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Performance Analytics Corporation announces strategic business partnership with The Createch Group

Alliance enables a combined team to offer services to chief financial officers looking to transform the finance function of their companies.

Toronto, Canada – July 28, 2008 – Performance Analytics Corporation, a company focused on the field of Performance Management, recently announced the signing of an alliance with The Createch Group, a Canadian leader in the implementation of technological solutions and the optimization of operational processes.  This partnership is well positioned to offer Chief Financial Officers leading edge tools they can use for budgeting, financial planning, consolidating financial statements and operating reports.

“Finance departments are constantly under pressure to deliver financial information that not only complies with regulations but is also relevant for helping management make enlightened major business decisions,’’ underlines Performance Analytics President Peter Digby.  “It is becoming increasingly painstaking to collect and verify data while meeting the management and consolidation requirements.  This will be even more pronounced when preparing for the new IFRS standards.  Thanks to our solutions, chief financial officers can easily access all the required information in a very short period of time.’’

He concludes that: “A partnership with The Createch Group was the obvious way to proceed.  We are the leaders in providing solutions for Chief Financial Officers and they are a leader in implementing SAP solutions.  This gives clients the benefits of a total solution customized to their needs and in line with their transformation strategy for their company’s finance function.’’

‘’Regardless of the management system in place, Chief Financial Officers are often obliged to use spreadsheets or other tools to analyze activities and simulate financial scenarios,’’ points out Didier Van Den Berghe, Vice-President, Service Sales with The Createch Group’s SAP Business Unit.  “The SAP Business Planning and Consolidation solution, in conjunction with the services provided by Performance Analytics, is now able to counter these shortcomings.’’

About Performance Analytics Corporation

Performance Analytics Corporation (PAC) delivers solutions in the Corporate Performance Management marketplace, supporting the Office of the CFO.  Our product portfolio provides industry leading solutions for strategy management, performance management, profitability management, and business intelligence.  We support our customers with leading edge technology, and the best consulting resources in the business.  For more information, please visit www.performanceanalytics.ca. 

About The Createch Group

The Createch Group is a Canadian leader in operational process optimization and technological solutions integration.  Since 1993, the consulting firm offers services in manufacturing and logistics performance improvement, process reengineering, change management and ERP solutions implementation.  The company integrates proven solutions and applies leading business practices.  To date, The Createch Group has carried out more than 2,000 projects and helped over 1,000 companies improve their processes and boost their profitability.  For more information, please visit www.thecreatechgroup.com.

About SAP Business Planning and Consolidation

SAP Business Planning and Consolidation is the leading software solution supporting the Office of the CFO in areas such as budgeting, planning, financial consolidation and reporting.  Utilizing the interface most familiar to business users, Microsoft Excel, the learning curve is dramatically reduced, and user acceptance is maximized.  A truly unified application platform allows development of budgets in the same database as actuals, eliminating the need to synchronize data and improving data integrity.  With the underlying Microsoft SQL Server database platform, SAP Business Planning and Consolidation is well received within most IT departments, as it delivers a robust and secure data management facility.

Media Contacts:

Peter Digby                                                            Sébastien Gauthier

President                                                               Senior Communication Prime

Performance Analytics Corporation                           The Createch Group

905-887-2112                                                          514 937-1188 ext 629

peter.digby@performanceanalytics.ca                       sebastien.gauthier@thecreatechgroup.com

www.performanceanalytics.ca                                   www.thecreatechgroup.com