Medavie Blue Cross Selects Corporate Renaissance Group to Implement a Corporate–Wide Activity-Based Costing Solution.

March 2, 2009 (Ottawa, Ontario)—Corporate Renaissance Group (CRG) today announced it has been selected by Medavie Blue Cross to implement an Activity-Based Costing (ABC) solution. The project involves the proven costing implementation methodology developed by CRG and its ABC software, FlexABM™.

The project will allow Medavie Blue Cross to further analyze its financial situation by region, product/service and customer and its costs by activities and processes. The application of ABC in Medavie Blue Cross is based on Corporate Renaissance Group’s extensive experience in public sector, financial services and other service-based organizations.

”We chose Corporate Renaissance Group because of its consulting abilities and methodology they presented to us for implementing ABC; they were not just selling software and walking away," said David Hawkes, Director, Financial Services, Medavie Blue Cross. ”We felt CRG would help us get down to the basics and guide us through the entire process so we would get actionable results we require. We wanted a partner that has the methodology, experience and enterprise-class software; CRG delivers on all three.”

Corporate Renaissance Group, an Ottawa-based consulting and software company, is the developer of FlexABM, which is used by companies around the world. "We have the right tools and the right experience to assist clients and create value for them.  FlexABM is a proven, easy-to-use, enterprise-wide ABC solution that identifies the true cost of activities. It provides decision makers with the analytical tools, models, and methodologies to effectively evaluate business processes. With our proven methodology and FlexABM, I am looking forward to working with Medavie Blue Cross,” said Dr. Vijay Jog, President of Corporate Renaissance Group.

About Medavie Blue Cross
Medavie Blue Cross is a recognized health services partner processign $3 billion in claims for individuals, employers and governments across Canada. For 65 years, it has set the standard in health, dental, travel, life and disability benefits. A member of the Canadian Association of Blue Cross Plans, Medavie Blue Cross operates from major offices in Moncton, Dartmouth, Montreal and Toronto.  Medavie Blue Cross is committed to improving lives and supporting healthy outcomes in communities across Canada by providing financial support to these communities.

About CRG
Established in 1989, CRG is a global provider of innovative solutions that drive better business management and performance. With expertise in business management applications, CRG has established itself as a leading provider of solutions that drive operational effectiveness. CRG is headquartered in Ottawa, Canada, with offices in the United States, South Africa and India. For more information about CRG and FlexABM, please visit www.crgroup.com.