ClearMomentum provides corporate managers and capital providers with a practical business intelligence solution that turns data into actionable knowledge by combining financial strategy with business analytics, modeling, budgeting, and dashboards / scorecards. The company’s ClearFinancials® Software-as-a-Service (SaaS) solution provides unmatched functionality, speed and usability. New features have recently been added and a major new release, ClearFinancials® 2010 is now available. See www.clearmomentum.com for more information.

“Five years ago, ClearMomentum’s founders had a vision to make comprehensive corporate performance management, analytics, and reporting easier and less expensive. With this release, we have accomplished that goal and gone well beyond. Our products provide unmatched efficiency and insight to our growing family of worldwide customers”, said Ken Kaisen, CEO at ClearMomentum.

Today, ClearMomentum is announcing:

• ClearFinancials® 2010
• Powerful new features and options

ClearFinancials® 2010

With this important release, ClearMomentum introduces a new platform, an enhanced user interface, and significant new features.

The new platform enables tailored ‘editions’ that support key market segments, with features and options catering to specific needs in the Corporate, Private Equity, Advisory Services, and Commercial Lending markets. As part of the new ClearFinancials® 2010 platform, a revamped user interface provides even greater consistency with UI standard from Microsoft Office, Excel, and Windows 7. Also included in ClearFinancials® 2010 are many significant new features that keep ClearMomentum the clear leader in practical business intelligence.

Among the many new features are:

• Report previews that make it easy to preview, adjust, and save any report.
• eFORMs, which allow the ClearFinancials® 2010 user to turn standard reporting output into a “live”, editable PDF format.
• Administration module enhancements for improved end-user management, entity management, and configuration.
• Acquisition modeling improvements with new scenarios, making it even easier to do “what-if” analysis and budgets.

“We will realize significant productivity gains in our finance department and be able to share and act on financial data and operational metrics quicker and more effectively throughout the entire organization. Our projected return on its investment for ClearFinancials® is less than 12 months”

Since 1850 Palmer Foods has been serving customers and clients in Rochester and Western New York, distributing fresh seafood, meat, poultry and groceries to the finest dining establishments in the area.  “We are very thankful to be the oldest family owned and operated business in Rochester. We are also thrilled to be doing business with this exciting new company in our area. We believe the ClearMomentum team and their product will clearly be able to help us run our business better and more efficiently,” said Kip Palmer, President, Palmer Food Services.

Palmer Foods will be leveraging ClearFinancials® to tap into their existing IT systems and provide sophisticated and more timely analytics and reporting. “We will realize significant productivity gains in our finance department and be able to share and act on financial data and operational metrics quicker and more effectively throughout the entire organization. Our projected return on its investment for ClearFinancials® is less than 12 months,” said Jack Whittier, CFO, Palmer Food Services.

ROCHESTER, N.Y.–(EON: Enhanced Online News)–ClearMomentum, Inc., a Financial Performance Management (FPM) software and services company, announced record growth in 2009. The company has now achieved 5 consecutive quarters of sequential growth and has bolstered its already strong presence in Capital Managers with significant wins in the Corporate arena, including American Rock Salt and Infotonics Technology Center. New Capital Managers customers adopting ClearFinancials® , the flagship Software-as-a-Service offering, in 2009 include Alpine Investors, Monomoy Capital Partners, Nautic Partners, and Peninsula Capital Partners.

Alpine Investors: Based in San Francisco, Alpine Investors’ objective is to invest in or acquire small to mid-sized U.S. based companies. The firm’s capital, $247 million under management, may be used to provide full or partial liquidity to entrepreneurs, family members, estates, passive investors or corporate owners.

American Rock Salt: Founded in January 1997 by Joseph Bucci, Gunther Buerman, and Neil Cohen, American Rock Salt is the first successful salt mine to be built in the United States since 1960.

Infotonics Technology Center: A New York State Center of Excellence 501(c)(3) organization formed by a consortium of industry and government to promote economic growth through world-class MEMS innovation.

Monomoy Capital Partners: A $280 million private investment firm dedicated to constructive investing and business improvement in the smaller end of the middle market ($50 to $300 million in annual revenues).

Nautic Partners: Founded in 1986, Nautic Partners is a middle-market private equity firm with over $2.5 billion of equity capital and more than 100 investments under management.

Peninsula Capital Partners: An investment company founded in 1995 and specializing in subordinated 
debt and structured equity investments in superior middle-market companies. 
Through four private limited partnerships, they control over
$800 million of investment capital.

ClearMomentum provides executive managers and capital providers with an affordable performance management solution that turns data into actionable knowledge by combining financial strategy with business analytics, modeling, and budgeting. The solution provides unmatched functionality, speed and usability. New features added to ClearFinancials® in 2009 include scorecards, built-in document repository, and the User Report Designer. See www.clearmomentum.com

The financing round was completed by Trillium Group, and led by General Partner Kevin Phelps with Trillium Venture Partner, James Stoffel. Phelps and Stoffel, along with Clear Momentum founder John Grabski will be members of the Board of Directors.

ClearMomentum offers a software solution that accelerates the financial performance of organizations by taking disparate financial and non-financial data and turning it into clear and actionable management knowledge. ClearFinancials®, the flagship SaaS product, enables customers to accelerate and enhance operational reporting, better understand the key drivers of a business and improve cash flows. The company has offerings in the Capital Management, Performance Management Advisors, Corporate, and Commercial Lending markets. The Series A funding will help ClearMomentum accelerate its growth trajectory, secure strategic partners, create higher-value services and build on the company’s recent successes.

