Under-Billing Costing The Business Services Industry 17 Billion Dollars Annually

Market Wire, 20050229

Groupe AGI, enterprise efficiency optimization experts, is launching Abak 6, an effortless time and billing software that allows companies in the services industry to make every minute count.

According to an American Census bureau study, the business services industry generates revenues of 825 billion dollars each year. Under-billing has been shown to represent 2% annually in lost revenue for the industry. In the United States alone, 17 billion dollars are lost on a yearly basis.

According to a client survey, Abak 6.0 completely annihilates under-billing, provides for accurate invoicing, prevents double-entry errors and ensures a better control of subcontractors, vendors and resources. Management can also monitor productivity and workflow.

Abak 6.0 has been completely redesigned with the MS Outlook look and feel. New features include: multiple currency invoicing, fast time sheet entry, enhanced performance and ease of use, manage contacts and client requests. Abak seamlessly integrates with various accounting packages and MS Project.

Abak surpasses expectations in resource planning, project management, time and expense management, report generation, budget management, control and work in progress analysis and invoicing.

"Abak's screens are nicely laid out and easy to use. The software provides an excellent array of reports, invoices, and formatting options... Added in the upcoming version are fully sortable tables, enabling the user to run queries and sort data without having to run reports." Ted Needleman, Accounting Today, May 2002

Since it became available, Abak has attracted many new and important clients such as Grant Thornton and Deloitte & Touche.

About Groupe AGI Inc.

Groupe AGI Inc is a management application provider that has cornered the market in the time and billing industry. Since its inception in 1996, the company has grown by leaps and bounds and now has offices in Quebec city, Montreal, Mississauga and Tampa Bay. Abak, the company's time and billing solution is sold all over the world. The software is widely used and renowned in the services industries and has a large customer base in accounting, engineering, software engineering, architecture, geographical surveying, research consulting and business consulting. Clients include Deloitte & Touche, Grant Thornton and Quebecor. For more information, please visit www.abaksoftware.com