Cegid has created "Cegid Entrepreneurs & Associations", a new Group division dedicated to entrepreneurs and other small entities

Cegid responds clearly to the needs entrepreneurs and associations currently face

Entrepreneurs and associations often view accounting as no more than a legal requirement. Now, increasingly, they are involved alongside their CPA in the choice of the best IT solution for their needs and budget. Quoting-invoicing, accounting and e-commerce are but a few of the functional areas in which the choice of service provider is paramount.

Cegid has always benefited from the recommendations of its CPA partners. It is now strengthening its position in this market and stepping up its growth by creating a new division: Cegid Entrepreneurs & Associations.

The "Yourcegid Entrepreneurs" and "Your Cegid Associations" suites offer sales management and accounting modules that are not only rich in functionality, comprehensive and industry-oriented, but also 100% SaaS-mode enabled. Through multi-channel distribution, the division will address artisan contractors, store-owners, independent professionals and associations in the most appropriate, customized manner possible.

The division currently has a staff of 45 in France, including a development team, a hotline and web assistance personnel.

The division has set its strategic priorities

Cegid Entrepreneurs & Associations has established a roadmap with four strategic orientations:

• Offer a complete solution for quoting-invoicing, sales management, receipts and accounting, associated with web services;
   
• Diversify distribution channels through:

o a network of resellers with online communication tools dedicated to their customers,
o an online Cegid solutions boutique, to be opened soon,
o the Comptanoo.fr portal http://logiciels.comptanoo.com (a 50-50 joint venture with Groupama-Gan) designed for creators and owner-executives of small companies,
o an effort focused on government offices and agencies so as to develop partnerships leading to bundles, co-branding and other forms of promotion.

• Initiate new partnerships that will enrich the product range and open the door to offering comprehensive, functional service packs, such as in e-commerce;
   
•  Solidify Cegid's long-standing relationship with CPAs, who recommend Cegid products and are uniquely placed to reach entrepreneurs and managers of small companies.

A unique 100%-SaaS model!

A precursor in the development of hosted solutions, Cegid had already created the "Cegid Interactive" division in March 2009 to respond to the market's demand for SaaS-mode utilization. Now Cegid is strengthening this major aspect of its strategy by offering all of the new "Entrepreneurs & Associations" division's solutions in SaaS-mode.

Online usage of accounting and administrative applications gives the executives of small organizations undisputed advantages. They no longer have to install applications on their server themselves, or manage updates or maintenance. In the end, this saves them time and money and facilitates their access to the application. Cegid stores their accounting and sales data in a protected, dedicated space, accessible 24/7.

The means to make a mark on the market

Cegid Entrepreneurs & Associations, the latest addition to the Cegid family, will leverage Cegid's strong, long-standing reputation to position itself on the market and make a name for itself. Its well-designed 100%-SaaS model, modern and tailored to the needs of small entities, also embodies the advantages of Cegid's sound infrastructure.

CPA recommendations influence entrepreneurs, and for this reason are very important. CPAs often encourage store-owners, independent professionals, other entrepreneurs and associations to adopt a full range of Cegid solutions and build their growth and development on a foundation of innovative and reliable IT solutions.

*Yourcegid

Cegid has created the "Yourcegid" brand to federate all of its enterprise solutions around a single identity, exemplifying its ambition and promise of commitment to customers. As Cegid solutions gradually adopts the "Yourcegid" banner, customers will be able to build the unique "Yourcegid" solution that responds to the issues they face and call upon any aspect of Cegid's expertise, as dictated by their needs.

Cegid in brief - www.cegid.fr

The leading developer of management software in France with annual sales of €248 million in 2009, Cegid counts more than 2,000 employees and 350,000 users in France and abroad. With branch offices in Paris, New York, Barcelona, Madrid, Milan, London, Casablanca, Shenzhen, Tokyo and Singapore, Cegid also relies on distribution agreements throughout the world in order to support its customers in their international growth.

Creator of solutions dedicated to enterprise performance and growth, Cegid has built its know-how on "business-specific" (retail, manufacturing, hospitality, services, wholesale, CPAs, public sector) and "functional" expertise (accounting and fixed asset management, taxes, financial management and reporting, and HR/payroll management). Cegid's products are tailored to businesses and public institutions of all sizes and are also available in "On Demand" (SaaS) mode.

With technologies that integrate naturally and meet users' industry-specific requirements, Cegid opens a new dimension in information technology: the creation of value for enterprises and those contributing to their growth.

Listed since 1986 - Euronext Paris Compartment C
ISIN stock code: FR0000124703 - Reuters : CEGI.PA - Bloomberg : CGD FP - ICB : 9537 Software
Indices : Small 90, Mid and Small 190, ITCAC and SBF 250

Press Contacts

i&e CONSULTANTS –Cegid Press Group – + 33(0)1 56 03 12 25 – cegid.presse@i-e.fr
Cegid : Isabelle EMERARD – + 33(0)4 26 29 52 39 – i.emerard@cegid.fr