FOR IMMEDIATE RELEASE For more information, contact: Bonnie Leedy at 480.902.3870 LeapSource Unveils CxO DesktopTM Interface Executives monitor their up-to-the-minute key business indicators, receive financial updates via laptop or Palm VIITM Tempe, AZ, October 2, 2000-You're traveling in the Far East all week but you still want daily reports on your company's accounts receivable and cash collections. Or you're working from home on new product pricing and need historical margin information to make your calculations. For that matter, you're coming into the office every day as usual and just want a report on your business's key performance indicators the moment you walk in. LeapSource, a leader in business process outsourcing (BPO), now makes all this possible - in a uniquely convenient and portable manner - through the new CxO DesktopTM interface. "Our new CxO Desktop provides executives with key, current information about their companies at the click of a mouse anywhere in the world," said Chris Kirk, CEO of LeapSource. "The CxO Desktop is a tool that gives executives the insight they need to run their businesses from any place at any time." "Our clients were telling us they needed a timely, concise, and easily accessible summary of their key business data, every day," said Bobby Scott, LeapSource's director of technology. "We are proud that, with CxO Desktop, we have become the first BPO company to provide that vital information." LeapSource specializes in handling its clients' finance and accounting, among other processes. Operating through secure, dedicated connections, the company gathers information from its clients' operations all over the world to one location, processes that information, and then distributes it back to the organization's key decision-makers. The CxO Desktop now also provides additional, related kinds of information and insight to select senior executives, typically the CEO, CFO, CIO, or COO. Because the interface is Web-enabled, executives can access CxO Desktop securely through any personal computer or even a PalmTM VII and the PalmTM Computing Platform, just by using a password. This is the first time information of this kind has been accessible on the PalmTM VII and the PalmTM Computing Platform. For many companies, a key benefit of the LeapSource Virtual ScorecardSM report will be the speed with which it provides vital information. Some companies already have the kinds of information displayed on the Virtual Scorecard. But to gather that information, these companies need to make a painstaking, time-consuming navigation through complex Enterprise Resource Planning (ERP) software or multiple legacy systems, or wade through cumbersome manual processes - pulling data from different reports and then analyzing it. Other companies may rely on software marketers of so-called corporate, enterprise, or decision portals to gather the data for them. But again, there is a delay for the information-gathering process. With the LeapSource CxO Desktop, the information is available almost instantly. That's because LeapSource, as the provider of outsourced finance and accounting processes, is generating the information itself. The CxO Desktop is accessing data that is already there. The CxO Desktop's offerings fall into three basic categories: The Virtual ScorecardSM-Like the scorecard for a baseball game, this daily or weekly summary provides concise information about the client's key performance indicators, however the client has defined them. Need to know each morning how much downtime your company's plants experienced because of equipment failures? Need to know how many gallons of fuel your truck fleet consumed? The Virtual Scorecard will tell you. Also posted on the scorecard are routine financial statements and data - the P&L statement, the balance sheet, etc.- that all businesses use to manage their operations. Two-way communications with the client's account manager - The CxO Desktop features a variety of tools e-mail, paging, phone number listings, etc. - that facilitate fast, convenient two-way communication between the client and the LeapSource account manager responsible for the client's data. As a result, executives with questions about the information on their Virtual Scorecard can get them answered promptly. In other words, behind the Virtual Scorecard is a human being, with answers. News and information - The interface features a customized news portal, so executives can access the latest information affecting their business. Does your business manage golf courses in the South? The news portal will offer you information on the weather there, provide you with the latest stories about golf course management, and fill you in, generally, on all things golf. CxO Desktop is a registered trademark of LeapSource Inc. All other trademarks are the property of their respective owners.
CONTACT: LeapSource Bonnie Leedy, 480/902-3870 cell: 602/770-8849 fax: 480/902-3838 email@example.com www.leapsource.com