Platform

Pleasanton, CA – July 29, 2015 – Certent, a leading provider of software as a service (SaaS) solutions for equity compensation management, financial reporting for ASC718, and regulatory disclosures with the SEC, announces a strategic partnership with Vena Solutions, a leader in cloud-based Corporate Performance Management (CPM). Vena’s approach to CPM turns Microsoft® Excel® into an enterprise-class business solution with a centralized database, workflow and business rules. As a result, finance leaders can trust the security, accuracy and integrity of their numbers, while benefiting from the flexibility and unmatched computing power of Excel. Certent’s Disclosure Management platform accesses the financial performance data within Vena and allows users to link this data across Microsoft products, updating tables and content from spreadsheets directly into regulatory documents in Microsoft Word and management and board reports in Microsoft PowerPoint. By connecting the reporting process from one step to the next, companies increase efficiency and maintain one version of the truth. Once the data is in the Disclosure Management platform, teams can collaboratively edit, comment on, and review financial disclosures simultaneously – including XBRL tagging. The platform also enables the reporting team to easily generate, present, and exchange data both internally and externally. Users can prepare SEC-compliant submissions, XBRL, and EDGARized HTML based upon a single source document and file directly with the SEC. “The Vena/Certent partnership came about because both companies share the perspective of allowing users to leverage advanced technology in the environment they prefer to work in, Microsoft Excel,” said John Neider, Director of Partnerships and Alliances for Certent. “Trusted, up to date numbers are the cornerstone of effective financial management, nowhere more so than in regulatory reporting and compliance,” said Don Mal, CEO of Vena Solutions. “With Certent, our customers can maintain that trust in the numbers from the earliest planning stages right through to regulatory filings, all within the familiar environment of Excel. And that translates into smarter decisions and more informed stakeholders.” ABOUT CERTENT Certent makes it easier for companies to meet their financial compliance requirements. Certent’s user-friendly, web-based technology streamlines equity plan management, financial reporting for ASC718, and financial filings (in XBRL and HTML) with the U.S. SEC. With technology based on in-depth accounting expertise, an open ecosystem of industry partners, and an expert services organization focused on customer success, Certent has helped more than 1,300 companies worldwide innovate their financial compliance processes. ABOUT VENA SOLUTIONS Vena Solutions has redefined how companies automate their most mission-critical finance, accounting and business processes. Our platform embraces the best of Microsoft® Excel®, extending and evolving its capabilities to create a next-generation enterprise solution that is powerful, yet intuitive. Vena is a first-to-market solution that offers the most comprehensive suite of cloud-based corporate performance management (CPM) capabilities with a quick deployment methodology – all without compromising what you love best about Excel. For more information please visit www.venasolutions.com.

Unique solution streamlines CCAR and DFAST submissions TORONTO, Canada, June 15, 2015 – Vena Solutions, the fastest growing provider of Dodd-Frank Act Stress Tests (DFAST) and Comprehensive Capital Analysis and Review (CCAR) software, announced today that multiple US and global banks have deployed its CCAR / DFAST solution to improve the efficiency and accuracy of CCAR and DFAST submissions. Vena is now involved in CCAR / DFAST submissions at banks whose total combined assets exceed $1.3 trillion dollars. CCAR and DFAST are annual mandated exercises that help the Federal Reserve assess whether bank holding companies operating in the United States have sufficient capital to continue operations in times of economic and financial stress. Vena’s CCAR / DFAST solution combines native Microsoft Excel® with a centralized, in-memory database and powerful workflow management, delivering agility and flexibility and giving users control over the whole process. Vena: Facilitates data collection at a level more granular than FR Y-14A and supports the collection of data at alternate (business/management) views of data. With Vena, data can be collected once and shared across any number of models, as required. Supports XML file creation for FR Y-14A submissions. Validates the FRB’s edit checks catching errors early in the process and ensuring the submission is error-free. Delivers role-based security. Includes a full audit trail. Leverages the Federal Reserve Bank’s (FRB) Micro Data Reference Manual (MDRM) codes. As a result, banks continue to work in a familiar Excel environment while gaining more insight into and control over CCAR and DFAST data collection, data aggregation and filing processes. “Bank executives understand the challenges with CCAR and DFAST compliance and the stress it puts on their organization,” explains Don Mal, CEO of Vena Solutions. “That’s why most are investing in CCAR / DFAST software to ensure the accuracy of their submissions and the efficiency of their processes.” For more information about Vena’s CCAR and DFAST solutions, visit Vena’s website.

