Serenic Corporation
TSX VENTURE : SER

Serenic Corporation

December 16, 2010 10:31 ET

New Online Serenic Accounting Software Moves Users to the Cloud

EDMONTON, ALBERTA--(Marketwire - Dec. 16, 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 Online, its new nonprofit accounting software release, is available for a limited number of qualifying customers at no cost for the first subscription year.

Serenic Navigator Online is a streamlined Software as a Service (SaaS) version of Serenic's award-winning Navigator financial management system, built on the Microsoft Dynamics NAV platform. Navigator Online is designed for small- and mid-sized nonprofit and public sector organizations, which are increasingly connecting to the Internet to automate and simplify business processes "in the cloud." It provides the proven functionality and stability of the industry's leading accounting solution, plus all the benefits associated with SaaS offerings, including:

  • Reduced costs
  • Consistent monthly expenses
  • More flexibility
  • Greater resource agility
  • Increased responsiveness
  • Enhanced security

"Navigator Online combines the advantages of Internet services and client and server software to offer new levels of utility, convenience and flexibility," said Serenic CEO and President Randy Keith. "We built this new software with customer growth goals in mind. If you outgrow the functionality found in the new online product, you can easily and cost-effectively transition to the on-premise version of Serenic's Navigator financial management suite."

Navigator Online can be deployed rapidly and accessed easily from a computer with an Internet connection – providing immediate access to financial information. It enables employees to work remotely, which is especially important for organizations with multiple locations and/or a distributed workforce. SaaS relieves the burden of ongoing maintenance and upgrade expenses. IT costs also are reduced, since there is no need to load software on owned servers or for IT personnel to spend time learning and maintaining system performance parameters.

Like the 10-year-old on-premise version, Navigator Online's rich features enable management of all business areas – including purchasing, receiving, grants, inventory and fixed assets, while respecting the unique needs of nonprofits and government agencies, and helping organizations to report fully to boards and donors.

Qualifying customers who want to be among the first organizations to benefit from Serenic's new technology at no cost for the first year can contact Serenic for more information. Availability is limited. (877) 737-3642, Ext. 111.

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 earned membership in the 2010 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.

ON BEHALF OF THE BOARD OF DIRECTORS

By Randy Keith, President and CEO, Serenic Corporation

(303) 980-6007

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

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