MYOB Partners with SurePayroll to Provide Online Payroll Solution to Small Businesses

MYOB to Offer Web-Based Payroll to Small Business Customers

October 1, 2002 (Rockaway, NJ) - MYOB US, Inc., developer of award-winning accounting and business management software for small businesses, today announced a partnership with SurePayroll, a national leader in the online payroll marketplace, to provide a cost-effective online payroll solution to small businesses in the United States. Businesses that use MYOB's AccountEdge, FirstEdge, and Plus software products have the added benefit of automatic import of payroll processing information into their MYOB product. Named MYOB SurePayroll, the service is available through the MYOB web site at http://www.myob.com/us/egateway/msp/index.htm or by calling 800-917-4888. Customers who sign up through November for their January 2003 payroll will be waived the enrollment fee for savings of up to $150.

Although the benefits are universal, this represents a special event for Macintosh users in particular, as it is the first time ever that they have access to an end-to-end online payroll solution. The new service includes payroll processing, direct deposit management, tax filing and payment reconciliation with automatic import of payroll processing information into their MYOB product. The employer retains control of the payroll administration through a secure online account.

MYOB SurePayroll will provide small business customers with access to an easy-to-use, reliable and cost-effective online payroll solution that is significantly faster, less expensive and more flexible than manual or traditional payroll services, and provides a full guarantee that accepts responsibility for penalties associated with payroll errors.

MYOB SurePayroll allows small businesses to process payroll anytime, anywhere - thus letting them maintain complete control over the payroll process. Payroll can be completed in minutes via the Web. It's a win-win service for both employers and employees. Employers have the option to provide direct deposit of employee checks or to print checks and paystubs locally. They have complete access to payroll information history as well as current payroll. Employees enjoy the convenience of email notification confirming that their pay has been deposited into their bank accounts. At any time, employees can log into their secure MYOB SurePayroll web page to view their pay history and print out pay stubs.

MYOB SurePayroll reduces errors common to the more traditional phone-based services because the small business can see its payroll entries online and confirm that they are correct before transmitting. It is more convenient in that MYOB SurePayroll is accessible at any time in contrast to other services that require payroll to be phoned in at specific days and times. In terms of savings, MYOB and SurePayroll estimate that the new service will cost 30% to 50% less than traditional payroll services.

"Our goal is to increase the efficiency and profitability of our customers by making their business processes easier. One way to do that is to offer the best payroll solution that is available on the market," said Cynthia Mackewicz, General Manager for MYOB US. "In joining forces with SurePayroll, we provide access to a best-in-class online payroll solution, exclusively designed for small business and with a strong reputation for simplicity, reliability, and affordability."

"We are pleased to partner with MYOB in offering a cost-effective, guaranteed payroll processing solution to small businesses, and to make the process another step easier for businesses using MYOB products," said Michael Alter, senior vice president of SurePayroll. "As the developer of award-winning accounting and business management products and the market leader in Macintosh-based accounting software, MYOB is well-positioned to introduce large numbers of small business owners to the many benefits of MYOB SurePayroll. Using the Internet, these small business owners can process payroll in minutes, saving substantial amounts of time and money while staying in complete control of the payroll process."

MYOB FirstEdge and MYOB AccountEdge are small business management and accounting products for Mac OS 8.6, 9x and Mac OS X. FirstEdge is ideal for the very small business or organization manager that needs to track sales, banking, expenses and customers. AccountEdge is a fuller featured product for those small businesses also needing inventory, purchases, time billing and payroll. MYOB Plus for Windows is the sister product to AccountEdge, offering company file cross-platform compatibility with AccountEdge and vice versa.

About MYOB:

MYOB US, Inc. is a leading publisher of innovative, award-winning small business accounting and financial management software, including MYOB Plus for Windows, MYOB FirstEdge for Mac OS, and MYOB AccountEdge for Mac OS. More than 400,000 small businesses use MYOB's offerings to manage their businesses more efficiently. "MYOB US, Inc. is a subsidiary of MYOB Limited, Australia and one of the MYOB Group companies with affiliates and publishing partners worldwide in the United States, Australia, the United Kingdom, Mexico, New Zealand, Hong Kong, Singapore and Malaysia." For more information, visit http://www.myob.com/us/egateway/msp/index.htm.

About SurePayroll:

SurePayroll is a privately held company based in Skokie, IL. that provides a simple, reliable and economical way for small businesses to process and distribute payroll and taxes in minutes via the Internet. SurePayroll's customer base numbers in the thousands and includes payroll customers in all 50 states, as well as providing a variety of customized payroll services used by accounting firms and community banks. By leveraging the internet, payroll is completed in a fraction of the time at a fraction of the cost - anytime, anywhere.

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