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Microsoft releases Great Plains update

Dinesh C Sharma CNET News.com

Published: 22 Jun 2004 08:55 BST

Microsoft released on Monday a new version of its accounting software for medium-sized companies.

Great Plains 8.0 is designed to improve accounting functions for distribution, manufacturing and other business areas, Microsoft said. The new version, with about 120 enhancements, also works with Microsoft's Business Solutions Business Portal 2.5 and Office 2003. Its looks are similar to those of Office Outlook 2003.

Microsoft earlier this month raised the profile of its Great Plains division and plans to invest $2bn (£1.10bn) annually for the next five years in sales, marketing and development efforts targeted at small and midsized businesses. The unit was formed when Microsoft took over Great Plains Software for a price of $1.1bn in 2001. It increased its foray into the segment the following year with a $1.33bn buyout of Danish software company Navision.

Microsoft said Great Plains 8.0 features modules for online requisition management, expense entry and approval, and electronic delivery of sales documents to customers, in addition to certain new options for financial reporting.

The product is available in the United States and Canada through Microsoft's reselling partners, and it will be released later in the United Kingdom, Latin America, Africa, Australia and New Zealand. The standard edition is priced at $4,500; the professional version starts at $6,500.

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