E-mail baurilio@s2inc.com Manassas, VA – January 2004

S2 Incorporated Announces the S2 Project Accounting™ module version 4.06
S2 Incorporated, developers of business solution software, announces the release of the S2 Project Accounting™ module version 4.06. The S2 Project Accounting™ module targets mid-sized, project-oriented government contractor companies with revenues up to $75 million with 5 to 1000 employees. The module, an enhancement to the Best Software MAS 90·MAS 200™ accounting systems, is now available with an Auto Billing Module. This DCAA compliant software module is a perfect fit for any government-contracting firm.
The module produces Form 1034 and 1035 government invoices, generates fifteen standard reports, an unlimited number of custom reports, and is fully compliant with Defense Contract Audit Agency (DCAA) and Federal Acquisition Regulation (FAR) requirements bringing sophisticated accounting capability within the reach of smaller companies.
In a recent interview, Mr. Pechiney, President and founder of S2 Incorporated, said, “Some of the accounting solutions offered in the mid-market space are Solomon™, Wind2™, Great Plains™, Sympaq™ and System One™. Of those products mentioned, Deltek’s System One™ is the undisputed mid-market leader and is recognized as the government contractor system. It remains virtually unchanged for over ten years, except for a recent face-lift and re-naming as Deltek GCS Premier™. We among several other DCAA auditors believe that the S2 Project Accounting™ module has surpassed all the above-mentioned products by being more flexible, and easy to use”. Written in a more modern language and designed as a true project-based accounting system is what has made this the definitive choice by government contracting firms. It is able to handle multi-tier and unlimited pool setups and contains features such as the GSA Revenue Recognition. These are just a few reasons why people choose S2 Project Accounting™ module over many other highly respected products.
Due to the extreme depth and sophisticated nature of the S2 Project Accounting ™ module, S2 Incorporated has focused its marketing efforts on partnering with some of the largest CPA firms in the Washington, D. C. metro area. An S2 Incorporated spokesperson stated that the company has already made several important alliances and is in discussions with several national and multi-national accounting firms.
“The field”, he stated, “is wide open for a project accounting solution with functionality approaching the high-end systems and tailored for the government contractor market. Recently a company CFO called the Module a ‘(mini) Costpoint™’, Deltek’s ERP. We were quick to assure him that this was not a fair comparison. We are in late stage development of the Budget and Resource Planning module and that will bring us within shouting distance. However, it is not our intent to enter the ERP market. We will be satisfied to claim the number one position on the mid-market range for the government contractor project accounting market.”

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