GUILDFORD, England, January 28 /PRNewswire/ --

- Web-Based Purchase Ordering and Commitment Accounting Software Gains 
Control of Corporate Spending

Compleat Software Limited - http://www.compleatsoftware.com - (formerly
Vectra IT Limited), a provider of e-procurement, expense and cashflow
management solutions, today announces the launch of V2.5 of Compleat Spend
Control e-procurement software that enables web-based purchase ordering,
commitment accounting and better cashflow management.

Compleat Spend Control enables web-based purchase order
generation providing cashflow management and forecasting based on both actual
spend and committed spend - http://tinyurl.com/8ptrfo - which enables full
commitment accounting. Neil Robertson, CEO at Compleat, comments, "Recession,
makes cashflow management the priority for every organisation. Over the
course of 2009 corporate success will depend upon the ability for businesses
to carefully manage cashflow and the only approach that allows for thorough
planning of a company's cash is having complete visibility of all cash
commitments as and when they take place - real commitment accounting."

Compleat Spend Control also provides the ability for the
finance department to take centralised control over corporate budgets,
ensuring that every requisition / purchase order is always in budget and
included within the cashflow forecast automatically -
http://tinyurl.com/7uhdys - delivering automated purchase ordering,
centralised budget control and corporate cashflow management based on fact.
It facilitates a consolidation of suppliers to maximise buying power and
negotiate the best possible credit terms, generating the appropriate Terms &
Conditions with each order, whilst also capturing the supplier's performance
to aid future negotiations. Robertson comments, "With Compleat Spend
Control's web-based purchase ordering companies can have complete visibility
of the cost pipeline, the cashflow information and the ability to reduce
spending in any area of the business at a moment's notice - plus full
commitment accounting. The current economic climate is all about cashflow
management, conserving cash and maximising its effectiveness."

Compleat includes the option to implement full receipting of
goods and services to ensure the timeliness, completeness and accuracy of
supply - http://tinyurl.com/8stgk3 - together with automated purchase invoice
approvals.

The ability to control which suppliers are used and monitor their
performance on accuracy, timeliness, quality and pricing, opens the door to
negotiation of better discounts and longer payment terms.

Available in three editions - Standard, Professional and
Enterprise - Compleat Spend Control integrates with any accounting software
solution, in real time, with an Application Integration and Translation
interface - http://tinyurl.com/7kgdcs

Neil Robertson, Compleat CEO, concludes, "Amongst the
financial gloom and doom, financial directors are under increased pressure to
take control of company cashflow and provide commitment accounting. Web-based
purchase ordering e-procurement software can be seen as an extension to
accounting solutions and offers itself as a cashflow management and spend
control lifeline as the recession worsens." http://tinyurl.com/8ptrfo

Compleat is a mature and fully-proven cashflow management and
commitment accounting solution with a customer base that spans multiple
vertical markets such as Sport / Events; Design and Property Development;
Education; Value Retail and pan-European Retail.

About Compleat Software Limited

Compleat Software Limited (formerly Vectra IT) is a provider
of e-procurement and expense solutions for the mid-large marketplace.
Committed to product and client satisfaction it strives to be at the
forefront of technologies in order to provide best-of-breed software
solutions.

http://www.compleatsoftware.com

About Compleat Procurement

Compleat from Compleat Software Limited is a Microsoft
web-based e-procurement and expense solution that tightly integrates with
most mid-ware accounting solutions. Providing your business with immediate
cost-control, Compleat controls all aspects of your companies procurement
cycle. With the most advanced, customisable workflow solution and real-time
financial integration Compleat provides a winning procurement framework.

For further information, please contact:
    Krista Cundy
    The itpr Partnership
    t. +44(0)1932-578-800
    http://www.itpr.co.uk