EYT, formerly Ernst & Young Technologies, added to its GoEYT suite Wednesday (March 28) with an upgrade to its GoFinancials ASP offering.
GoFinancials 2.0, powered by Lawson Software, is intended to bridge the gap between a basic accounting package and a full-fledged financial Enterprise Application Package. It provides a scalable Web-based platform aimed at high-growth companies, providing lawson.insight Financials through an ASP model. EYT maintains and hosts GoFinancials, providing all necessary infrastructure support.
GoFinancials automates all financial functions over the Internet, including general ledger maintenance, invoice generation, bill payment, and asset depreciation, as well as automated integration between general ledger and subsystems. GoFinancials also includes comprehensive data export capabilities, reporting and budgeting features.
NCG Events, a Minneapolis, Minn., events management company, is the first customer of GoFinancials Version 2.0.
“We chose GoFinancials because it’s the most robust financial solution available for fast growth companies like ours, allowing us to easily manage our finances without the worries of outgrowing the accounting system,” according to Jennifer Arends, president of NCG Events. “Plus, because GoFinancials is Web-based, it was available for us to use in record time and we can let EYT manage the hosting and support, while we remain focused on expanding our business.”
New features in Version 2.0 include multiple accounting unit/department features, asset management enhancements, integration with the general ledger and inventory capabilities.
EYT was officially spun-off from parent Ernst & Young during a first round of financing in August 2000. It launched GoEYT, its first service offering, in September, targeting low-end start-up firms seeking to outsource financial services.