A Review of

Macola ES
By J. Carlton Collins, CPA

The Company Behind the Product


When it comes to evaluating accounting software, too many evaluators dive right into the product without giving a second thought to the company behind the product. It is not prudent to disregard the stability and future of the accounting software publisher. Customers who have traveled this path before know that when you select an accounting software package, the resulting relationship is akin to a marriage. Once the product is installed, the customer becomes dependent upon the accounting publisher to supply updates for payroll taxes, sales taxes, and depreciation rates. The customer must also rely on the vendor to fix bugs, provide support, and continually enhance the product to run on the latest platforms and technologies. Like it or not, the continued success of the accounting software publisher has a direct bearing on the customer's continued success with the accounting software product. The bottom line is that some accounting software vendors have figured out the magical formula for producing top quality products, successfully distributing those products directly or through a profitable dealer channel, and supporting those products in an timely matter - all while remaining profitable and achieving a high level of customer satisfaction. Those companies that fall into this category should rate higher in your evaluation and selection process. With this in mind, presented below is a brief overview of Exact Software - the company.
@

About Exact Software North America

 

1.  

Company Name

Exact Software North America, Inc

2.  

Address, Phone, Web Address

 

 

 

P.O. Box 1824 333
  E. Center Street
  Marion
, Ohio 43301
-18


  http://www.macola.com

3.  

Ownership

Exact Holding N.V. is publicly traded on the Official Market of Euronext Amsterdam 

Ticker:
EXACT

4.  

Latest Product Version

Macola ES

5.  

List of all Products Sold by Exact 

Software

 

Macola ES
e-Synergy
Exact Globe 2000

6.  

Exact's Key Management:

Chief Executive Officer

Executive VP

Chief Financial Officer

VP The Netherlands

US President                                             
US  Marketing Manager

 
Eduard Hagens
Lucas Brentjens
Bert Groenewegen
Peter van Haasteren
Bruce Hollinger
Lynn Smith 

7.  

   Brief History of Macola

Founded in Marion, Ohio in 1971

8.  

Total number of Exact Software customers 

160000

 9.   

Total number of customers (companies)

 currently using the Macola product

7000

10.               

Total number of users (individuals) 

using the Macola product

 

Financial and Other Company Highlights:

  • In 2001, software accounted for 36% of Exact's global revenues, while maintenance income produced 49% and services 15%.

  •  In 2001, sales from outside the Netherlands accounted for 52% of total revenues compared to 43% in the prior year.

  • US revenues in 2001 represented 18% of the total compared to 3% in 2000.

  • The total 2001 combined growth in revenues was 25%.

  •   Research and development costs (R&D) as percentage of revenues was equal to 19%.The worldwide R&D organization has been realigned into three R&D centers in the Netherlands,USA and Malaysia using one common platform (e-Synergy and Exact Globe 2000) for development. 

  • Software revenues in 2001 increased by 27%to € 74.5 million. During the year the customer base grew by 12,500 new customers. The acquisition of Macola added another 7,000 customers.

  •  As of December 31, 2001 the company reflected a cash balance of € 83.2 million.

 

 

Source:   www.exactsoftware.com

 

Copyright © 1999-2003 Accounting Software Advisor, LLC.
All rights reserved 
No part of this web site may be used for commercial purposes of any kind without our express written consent.

______________

 

Read our Mission Statement
Read our Disclosure Statement
Read our Disclaimer Statement

Contact the Editor - J. Carlton Collins, CPA

 

__________________

 

Click Here If You Need Help
 We can help you as little, or as much, as you need