"TABS is a sophisticated full featured operating and capital budgeting system, purchasing interface, business intelligence and work flow tool for senior executives to plan, track and adjust expenses, providing instantaneous information to make decisions crucial to the success of their business."
Media Contacts:
Jack N. Bobbitt
President and CEO
(972) 208-2737
jbobbitt@knowledgelabsoftware.comKnowledgeLab completes beta testing and prepares to go to market with their premier budgeting solution
DALLAS, TX, January 31, 2003 - KnowledgeLab Software successfully completes beta testing of their premier budgeting and planning tool TABS. TABS (Tracking, Analysis and Budgeting System) is a sophisticated full featured operating and capital budgeting system, purchasing interface, business intelligence and work flow tool for senior executives to plan, track and adjust expenses, providing instantaneous information to make decisions crucial to the success of their business.
Beta testing began in September of 2002 in a Fortune 50 telecommunications customer. During the beta test phase many new features and enhancements were added to TABS.
"TABS was really put through the paces and quite frankly hammered during the beta testing. We were very excited that we never experienced any fatal flaws and had a 100% up time record!" Said Jack Bobbitt, President and CEO.
The commercial version of TABS, version 3.0, is a complete operating and capital budget solution with flexible workflow capabilities, project tracking, bill back capabilities, extensive line item details, vendor volume purchase tracking and reporting functionality. KnowledgeLab will add a purchase requisition interface in May 2003 to complete the offering.
Mr. Bobbitt added, "TABS will revolutionize the way corporate America creates, tracks and run their business. Not only will they be able to leave the mess created by spreadsheets but be able to track budget to actual expenses, status of projects across cost centers and easily do bill backs between departments."
About KnowledgeLab Software
KnowledgeLab Software, headquartered in Plano, Texas, is an independent software development company, marketing our premier product TABS (Tracking, Analysis and Budgeting System) to U.S. companies with over 500 employees. TABS is a sophisticated full featured operating and capital budgeting system, purchasing interface, business intelligence and work flow tool for senior executives to plan, track and adjust expenses, providing instantaneous information to make decisions crucial to the success of their business. We will combine best of breed products and services with extensive management experience to become the leader in budget and planning software. For more information on KnowledgeLab Software, visit us on the web at:
