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JACKSONVILLE, FL, September 11, 2014 /24-7PressRelease/ -- Venture Management Systems, LLC today announced the availability of VM Express, a free edition of Venture Manager. This is a game changing event in the competitive joint venture accounting software market.
Peter Beasley, company CEO, noted: "The JV market has made it clear that they are weary of the current paradigm. In a recent survey, 96% of respondents indicated satisfaction with their accounting system. They would prefer a best of breed add-on solution for joint interest billing. This is what Venture Manager is about." In the current paradigm to obtain the joint venture accounting features, customers must implement the vendor's full accounting solution.
Related to VM Express, Beasley stated: "In our view, vertical market solution vendors are woefully behind. Software procurement based on exhaustive analysis and ultimately a leap of faith, are no longer the norm. Express versions and try-before-you-buy editions are the current market demand. This is our offer with VM Express."
Joint ventures have long been the leading business form for capital intensive projects. With the US shale oil boom, the accelerating growth of renewable energy and new investments in space, communications, mining and more, this trend will increase. With this increase, there is a greater need to easily and effectively manage the ventures. Venture Manager is a modern and full featured application for joint venture accounting. The application manages projects and project budgets, cash calls, joint interest billings and revenue distributions. In addition, advanced features including an integrated, real-time venture dashboard and an electronic data room for project document storage are available.
VM Express is a free solution for the challenge of joint venture accounting. To learn more, to see how VM compares to SAP JVA or to download VM Express visit www.VentureManagementSystems.com.
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