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OptionEase, Inc. and Avant Advisory Group Announce Strategic Business Alliance
Los Angeles, California, June 8, 2009 - OptionEase, Inc. (www.OptionEase.com), the leader in on-demand accounting compliance software, and Avant Advisory Group (www.AvantAdvisory.com), a premier management consulting firm with a national practice, have partnered to provide efficiency, additional cost savings, and valuable compliance tools to their clients. The alliance between OptionEase and Avant Advisory provides professional services along with web-based accounting and finance tools to companies that need to maintain and disclose their equity compensation plans as required under FAS123(R) [now ASC Topic 718] financial reporting and compliance requirements. OptionEase is web-based SAS 70 Type II certified application for stock option administration, valuation, and financial reporting that has withstood the rigors of more than 250 successful independent audits.
Avant Advisory Group provides strategic, operational and financial expertise to clients through its CFO, controllership and C-Suite services from its Los Angeles, Newport Beach, and Santa Barbara offices in California. "The goal of the firm's CFO services is to reduce client costs, increase profitability, and improve cash flows, particularly in this difficult recessionary business environment," said Jim Davidson, managing director of Avant Advisory. "The OptionEase application is the highest quality, most comprehensive solution for FAS 123(R) [now ASC Topic 718] accounting, reporting and compliance that we have seen. We are committed to providing the best services and solutions to our clients, and the OptionEase service allows us to do that. Their team is extremely knowledgeable and responsive. We are proud to be in partnership with them and are looking forward to working together."
"We are very excited about this strategic alliance with Avant Advisory. It brings great benefit to our clients as well as our firms," said Kimberly Kovacs, chief executive officer, OptionEase. "We welcome our new relationship with Avant and its clients and growing our installed base."
About OptionEase, Inc.
OptionEase (www.optionease.com) is leading the evolution of SaaS-delivered regulatory applications in the highly complex governance, risk and compliance (GRC) marketplace. The company’s first product was designed specifically for audit compliance under FAS 123(R) (ASC Topic 718) and now encompasses a full suite of end-to-end equity management tools. This SAS 70 Level II certified solution “standardizes compliance” and enables secure collaboration across multiple constituents, allowing clients to focus on strategic business functions. More than 400 private VC-funded and large multi-national public corporations rely on OptionEase's solutions and service to comply with financial and regulatory reporting requirements under FAS, SEC and IASB. OptionEase is located in San Juan Capistrano, Calif. and funded by venture capital and private equity.
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