Software offering provides immediate efficiency gains and strengthens internal controls with minimum change to existing procedures.

Dallas, Texas - December 1, 2004 - BizNet Software® Inc., which combines accounting and technology expertise to help companies improve financial reporting and processes, announces BizNet Insight™ for Compliance, a solution that enables companies to immediately improve Sarbanes-Oxley compliance initiatives with minimum change to their existing procedures.  The product offering was launched at BizNet's "Minimizing the Cost of Compliance" event held last week at Microsoft's offices in Irving, Texas.

BizNet Insight for Compliance enables enterprises to easily port their existing procedures created for first year compliance and implement an ongoing compliance process at a reasonable cost that is sustainable on an ongoing basis.  BizNet Insight for Compliance is an integrated system that supports efficient knowledge management, workflow, control documentation, risk assessment, information sharing and status reporting.  The new solution utilizes familiar Microsoft Office System technologies to increase an organization's productivity and decrease training needs.

"With enterprise compliance costs proving to be much more expensive and resource-intensive than originally thought, executives are eager to sustain compliance in a more efficient and effective manner," said BizNet Software President and CEO George McMann.  "BizNet Insight for Compliance represents the easiest way for enterprises to immediately address the top two control weaknesses identified in a recent Financial Executives International survey - inadequate documentation and poor controls over documents.  Our goal was to deliver a solution that maximized efficiencies with minimal change needed."

Built by accountants, BizNet Insight for Compliance helps accounting and financial professionals improve internal controls, automate current processes, and gain efficiencies in compliance reporting.  By leveraging a user-friendly web-based portal and Microsoft software that most organizations already use, BizNet's Insight for Compliance solution lowers both the cost and training needs associated with SOX compliance, while delivering a fully extensible platform to meet the unique requirements of individual companies and respond to future regulation requirements.

Other speakers at the BizNet/Microsoft event included Bill Sinnett, manager of Research and Corporate Secretary of Financial Executives Research Foundation (FERF), the research affiliate of Financial Executives International (FEI), the leading advocate for the views of corporate financial management; and Tom Upton, Engagement Manager of Microsoft.

About BizNet Software, Inc.
BizNet Software®, Inc., based in Irving, Texas, is a provider of Business Performance Management (BPM) solutions to the mid-market.  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 web-based 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 document and file management,  financial reporting, budgeting and planning, business intelligence, score-carding and compliance management.

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CONTACTS:

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

Ben McMann
BizNet Software
bmcmann@biznetsoftware.com
972.893.0000 x101