Mitchell International Announces Plans to Develop a Quickbooks Interface for Its ABS System

Business Wire, May 10, 2001

Business Editors/High-Tech Writers

SAN DIEGO--(BUSINESS WIRE)--May 10, 2001

Interface with Best-Selling Accounting and Financial Management

Software Will Eliminate Hours of Duplicate Data Entry and Errors

Mitchell International today announced plans to develop an interface between its ABS Body Shop Management System and QuickBooks(R), the best-selling small business accounting and financial management software from Intuit Corp.

ABS is the collision repair industry's leading Windows(TM)-based solution for increasing efficiency and profitability by automating many shop management functions. As the industry leader, ABS currently has 70 percent of the market.

Shops using ABS and the popular QuickBooks software will find the interface will make them even more efficient. "The interface will save users time by eliminating hours of duplicate data entry and data errors," said Paul Gange, Mitchell's vice president of product management. "It will also allow users to export sales, invoice and credit information from ABS to QuickBooks, which also increases efficiencies."

QuickBooks, along with ABS, can be customized to produce a variety of user interfaces and reports to meet the individual needs of shops. In addition to basic accounting, QuickBooks offers a variety of other services such as on-line banking.

ABS already interfaces with Lawson and MAS90 accounting systems and BusinessWorks(TM) accounting software to transfer Accounts Receivable and Accounts Payable entries, which post to journals in the General Ledger.

The ABS system offers users the most complete, proven solution for collision repair shop management on the market today. ABS enables shops to import estimates and supplements, maximize labor efficiencies, simplify parts management, more efficiently track sales performance, quantify marketing efforts and to produce management reports and professional financial statements.

About Mitchell International

Mitchell International, founded in 1946 and headquartered in San Diego, is The Source for information software and e-business solutions for the insurance and automotive repair industries. Providing services that enhance productivity, profitability and customer satisfaction, Mitchell facilitates several million electronic transactions between more than 16,000 business partners each month. Mitchell's own parts and labor database, a critical connectivity point between shops and insurers, is trusted for its accuracy and respected as the industry standard. For more information on Mitchell International or the ABS interface, call Chris Andrews, director of marketing, at 858/578-6550, ext. 8321. Visit our Web sites at www.emitchell.com and www.mitchell.com.