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Pandell News - Nov 25, 2011

Pandell Releases Version 3.17 of JVNexus™ Financial Accounting Software

Latest Release Delivers Advancements in Data Processing and Faster Performance

Calgary, AB – (Nov 25, 2011) Pandell Technology Corporation announced today the release of JVNexus financial accounting software, Version 3.17.  This version includes new robust data processing for key operations, and increased performance and functionality by the addition of new report logic and a new grid extract engine.

Version 3.17 introduces robust “all-or-nothing data processing” across key operations. With this added security, transactions are only committed to the database after the full completion of the process. This ensures no records are left in an incomplete state. All-or-nothing data processing has been implemented across several core functions, including:

• voucher processing and rollbacks
• cheque processing
• new clearing function in the Working Interest Clearing master
• master file global replacement
  

In addition, continuous improvement efforts have addressed system performance and functionality in the following areas:

• refined database access logic that effectively enables reports to run up to 35% faster
  
• improved handling of cached data
• a rewritten grid extract that now provides: an ability to open, run, share and apply custom settings on multiple grid extracts, unlimited filtering options, new drilldown ability to transaction and master file details

JVNexus has been used by Canadian junior oil and gas companies for over a decade. With over 200 companies using it today, it is the top-selling financial management software in its industry. Available from Pandell as part of a full-service software solution, your company can start using JVNexus for one low subscription-based monthly fee. To request a product demonstration please call 403.271.0701 or submit a web form at www.jvnexus.com.

About Pandell Technology Corporation

Pandell is a software solutions company that delivers industry specialized software products and business services. For oil and gas companies, Pandell offers its NexusSuite™ of back-office software products and its NexusServices™, accounting and reporting services. For enterprise organizations, Pandell builds and manages PLISolutions™, large-scale, web-based applications delivered on Pandell's advanced technology. With its industry expertise and proprietary Pandell Liquid Intelligence™ technology ("PLI"), the company delivers the most modern, affordable software solutions and business services to its clients.