Osaba Expands Roll out of Balance Sheet Account Reconciliation Software at Dana Corporation

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Osaba today announced the further expansion of the global rollout of OsabaÂ?s GL Compliance Manager, balance sheet account reconciliation and control software at Dana Corporation (NYSE: DCN). Dana plans to utilize OsabaÂ?s GL Compliance Manager in over two hundred locations.

Osaba today announced the further expansion of the global rollout of Osaba’s GL Compliance Manager, balance sheet account reconciliation and control software at Dana Corporation (NYSE: DCN). Dana plans to utilize Osaba’s GL Compliance Manager in over two hundred locations.

Pete Haff, Director, Internal Control Compliance of Dana Corporation, said “Osaba’s GL Compliance Manager provides us support in reconciling our balance sheet accounts more efficiently. We are better able to standardize and view how our reconciliations are being completed in each of our global locations.”

Therese Tucker, Chief Executive Officer of Osaba, Inc., said “We are very pleased with the rollout of GL Compliance Manager at Dana Corporation to date. A major update of GL Compliance Manager has resulted in complete internationalization of the application and enhanced controls to meet the global demands of Fortune 2000 organizations. We are looking forward to enabling these organizations to better measure their financial results.”

GL Compliance Manager is the first software solution that standardizes and controls the balance sheet account reconciliation process.

About Osaba, Inc.

Osaba, Inc. is an experienced provider of software solutions which utilize the latest Microsoft .NET technology. Osaba’s solutions deliver unsurpassed reliability and performance to corporations and financial institutions. Osaba, Inc. was founded by ex-SunGard professionals in 2001 with career experience in enterprise treasury, trading, portfolio management, tax, and financial planning systems. For more information about Osaba, Inc. please visit http://www.osabainc.com.

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Mario Spanicciati