Openbravo Releases New Version 2.40 of Leading ERP Solution

- Improved user experience and global functionality highlight
Openbravo's latest web-based ERP release -
PAMPLONA, Spain and CAMBRIDGE, Mass.--(Business Wire)--
Openbravo, the leading developer of web-based open source
Enterprise Resource Planning (ERP) and Point-of-Sale (PoS) solutions,
has announced today the launch of its updated open source web-based
ERP software, Openbravo ERP 2.40.

With the release of Openbravo's beta version of ERP 2.40, which is
available for download from SourceForge.net, Openbravo continues its
innovations in user experience. Openbravo ERP 2.40 has updated the
product with numerous enhancements focused on two distinct key areas
that users care about most: increased user productivity and improved
global functionality.

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Increased User Productivity

Openbravo ERP 2.40 raises the productivity of the user interface
to levels comparable to client server applications. Users can
now fully operate the system using only the keyboard and all the
most frequently used operations are just a click away,
dramatically increasing productivity.

To further improve the user experience, a new set of icons and a
revised look and feel keep the user better informed of the
status of the system, preventing user mistakes. The user
interface has been updated with new AJAX functionality, making
the web-based application quick loading, faster to install and
easier to use than ever.

Improved Global Functionality

A major theme behind the release is improved global operation
support. With the enhanced multi-schema accounting capabilities,
it is now possible to manage each transaction according to
multiple accounting rules, in multiple currencies and in
multiple calendars. This enables international organizations
easier compliance for each local accounting regulation, while at
the same time comply with a corporate accounting standard that
allows roll-ups and consolidation.

Openbravo ERP 2.40 also has many new features that improve the
ease of deploying the software in different geographies. There
is a completely revised VAT module with improved support for key
reporting requirements, such as VAT Registers and Withholding
Tax. In addition, the new International Bank Account feature
enables users to define bank accounts out-of-the-box according
to their local conventions and avoid frequent customization.
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The new release also includes several additional improvements in
other areas. The functional scope has been broadened with an enhanced
projects and services module, with newly introduced features such as a
historical salary category, goods receipt by PO number and purchase
requisitions support. Reports have been revamped, including a new
payment ageing balancing, budget and Pareto reports with a broadened
payments report for more than one business partner at a time.
Infrastructure has been upgraded with significantly revised security
and more control over user roles, audit to review who created and
updated each transaction, additional web services, and better
reporting back to Openbravo to help the development process and
PostgreSQL 8.3 support.

"The release of Openbravo ERP 2.40 is the product of generous
effort from our community to simplify enterprise resource planning,"
said Paolo Juvara, Chief Products Officer of Openbravo. "With all the
enhancements contained in this update, the fundamental advantage to
2.40 is that it simply makes the end user's business run more
efficiently and effectively. It is with great support and feedback
from our community that we have made our best web-based ERP system to
date."

To learn more about Openbravo products and services visit the
Openbravo website, and to download and install Openbravo ERP 2.40 beta
visit the download page. Openbravo Network 2.40, the commercial
subscription service Openbravo offers to clients looking for
professional support for a complete solution, is expected to be
released in September.

About Openbravo

Openbravo is the leading developer of web-based open Source
Enterprise Resource Planning (ERP) and Point of Sale (PoS) solutions
for enterprises.

The company has developed a fully integrated, web-based ERP system
tailored to the needs of any company, regardless of size or industry
sector. The functionality of Openbravo ERP is in continuous growth
thanks to an expanding international community of users, partners and
developers. Openbravo ERP helps companies manage daily operations,
optimize business processes, enhance customer satisfaction and
ultimately increase profitability. And because it is open source,
Openbravo ERP puts the customer in full control without license
overheads. Openbravo has won several important international awards.

In October 2007, Openbravo acquired the leading open source POS
solution. The newly renamed Openbravo POS is a point-of-sales
application designed for touch screens. It supports ESC/POS ticket
printers, customer displays and barcode scanners. It can support
single and multiple users and has a strong back-office including
product entry form, reporting and easy-to-read charts. Openbravo POS
is integrated with Openbravo ERP and is also available as a standalone
product.

Openbravo is venture backed and has received record funding in the
Open Source ERP space from a consortium of leading global investment
firms: Amadeus Capital Partners, GIMV, Adara Venture Partners and
Sodena. www.openbravo.com.

For further information or to schedule a briefing,
Prompt Communications on behalf of Openbravo
James Gerber, Mike Kane or Hazel Butters
US: +1 617-576-5763 / +1 617-291-9899
UK: +44 (0) 20 8996 1653 / +44 (0) 7780 687813
openbravo@prompt-communications.com

Copyright Business Wire 2008