Renovofyi Corporation Reports Impressive Growth Figures for 2012

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Accelerated demand for web-based financial report writing solutions significantly grows installed user base, strategic partners and revenue for Renovofyi

We are very pleased with the incredible growth and widespread acceptance of Renovofyi products over the last year.

Renovofyi Corporation today announced momentous growth and acceptance in the marketplace during the year 2012. The company, founded in 2009, designs, sells and supports its 100% web-based solutions for financial reporting and analysis, providing financial intelligence, confidence and control to managers and decision makers.

The product line includes Renovofyi, a financial report writer that offers a streamlined method of designing, generating and distributing financial statements; Currencyfyi, a currency translation solution with currency restatement and consolidation for foreign subsidiaries; Connectfyi, that provides the integration to work with almost any general ledger system, including Sage 100, 300, 500, Elite, Flexi and others; and Cloudfyi, the complete Renovofyi Suite for deployment in the cloud. Renovofyi solutions are sold primarily through the company’s strategic resellers and general ledger systems providers.

“We are very pleased with the incredible growth we have experienced in 2012 and the widespread acceptance of our products in the marketplace, which can directly be attributed to the efforts of our great partners, our seamless transition from FRx which was recently discontinued by Microsoft, and our commitment to superior products, service and support,” said Maureen Okerstrom, President of Renovofyi. “In the past year, we have quadrupled the number of reseller partners that offer our products as go-to solutions for their customers, have doubled the number of general ledger system integrations, greatly increased our user base and significantly grown revenue. We expect to continue this upward trend in 2013 with the release of new products (Cloudfyi)and continuing dedication to real time integration with most general ledger systems. “

Renovofyi Corporation’s solutions, licensed per number and type of user, are utilized by an ever increasing customer base that ranges from small to enterprise businesses across a wide variety of vertical markets to streamline the financial statement process. Financial reports are easy to design, can be packaged and automatically distributed to users, produced on demand or scheduled to be run as often as desired, and are easy to use and accessible from anywhere, anytime via the internet, email or reporting libraries. Users can easily drill-down to access the financial details they need, and the integrated security and environment settings ensure the level of data and reports distributed to users can be controlled and protected, thereby meeting all company and financial regulations.

About Renovofyi
Renovofyi Corporation, recently named by CRN Magazine as a Channel Chief winner, is quickly gaining market share with its next generation financial report writing solutions which are distributed by a network of reseller partners and general ledger providers. The company’s solutions utilize the industry’s latest technologies, are 100% web based, either on premise or in the cloud (SaaS). Renovofyi's solutions include Renovofyi, a financial report writer that offers a streamlined method of designing, generating and distributing financial statements; Currencyfyi, a currency translation solution that offers currency restatement and consolidation for foreign subsidiaries; Connectfyi, that provides the integration to work with any general ledger system; and Cloudfyi is the complete Renovofyi Suite deployed in the cloud. For more information or to see a demo, visit http://www.Renovofyi.com.

Contacts
Sharon Woolley                                                 
Renovofyi Corporation                 
954-530-3580 x 309
press(at)renovofyi(dot)com                            

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Sharon Woolley
Renovofyi
954-530-3580 309
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