Cano Petroleum Selects OPTIMIZE FinanceOne for Finance and Controlling from Optimal Solutions

    Orlando, Fla – SAPPHIRE 2009 – May 12, 2009– Optimal Solutions Integration, Inc., an SAP ® channel partner authorized to resell the SAP Business All-in-One solution to midsize companies in North America, and a leading consulting and staffing firm that has achieved premier-level status in the SAP Consulting Partner Program in North America, today announced that Cano Petroleum, Inc. (AMEX:CFW), an independent Texas-based energy producer with properties throughout the mid-continent region of the United States , will implement Optimal’s Optimize FinanceOne for Finance and Controlling solution.

Optimize FinanceOne, based on the proven SAP ERP application, is a qualified SAP Business All-in-One partner solution for midsize companies that provides built-in, preconfigured financial planning, reporting and governance capabilities.

“Today’s fast-paced, highly competitive energy industry demands fiscal prudence as well as the ability to quickly and intelligently develop and execute sound business strategies based on accurate information. There is little room for error and no room for inefficiency in our business,” said Jeff Johnson, chairman and CEO of Cano Petroleum, Inc. “Optimize FinanceOne will help ensure Cano Petroleum delivers maximum shareholder value during today’s tough economy by providing the real-time financial reporting needed to eliminate waste and identify profitable areas of business. Because the solution easily scales, FinanceOne also will be instrumental in facilitating Cano Petroleum’s future growth.”

“Optimize FinanceOne is a fully integrated, fixed-cost, low-risk solution that provides enterprise-wide visibility and financial reporting that mitigates the risk of restatements, improves budget cycle times, aligns resources and execution with the strategic goals of the organization, and provides C-level execs with an accurate view of the drivers impacting cost and profitability throughout their organization,” said Elliott Garofalo, senior vice president, SME practice, for Optimal Solutions Integration, Inc. “We are very pleased to be working with Cano Petroleum, and we look forward to helping other midsize companies benefit from the streamlined, fully integrated internal and external accounting and financial reporting capabilities of FinanceOne.”

Optimize FinanceOne includes preconfigured, prepackaged software functionality from the SAP ERP Financials solution, including SAP General Ledger and SAP Financial Supply Chain Management (SAP FSCM), as well as SAP solutions for governance, risk, and compliance (SAP solutions for GRC) . Optimal markets Optimize FinanceOne to mid-market companies throughout North America and delivers FinanceOne as an on-demand or on-premise solution, depending on the unique needs of the customer.

SAP Business All-in-One partner solutions are qualified by SAP and developed, sold and supported by SAP channel partners as a defined-scope implementation with consulting services, and offer the flexibility to accommodate the unique business needs of each customer. Qualified SAP Business All-in-One partner solutions are preconfigured,

industry-specific versions of the SAP ERP application combined with SAP Best Practices offerings, enabling streamlined operations, lower costs and a proven path to growth.

“Midsize companies immediately realize value from SAP Business All-in-One solutions that can be rapidly deployed leveraging proven industry best practices through our qualified partner solutions,” said Glenn Wada, senior vice president and general manager of SAP America, Inc. “ We are pleased that Cano Petroleum has selected Optimize FinanceOne from Optimal Solutions. Cano Petroleum will benefit from Optimal’s industry-specific consulting services, as well as from the scalability, flexibility and extensibility of SAP solutions.”

“ Many small and midsize companies are hamstrung by outdated, non-integrated legacy systems for managing their financials. These disparate, piecemeal systems impede visibility, perpetuate inefficiencies, increase exposure to risk and limit flexibility and growth,” said Sam Sliman, president for Optimal Solutions. “Optimize FinanceOne is a fully integrated turnkey solution that is rapidly deployed – either on-demand or on-premise – with minimal disruption to operations. We are delighted to add Cano Petroleum to Optimal’s growing roster of global clients, and we are confident that Optimize FinanceOne will help Cano Petroleum achieve its aggressive growth goals.”

About Cano Petroleum, Inc.

Cano Petroleum, Inc. is an independent Texas-based energy producer with properties in the mid-continent region of the United States. Led by an experienced management team, Cano’s primary focus is on increasing domestic production from proven fields using enhanced recovery methods. Cano trades on the American Stock Exchange under the ticker symbol CFW. Additional information is available at www.canopetro.com.

About Optimal Solutions Integration, Inc.

Optimal Solutions Integration is a new breed of consulting and staffing firm dedicated to bringing the real-time enterprise to life through the implementation of SAP solutions. Optimal provides a comprehensive offering of solutions and services, a proven methodology based on SAP technology, deep expertise, and a flexible on-demand onsite/offshore delivery model that accommodates the reality of business today. Optimal specializes in helping companies maximize ROI on their investments in SAP applications by planning, deploying and maintaining world-class solutions in a time frame they require - and at a cost they demand.  For more information about Optimal Solutions Integration, visit www.optimalsol.com.

 

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