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.

In recent years, academics and management consultants have argued the merit of the strategic management plan that is based upon the intelligent use of company performance data. New technologies have evolved to support the growing need for data that supports intelligent management decision making. Corporate performance management systems clearly provide a distinct competitive advantage to those with the ability to execute strategy based upon the data. However, while vigorous data analysis and reporting makes sense, the effort may be fruitless if causal factors and metrics to measure those same factors are not linked to corporate strategy. If the goal is to increase economic value, management energy must be purposefully directed toward activities that exhibit the greatest potential to influence the outcome in a positive way.

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Product Update Announcement

ClearMomentum announces the addition of new features that dramatically change and improve the manner in which CFOs manage loan covenants.

“ClearMomentum, Inc., a developer of CPM, Corporate Performance Management software and services announced the addition of new features that dramatically change and improve the manner in which CFOs manage loan covenants. The news marks the third major feature release this year as the company continues an aggressive 2008 product development schedule.

The new functionality provides the ability to efficiently create complex loan covenants and model hypothetical company performance scenarios in relation to the covenant. Should expected company performance approach critical covenant thresholds, the CFO may adjust underlying drivers to solve for performance levels necessary to avoid violating important loan covenants. The application enables the CFO to pinpoint specific management initiatives and dispatch performance expectations to key stakeholders through dashboards that are fully integrated with the corporate budget. The CFO or analyst may model covenant conformance for future periods or observe whether new loan covenants would have been violated in past fiscal periods. The graphic monthly view of both direction and trajectory of covenant performance provides the analyst with deep analytic insight into future loan covenant conformance. The feature represents yet another example of ClearMomentum’s relentless mission to develop functionality that fully transforms powerful analytics into actionable, purpose-driven strategy.

The robust functionality provides key management information to corporate managers and stakeholders that depend upon ClearMomentum’s flagship CPM solution, ClearFinancials&reg and is equally useful to capital providers including venture, private-equity, hedge-fund and mezzanine fund managers that utilize ClearFinancials® to manage portfolio company performance.

ClearMomentum provides executive managers and capital providers with a ‘purpose driven’ CPM solution that integrates financial strategy with business analytics, modeling, budgeting and reporting. The solution provides an unmatched user experience delivered via SaaS and can be deployed across the enterprise efficiently and cost effectively.”

Click here for the official press release.

News/Press Release

The addition of Rustic Canyon Partners marks the third California capital provider implementation in the past 60 days.

“ClearMomentum, Inc., a developer of CPM, Corporate Performance Management software and services announced a new key customer implementation for Rustic Canyon Partners located in Santa Monica, California. The Addition of Rustic Canyon Partners as a customer is significant in that the company is one of the largest venture capital firms in Southern California and the relationship provides ClearMomentum with a strong presence in Silicon Valley. Typically, portfolio companies of capital providers using ClearFinancials® become full-scale CPM subscribers of ClearMomentum so entry into the California market demonstrates the successful adoption of the product in each of the four major capital markets. The Rustic Canyon implementation marks the third capital provider implementation in California in the past sixty days.

ClearMomentum provides executive managers and capital providers with a ‘Purpose Driven’ CPM solution that integrates financial strategy with business analytics, modeling, budgeting and reporting. The solution provides an unmatched user experience delivered via SaaS and can be deployed across the enterprise efficiently and cost effectively.”

Click here to read the press release (PDF format).

News/Press Release

CPAC, Inc chooses ClearFinancials® to provide CPM functionality across a diverse multinational corporate structure.

“ClearMomentum, Inc., a developer of CPM, Corporate Performance Management software and services announced the completion of a major global implementation for CPAC, Inc., a large multi-national company headquartered in Leicester, New York. CPAC, Inc., is a large multi-national company that markets specialty chemicals, equipment and hard goods into two industry segments represented by Fuller Brands and the CPAC Imaging group.

