Press Releases

EDMONTON, ALBERTA, CANADA—Upside Software Inc., the leading provider of integrated enterprise Contract Lifecycle Management (CLM) software, announced today that Aberdeen Group, in its latest research report – Best Practices in Contract Management: Strategies for Optimizing Business Relationships – has recognized three Upside Software customers as demonstrating best practices in contract management initiatives supported by CLM automation. Upside Software had the most customers represented in this Top 10 list, which was comprised from interviewing dozens of corporations globally.

Aberdeen Group was among the earliest research firms to identify Contract Lifecycle Management as a primary lever for improving performance, mitigating business risk, and ensuring fiscal accountability. In their latest research report, Aberdeen spent the first half of 2004 examining enterprise contract management initiatives at more than 35 companies. The results identify the best practices of the most successful contract management programs, as well as the ten Best Practice Winners. Among the winners are Burlington Northern and Santa Fe Railway Company (BNSF), Hewlett-Packard, and Interpolis Verzekeringen – all of whom have deployed UpsideContract to improve their contract management processes and initiatives.

“Aberdeen Group is a well respected independent market research firm that has a long history of delivering fact-based, unbiased research,” stated Ashif Mawji, President and CEO of Upside Software. “This latest report is a true testament of Upside Software’s ability to effectively deliver exceptional value to our customers and reinforces our leadership position in the contract management software industry.” Mr. Mawji continued to say, “We are extremely proud that Aberdeen has recognized three of our enterprise customers in their top 10 list of Best Practice Winners, the most of any CLM solution provider. With UpsideContract, organizations achieve significant improvements in contract visibility, supplier performance, and risk mitigation – typically receiving a full return-on-investment in under a year.”

To receive a complete copy of the latest Aberdeen research report, visit the Upside Software website at http://www.upsidesoft.com/. Additional information on the Aberdeen Group can be found at www.aberdeen.com and more information on Aberdeen’s collection pertaining to Contract Management can be found at: http://www.aberdeen.com/common/COE/Contract_Mgmt.asp 

About Upside Software Inc.

Upside Software provides the leading Contract Lifecycle Management (CLM) solution in the market – UpsideContract – as well as other integrated business solutions to handle Sourcing & Procurement, Invoice & 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 & Medium Enterprise (SME) customers. Upside Software’s customers realize significant cost savings while improving customer and supplier relationships. The company’s solutions are deployed 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 Website at http://www.upsidesoft.com/ or one of its product sites: http://www.upsidecontract.com/, http://www.upsidecontractlite.com/, http://www.contractbuddy.com/, http://www.upsiderfx.com/, http://www.upsidebilling.com/, .

For more information, contact:

Edward Mah
Upside Software Inc.
Tel:      (780) 702-1432, ext. 357
Fax:     (780) 702-1438
Email:  edward.mah@upsidesoft.com
Web:    http://www.upsidesoft.com/