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Date Posted: 8/10/2005

Flexi's Partner Acturis Implements 230 Clients Within 6 Weeks

 
 
Provides a Valuable ASP Service to Insurance Brokers in the United Kingdom

SHELTON, CT -- (MARKET WIRE) -- 08/09/05 -- FlexiInternational Software, Inc. ("Flexi") (OTC:
FLXI) announced today that Acturis was nominated for the "2005 Technology Award" at the
British Insurance Awards jointly with Giles Insurance Brokers, for managing to successfully get
over 230 members of the Giles team across 18 offices live on Acturis within a 6 week period.

The British Insurance Awards were founded in 1995 as a showcase for excellence in the
insurance industry and offers nominations in various categories such as claims, brokers and
service providers in the insurance industry. Acturis was nominated in the Technology Award
category which is open to any organization that can demonstrate that the application of new
information and communications technology has enhanced the quality, efficiency and costeffectiveness
of its business administration.

Theo Duchen, co-CEO of Acturis, comments, "We are very proud to be nominated yet again, and
hopefully this year we can go one better and win it. Regardless it is a fantastic achievement.
Acturis has been the only software house nominated for any award over the last two years and
we feel it is just recognition for what we have achieved over this period."

The insurance sector is notoriously subject to manual duplication of data entry from multiple
incompatible systems performing various tasks. Acturis with the assistance of Flexi was able to
seamlessly integrate the FlexiLedger®, FlexiPayables® and FlexiReceivables® modules into
their fully web deployed broker platform using Flexi's extensive COM technology. This allowed a
single data entry point avoiding the fragmented approach which was expensive, prone to errors
and had great timing delays in processing the information. The fully integrated Acturis solution
removes this risk and is considerably more efficient and cost effective for insurance brokers.

Because of the flexible technology and solution that Flexi offers, the core financial modules were
extended to address the unique requirements of the insurance industry such as insurer
reconciliations, effective handling of payment plans and multi policy invoicing.
"Flexi recognizes the importance of providing flexible accounting solutions and components that
can be easily integrated and rapidly deployed with our partners' solutions. We believe the ASP
market will continue to grow and with the strength of the Flexi technology, ASP partners like
Acturis can easily process thousands of users," said Stefan R. Bothe, CEO of FlexiInternational
Software.

About FlexiInternational Software, Inc.
For over a decade, FlexiInternational Software, Inc. has been deploying “Accounting Solutions
that Power Business™.” Flexi provides a suite of financial applications, accounting components,
remote office components and integration tools that are embedded into other vendor solutions
and directly sold to the mid-size and enterprise markets around the globe. Flexi prides itself on
the strength of its technology foundation which provides seamless integration through Web
Services and XML, powerful .Net Smart Client Remote Office Components that are customizable
with XML and the processing strength of Visual C++.

Flexi’s lower total cost of ownership, rapid deployment, technology strength and flexible
functionality have allowed them to successfully compete against other ERP vendors like
Oracle/Peoplesoft, Lawson and SAP.

About Acturis Limited
Acturis is a leading Insurance Broker Software House based in the United Kingdom. Acturis
currently has over 1600 users in 100 locations using its powerful insurance broker ASP solution.
Acturis combines technology, strategy and operational expertise to provide the most powerful
solutions. Many others offer focus exclusively on technology or strategy or operations; however a
competitive and changing environment requires a blend of all three elements. For more
information, visit www.acturis.com.

Flexi®, the Flexi logo, FlexiFinancials®, FlexiLedger®, FlexiPayables® and FlexiReceivables®
are registered trademarks of FlexiInternational Software, Inc. Accounting Solutions That Power
Business™ is a trademark of FlexiInternational Software, Inc. All other trademarks or trade
names referred to in this press release are the property of their respective owners.

Contact:
Tara Beauchesne
Company: FlexiInternational Software, Inc.
Title: Director of Marketing
Phone: 239-298-5700
E-Mail: marketing@flexi.com
URL: www.flexi.com
 
 


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