Indiana Municipal Power Agency Chooses SymPro's Treasury Management Software Over Spreadsheets

Business Wire, Jan 15, 2003

Business Editors/High-Tech Writers

EMERYVILLE, Calif.--(BUSINESS WIRE)--Jan. 15, 2003

SymPro, Inc., a market leader in Treasury Management Software for government and public sector, announced today that Indiana Power has chosen SymPro software to provide fixed-income investment analysis, performance measurement, compliance and financial reporting. By moving off spreadsheets, Indiana Power now has access to a single source for all investment information and up to date portfolio valuation.

"Using spreadsheets was a burdensome manual process. We also had concerns regarding accuracy; we did not want to look back in five years and find a mistake in our spreadsheet calculations," said Chris Rettig, Indiana Power VP Finance. "We're looking to SymPro to provide reliable, accurate computations and comprehensive reporting."

"SymPro is ideally suited for government entities and corporations that want advanced treasury management functionality, but don't want to take the risks associated with drawn out implementations," said Jim Connor, SymPro President.

SymPro currently has over 350 site installations and in excess of 1,000 users throughout the United States. Connor stated, "Treasurers and Finance Directors throughout the United States are choosing SymPro Treasury Management solutions to streamline treasury operations, improve accuracy and overall efficiency." SymPro's applications allow governments and corporations to easily transition from spreadsheets to a standardized treasury management system.

About SymPro, Inc.

SymPro provides Treasury Management Software solutions to government and corporate treasury departments. SymPro automates the analysis, performance tracking, compliance and financial reporting on investment, debt, and cash portfolios. SymPro software enables you to efficiently manage your portfolio and provide comprehensive, professional, and accurate reporting. More information on SymPro is available at www.sympro.com.

SymPro, Inc. and the SymPro logo are marks of SymPro, Inc. All other product and company names mentioned are the property of their respective owners and are mentioned for identification purposes only.