NEW YORK, May 6 /PRNewswire/ -- Pinnacle Technology Partners, Inc., a leading international business and financial consulting services organization, announced it has formed a partnership with UpStream Software Corp. UpStream Software is a leader in the field of financial data collection and has developed a proven data transformation management system unique to the ETL industry.

Pinnacle expects this partnership will provide the ultimate solution to the problem of financial data collection integrity for its Fortune 500 clients using Hyperion Solution's products. According to Andrew Jorgensen, President of Pinnacle Technology, the partnership takes on more significance in light of the national attention placed on compliance with the Sarbanes-Oxley Act of 2002. Companies are increasingly turning to solution providers like Pinnacle for the latest financial software technology to keep in compliance with the detailed financial disclosure and resulting corporate accountability mandated by the Act.

"Our clients take Sarbanes-Oxley very seriously and data quality is an important part of compliance," Jorgensen said.

"UpStream's WebLink software gives our customers the confidence to personally guarantee their financial statements. UpStream's powerful yet easy- to-use solution, combined with Pinnacle's reputation for delivering solutions on time and under budget, helps assure our clients that they will have a cost- effective financial/management tool with state-of-the-art accuracy and an audit trail second to none."

Pinnacle plans to use WebLink as part of its overall business and system analysis solution for those clients that incorporate Hyperion financial applications at multiple locations and/or use multiple financial systems. With UpStream's proven data transformation management system in place, Pinnacle customers can quickly, accurately and efficiently collect, transfer and load data into their consolidation, reporting and analytical systems while maintaining a hard audit trail and 100% visibility to the process.

"We depend upon the expertise of consultants like Pinnacle to assist our customers in successfully defining the best data integration solutions for current Hyperion customers and new implementations," said Craig Colby, UpStream's Vice President of Marketing. "Pinnacle's experience and leadership will help customers achieve data integrity that is so critical in today's financial reporting environment."

According to Jorgensen, Pinnacle and UpStream bring together the right set of tools and best practices to drastically reduce time, errors and costs associated with the financial closing process. The results are a more transparent and auditable picture of company performance, and the savings of time and money offer a significant return on investment.

About UpStream Software Corp