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Serenic announces Serenic Navigator V5.0
Oct 02, 2007 (10:10 AM EDT)


EDMONTON, Oct. 2 /PRNewswire-FirstCall/ - Serenic Corporation , a leading publisher of financial management and business operations software for nonprofit organizations and government agencies, announced today that it has released Version 5.0 of Serenic Navigator.

Navigator, powered by Microsoft Dynamics NAV, is Serenic's flagship product. It combines robust core financial functionality and a full suite of integrated industry-specific ERP applications, such as the new Serenic AwardVision, with sophisticated Microsoft technology.

The most significant new feature of Version 5.0 is the re-innovation of the existing Grant Management application into Serenic AwardVision, a tracking and monitoring system that allows users to efficiently manage the entire lifecycle of a grant.

AwardVision delivers the functionality needed by large, multinational organizations that receive federal and/or private funding to perform programs and services in many different countries and currencies. AwardVision brings together both the structured and unstructured data for an award into a single application. This data integration lets users easily view complex financial information, such as total estimated award amount, sub-awards, actual expenditures, indirect costs, and amount invoiced. In addition, compliance and monitoring information, such as award terms and conditions, milestone activities, and funding restrictions, is easily monitored with AwardVision.

Other new features of this major release include: - Tighter integration with Microsoft products through Outlook synchronization and the use of Word and Excel stylesheets; - New payroll functionality, including a "create employee wizard," error trapping in the calculation process, and new journal displays; and - Improved online help, with a link to provide documentation feedback.

"In addition to the major application enhancements of Navigator 5.0, we spent considerable time and effort optimizing the underlying code to increase performance and minimize the amount of locking during certain processes," said Donna Smiley, Serenic's vice president of product management. "Extensive analysis of major ledger tables resulted in the elimination or reorganization of keys in order to gain better performance and reduce overall database size. Initial testing has shown dramatic performance increases, which we believe will greatly strengthen the overall client experience."

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.

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(x), Serenic DonorVision, Serenic MinistryView, Serenic AwardVision, Serenic CommunityCare, and Portals. In addition, the Corporation is the exclusive developer of the human resources and payroll products for Microsoft Dynamics NAV users in North America.

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

Editor's Notes: Serenic Corporation was named the 2007 Microsoft Dynamics ISV of the Year. Serenic Corporation was named a member of the Microsoft Dynamics Inner Circle and President's Club for 2007. (x)Serenic Navigator has achieved a 5-star rating from CPA Technology Advisor for six straight years (2001 - 2006) and the product was selected in December 2006 by Accounting Today as one of the industry's Top 100 Products for the third straight year. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release. 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

CONTACT: EDITORIAL CONTACT: Peter Masi, pmasi@serenic.com, (877) 737-3642,Ext. 119