Partnership
As a new ASP partner, FiNetrics will offer the first SAP-powered online accounting solution for the small- to medium-sized business market. FiNetrics is a comprehensive resource that will provide a web-based accounting system and dedicated expert financial consulting to meet the sophisticated financial needs of the small- to medium-sized business. The easy-to-use web accounting system leverages the robust functionality of core SAP Financial applications delivered within mySAP.com to enable the small- to medium-sized business market to manage bookkeeping, bill payment, customer invoicing and financial reporting securely and efficiently online.

"Through our partnership with SAP, we can make the robust SAP financial applications that support large enterprises available to the 8 million small- to medium-sized companies in the United States," said FiNetrics President Ken Mueller. "And because the FiNetrics solution is based on the SAP engine, companies can be confident that, when their business needs grow, their financial systems and data can seamlessly migrate to next-generation SAP solutions."

FiNetrics' solution will be especially critical to the high-tech and high-growth businesses that FiNetrics is targeting. Those businesses need a flexible finance and accounting system that can support their sophisticated and evolving financial needs. FiNetrics will provide round-the-clock technical and application support and access to experienced financial professionals, including certified public accountants, through a partnership with a Big 5 accounting firm.

"The partnership with FiNetrics provides SAP with a new opportunity to tap into the fast-growing small- and medium-sized market, laying the groundwork for long-term relationships with businesses in their earliest stages of growth," said Allen Brault, SAP VP of Small & Medium Business. "At the same time, the FiNetrics partnership reinforces SAP's leadership as the e-commerce engine of choice for New Economy businesses."

About FiNetrics
FiNetrics, Inc., is an online Financial EcoCenter that provides a comprehensive suite of integrated web-based financial applications and services to small- to medium-sized businesses. The FiNetrics EcoCenter will consolidate and integrate the fragmented financial services market for the small- and medium-sized business customer into a single resource offering accounting and tax, banking, insurance, leasing and payroll solutions, freeing businesses from costly investments in the technical and human infrastructure to support such systems. For additional company or product information, please call 630-799-7500 or visit the website at www.FiNetrics.com.

*Dec. 1999, Forrester Research, "Sizing App Hosting"

FiNetrics is a registered trademark of FiNetrics, Inc. All other trademarks are the properties of their respective companies.

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