Finance departments close, consolidate and report while still using native Excel models, formulas and templates Toronto, Canada, May 28, 2015 –Vena Solutions, the fastest growing cloud-based provider of corporate performance management (CPM) software, is pleased to announce the launch of its new Financial Close Management solution. The new solution leverages native Excel while still handling the complexities of the financial close, the consolidation of financial data and the generation of key financial statements and reports. Vena automates existing close, consolidation and reporting processes and stores them in a centralized database, while using the best-known accounting tool in the world – Microsoft Excel®. Below are just some of the financial processes that Vena automates: Foreign currency translation and related gains and losses The elimination of intercompany balances Accounting for minority (non-controlling) interests Automatic and manual journal entries Mapping of source data to a common, enterprise-wide chart of accounts Auditing of any additions or updates to the data Vena leverages the spreadsheets used in the current financial close management process. Any roll-forward schedule, account reconciliation or supplemental calculations that already exist in Excel spreadsheets can be loaded into Vena and incorporated into the process. “As a CPA and former Chief Financial Officer, I can attest to the value of a world-class financial close management solution,” says Gary Kantz, Vena Solutions’ Director of Close and Consolidate Solutions. “Given the global embrace of Excel, Vena enables users to quickly and easily reduce monthly close cycles from weeks to potentially hours.” Automating these processes frees up accounting staff to perform other, more valuable tasks, such as financial analysis and the creation of more insightful management reports. Accountants will work fewer hours and have a better quality of life; as a result, organizations will experience reduced turnover. Best of all, accountants already know Excel, resulting in minimal training, higher adoption rates and quick implementations. To hear how a customer has benefited from Vena’s financial close solution, watch the following 5 minute video. For more information about Vena Financial Close Management, visit Vena’s website, or register for a demonstration webinar scheduled for Thursday, June 11 at 2pm Eastern time. “We’re not asking people involved in the financial close management process to sacrifice the Excel models, formulas and templates they’ve spent years building,” says Rishi Grover, President, Vena Solutions. “They get to embrace Excel while adding the structure and control they need in an enterprise-class solution.”

Partnership cements commitment to streamlined, low maintenance financial reporting Toronto, Ontario, October 30, 2014 – Today, regulatory bodies are placing as much scrutiny on the process of data collection and financial reporting as they do on the results. However, while the need for transparent communication and accurate data are more critical than ever, companies are still struggling to produce reports without experiencing a significant organizational burden. Vena Solutions, an industry recognized provider of cloud-based corporate performance management (CPM) software, is pleased to announce its partnership with Rivet Software, an industry leader in disclosure management that simplifies financial reporting by improving data security and process transparency. Together, the two companies provide an end-to-end solution that streamlines and mitigates the risks inherent in the financial reporting process. “Rivet and Vena are both deeply invested in making financial reporting as easy and stress-free as possible,” explains Don Mal, CEO of Vena Solutions. “Our shared mission is to automate data collection, distribution, consolidation and validation so that companies can easily and confidently report to the SEC and other regulatory bodies without significantly disrupting their regular business cycles.” “The Rivet-Vena solution eliminates the need for report contributors, approvers or reviewers to copy and paste or export data between applications,” notes TJ Tanberg, Vice-President of Sales for Rivet. “This allows organizations to create reports in a fraction of time, and drastically reduces the possibility of user errors.” The joint approach to reporting will enable both internal and external reporting groups to efficiently collect and consolidate data using Vena. The data will automatically be fed into Rivet’s “Crossfire” application, which will allow reporting teams to use Microsoft® Word® to automate the roll-forward process for disclosure documents. XBRL and EDGAR HTML packages can be created and filed directly from within Crossfire. Both solutions leverage native Microsoft Excel® as the user interface, feature a central, secure database, and enable reporting in any language (HTML, XBRL, etc.). ABOUT VENA SOLUTIONS: Vena Solutions has redefined how companies automate their most mission-critical finance, accounting and business processes. Our platform embraces the best of Microsoft Excel, extending and evolving its capabilities to create a next-generation enterprise solution that is powerful yet intuitive. Vena is a first-to-market solution that offers the most comprehensive suite of cloud-based corporate performance management (CPM) capabilities with a quick deployment methodology – all without compromising what you love best about Excel. For more information, visit venasolutions.com. ABOUT RIVET: Rivet Software provides financial reporting systems that improve the way companies create and consume financial information. Founded in 2003 by software and accounting industry veterans, Rivet’s mission remains to revolutionize global financial communications by enabling financial transparency and leveraging global standards. Headquartered in Denver, CO, the firm employs the most experienced XBRL and financial reporting staff in the industry. Rivet was recently acquired by Equity Administration Solutions, Inc., a market leader in stock administration and FAS123R/ASC718 and SEC compliance reporting solutions. Visit the website at www.rivetsoftware.com.