San Ramon, CA – January 4, 2006 – Relevant Business Systems, an Enterprise Resource Planning (ERP) software provider to leading Aerospace & Defense, Engineer-to-Order, Maintenance, Repair & Overhaul, Contract Manufacturers and other project-based firms announced today that a significant product enhancement enabling rate pooling in support of Incurred Costs Proposal (ICP) reports, will be available in February.

As government contractors face increasing requirements on Cost Plus and Cost Plus Fixed Fee contracts, the need for increased agility in ERP reporting capabilities has grown commensurately. The government frequently no longer accepts standard overhead pool rates derived from prior year actuals to justify overhead charges. Since most ERP systems, even those well equipped to handle project-based reporting, lack the capability to gather actual overhead costs, many contractors are now forced to manually extract this information from the ERP system – a time-consuming process often further protracted by the necessity of also invoicing outside of the system to incorporate non-standard line items.

Relevant’s new rate pooling capability streamlines and automates reporting requirements by gathering and storing actual overhead, allowing it to be analyzed and reported in individualized, customer centric modes. This flexibility encompasses both time frames and choice of line items, both of which can be varied to adhere to individual contract requirements.

Key features include:

• Ability to compare ACWP (Actual Work of Cost Performed) with Applied Overhead, on demand or periodically
• Segregation of cost types as billable or not per individual customer contract
• Automated billing based on the user’s choice of overhead calculations
• Automated invoicing for Cost Type contracts including:
• Cost Reimbursement Contracts
• Cost Plus Incentive Fee
• Cost Plus Award Fee
• Cost Plus Fixed Fee (CPFF)
• Cost Contracts
• T&M Contracts

Relevant continues to support firms operating under Fixed Fee Contracts through its DD250 capability.

The new rate pooling feature adds to Relevant’s already advanced government reporting capabilities, including MRP Planning by WBS (Work Breakdown Structure) and Earned Value Reporting. According to Pat Garrehy, President and CEO of Relevant Business Systems, “With increased government contracting, we find that more and more ERP providers are paying lip service to the specific needs of this market. But few have the kind of commitment to the market that Relevant has demonstrated from day one of our 20+ years serving government contractors. Rate pooling is functionality driven by customer need, not marketing spin.”