FOR IMMEDIATE RELEASE
Greenwood Village, Colorado, September 30, 2008. eTEK International announced today plans to offer all versions of eTEK accounting & business systems as Software as a Service (SaaS) subscriptions.
Al Blair, president & CEO of eTEK commented as follows: "The software industry is evolving rapidly into a service-based industry. The benefits of this important trend are best understood by acknowledging that most small and medium-sized organizations do not want or need to purchase their new software with traditionally large "up-front" software license fees paid prior to training and implementation. Effective today, we are implementing a fundamental change in our approach to the software business by adopting a software as a service (SaaS) business model for all versions of our software. Given our track record of developing highly rated quality software, by adopting the SaaS business model, we offer eTEK customers the highest value possible in our industry."
"Most of our new customers will simply pay a modest 2-month subscription fee to get started, followed by subsequent monthly payments made automatically via their business credit/debit cards for whatever length of time they may desire. There are no long term contracts or commitments required. All costs of eTEK software licenses, training, support, and future updates are combined into one low monthly fee. eTEK SaaS subscription fees will typically range from $60/month/user for a GAAP-compliant, accrual based full-feature accounting system, to $215/month/user for a complete business system with multi-divisional/departmental accounting & financial reporting, budgeting, cash management, CRM, 50-state payroll, job costing/project management; and integrated ERP/supply chain management programs such as sales, purchasing and inventory control. While we will continue to offer traditional software purchasing options, we are encouraging our newer customers to explore the cost benefits of SaaS."
"In this period of significant economic uncertainty eTEK SaaS offers the best overall value in the business software industry."
eTEK is a Colorado-based independent software development corporation specializing in open database, open source, Software as a Service (SaaS) accounting and business management systems that integrate directly with Microsoft Office and Microsoft SQL Server. eTEK specializes in a broad range of application systems designed to meet the needs of contractors, distributors, and other diversified business and government organizations. Established in 1998, eTEK is based in the Denver Technological Center (DTC) and is an A+ accredited member of the Better Business Bureau (Gold Star Winner 2004, 2005, 2006 & 2007).
For additional information call 800-888-6894.
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