NextPOS Corporation and Transactional Web, Inc. Partner to Replace Expensive and Labor Intensive Reporting and Accounting for Restaurants with Affordable Subscription-Priced Web Automation.

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Transactional Web and NextPOS parter to eliminate inefficient accounting and reporting processes for restaurants with a new web-based service. The new service is offered as a modest subscription and requires no large upfront investment in software or hardware. Merchants save time, money, and have instant access to actionable information anytime, anywhere.

Dallas, TX (PRWEB) November 30, 2004 – NextPOS Corporation and Transactional Web, Inc. (TWI) announce an end to the era of faxing, transcribing, express mailing, and manual data entry for restaurant businesses. The two companies partnered in early 2004 to integrate iEnterprise, TWI’s online reporting and automation technology, with the NextPOS restaurant point-of-sale system. Today, the companies are pleased to announce the completion of their efforts and to introduce the solution to a problem that nearly every small and midsize restaurant owner has: managing and growing the business without getting bogged down with the cost of redundant, expensive, and mistake-prone manual data entry.

iEnterprise automatically acquires NextPOS data from every location and then creates and records balanced journal entries in the client’s accounting system (including PC-based QuickBooks). NextPOS clients have automated accounting and can also view daily sales, labor, and product analysis reports across locations by logging into their secure iEnterprise website.

The integrated iEnterprise solution is provided as a subscription service – a model frequently referred to as “software as a service” – that gives businesses access to leading applications without large upfront expenses or the burden of ongoing hardware and software maintenance. Software as service providers are able to offer solutions at a fraction of the cost of traditional systems primarily because they work from a single centralized version of the application delivered over the Internet. All enhancements, maintenance and upgrades happen for everyone at the same time. And, subscription pricing typically makes these applications cost-effective to a broader base of businesses than traditional software licensing.

Mike Moreland, TWI’s CEO and a Texas CPA, explains that, “the vast majority of the information needed for operational reporting, financial accounting, and payroll are captured at the point-of-sale. Even so, most restaurant owners pay hundreds of dollars each month for someone to re-type this same data into spreadsheets, accounting systems, and payroll systems. Our partnership with NextPOS will allow business owners to redirect those resources into more valuable and productive activities. And, our software as a service business model gives business owners assurance that we’re committed to the relationship for the long haul.”

"The partnership of our two companies positions NextPOS and Transactional Web as two of the largest global players in the rapidly growing Hospitality Industry," said Mr. Tu, president and chief executive officer, NextPOS Corp. "Together, the two companies will be able to provide the most compelling and diversified suite of integrated restaurant management solutions around the globe, including Full Back Office management, Employee management, Advanced Reports, Subscription Based Web Technology, Hardware and Software management, and overall integration of a superior management suite."

"By combining Transactional Web’s world class internet based accounting platform and reporting assets, with NextPOS corporation’s already robust restaurant applications business, we will further improve our ability to offer the highest quality restaurant management solutions. Together we expect to create enhanced value for our users, resellers and affiliates, and ultimately drive greater value for both our companies," said Mr. Tu.

"NextPOS Corp. pioneered the integration of a full suite of management tools, combined with a user intuitive Point of Sale application, and we believe there remains huge upside potential in this market," said Mr. Tu, president and chief executive officer, NextPOS Corporation. "By combining both the Software Solutions of NextPOS Corporation and Transactional Web, we believe our companies will be strongly positioned to take advantage of this growth opportunity by more rapidly developing and deploying innovative restaurant management solutions."

About NextPOS Corporation

NextPOS Corporation is the creator of the NextPOS for Restaurants line of software.

NextPOS for Restaurants software was designed with the independent restaurant owner in mind. The design concept was to create a software that would be easy to setup and use by even a computer novice. Although the software is easy to use, it has all the features of the more expensive Point of Sale software programs on the market with a price that even the smallest restaurant owner can afford.

NextPOS Corporation developers drew upon years of experience in the restaurant Point of Sale market from a pool of various restaurants, and bar owners. NextPOS Corporation has consistently been providing the tools and functionality that numerous restaurant owners and managers had requested in the past. These tools and improved functionality have been continuously upgraded or added as the needs of the restaurant owners and managers have changed.

About Transactional Web, Inc.

Transactional Web, Inc's services eliminate labor intensive reporting and accounting functions for hospitality businesses through unique subscription-based web technology. Transactional Web's cost-effective subscription pricing gets businesses up and running fast without the expense of new hardware, software, or administrative overhead. Transactional Web's systems are designed to easily integrate with leading POS solutions.

Contact Information:

Sales Department

NextPOS Corporation


Mike Moreland

Transactional Web, Inc.


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