ACS Announces MANAGEMENT Plus™ Version 5 Compliance

MADISON, WI, April 27, 2005 – American Computer Software (ACS) today announced the release of MANAGEMENT Plus™ v5 Compliance, the latest version of the award-winning property management software. v5 stands unique in the industry, as it is now the only comprehensive solution providing full support for the layering of tax credit, HOME funds, tax-exempt bond, and both project and tenant-based subsidy.

“By offering a powerful combination of tax credit, HOME funds, tax-exempt bond, full subsidy support and comprehensive management tools, MANAGEMENT Plus is a true industry first,” said Heather Gullickson, executive vice president of ACS. “MANAGEMENT Plus v5 Compliance customers, small and large, are already realizing the immense value of its new features. We’re pleased to once again lead the market in making the most robust features and compliance capabilities available.”

New Inside v5
Complete support was added for HOME funds and tax-exempt bond, which provides a comprehensive solution never before available to property managers. New features allow MANAGEMENT Plus to easily handle all possible combinations of funding and subsidy. v5 offers extensive features designed to further streamline and simplify property management and compliance, such as:

· Enhanced tax credit functionality
· Full support for HOME funds and tax-exempt bond
· A comprehensive compliance wizard to streamline the interview and certification processes
· Compliance tracking for unlimited funding sources and subsidized contracts with one certification process
· Unlimited 1st, 2nd, and 3rd party verifications and clarification records to improve audit trails and help you stay in compliance
· Fully flexible funding requirements that apply to any property, building, unit, and/or funding source to accommodate any restriction possible

About MANAGEMENT Plus™
Designed by property management and software development veterans, MANAGEMENT Plus™ stands as the industry’s most comprehensive Windows-based property management software. From processing move-ins and move-outs, to creating reports, tracking marketing efforts and organizing vital compliance information, MANAGEMENT Plus provides property managers with the key to enhanced data management. Built-in wizards accompany unparalleled customer support, allowing for an easy transition to computerized, integrated management software. MANAGEMENT Plus quickly increases efficiency and gives the property manager true control.
MANAGEMENT Plus nearly eliminates user error and streamlines daily processing. Its versatile Lease/Tenant List provides quick access to information while also serving as a central portal for tenant processing.

MANAGEMENT Plus™ is the only complete compliance solution that can handle multiple funding layers simultaneously with one simple certification process: Project and tenant-based HUD subsidy types, tax credit, HOME funds and tax-exempt bond. MANAGEMENT Plus integrates with the accounting program of your choice, offers superior work order/maintenance processing, and features the industry’s most robust solution for affordable housing processing. Visit the American Computer Software Web site at http://www.acsoftware.com for more information.

About ACS
American Computer Software (ACS) is the leading provider of property management software, providing cost-cutting solutions for over one million units since 1968, including subsidized, tax credit, residential, military, commercial, and various other types. Headquartered in Madison, WI, ACS is a privately-held company boasting several industry awards for its Windows-based MANAGEMENT Plus™ solution, including the prestigious 2004 JPM Readers’ Choice Award. Offered as a standalone product or integrated with Microsoft Great Plains Business Solutions, QuickBooks and numerous other accounting solutions, MANAGEMENT Plus allows property managers to easily streamline otherwise burdensome compliance, accounting, maintenance and marketing tasks.

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