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To: €mpbps of Finencirl Software Systsns
frorn: lasbRa*ict, C€O
Date: l{ovenrbqr 6, 2014
9$pct: f.orpate nd*Cnme*t of Goals, Siectives, *rd Dox*ir*g
I wafited p{r to heer dkectil from me .bqrt ory Bhns at Financial Sofnrare $fstsnc. ln rcccnt
deys, rt*nors ltav€ been circtdatirg througfrout ttla ortsniretion and I rrst# $ke to clar*fy sorne
thirqs. I krlorr thet the tlard tvo* elrd dedkrtion of c*ry enrpbyoe ttrorljfp{rt th€ cntir€
or3adratkrn is the kel to finencbl Softwere SVstcsrs s{rooess. I hsre hd th€ Fgre to urork
aptride somoof the mottextreortlinary indhtifueh, ard ow focw hasdsryt becnto provi**e
the sVrecede*ted spcrior &rancial softwaru rystctns for large oornptrths.
S*nc€ I becam€ CEO l'w bcen $orkhg with Finaoc*el Soft*se tyrt€ms' ser*or rmn 3trrlcnt
tem to creatc a Fan to pocition the cornpony for futsc grc*th, maintainirg onr positbn rs
the ird$tn/s lG.dcr ln quelity fimncial softrare spt*rrr*atl rhib safegrrardirg oir tr#iofis
and kgry. The corrpny is r*tnrturirE ow fpab a{td oqFcthr$ to Sire owsehles thc
opporhrnlty to coflrpgto inourcore h,rsirl€cs; wt u*S tramitbn orr fiscus frcn financid
softurye sy3tenrsdlgXp to gtrall co*rpenirn. Flnrrriat Softunre Ststsm' pfir€d tsm,
Accotmt5oft, ha'5fl#ered dGcl+nirq sdes qcr th€ p.st two ycds, and it no longer frs sith the
nm A* afid obi€ctis€s of the smB.ny. As a rerdt, tl* AccamtSoft t*visbn of or corpxry
sdfl be acWircd by Accorffiir€ $ugport Sendrn$, hlc. to rcd{rce cortg and rea$aatc r€rcure3 to
or l*gh*fwth ftwrcid goftware syst€fits tlxt accotttp*ish anr 3oals.
lkre it Fimncial Softwarc Systcfirs, w€ are ctrrer*V ln a positkm of u@d str€n6th. To
mi*ntrh tl*r porftbf}, s€ se coftrt$tly rwi**nf oilr hl3iness to m*t* s+ne wc're operrttrq
as e'fficbnth end e{Secthrrf as porsib,&e. DurtuU this tff;risit'xrq vrc tfid ow best to minimire
steff redrrtions. flrcer, end it p*ins rc to 5.y thb, potiti(tffi $B bc diminrtcd. Ar p*rt of
thisefio{t, thr l30emffiwitl*r the sal€r e*d tnartetl4@artmrr*sof Aceotmt$oft w*ll
bc leid otr. eretoa $ifr**irrr iaow acqdsitirxt.tr€el$er*, the softrcre daralopersof
kcosntSoft wis beo{tersdthe sa*rc po'sitidt uitl*n Accaur*irg g4port Servi€es, krc.; the -r;/{& o{Epfiirdk}llel r€strircturltg u# takl effect Dccember 1, 241{. . .fl}? :
Ts mkr*nirs the ctr$s to our vah.rcd e*npbyce6, w wiil bc €'f$Grin! r frcc "RGsrtE sd Cerer ) L€tts Rov*6ind wrkfuon t*qember m, 201,1 fo{ Cl indivieds ufig sish toattcnd. A /
scr?ftlnce F *r*€ of $2,000 per emfloy€e wiil bt o#cttd to fmancidly relierc som of the
r'* r u\^ !^'!-\ "'" g ''t t'4n*w tu^()- hrrden c$i.d t pon cach heddual. €ffect*yc llovembcr 7,7fl., Emplgtscs in the s.b$ erd
marketkg dcpertne*s of Accorsrt5oft will renwh m peyroll r*rtil after tlre transition, h,rt rre
rc lo4er obEatcd to b pre*o*t at th€ faci*ity. tdr? trcrt ail of ow €rnffi€s with dilltity and
respe€t, a+d rlll Broride tlte rcources previo'uc+V diset.tssd to tlelp th€rn ttrc{Ah this
fenei'tbn. Dcrpite the $alb*gcs w face, rc *eed to focus on the tesks at hand, rnait*ein the
se*s€ of cxcc{€ficc that tt* defi*od our cornpa{ry fior more than 5O yeafis, and nme forwerd
krcw*rg tlrrt, regar&ss of any oryrr*rationel clxx[c$, we will rsrn in tho irdustrls gidd
stankd.
