Pre-integrated software solution leverages Microsoft platform to help companies running Clarus Financials improve company performance

Dallas, Texas - June 19, 2004 - BizNet Software® Inc., a leader in combining accounting and technology expertise to help companies improve financial reporting and processes, today announced the release of BizNet Insight for Clarus, the first packaged Business Performance Management (BPM) solution for the mid-market.  This solution is the first in BizNet's series of packaged BPM solutions for the mid-market.

BizNet Insight for Clarus is the only BPM solution that is pre-integrated with the Clarus Financials system.  This new packaged solution is the easiest, fastest and most economical way for companies running the Clarus system to implement a BPM solution.  Built on the Microsoft platform, BizNet Insight for Clarus enables companies to better leverage their existing Clarus system to turn strategies into plans, measure execution on an ongoing basis and deliver insight to manage and improve financial and operational performance.  In addition, the solution's open and extensible architecture creates a flexible business environment to support ongoing organizational and operational changes.

"In today's corporate environment, mid-market executives need a targeted solution to face a unique set of challenges surrounding BPM," said BizNet Software CEO and President George McMann.  "By pre-integrating with the Clarus system, BizNet Insight for Clarus dramatically lowers the costs and risks associated with implementing new software solutions.  Reports are accurate, interactive, and up-to-date, improving the ability of decision makers to understand and manage the business."

The software is a fully integrated Web-based portal solution that provides financial and accounting professionals with one, easy-to-use location for collecting, reporting, distributing and analyzing financial information to improve overall business performance.

"Package BPM solutions deliver numerous advantages to the financial professional.  They lower total cost of ownership and implementation timeframes, reduce the learning curve of employees, and help companies take better advantage of existing skill sets," said Mr. McMann.  "The pre-built reports within BizNet Insight for Clarus ensure data ties to the General Ledger, and the extensible architecture allows companies to customize the solution as their needs dictate."

The BPM applications within BizNet Insight for Clarus provide a comprehensive support system for the entire management cycle, delivering internal controls, budgeting, planning, forecasting, financial consolidation and reporting, powerful analytics, and score-carding.  BizNet Insight for Clarus takes full advantage of the Web for interactive collaboration and anytime, anywhere access.

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About BizNet Software, Inc.
BizNet Software®, Inc., based in Irving, Texas, is a provider of Business Performance Management (BPM) solutions to mid-market companies.  Based upon fundamental accounting disciplines and controls, the firm's approach is designed to leverage a company's existing investment in financial software and desktop solutions.  Its flagship product, BizNet Insight, provides financial and accounting professionals with one easy to use location for collecting, reporting, distributing and analyzing information to improve overall business performance.  BizNet's fully integrated line of BPM applications, built on the Microsoft platform for business reporting and analysis, includes financial portal, financial reporting, budgeting and planning, business intelligence and score-carding.

CONTACT:

Kenneth Kracmer
Michael & Partners
kkracmer@michaelpartners.com
972.716.0500 x15

Ben McMann
BizNet Software
bmcmann@biznetsoftware.com
972.893.0000 x101