Radix to offer free accounting software on the Net

NEW DELHI: Radix Infotech Ltd. (Radix), an Indian micro ERP company for SMEs,

has launched a new accounting software package called FINPAK. FINPAK is

available exclusively over the Net. It may be downloaded absolutely

free-of-charge from the Web site, www.finpak.com, and is backed by a cash

guarantee against flaws. The Web site will become operational from January 13,

2001.

The package is scalable to suit very small businesses as well as ones with a

turnover of up to Rs 500 crore. Radix has also designed a Web based support

service for the users of FINPAK. These include Q&As on a one-to-one basis

with FINPAK experts as well as a free message board for users.

FINPAK has been developed with the venture capital funding of IFCI and

Canbank. It took 6 years to develop the software and the expenditure on R&D

was Rs 4 crore. As the software can be downloaded from the Net free of cost, the

revenue generation will be through the services offered to users.

Radix MD Ajit Sirohi said, "We have developed FINPAK to be the most

easily customized accounting software package in the world. It is the only tool

based accounting product that has zero source code in it. I expect every home

user, Chartered Accountant and SME in the region to avail our free download

offer. We are so confident of FINPAK's world-class quality that we have even

backed it with a Rs 1,000 cash guarantee for anyone who can find a bug in the

product."

Radix is a 11-year-old venture funded ERP software company. It is also an IBM

Business Partner and Microsoft Certified Solution Provider in India.