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When Quality Software Products Financial Information Systems made the leap across the Atlantic Ocean and opened a subsidiary on Atlantic Avenue in Raleigh, it was poised to take on the country.
President John Bourne jokes that with the size of the market awaiting him, he could fail and still do well.
Not that the company is failing, Last year, it had sales of $8 million, representing 11 percent of the 70 million in revenues of its parent company, which trades on the Lon on Stock Exchange. For the most part, QSP goes after Fortune 5000 companies, providing financial software that is designed to untangle the complex financial systems of the largest of companies.
The product allows for the creation of ledgers, sales invoices, purchasing functions, payroll, just about any component of keeping up with the finances of a company. It helps manage cash flow and credit, balance accounts payable and receivable, monitor inventory and sales curves, track capital and investments and provide business intelligence.
QSP's primary clients in the United States are companies whose core business is done on mainframe computers, though it works with UNIX systems as well. The company also provides web-based software for the Internet and intranets. An intranet software program allows various department...