Serenic Corporation
TSX VENTURE : SER

Serenic Corporation

June 24, 2010 11:00 ET

Mercy Corps Selects Serenic's Nonprofit Software

EDMONTON, ALBERTA--(Marketwire - June 24, 2010) - Serenic Corporation (TSX VENTURE:SER), ("Serenic" or the "Corporation"), a leading publisher of financial management and business operations software for nonprofits, international non-governmental organizations (NGOs) and the public sector, announced today that Serenic Navigator nonprofit accounting software has been chosen by Mercy Corps.

Portland-based Mercy Corps exists to alleviate suffering, poverty and oppression by helping people build secure, productive and just communities. The organization's team of 3,700 professionals helps turn crises into opportunities for millions of people in 40 countries. Programs ranging from hunger and disaster relief to climate change and education support its work to improve people's lives around the world.

Mercy Corps wanted to replace its previous system to more efficiently manage its global financial operations. It sought a nonprofit software solution to enable real-time data synchronization with its sites in remote areas of the globe, where multi-currency transactions are made and connectivity challenges are common.

After reviewing nonprofit software options, Mercy Corps recently chose Serenic Navigator – certified for Microsoft Dynamics NAV, with Serenic's AwardVision software for grant management. Serenic is installing Navigator at Mercy Corps' U.S. headquarters, with plans to roll out across its international field offices. The organization also plans to use Jet Reports and Data Replicator software to enable timely, accurate reporting from financial databases in multiple countries. 

"Mercy Corps is looking forward to the functionality Navigator delivers, especially reporting real-time financial data," said Mercy Corps CFO Steve Mitchell. "Closer connections to our field offices map to our goals for improved fiscal accountability and oversight. Some of our sites are in the most remote areas of the world, so it's important to have a system built to accurately manage expenses across geographies."

A total of 25 users initially will have access to the fully integrated Serenic Navigator product suite, which provides fund accounting and advanced budgeting capabilities, and allows the organization to combine financials and grant management. Mercy Corps plans to provide access to 75 or more users over time.

"Serenic offers nonprofit organizations like Mercy Corps real-time access to financial data that improves business processes," said Serenic CEO and President Randy Keith. "We appreciate that Mercy Corps chose Navigator because of Serenic's expertise in not-for-profit accounting combined with the cutting-edge technology offered in the Microsoft Dynamics NAV platform."

Find more information about Mercy Corps and its programs at www.mercycorps.org.

About Serenic Corporation

Serenic Corporation is an industry-leading publisher of mission-critical software products that satisfy the unique and sophisticated functionality requirements of nonprofit organizations, educational institutions, and government agencies. Serenic delivers highly scalable software solutions which serve the needs of an international clientele, regardless of their size. Our multi-language and multi-currency capabilities allow us to meet the sometimes unique requirements for accounting and operational systems that must be implemented in multiple locations throughout the world.

Built on Microsoft Dynamics NAV, Serenic's products deliver fully integrated solutions that can, in many organizations, eliminate the need for multiple third-party business applications. A Microsoft Gold Certified Industry Solutions Vendor, the Corporation's products include the highly acclaimed Serenic Navigator, Serenic DonorVision, Serenic AwardVision, Serenic CommunityCare and Serenic MinistryView. In addition, the Corporation is the exclusive developer of the human resources and payroll products for Microsoft Dynamics NAV users in North America.

Serenic was named the 2009 Microsoft Dynamics Outstanding ISV of the Year for the United States and earned membership in the 2009 Microsoft Dynamics Inner Circle and the Microsoft Dynamics President's Club, both prestigious achievements that acknowledge Serenic as a top performer within the Microsoft partner community.

Serenic Corporation is a public company with offices in Edmonton, Alberta and Lakewood, Colo. It trades under the symbol "SER" on the TSX Venture Exchange in Canada. Additional information about the Company is available at www.serenic.com.

Company and product names mentioned herein may be trademarks and/or registered trademarks of their respective owners.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

Contact Information

  • ON BEHALF OF THE BOARD OF DIRECTORS
    By Randy Keith
    President and CEO, Serenic Corporation
    (303) 980-6007
    or
    EDITORIAL CONTACTS:
    Linda Nicholson
    Vice President of Marketing, Serenic Corporation
    (877) 737-3642, Ext. 105
    lnicholson@serenic.com
    www.serenic.com