EFFCU

Largest Credit Union in South Florida Rolls Out Flexi Software

Eastern Financial Florida Credit Union Replaces their Legacy System with Flexi Solutions

NAPLES, Fla./March 7, 2007/MarketWire — Flexi, a provider of world-class accounting software and services, announced today that Eastern Financial Florida Credit Union, a full-service financial institution with over 215,000 members nationwide, has implemented FlexiPurchasing and FlexiPayables, and is in the process of implementing FlexiAssets, modules available within the FlexiFinancials Suite.

Eastern Financial found that they were outgrowing their existing legacy accounting system, which did not provide them with the robust features and functions an expanding institution requires. Also, Eastern Financial wanted a solution that allowed them to integrate Accounts Payable (AP) and Purchasing (PO) to reduce duplicate efforts and ensure tighter controls. Eastern Financial looked at solutions from IPS Sendero and Great Plains, but after an extensive evaluation process, ultimately selected Flexi.

"The Flexi products allow us to automate a lot of our accounting processes, which makes our department more efficient," said Pamela Hemstreet, Controller at Eastern Financial.

Flexi Chairman and CEO Stefan R. Bothe said, "Once we gathered all of the necessary information, we were able to get Eastern Financial up-and-running in less than three months with products that will increase their accounting efficiency and grow with them as their business continues to expand. We take great pride in that, and we will continue to be there to ensure that our products are delivering as promised."

Last year, Flexi decided to supplement its successful partnership sales program with a direct sales effort into the Banking and Financial Services industry. In addition to Eastern Financial Florida Credit Union, Flexi recently welcomed FHLBank of Topeka as a new customer, and assisted a global financial services company in rolling out Flexi products in 38 countries.

About Eastern Financial Florida Credit Union
Eastern Financial Florida Credit Union, based in Miramar, Florida, is the largest Credit Union in South Florida and the third largest in Florida with $2 billion in assets. It has 27 branches in South Florida and the Tampa Bay region, serves approximately 1000 member companies and provides financial services to more than 215,000 individual members. The company offers a full-range of financial services to individuals and businesses. Eastern Financial Florida Credit Union was founded in 1937 as the original credit union for Eastern Airlines employees. In 2002, it changed its charter to allow membership by anyone who lives or works in Palm Beach, Broward, Miami-Dade, Pinellas, or Hillsborough counties. For more information, visit www.effcu.com.

About Flexi
Founded in 1991, Flexi develops, markets, and supports the Flexi suite of financial and accounting software. Flexi’s system streamlines business processes, integrates with current systems, and provides powerful and flexible accounting capabilities. The fully integrated suite includes General Ledger, Accounts Payable, Accounts Receivable, Fixed Assets, Purchasing, and Capital Projects. For more information, visit www.flexi.com.