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Danielle Tarp

Oracle NetSuite Corporate Communications

NetLedger inks partnership with eBenefits

San Mateo, CA.—September 26, 2000—NetLedger, Inc., the leading application service provider (ASP) that enables small businesses to run totally online, today announced it has joined forces with San Francisco-based eBenefits to bring together online accounting with human resources services.

As the first step of the agreement, both companies will offer co-branded services to their users. Effective immediately, NetLedger customers have access to a co-branded site where they can sign up for eBenefits HR services. eBenefits customers, in turn, have the same easy access to NetLedger's accounting solution.

The second phase of the agreement will result in a full integration between NetLedger™ and eBenefits VirtualHR™. This will allow an exchange of appropriate data between the two applications. Users will enjoy synchronization of employee information between applications and the ease of use associated with single sign-on between the two services. The integration is expected to complete by the end of the year.

"This partnership with eBenefits, coupled with ADP's EasyPayNetSM integration, represents another giant leap forward in our strategy to use the NetLedger™ accounting solution as a springboard to virtually any and all services that a small company needs to keep its operations running efficiently and with minimal effort," said Evan Goldberg, president and CEO of NetLedger, Inc. "eBenefits is an incredibly valuable addition to the suite of services already integrated with NetLedger."

eBenefits is the leading online provider of human resources services to entrepreneurs and growing businesses. It manages benefits, maintains employee records, generates HR reports, tracks compliance requirements, facilitates recruiting and more. eBenefits includes an employee self-service capability that, for example, allows new hires to complete and submit W-2 and benefits enrolment forms online.

"We're helping entrepreneurs start-up, manage, and grow by solving an important business issue-how to cut costs and focus on the business when they have limited in-house resources to manage employment-related responsibilities," said Andy Kurtzig, CEO of eBenefits. "We are very excited about our partnership with NetLedger. By integrating our services with the payroll function, the efficiencies we can bring to growing companies are now even greater."

NetLedger is a trademark of NetLedger, Inc.

About eBenefits

eBenefits is the leading provider of online human resources services to entrepreneurs. Located in San Francisco, eBenefits develops and markets Internet-based software products that enable customers to save money and focus on their core businesses. eBenefits currently offers eBenefits VirtualHR™ and eBenefits QuoteWizard™. Both products are designed to provide customers with access to industry-leading vendors of the products and services they need to retain good employees: resources for managing humans™.

Founded in 1996, eBenefits is funded by New Enterprise Associates (NEA), Draper Fisher Jurvetson and W.R. Hambrecht + Co. The board of directors, chaired by Sandra Kurtzig, includes William R. Hambrecht and Larry Sonsini. For more information, contact Maya Browne at 415-495-7585 x265 or visit:


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