Cash Flow Projections Added to ArchAdministrator - Database for Architects

BLOOMFIELD, NJ, April 15, 2002 -- PS Software Solutions announced today that it has fully integrated cash flow projection reporting into its increasingly popular software program, ArchAdministrator. The new cash flow projection reports have been designed to simplify the task of predicting firm-wide cash flow for up to three years into the future! Projected payables are deducted from projected receivables to create tabular reports and bar charts that delineate projected profit/loss margins on a monthly basis. These projected profit/loss margins are then added to (or deducted from) the current account balance for any tracked bank account to determine a projected account running balance across as many as 36 months. A series of bar charts and tabular reports are provided that delineate the following:

* Side by side projected monthly receivables and payables 
* Projected monthly profits or losses 
* Projected monthly account running balances

The projected accounts payable report breaks down projected payments by month, payment category (or payee name) and is based on a budget that is quickly created in the Recurring Account Payables area of the Accounting Transactions module. Recurring payable records stipulate payment category, payee, payment due date and payment frequency. Tabular reports are automatically provided that delineate the following:

* Projected monthly payables sorted by payment category 
* Projected monthly payables sorted by payment payee name 
* Projected payables scheduled at any frequency (i.e. weekly, monthly, quarterly)

The projected accounts receivable tabular report breaks down projected receipts by month, project and phase. It is based on phase fees, payment schedules and consultant allowances stipulated in the proposal contract; and estimated phase start/end dates stipulated in the Project Scheduler module. The report incorporates payments previously paid to consultants in the accounting module and accurately incorporates consultant outstanding balances. The user can also specify the following customizable options when generating the projected receivables report:

* Bank account to apply projected profits/losses to 
* Account balance (program defaults to current account balance)
* Age projected receipt dates beyond scheduled completion dates (i.e. 30,60,90 days) 
* Select whether or not to apply consultant outstanding balances

The user even has the ability to include projected receipts for proposals that have not become active projects. The user can assign a "Probability of Activation" percentage to each Proposal/Contract and specify the minimum probability percentage that will be included in the receivables projection (i.e. specifying a probability of 70% will include all active projects and those proposals that have a probability of activation of 70% or higher).. This powerful feature and all the options listed above can be modified each time a projection report/chart is created.

With more than eighty free version upgrades since its introduction in 1997, ArchAdministrator continues to establish itself as the standard against which all office and project management software will be measured and offers design professionals the most comprehensive database solution on the market. ArchAdministrator has garnered praise from the architectural community and maintains a competitive lead in its technical innovation, seamless integration, and user-friendly design.

For more information on PS Software Solutions or its product line, visit the PS Software Solutions web site at or call 1-888-748-7166 in the United States and 973-748-1818 outside the US.

Availability, Pricing, and Technical Requirements

ArchAdministrator Release 2.0 requires a Pentium 120 or higher IBM PC or compatible processor, with Microsoft Windows 95, 98, NT, 2000, or XP and a minimum of 16MB RAM (32MB for Windows 98 and NT 4.0) and 70MB of disk space to install minimum features. Additional space is required for the installation of optional features.

Founded in 1995. PS Software Solutions offers high quality software products and services that reflect the company's unique understanding of the architectural and engineering communities. PS Software Solutions' innovative approach is evident in a new class of office and project management applications that integrate data generated by design professionals in ways never before seen. PS Software Solutions markets its products throughout the United States and provides professional consulting, support, and education services.

PS Software Solutions and ArchAdministrator are trademarks of PS Software Solutions. All other company names and products are trademarks or registered trademarks of their respective companies.

EDITOR'S NOTE: A copy of this release and other company information is also available via fax by dialing 1-888-748-7166 within the US and 1-888-748-7166 in Cananda.

Release 04/15/02