ALaS iSquare(TM) Offers Financial Services Firms Better Control of Balance Sheet...

ALaS iSquare(TM) Offers Financial Services Firms Better Control of Balance
Sheet Reconciliation

NEW YORK, June 30 /PRNewswire/ -- ALaS Software has introduced iSquare(TM), a
balance sheet substantiation and reporting application designed to increase
control, visibility and transparency to provide financial services firms with
greater command of the reconciliation process.

"ALaS iSquare is a dramatic improvement over ordinary applications whose focus
is limited to cash or manual processes," said Wesley Archer, CEO of ALaS
Software. "It provides better control because it affirms the integrity of
balance sheet data by substantiating sub-accounts at the transaction level."

ALaS iSquare was designed to effectively manage the reconciliation process in
three important ways:
-- It increases control by providing a granular audit trail from the
balance sheet to all accounts, including trades, assets and
liabilities
-- It enhances visibility by validating balance sheet data through the
reconciliation process, allowing any transaction to be confirmed
-- It improves transparency by verifying the integrity of sub-ledger and
ledger balances

"The importance of efficient balance sheet reconciliation cannot be
understated," said Archer, "the process is notoriously error prone. By
implementing ALaS iSquare, companies benefit from increased productivity; more
accurate and better controlled general and sub-ledger processes; more timely
analysis; easier reporting and auditing; and reduced exposure to write-offs."

ALaS iSquare features a Web-based GUI and a transaction data warehouse that
stores journal and trade activity history. Its standard API allows for quick
deployment for vendor applications. Trade- and product-level information is
displayed on a single screen and iSquare's automated dashboard reporting
exports to Excel, CSV and PDF. Users can search and view trading activity at
the GL account level based on multiple criteria and see a previous or current
day's reconciliations. iSquare also has matching capabilities to manage
exceptions.

About ALaS
ALaS helps financial services firms establish and enhance enterprise-wide
accounting, reporting and system controls. ALaS Consulting offers expertise
across asset classes for product control, financial and operational risk
mitigation and cost containment. ALaS Software offerings include ALaS
CaPRI(TM), an enterprise-wide application that establishes control of the P&L
and balance sheet substantiation process; ALaS DocPort(TM), a process and
procedures documentation portal; and ALaS iSquare(TM), a three-way Subledger
reporting and reconciliation solution.

For more information or to see ALaS iSquare in action, please contact: ALaS
Software LLC 7 Times Square - Suite 4305 - New York, NY 10036 Telephone:
212-944-1199; Fax: 212-920-3049; Web: www.alassoftware.com

SOURCE ALaS Software

Mark Bruce of HiTechPR, +1-914-967-6932 Ext. 200, mbruce@hitechpr.com