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Press Releases |
Fortune 20 company snags web-based Contract Management software
UpsideContract selected by Hewlett-Packard Company
EDMONTON, ALBERTA, CANADA—Upside Software Inc. and Hewlett-Packard Company have concluded a Corporate Licensing agreement for worldwide acquisition of UpsideContract for HP’s internal use.
UpsideContract (an enterprise contract management solution) streamlines the contract management process, beginning with the issuing of RFX (e.g. RFP – Request For Proposals), contract creation, negotiation and awarding through to on-going monitoring and performance tracking as well as contract renewals and amendments. The software can help organizations streamline their operations and reduce related expenses by up to 80%. The demand for contract management software is growing steadily. According to Goldman Sachs, the market for contract management software sales will hit $3.1 billion US by 2005. As organizations begin to understand the incredible opportunities for return on investment (ROI) through contract management software implementations, the popularity of this type of software will increase even more.
“The selection of Upside Software’s Contract Management module by HP is a great win for us” said Upside Software CEO, Ashif Mawji. Mr. Mawji went on to say, “HP is a great organization to work with: they have a solid vision, are innovative and forward thinking and are determined to be as efficient as possible”.
UpsideContract runs on the Microsoft platform and handles large volume transactions in an efficient manner. The product integrates to company Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) systems to allow for cross-organizational leveraging. UpsideContract is completely web-enabled with no plug-ins or downloadable applets and is truly a zero footprint solution that can be used by companies to manage the entire contract process. The solution allows companies to interact with their suppliers, customers and lawyers and offers functionality to handle on-line negotiation, performance tracking, template creation/management, payment processing and much more. UpsideContract handles multiple languages and multiple currencies, allowing it to be used by global companies who want to offer flexibility to their stakeholders and also want consolidated reporting.
Upside Software enterprise products have a rapid deployment cycle, with typical implementations running 20 – 40 days and customers usually achieve full ROI within 1 year after implementation. UpsideContract is the solution of choice amongst Fortune 500 companies and the Global 2000 list of organizations.
About Upside Software Inc.
Upside Software provides integrated enterprise solutions that help streamline financial and business operations for companies of any size. The company's web-based solutions focus on electronic billing, contract management, expense claim management and time-based resource booking management and are based on Microsoft technologies. Through improved business processes and leveraged business intelligence, Upside Software's customers can reduce operating costs and improve customer and supplier relationships. The company's corporate and ASP implementations are delivered to customers within 40 days and provide a full return-on-investment (ROI) in less than one year. For more information about Upside Software and its suite of business solutions, visit the company's Web site at www.upsidesoft.com.
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