'Value Buyers' To Benefit From SQL Financials, Deloitte & Touche New Alliance

Business Wire, June 30, 1998

ATLANTA--(BUSINESS WIRE)--June 30, 1998--

-- Deloitte & Touche offers management consulting services to complement SQL Financials breakthrough in time for implementing

software applications --

SQL Financials International, Inc. (Nasdaq: SQLF) announced today a strategic national alliance with Deloitte & Touche LLP. Together, SQL Financials and Management Solutions & Services, a middle-market management consulting practice of Deloitte & Touche, will provide a joint implementation methodology to deliver a coordinated services approach for SQL Financials customers. Deloitte & Touche provides financial management and information technology consulting services a s a complement to SQL Financials CLARUS(TM) software applications and service delivery capabilities.

SQL Financials and Deloitte & Touche share a common philosophy to deliver an effective suite of products and services to value-conscious customers that seek a measurable return on investment. Both Deloitte & Touche and SQL Financials serve the "value buyer," a phrase used by SQL Financials to describe the buying characteristics of certain mid-to large-sized companies. Value buyers look for high quality, high-impact solutions that can be implemented with a breakthrough in time the ability to deliver applications that can be implemented, maintained and upgraded in a fraction of the time required by other vendors offerings.

"SQL Financials focuses on building business partnerships that provide significant added value for our customers. We are excited about working with Deloitte & Touche," said Joe Bibler, president of SQL Financials Services. "Their focus on financial management, operations improvement and information systems complements SQL Financials core installation and implementation services." SQL Financials Services offers functional and technical consulting for installation, implementation and training of the CLARUS(TM) Financial, HRMS, and Procurement application suites.

Together, SQL Financials and Deloitte & Touche provide services that allow customers to focus their resources on critical business issues, such as gaining competitive advantages or expanding into new markets and not just on implementation issues. Deloitte & Touche offers complementary services to SQL Financials customers such as project management, business process improvement, financial report design and development, data mapping and conversion, post-implementation quality assurance, as well as a variety of other services.

"Our consultants are dedicated to helping clients become more efficient, more competitive and more profitable," said William Fisher, partner of the Management Solutions and Services practice of Deloitte & Touche. "To accomplish this, we provide services based on proven technologies and methodologies. SQL Financials shares our commitment to offer sophisticated products and services that meet the time, cost and resource requirements particular to the middle-market segment."

The national alliance includes certification of Deloitte & Touche consultants through two levels of SQL Financials' CLARUS(TM) application training and software implementation. As a result, customers will benefit from a consistent service delivery approach and higher quality implementations.

Deloitte & Touche LLP, one of the nation's leading professional services firms, provides accounting and auditing, tax and management consulting services through over 23,000 people in more than 100 U.S. cities. Deloitte & Touche is part of Deloitte Touche Tohmatsu, a global leader in professional services with more than 72,000 people in over 125 countries. For more information about Deloitte & Touche, visit the firm's web site at http://www.us.deloitte.com

CLARUS consists of Financial, Human Resource and Procurement application suites; Graphical Architect(TM) modules; the CLARUS Methodology; CLARUS Professional Services for customer implementation; and CLARUS TotalCare services for ongoing customer support. The CLARUS solution is targeted for mid-to-large-sized companies that need robust administrative applications with minimal resource requirements for implementation, change, maintenance and upgrades.

Atlanta-based SQL Financials (Nasdaq: SQLF; www.sqlfinancials.com) is a provider of client/server software for general accounting, human resource and procurement applications. Founded in 1991, the company serves mid-size to large organizations in all industries. The company's applications create high lifetime value by substantially reducing the time required for implementation, maintenance, upgrades and changes. The company serves such customers as AEW Capital Management, MONY, Riesbeck Food Markets, CBASS, Merit Behavioral, and Chartwell Re. In 1997, the company was named one of the fastest growing businesses (no.61) by Inc. Magazine.

THIS PRESS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF SECTION 27A OF THE SECURITIES ACT OF 1933 AND SECTION 21E OF THE EXCHANGE ACT. ACTUAL RESULTS COULD DIFFER MATERIALLY FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS AS A RESULT OF CERTAIN RISKS INCLUDING THAT THE BENEFITS EXPECTED AS A RESULT OF THE ALLIANCE BETWEEN DELOITTE AND TOUCHE, LLP AND SQL FINANCIALS INTERNATIONAL, INC. DO NOT OCCUR.