Are saves from FF7 for PC (1998) compatible with FF7 on Steam (2013)?

Having played Final Fantasy 7 on PC years ago, I have an old save I want to continue. Is it possibly to transfer my save files from that version to the Steam one? Is it compatible?

Different versions of the game are not, but can be made compatible (with help from a program)

I found a program, Black Chocobo, that allows to make the files compatible between many different versions including the steam version, old PC version, PlayStation save version, etc.

The program advertises compatibility between different formats and with the time I've done checking it out. It can save to save files for multiple consoles in multiple formats.