Compleat Software Announces Spend Control Workshops With Four New Channel Partners to Enable Commitment Accounting

GUILDFORD, England - Spend Control Workshops During May, June and July Provide Attendees With the Opportunity to Benchmark Their Purchasing Processes Against Commitment Accounting

Compleat Software Limited www.compleatsoftware.com (formerly Vectra IT Limited), a provider of e-procurement, expense and cashflow management solutions, today announces four new channel partners for its e-procurement software - Compleat - that enables web-based purchase ordering, commitment accounting and better cashflow management.

In collaboration with these four new channel partners, Compleat Software is hosting a series of workshops during May, June and July, providing attendees with the opportunity to review their purchasing processes against a fully automated purchase to pay methodology, and commitment accounting, in an informal and informative environment. The workshops are completely free of any charge, and are open to finance teams, Finance Directors and anyone interested in reviewing their purchasing processes and improving spend control. Compleat Software’s Spend Control Workshops are being run across the UK and are currently scheduled to run on the 27th of May in Guildford, 9th of June in Norwich, 11th and 25th of June in London, 12th of June in Chelmsford, 16th of June in Ipswich, and the 19th of June in Maidstone. For further details of dates and venues and to register interest in the Spend Control Workshops and commitment accounting please visit www.compleatsoftware.com

Compleat Software’s new channel partners are Wave Consulting, Gyrosoft, Benteq and business insights group, who join the channel programme since the announcement of its launch on 04 December 2008. Each partner is running a series of Spend Control Workshops to enable businesses to review their processes against commitment accounting and improve spend control tinyurl.com/r7lbz4

Wave Consulting is a provider of independent business systems consulting to promote best practice and the use of an appropriate combination of business process, technology, software, configuration and training according to business requirements.

Compleat Software also welcomes Gyrosoft - an award-winning Microsoft Gold Certified partner providing Microsoft Dynamics GP, Microsoft Dynamics CRM and Pegasus Opera II to small to mid-size corporates.

Benteq is a supplier of ERP systems based on Microsoft Dynamics GP and other leading technologies, and is a Microsoft Gold Certified Partner.

business insights group is a Microsoft Gold Certified Partner providing end-to-end Financial and Administrative Solutions for the Education sector.

Compleat Software’s partners are running Spend Control Workshops to enable businesses to review their processes against commitment accounting and improve spend control tinyurl.com/o7jfup

Compleat Software also announces a further GBP340k of working capital from the Stockford Group to support the significant demand for Compleat e-procurement and expenses software.

Neil Robertson, CEO of Compleat Software, comments, “The reseller community is already experiencing a growth in new sales deferrals as prospective customers start to hang onto their cash, perpetuating the general business decline. The finance director’s focus and priorities have changed - their priority is the conservation and maximisation of cash, and we are running the Spend Control Workshops to show the benefits of commitment accounting. This downturn is of particular concern to many accountancy and ERP resellers, as changing an accounting system is often seen as a discretionary spend - which gets shelved. Yet those same resellers are extremely well placed to exploit the new demands for commitment accounting and improved financial control by expanding their existing expertise and financial knowledge into e-procurement. Compleat offers the ideal proposition for partners - a compelling solution that a significant proportion of their customers will understand and engage with that leverages the knowledge and experience of the partner’s staff.”

Neil Robertson, CEO of Compleat Software concludes, “Compleat offers a very compelling proposition to both finance directors and channel partners that are particularly relevant in a recession when cash becomes king. The new funding and growth of the Compleat Software partner base provides the ideal platform to continue our rapid expansion, including additional Spend Control Workshops to help business to understand the benefits of and achieve commitment accounting.”

Compleat is a mature and fully-proven solution with a customer base that spans multiple vertical markets such as Financial Services, Sport / Event, Design, Property Development and Property Management, Education, Retail and Hospitality. In excess of GBP3billion is spent annually by over 3,000 users running Compleat Spend Control, from smaller operations right through to household names.

About Compleat Software Limited

Compleat Software Limited (formerly Vectra IT) is a provider of e-procurement and expense solutions for the mid-large marketplace. Committed to product and client satisfaction it strives to be at the forefront of technologies in order to provide best-of-breed software solutions.

www.compleatspendcontrol.com

About Compleat Procurement

Compleat from Compleat Software Limited is a Microsoft web-based e-procurement and expense solution that tightly integrates with most mid-ware accounting solutions. Providing your business with immediate cost-control, Compleat controls all aspects of your company’s procurement cycle. With the most advanced, customisable workflow solution and real-time financial integration Compleat provides a winning procurement framework.

About Stockford Group

Stockford is the principal investment holding arm of Sir Peter Michael’s private office.

Sir Peter is a veteran of industry and investment, having created, backed and/or chaired numerous IT and media companies including UEI plc, Cray Electronics plc, Neverfail Group Ltd, Classic FM plc and GCap Media plc.

Stockford’s other holdings and interests include: The Vineyard Hotel, The Peter Michael Winery and Highcross, a GBP1bn fund management group.

Stockford’s interest in Compleat Software is represented by William Wallis, a former corporate lawyer and long standing colleague of Sir Peter’s, who heads up Stockford’s venture business.

For further information, please contact: Clare Granville/Krista Cundy The itpr Partnership t. +44(0)1932-578-800 www.itpr.co.uk

Source: Compleat Software Limited

For further information, please contact: Clare Granville/Krista Cundy, The itpr Partnership, t. +44(0)1932-578-800