Barbara Hohbach
Virginia
+1 (703) 947 1838

Erika Hoeft
312 329 3913

Sue Strother
952 858 8585

Catherine Floyd
312 977 9700

April 30, 2001
Adaytum Teams With Accenture and Government Finance Officers Association to Bring New Financial Planning Solutions to Public Sector

JOINTLY DEVELOPED BUDGETING AND PLANNING SOLUTION RESPONDS TO UNIQUE NEEDS AND CHALLENGES OF STATE/LOCAL GOVERNMENT

MINNEAPOLIS – April 30, 2001 – Adaytum, the leading provider of enterprise business planning (EBP) solutions, today announced separate alliances with Accenture and the Government Finance Officers Association (GFOA) to create a public-sector version of Adaytum e.Planning, an integrated financial planning solution.

The alliance is the first to provide a Web-based, high-participation budgeting and planning solution designed specifically to respond to the unique requirements of state and local sectors. The target market for the solution includes states, cities, counties, school districts, special districts, and municipal enterprises, including utilities and airports.

The new solution is based on Adaytum’s e.Planning product that is currently used by 22,000 professionals in more than 1,200 organizations worldwide.

Accenture draws upon its vast experience with an in-depth understanding of public-sector processes, rules, regulations, and statutory requirements to design the product’s budget-process flows and requirements for planning, forecasting, and budgeting in public-sector organizations.

GFOA, the premier professional association in state and local government finance, joins the effort in a separate relationship with Adaytum to shape best budgeting practices in state and local government, provide development expertise, and collect input from its government members who are CFOs of leading jurisdictions. Together, the three organizations bring an excellent blend of complementary expertise to develop public sector budgeting and financial planning solutions.

In addition, GFOA has committed to working with Adaytum at state and local government pilot sites, evaluating them, and subsequently helping them define a general offering to the state and local government community.

“Business-planning challenges in the public sector are quite different from those commercial enterprises face,” said David Wilson, an Accenture partner, “and in many ways, they are more complex because of the interdependence of laws and regulations that govern how funds can be spent on people, programs, and projects. We’re pleased to team with Adaytum to create a packaged offering with the strengths and features to fill a void in the market and support these complex public sector requirements.”

“The unique combination of expertise that Accenture and GFOA bring to this joint solution provides a sharp focus on the needs of public administration officials in education and government,” said Sue Strother, executive vice president of marketing for Adaytum. “Public organizations can benefit from a financial planning process that empowers people, improves accuracy and efficiency.”

“Budgeting and financial planning are the Achilles heels of ERP systems,” said Dr. Rowan Miranda, director of research and consulting for GFOA. “By helping develop a budgeting and planning solution that works with any ERP system or on a standalone basis, GFOA is pursuing a major improvement not only on behalf of finance officers for government organizations of all sizes, but also for the citizenry whom they serve.”

About Accenture
Accenture is a global management and technology consulting organization, which is reinventing itself to become the market maker, architect and builder of the new marketplace. The firm is bringing innovations to clients to improve the way the world works and lives. More than 70,000 people in 46 countries deliver a wide range of specialized capabilities and solutions to clients across all industries. Under its strategy, the firm is building a network of businesses to meet the full range of client needs -- consulting, technology, outsourcing, alliances and venture capital. The Accenture home page address is http://www.accenture.com.

About GFOA
The GFOA is the premier professional association in public finance serving the needs of more than 14,500 governments in the United States and Canada. Established in 1906, GFOA is the main vehicle for recommended financial management practices that guide the state and local public sector. GFOA provides training programs, a wide range of publications and periodicals, renowned awards programs, and consulting services. For more information, visit the GFOA web site at http://www.gfoa.com.

About Adaytum
Adaytum provides Internet-based enterprise business planning software that allows organizations to plan, track, analyze, and forecast key business activities in a proactive and collaborative manner. The choice of more than 22,000 users in 1,200 pace-setting organizations around the world, Adaytum is headquartered in the US, with offices in the UK, the Netherlands, and Australia, and distribution in 22 territories worldwide. For more information, please visit http://www.adaytum.com

Adaytum is a trademark of Adaytum. All other trademarks or registered trademarks are property of their respective holders.

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