FireStream WorldWide, Inc. Signs Agreement with BizNet Software to Distribute BizExcelerator Business Reporting and Analytic Solution to FireStream Customers

Agreement places innovative Microsoft(R) Excel(R) -based solution in the hands of all new Ascend customers and provides an upgrade path for existing Microsoft FRx(R) software users.

DENVER and ST. LOUIS, May 20 /PRNewswire/ — BizNet Software and FireStream WorldWide, Inc. announced today that they have signed an agreement that will package BizNet’s BizExcelerator business reporting and analysis package with each new sale of FireStream’s Ascend petroleum business solution. Further, BizExcelerator will become the product migration path for current customers presently using Microsoft(R) FRx(R) software for financial reporting. Previously, FireStream distributed Microsoft FRx. Under the terms of the agreement, product support and training services will be provided by BizNet. The companies will jointly market the offering.

“We are extremely pleased to welcome FireStream WorldWide to our rapidly expanding list of partners and resellers that see the immense value BizExcelerator offers their customers,” stated Chris Scherpenseel, president of BizNet Software and former president of FRx Software Corporation. “Business users are comfortable using Excel for their reporting and analysis needs. BizExcelerator takes this familiarity and extends it by giving users access to the financial and operational data they need to meet all of their reporting requirements, using meaningful business terms. FireStream’s customers will be able to use BizExcelerator to access their wealth of data and use that information to measurably improve analysis and decision making.”

BizExcelerator provides intuitive and powerful reporting and analysis capabilities to business users, using Microsoft Excel(R) spreadsheet software as the end user experience for report development and sharing. The solution’s ability to link to real-time financial and operational data from across an ERP system gives users the assurance that they are working with data that is both secure and accurate. BizExcelerator’s unique ability to provide dynamic, multi-dimensional drill down to detailed information based on what the user is exploring provides a level of business insight not found with other reporting tools.

FireStream WorldWide is a global leader in providing technology-based business solutions to the downstream petroleum and fuel distribution market. With the announced agreement, integration between BizExcelerator and FireStream’s Ascend software solution will be developed and jointly marketed. FireStream’s Ascend back office and accounting software solution is designed to support the needs of a variety of downstream petroleum companies, including jobbers and retailers, as well as lubricant, propane, home heating and cardlock businesses.

“Every day, our customers are faced with reporting and analysis pressures to support their business,” commented Glenn Turner, CEO and founder of FireStream WorldWide. “We wanted to provide our customers with a solution that would meet this need, provide them with something they could implement with little effort, and help them realize immediate productivity gains. BizExcelerator does all that and more. Because it is a solution that doesn’t just access general ledger data, but data from across the ERP system, it’s the comprehensive reporting solution our customers have been asking for.”

About BizNet Software:

BizNet Software(R), Inc. (BizNet) builds pre-integrated Excel-based business reporting and analytics products for the mid-market. Founded in 1996 to take the mystery out of databases, BizNet focuses on data integration guided by financial and accounting professionals with a real-world understanding of corporate financial, operational and technical requirements to extract and present data with efficient, powerful and easy-to-use tools that leverage existing financial and desktop systems. Its flagship product, BizExcelerator, creates a real-time link to business data for dynamic access to the most accurate and current data in Excel-based spreadsheet reports. BizNet Software is a privately held company based in Denver, CO. More information about the company is available at http://www.biznetsoftware.com.

About FireStream WorldWide

FireStream WorldWide, Inc., based in St. Louis, Missouri, is a global company that helps clients gain a competitive advantage and achieve growth, efficiency and profitability through technology. FireStream serves over 450 customers in the downstream petroleum market with a unique suite of solutions directed to wholesale, retail and transportation. Find out more online at www.firestreamww.com.

Microsoft, Excel and FRx are either registered trademarks or trademarks of Microsoft Corporation in the United States and/or other countries.

    Company Contact:
    Eric Eager
    Vice President
    (972) 893-0000
    eeager@biznetsoftware.com

SOURCE BizNet Software, Inc.