BETA LAUNCH ANNOUNCEMENT
GLW Analysis Services Pty Ltd (GLW hereunder) announce the launch of a BETA version of its Management Accounting and Forecasting (MAF) system.

WHAT MAF IS:

MAF is a compiled spreadsheet template to
(1) Report organisation performance data, both financial and operational, against pre-set comparative data; and
(2) Forecast the performance data for the remainder of the current financial year, and for next financial year.
The spreadsheet template approach was used to facilitate a variety of User input, and assist User understanding of how the system works.

TARGETTED MAF USERS

MAF is specifically intended for the Small & Medium Size Enterprise (SME), in a variety of different countries. Larger organisations and auditors may find it helpful.

BASIC OBJECTIVE OF BETA RELEASE:

The BETA Release aims to obtain responses from accepted BETA Participants on their exposure and use of a spreadsheet system for SME management to see more clearly how they are doing, and where they are going, in the short term.

KEY FEATURES OF MAF SPREADSHEET SYSTEM:

MAF helps automate the preparation of target or budget data. It compares performance actuals in the current year with target, budget, or previous year data. It will forecast automatically for the remainder of the current financial year, and for the next financial year. The User may vary the input and system Assumptions for sensitivity analysis, to guestimate the effect on the organisation of changes (in product pricing, interest costs, income tax rate and revenue tax rates, for example). The basis for the system was patented as an invention in USA, UK and Australia.

SEARCH FOR BETA PARTICIPANTS:

GLW seeks a minimum of 25 Participants able and willing to explore, test, experiment, and report on the MAF BETA. SME executive officers, qualified accountants, and economists, are sought as Participants. The Participant is asked to act as a potential User, independently of their organisation or employment. User familiarity with bookkeeping, financial reporting and Excel are minimal requirements, with an understanding of taxes.