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News
For immediate release: Feb 24th, 2004
Upside Software Announces Integrated Microsoft Office Client
UpsideContract-Office provides deep integration with the Microsoft Office 2003® or higher (including Office 2007®) Editions to streamline document creation and management
EDMONTON, ALBERTA, CANADA—Upside Software Inc., an integrated enterprise contract management software provider, announced today the release of UpsideContract-Office which provides deep integration of UpsideContract and the Microsoft® Office 2003® or higher (including Office 2007®).
Contract Management is continuing to become an area of significant focus for many organizations, but establishing a new tool to build, share and manage contract documents continues to be a challenge. UpsideContract-Office addresses this challenge by allowing organizations to leverage their investment in the Microsoft Office 2003® or higher (including Office 2007®). Businesses can continue to create, share, review, edit and manage their contract documents within Microsoft Office Word 2003 and to manage their events and activities within Microsoft Office Outlook 2003. UpsideContract-Office users also have access to the full Web-based functionality of UpsideContract including performance, compliance and risk management and workflow right from within Word 2003.
“UpsideContract-Office is a great example of how our partners can extend the value of the Microsoft Office 2003 ® or higher (including Office 2007®) Editions by building on top of it to create new solutions for their customers,” said Dan Leach, Group Product Manager for the Information Worker Product Management Group at Microsoft Corp. “Using Microsoft Office as a smart client for supply chain management data allows companies to increase productivity by referencing the latest contract information quickly and collaborating more effectively on contract creation and editing.”
“UpsideContract-Office provides Microsoft Office 2003® or higher (including Office 2007®)users with a seamless transition of their contract management processes to UpsideContract” said Ashif Mawji, Upside Software Inc. CEO. He added, “UpsideContract-Office is the latest demonstration of our commitment to deliver on our customers’ requests and to maintain market leadership.”
Upside Software is a leader in the rapidly increasing market for contract management solutions, estimated by many analysts to exceed $5B USD by 2007.
According to Aberdeen Group’s Tim Minahan, Aberdeen estimates that ineffective control and management of supplier contracts cost businesses $153 billion per year in missed savings opportunities, and another leading analyst, Gartner Group, predicts that by year end 2008, in 80 percent of enterprises, the cost of contract management will have doubled from the 2002 costs of 2 percent to 4 percent of SGA. As organizations recognize the ease of deployment and use, and the incredible return on investment (ROI) possibilities of contract management software, the popularity of these solutions will continue to accelerate.
About Upside Software Inc.
Upside Software provides the leading Contract Management Software solution in the market – UpsideContract – as well as other integrated business solutions to handle Sourcing & Procurement, Invoice and Billing Management, and Project & Resource Management. Upside Software’s products address the needs of Enterprise (e.g. Fortune 500, Global 2000), Public sector (Federal, State/Provincial, Municipal and Health Care) and Small and Medium Enterprise (SME) sector customers. Upside Software’s customers realize significant cost savings and improve customer and supplier relationships. The company’s solutions are delivered to customers in as little as 3 days and provide a full return-on-investment (ROI) in much less than one year. Upside Software is a profitable, growing company with a very advanced, yet mature, and comprehensive product suite. The company has extensive experience delivering real value to customers of every size and in most industry verticals. For more information about Upside Software and its suite of business solutions, visit the company’s Web site at or one of its product sites: http://www.upsidecontract.com/, http://www.upsidecontractlite.com/, http://www.upsiderfx.com/, http://www.upsidebilling.com/.
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