CorVu Announces CorStrategy.Finance: Budgeting and Financial Consolidation Software Empowers Organizations to Link Budgeting With Strategy

MINNEAPOLIS, MN, April 29, 2003 -- CorVu(R) Corporation (OTC Bulletin Board: CRVU), a leading provider of enterprise performance management solutions, today announced the release of CorStrategy.Finance. Bringing a comprehensive budgeting and financial consolidation application to the CorStrategy(TM) suite, CorStrategy.Finance simplifies financial reporting and aligns the budgeting process to strategic planning through it's integration to CorVu's Balanced Scorecard. Streamlining these processes, management is empowered to focus on execution and the organization is enabled to be more flexible using continuous planning.

"Our five years of research has shown that senior financial managers want to dramatically change the budgeting process to achieve higher value and lower costs," notes Steve Player, North American Program Director for the Beyond Budgeting Round Table. "To do this, they need new technology that enables continuous planning and adaptive controls." CorStrategy.Finance responds to these needs.

CorStrategy.Finance supports the Beyond Budgeting rolling forecast methodology, and it provides a comprehensive financial management solution to support any business model. Seamlessly integrated with CorStrategy.Scorecard, CorStrategy.Finance encourages the alignment of the budgeting process with strategy, driving performance improvement throughout the organization. CorStrategy delivers a comprehensive, integrated enterprise performance management suite, which clearly communicates corporate objectives and establishes accountability while enabling managers to proactively monitor initiatives and performance against company targets and relative measures.

"CorStrategy.Finance empowers budget managers at all levels of the organization to analyze, collaborate, reforecast, and reprioritize. By integrating the budgeting component into CorStrategy, our customers are empowered to reach greater levels of performance and efficiency," commented Justin MacIntosh, president and CEO, CorVu. "This application is unique as it completely integrates and aligns the budgeting process with strategy, risk management, corporate governance and organizational scorecards. This exciting release takes CorVu and its customers to another level in the quest for performance excellence."

Designed for easy use with minimal training, CorStrategy.Finance makes it easy to provide custom and secure control of budgets and scorecards in a 100% web-based environment. CorStrategy.Finance offers pre-defined reports and analyses to review projected performance or comparison to actuals. The ability to export to general ledger accounting systems minimizes data entry errors and eliminates complex macros, and leverages legacy system data. This solution can be quickly distributed across the entire organization and offers a low total cost of ownership.

To learn more about how CorStrategy.Finance can automate and strategically align your organization's budgeting and financial reporting process, email, visit or call 800.610.0769.

About CorVu Corporation

CorVu Corporation is a global provider of enterprise performance management solutions, offering information analysis capabilities that empower our customers to achieve strategic objectives and improve performance. Offering comprehensive business intelligence, balanced scorecard, risk performance management, corporate governance, and budgeting solutions, CorVu has over 4,000 customers, including leading suppliers in aerospace, banking, financial services, healthcare, hospitality, insurance, manufacturing, mining, the public sector, telecommunications, and transportation. For more information, please visit or call 800.610.0769.

SOURCE CorVu Corporation

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