Exact announces its Winter ’19 release

Offers powerful new cost control and efficiency benefits to SMEs

Delft, 22 January 2019 – The Exact Winter ‘19 release introduces over 200 innovations and new features that enhance collaboration and allows customers to efficiently control their costs.

The recently announced acquisition of expense management software provider SRXP and procurement software supplier ProQuro also significantly expands and strengthens Exact’s product portfolio. Expense management is a major challenge for SMEs and Exact had seen significant demand from its customers for a solution that would make this administrative process easier and more transparent.

Introducing Exact Purchase-to-Pay Premium
Exact Purchase-to-Pay Premium is a new automated procurement management solution, based on the acquired ProQuro product line, and benefits Exact Globe and Exact Synergy customers. It allows for an increased focus on budgets, profit margins and cost saving initiatives, while also significantly reducing the effort required at month-end closing.

SMEs increasing focus on cost control led to the acquisition of SRXP, the Dutch market leading provider of cloud expense management software. Exact is now able to offer solutions that reduce the time spent processing expense claims and preparing reports by approximately 75 per cent.

Recent acquisitions together with the features introduced in the Exact Winter ‘19 release, provide significant new cost management advantages. "Businesses focused primarily on growth must also effectively manage their costs”, notes Phill Robinson, CEO of Exact. “This can often take significant valuable time away from their core business activities. There are often hidden costs as it can be a challenge to get all relevant information together to provide a summary view and a clear overview of supplier contracts. With our Winter ‘19 release, we are helping companies gain a firm grip on their costs and allowing them to identify additional savings and efficiency improvements.”

In addition to new innovations that provide control over organisational spending, the Winter ‘19 release introduces over 200 new features and enhancements across the Exact product portfolio.

Strengthened Payroll for SMEs and accountants
Exact continues to strengthen its integrated finance and payroll proposition with enhancements that improve collaboration between SMEs and their accountants via a fully automated digital payroll process. Improvements have been made to the employee portal and mobile app to deliver a more intuitive user experience with alerting to prompt employees to view pay slips and annual statements. For accountants the improvements eliminate manual processing, allowing them to work more efficiently.

Direct savings through central PKI certificate
SMEs and accountants that work with Exact Online no longer need to purchase their own PKI certificate to submit VAT returns, ICP returns and wage declarations. Sending these returns to the tax authorities requires PKI certificate, an international standard for data and message security. From now, submissions made from Exact Online will use Exact’s PKI certificate. This creates a direct cost saving for Exact Online customers of 400 euros over two years.

Winter '19 release
The Exact Winter ‘19 release contains innovations for all Exact product lines. For a detailed overview of all innovations in the Winter ‘19 release, visit: https://www.exact.com/global/releases/Winter-19/