News about Pyramus Consulting

News

Solution enables engagement delivery and project management for IFRS conversion initiatives

Princeton, New Jersey – July 14, 2008

Pyramus Consulting, a leading project management consultancy, today announced the release of

IFRS On Demand, the industry’s first on demand solution to enable engagement delivery and

project management for IFRS conversion initiatives. The solution is designed to meet a growing

demand from global companies transitioning from General Accepted Accounting Principles

(GAAP) to International Financial Reporting Standards (IFRS).

IFRS On Demand™ automates the business processes associated with the conversion from

GAAP to IFRS. The solution embeds a structured project management discipline to bring

governance, visibility and control to the IFRS conversion process. Assessments, gaps, schedules

and documents are managed in a Web-based repository to facilitate collaboration in a secure

global environment.

The solution is preconfigured with the Pyramus IFRS conversion methodology or can be easily

adapted to support other IFRS methodologies. This Software-as-a-Service (SaaS) offering is

powered through the Project InVision On Demand platform, from Project InVision International

(PII), a leading on-demand software vendor, to provide the following benefits:

• Immediate Availability – On demand solution can be up-and-running immediately in a

hosted environment without burdening the customer’s IT department.

• Right-sized Subscription Pricing – Software subscription levels can be adjusted to

affordably meet the changing demands of an IFRS engagement portfolio.

“By leveraging the Project InVision On Demand platform we are able to offer an affordable, ondemand

IFRS solution,” said Joshua Blatt, Principal Consultant of Pyramus Consulting. “This

platform allows us to offer our process expertise and methodologies to this emerging market.”

This release represents Project InVision’s continued commitment to offer affordable, on demand

solutions to resolve pressing business issues in emerging market segments.

“The solution combines the IFRS conversion expertise of Pyramus Consulting with the ondemand

capabilities of the Project InVision software solution,” said Matthew Meblin, CEO and cofounder

of Project InVision International. “We look forward to bringing the benefits of this joint, on

demand solution to market."

For additional information visit: www.ifrsondemand.com or call 1-888-325-2093.