Severa Announces New Add-On Features for Its Award-Winning Professional Services Automation Tool

NEW YORK, NY--(Marketwire - October 1, 2009) - Severa Corporation (www.severa.com), a leader in professional services automation and project management tools, today announced a series of new add-on features for its award-winning Severa 3 application -- a SaaS-based online tool for managing sales, customers, projects, work-time and billing for professional services.

Available since April, Severa 3 is used by more than 6,000 business organizations from over 100 countries. The largest users include advertising agencies, IT and business consulting firms, law firms, engineering houses and management consulting firms.

Shared Calendaring

Planning, collaboration and activity management are improved with the use of a common, universal calendar (complete with privacy settings). Team leaders can assign activities, and review upcoming events on an activity sidebar.

Improved Document Management via Upload and Linking

Configured similar to a virtual file box, the improved document management feature allows media and document files to be uploaded and allocated to specific projects. Keyword searches on text-based files can be conducted.

Support for World Currencies

A must for global account management, the multi-currency add-on supports over 160 currencies from around the world. Price lists, products and services are created in multiple currencies, and associated with projects and accounts. Meanwhile, financial reporting and forecasting is completed in the base currency.

Custom Timeline Reports

Graphic display of customized timeline reports details sales activities, revenue, order amounts, billing etc., highly useful in viewing a snapshot of current revenue or billing situation; a popular request from users and a differentiator that separates Severa from competitive products.

"These improvements in file handling, collaboration and calendaring are a direct result of listening foremost to what customers want in a PSA driven project management system," said Ville Kuusela, Severa Chief Operating Officer. "We view these upgrades as an organic, ongoing evolution of improvement; the end goal being to create the best SaaS-based PSA tool. Feature-rich, yes, but not at the expense of usability and simplicity. We believe this showcases how Severa is on track to becoming the most trusted name in professional services automation."

Severa 3 features an intuitive user interface that requires a minimal learning curve. Its revolutionary one-click methodology allows single-click access to the most commonly used functions such as adding customers, entering work hours or running reports. This saves a lot of time since now employees can perform their daily routines with ease.

Since its inception, Severa has offered first user licenses free of charge. Discounts are available via volume licensing and prepay options. For more information visit www.severa.com.

About Severa

Severa Corporation is a leading provider of SaaS-based professional services automation designed to take the pain out of project management for small- to medium-sized businesses. Severa 3 is offered as an online application for verticals such as advertising agencies, IT, consulting, law firms, engineering houses and architecture firms. Severa enables its customers to manage customers, projects, work time and billing more easily and efficiently with one system. Severa's transparency into project data helps communicate business objectives, optimize resource allocation and reduce revenue leakage. Severa has received the Red Herring Global 2008 Winner Award. For more information on Severa Corporation visit www.severa.com.

All trademarks contained within this press release are the sole property of their respective owners and are hereby acknowledged.

Contact Information: Severa Press Contacts: USA: Victor Cruz President MediaPR vcruz@mediapr.net Tel: +1 (401) 349-3369 Finland: Karoliina Caforio Communications Manager Severa pr@severa.com +358 45 127 5352