J.D. Edwards Partners with FRx Software Corp.; OneWorld and WorldSoftware Users to Benefit from High-End Financial Reporting

Business Wire, May 19, 1998

DENVER--(BUSINESS WIRE)--May 19, 1998--Business software developer J.D. Edwards (NASDAQ:JDEC) today announced the addition of FRx Software Corp. to its Product Alliances Program. The integration of FRx(R) Enterprise Edition with OneWorld(TM) and WorldSoftware(TM) will allow users to consolidate financial data and create and disseminate sophisticated financial reports without burdening busy IT departments. FRx's Visual Financial Reporting(TM) software provides direct access to J.D. Edwards' general ledger so that finance and accounting staffs can create real-time financial reports using multiple reporting hierarchies and drag-and-drop functionality and then electronically deliver the reports with drill-down viewing capability.

"We're pleased to bring the FRx Enterprise Edition to the global customer base of J.D. Edwards," said Michael Rohan, chairman and CEO of FRx Software Corp. "Their enterprise-wide systems are a natural fit for our highly intuitive visual financial reporting software, which gives finance and accounting professionals the ability to create meaningful reports from their desktop using the latest financial information."

The FRx software solution allows finance and accounting staffs to use accounting-centric design techniques to develop and maintain visually oriented financial reports. FRx Enterprise Edition accesses general ledger information directly without utilizing a data warehouse or proprietary database, ensuring that financial reports are current. Independent reporting hierarchies give users unlimited creativity to group and roll up cost centers, business units and multiple companies, even when those companies use different charts of accounts or accounting applications or the data resides on different servers. These independent hierarchies also support sophisticated if-then analyses.

Date-effective organizational restructuring functionality plus an n-tier architecture allow users to generate multiple reports simultaneously and maintain high-performance throughput. Additional capabilities include the ability to use wildcards in account searches, report in multiple currencies, effortlessly switch between portrait and landscape page settings, create exception reports and develop a side-by-side balance sheet for easy comparisons.

In addition, J.D. Edwards users can create presentation-quality reports -- choosing fonts, colors and formats -- for printing or e-mail distribution across an enterprise. Managers can then view the reports online and drill down to detailed transaction data. With FRx, J.D. Edwards users can also import or export their financial data directly to popular Microsoft Excel and IBM Lotus spreadsheets.

"We believe that many of our clients will welcome the additional financial reporting functionality FRx's Enterprise Edition software brings to J.D. Edwards' offering," said Tom Matthews, product marketing manager for J.D. Edwards. "FRx Software has a very mature and intuitive product that allows users to easily explore and report on the critical details of their financial data. We're very glad to add FRx to J.D. Edwards' partner program."

About FRx Software

Founded in 1994 and headquartered in Denver, FRx Software Corp. produces advanced visual financial reporting software that interfaces with more than 25 leading client/server accounting systems and is used in over 60,000 sites worldwide. Its Workgroup and Enterprise Editions products feature the automatic creation of complex financial reports with rollups through multiple reporting hierarchies; drill-down capability from summary level financial information into the underlying transaction level details; presentation-quality reports that can be printed, exported to worksheets or e-mailed for remote viewing or printing; and an advanced 32-bit application server for high-speed production of financial reports.

FRx Software products have been designed by and for CPAs and financial professionals to build and maintain complex financial reports that support Generally Accepted Accounting Principles (GAAP). Additional information about FRx Software's product offerings can be obtained by contacting the company at 1-800-379-8733 or via the Internet at www.frxsoft.com

About J.D. Edwards

J.D. Edwards develops, markets and supports multinational, integrated enterprise software for distribution, finance, human resources, manufacturing and supply chain management. The Company's enterprise software operates in multiple computing environments, including IBM AS/400, UNIX, Windows NT and the Internet. Founded in 1977, J.D. Edwards is headquartered in Denver and posted fiscal 1997 revenues of $647.8 million. J.D. Edwards' OneWorld is a network-centric, multinational software package that enables customers to change technology or business practices while reducing costs and business interruptions. Additional information about J.D. Edwards' product offerings can be obtained by contacting the company at 1-800-727-5333 or via the Internet at http://www.jdedwards.com.