The Fuller Brands segment includes The Fuller Brush Company, Stanley Home Products, and Cleaning Technologies Group. Fuller Brands manufactures and markets over 2700 branded and private label products for commercial and household cleaning, and personal care. The Fuller Brush name has been associated with high quality and value for over 100 years and is well known throughout the world.

CPAC’s imaging segment includes three domestic and four international chemical and equipment manufacturing operations representing nearly 800 branded and private-label chemistry formulations, environmental compliance systems, chemical mixers, and accessories. The company markets into over 100 countries worldwide.

Over the past several decades, the company diversified through a host of acquisitions into South Africa, Asia, Europe and the United States resulting in a complex financial reporting structure. Operating systems that differed by division and divisions of divisions coupled with language barriers and five separate currencies combine to create a monumental monthly financial reporting task. Disparity of operating systems, financial structures and currency exchange also made it difficult for CPAC to conduct real-time meaningful business performance analysis.

The implementation of ClearFinancials® provides the company with the ability to achieve one-view of the company’s financial structure from the top level balance sheet down to the general ledger of each operating division. In addition the solution provides the ability to view individual or consolidated financials in any currency at any point in the company’s hierarchy at any time.

In addition, ClearFinancials® unites the entire CPAC enterprise with one corporate budget and modeling solution that aligns each division with corporate objectives. The company may now analyze financials performance metrics as well as non-financial performance metrics at any level through performance dashboards throughout the organization that reflect the company’s unified strategy. The application was implemented from start to finish in less than 90 days.

ClearMomentum provides executive managers with a ‘Purpose Driven’ CPM solution that integrates financial strategy with business analytics, modeling, budgeting and reporting. The solution provides an unmatched user experience delivered via SaaS and can be deployed across the enterprise efficiently and cost effectively.”

News/Press Release

ClearFinancials® ‘Purpose Driven Performance’ clearly differentiates ClearMomentum from other CPM solution providers in that core functionality is uniquely designed to align and mobilize organizational resources around a specific management objective or purpose.

“ClearMomentum, Inc., a developer of CPM, Corporate Performance Management software and services announced the release of the ClearFinancials® ‘Purpose Driven Performance’ as the first of an aggressive release schedule slated for 2008. ClearFinancials® ‘Purpose Driven Performance’ clearly differentiates ClearMomentum from other CPM solution providers in that core functionality is uniquely designed to align and mobilize organizational resources around a specific management objective or purpose. Defining ‘Purpose Driven Performance as, “The act of mobilizing financial and non-financial resources to achieve a specific and measurable outcome”, ClearFinancials® brings clarity and management focus to the execution of corporate strategy. New ClearFinancials® functionality provides managers with the ability to solve for the performance of underlying drivers necessary to achieve a specific financial objective for a host of Purpose Driven Performance objectives. The solution is geared to meet the needs of private and public companies that range between $50 Million and $1 Billion Dollars in annual revenue and is particularly well suited for companies with complex operations including multinational companies with disparate ERP systems operating in two or more currencies. ClearMomentum provides executive managers with a ‘Purpose Driven’ CPM solution that integrates financial strategy with business analytics, modeling, budgeting and reporting. The solution provides an unmatched user experience delivered via SaaS and can be deployed across the enterprise efficiently and cost effectively.”

Product Update Announcement

Version 5.0 of ClearFinancials® released, adding significant improvements to ClearMomentum’s CPM solution, including non-financial and custom metric capabilities.

Product Update Announcement

ClearFinancials® 4.2 released, featuring new Currency Exchange and Instant Customer Support
features.

“ClearMomentum, Inc., a developer of CPM, Corporate Performance Management software and services announced the latest release of ClearFinancials™ version 4.2 earlier today.

ClearFinancials™ provides executive managers the ability to model, analyze and report important corporate performance management information and is one of the first applications of its kind to deliver a framework that links business analytics, modeling and planning to corporate strategy.”

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