XLerant Awarded 100 Seat Contract with Texas Non Profit

For Immediate Release
Business, Technology Editors
Contact: Info@XLerant.com

XLerant's budgeting software brings "intelligent guidance" to enterprise budgeting

"We're very excited to be working with the Baptist General Convention of Texas, a recognized leader among nonprofit organizations," XLerant president Lawrence B. Serven.

Stamford, CT, June 2, 2008 – Stamford-based XLerant, Inc. was recently awarded a contract to install their software budgeting tool, BudgetPak, at the Baptist General Convention of Texas, located in Dallas. The BGCT is a non profit organization which connects 5,600 churches across Texas.

"We evaluated a lot of planning software and from an input perspective, they all looked like common spreadsheet applications, except for BudgetPak," noted Jill Larsen, CFO of the BGCT.

"BudgetPak is clearly the most user-friendly we evaluated," she continued. "And that's important because our people not only budget for many accounts, but each center budgets for multiple projects every year, hundreds by the time the budget is finalized. It's the way we intelligently manage our costs. So we really needed something powerful that everyone could use. And we were impressed that BudgetPak eliminated the need to train people on specialized commands and formulas by providing an interface of plain English prompts and selections. I've never seen anything like it."

BGCT managers will be using BudgetPak for their 2009 budget cycle, starting in June 2008. "With hundreds of accounts and projects, it's a robust implementation and we're excited to get it done in a very short timeframe," noted Serven.

XLerant works with clients in the manufacturing, technology, higher education, insurance, engineering, non profit, and services sectors to provide and implement full service financial software solutions.

XLerant's BudgetPak®, uses a BudgetAgent to automate the interview process that an experienced financial analyst conducts when helping a manager build his or her budget. BudgetPak can work directly with line managers to formulate valid cost center budgets the first time round, saving countless hours of budget validation and rework.

BudgetPak is an open solution that works alone or with any existing enterprise planning system to extend their value to non-finance professionals, and provides powerful tools to finance professionals to help manage and control the budgeting process, and get at the right answers.

For more information on XLerant's products and services, please visit them at www.XLerant.com.

Ph: 203/328-3787 | © 2008 - XLerant