August 17, 2005

Solution offers comprehensive functionality and compliance with legislation 

Pegasus Software today announced the launch of its Pegasus Construction Industry Solutions (Pegasus CIS) product range. The solutions have been designed to provide complete control over every aspect of contract management, from contract costing, purchasing, timesheets and Payment Applications through to VAT invoicing and cash receipt matching. Crucially, Pegasus also offers compliance with the legislation pertaining to subcontractors, their CIS certificates, payment and statutory returns to the Inland Revenue, which are currently dominating the sector.

The company believes that Pegasus CIS will markedly improve the quality, accuracy and timeliness of the business and financial information necessary for the effective management of the complex elements of today’s construction projects and ultimately the profitability of these projects. Pegasus CIS can also scale to meet the needs of both small and medium sized and mid-market construction firms, which combined with its rich functionality and seamless integration with line of business applications such as payroll and core finance solutions, makes it unique in the market place. No other vendor can offer the depth and breadth of functionality from within a single solution.