GENESYS Benefit Payment System Version 5.0 Now Available
-- Benefit Payment Business Unit Formed --

November 11, 1993 -- Methuen, Massachusetts -- GENESYS, the industry leader
in client/server HRMS solutions, today announced the availability of
Benefit Payments Version 5.0. Benefits Payments Version 5.0 is a complete
payment and tax reporting system designed specifically for financial
service organizations who need to create both periodic and non-periodic
payments for their customers. On-line and menu-driven, this extraordinary
solution is the only Benefit Payment System in the marketplace that can
run on either a PC or mainframe computer without sacrificing
functionality. Benefit Payments Version 5.0 includes many features that
give financial institutions more flexibility and improved productivity
including:

* Windows GUI
* Complete Payment Processing
* Government Compliance and Reporting
* OnLine Client Access
* Absolute Security
* Easy-to-Use Report Writer

The Benefit Payment System a complete and comprehensive pension payment and
lump sum distribution solution that includes tax withholding and
reporting. It is currently being used by major trust institutions and is
producing several million checks per month to retirees.

The Benefit Payment System business unit consists of a team of experienced
benefits professionals dedicated to service and support of this market.
According to Ruth Ladner, GENESYS Senior Vice President, "The Benefit
Payment System combines innovation with technology to provide financial
service organizations with unique flexibility and functional richness. Our
goal in forming the business unit was to concentrate on the needs of trust
and financial service organizations."

According to Peter Loucks, National Sales Manager for Trust Systems, "This
is the only Benefit Payment System in the marketplace that provides trust
companies and financial service organizations with the ability to better
service their clients with tailored access and reporting."

GENESYS is the industry leader in client/server HRMS solutions. Since its
founding in 1981, GENESYS has provided high performance, yet easy-to-use
Human Resource solutions to assure business requirements are accurately
met. Our products include Payroll, Human Resources, Defined Contribution,
Defined Benefits, Flexible Benefits, Benefit Payments, Human Resource
Planning, and an Integrated Payroll/Human Resources Service Bureau.

GENESYS
5 Branch St, Methuen, MA 01844
508-685-5400

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