“After reviewing many opportunities in the Software-as-a-Service market for a Company with great revenue and profit potential, we identified ClearMomentum as a company that meets our rigorous criteria” said Kevin Phelps, “ClearMomentum is an outstanding company with a compelling vision to transform traditional static financial data into dynamic management information to drive better decision making.  With new capital and  the addition of Ken Kaisen as CEO, Clear Momentum is now poised to take full advantage of this market opportunity.

Industry-veteran Kaisen brings more than twenty-five years of related leadership experience to ClearMomentum. He recently served as VP / GM of Consulting and  Integration at Avaya, a global telecommunications and software company, where he was accountable for the development, P&L, and growth of Avaya’s $400 Million worldwide professional services and systems integration business. Prior to Avaya, Kaisen was at the forefront of Xerox’s transition to a services/solutions-led company, with a track record of successful product, services, marketing, and general management positions. Kaisen also has CIO experience at both Xerox and New England Business Services Inc.

About Trillium Group

Founded in 1997, Trillium Group is a Rochester, N.Y.-based private equity firm managing early stage venture capital and growth equity funds. Trillium partners have extensive venture/private equity investment and management experience, having been chief executive officers, presidents and board members of a wide variety of startup companies, joint ventures, and Fortune 100 multinationals. Trillium is dedicated to achieving venture rates of return on invested capital at acceptable levels of risk. For more information, visit www.trillium-group.com

News/Press Release

ClearMomentum, Inc., a developer of CPM, Corporate Performance Management software and services announced record growth in the month of December for the fourth month in a row. Highlights of major customers adopting the company’s flagship product include 5LINX, Enterprises, Inc., Liberty Partners and Lone Star New Markets.

“ClearMomentum, Inc., a developer of CPM, Corporate Performance Management software and services announced record growth in the month of December for the fourth month in a row. Highlights of major customers adopting the company’s flagship product include 5LINX Enterprises, Inc., Liberty Partners and Lone Star New Markets.

About 5LINX Enterprises, Inc.: 5LINX is a global organization selling VOIP and technology products throughout the world. 5LINX® was named to the prestigious Inc. 500 list of the fastest growing companies in America for the third year in a row. Implementation of ClearFinancials® will enable 5LINX clear insight into operational performance, seamlessly integrating the corporate budget with management strategy. 5LINX Enterprises represents’ the fourth major customer this year to leverage ClearFinancials® global multi-currency translation functionality.

About Liberty Partners: Liberty Partners is a New York-based private equity investment firm with more than $1 billion under management. Founded in 1992 by former executives of Merrill Lynch Interfunding, Liberty specializes in middle-market private equity investments in manufacturing, business services, and education-related companies.

About Lone Star New Markets: Lone Star New Markets is a progressive investment firm located in Dallas, Texas. The company added ten portfolio companies to their ClearFinancials® subscription in December. Lone Star New Markets marks the second major investment firm in Texas to adopt ClearFinancials® in 2008 as a turnkey portfolio company data management solution.

ClearMomentum provides executive managers and capital providers with a Corporate Performance Management (CPM) solution that integrates financial strategy with business analytics, modeling, budgeting and is rapidly becoming the industry Gold Standard for transparent financial reporting. The solution provides an unmatched user experience delivered SaaS and can be deployed across the enterprise efficiently and cost effectively.”

Click here for the official press release.

Product Update Announcement

The most recent release provides users with the ability to configure reports with unlimited flexibility and is designed to provide deep insight into the most complex organizational structures. New drag and drop report writing functionality combined with the ClearFinancials® data model makes complex report writing both efficient and user friendly. This banded report writer allows users to report or query ClearFinancials® data or aggregate data sourced from disparate data sources or operating systems..

“ClearMomentum, Inc., a developer of CPM, Corporate Performance Management software and services announced the release of version 6.0 of the company’s flagship application ClearFinancials®.

The most recent release provides users with the ability to configure reports with unlimited flexibility and is designed to provide deep insight into the most complex organizational structures. New drag and drop report writing functionality combined with the ClearFinancials® data model makes complex report writing both efficient and user friendly. This banded report writer allows users to report or query ClearFinancials® data or aggregate data sourced from disparate data sources or operating systems. New features include advanced charting and sub-reporting to facilitate analyst commentary and to support the need to consolidate key management information into one report.

In addition, ClearFinancials® now supports the ability to drop “Public” reports in shared folders to make specific data available to key stakeholders and other user groups for the efficient distribution of critical performance data.

Version 6.0 includes a host of general usability enhancements including drill down visibility from top level financial statements down through to general ledger accounts including those operating with multiple divisions, operating units, profit centers or multiple currencies.

ClearMomentum provides executive managers and capital providers with a Corporate Performance Management (CPM) solution that integrates financial strategy with business analytics, modeling, budgeting and is rapidly becoming the industry Gold Standard for transparent financial reporting. The solution provides an unmatched user experience delivered SaaS and can be deployed across the enterprise efficiently and cost effectively.”

This article suggests that the time tested Altman Z-score, originally designed to predict corporate default represents considerable value when used as a corporate performance metric if measured continuously as opposed to one moment in time. Indeed, one could reason that if the measure has merit as a predictor of default, then it only make sense to manage the underlying drivers in order to optimize the ongoing viability of the firm. Used in this manner, this article argues that the Z-score should be considered more often in the corporate performance management setting. In addition, the article highlights the significance of the measure when crafting loan covenants to compliment other measures that are perhaps shorter term in nature. A generic framework is provided that illustrates the relationship of underlying drivers that contribute to the score, representing at least one approach to managing firm viability as a component of corporate strategy.

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