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News
For Immediate Release: July 22, 2003
Contract Creation and Management Gets Much Easier
New version of contract management software enables greater document control, tighter integration with Microsoft Office and improved process support
EDMONTON, ALBERTA, CANADA—Upside Software Inc., an integrated enterprise contract management software provider, announced today the availability of its latest release of UpsideContract – v3.5 – offering significant additions and improvements to its contract creation and management functionality.
UpsideContract 3.5 includes many enhancements to the functions available in earlier versions plus adds extensive functionality for document sharing in Microsoft Word and for support of rate sheets and user defined tables.
"Upside Software supports the full, end-to-end procurement process from sourcing to payment," said Ashif Mawji, CEO of Upside Software. “UpsideContract 3.5 provides a significant improvement in our support for complex rate tables that play a crucial part in this procurement process.” He continued, “The Microsoft Word integration within (UpsideContract) 3.5 enables document sharing with other parties, including off-line contract negotiations, while still tracking all changes in the template-based document."
Some of the improvements and new features in UpsideContract 3.5 are:
- Microsoft Word document export/import that enables a contract to be exported to Word to be shared, redlined, changed, etc., then imported into UpsideContract with all changes captured and tracked.
- Ability to import rate sheet data from a CSV file into contract details.
- Support for confidential contracts that include a distinct access control list.
- Improved document creation and formatting functions with multiple style sheets supported in a single document.
- Improved email notification capabilities, including data placeholders in email subject line.
"Increased pressures to reduce costs, comply with regulatory reporting requirements, and manage complex outsourcing and leasing arrangements could make contract management the next killer app for the enterprise business environment," said Tim Minahan, vice president of supply chain research at Aberdeen Group, Inc. "Our recent benchmark of enterprise contract management practices found that nearly all companies view effective management of contracts as a key initiative for future success. Upside Software is one vendor poised to take advantage of this trend. New enhancements to the UpsideContract platform for Microsoft Word, Excel, and e-mail integration can help enterprises extend "legacy" processes to enhance contract collaboration and control."
Mr. Mawji went on to say, "With these improvements we have addressed the requirements of many new customers and are meeting the sophisticated functional needs of many more companies, providing us with a greater functional lead over our competitors in the contract management field. Upside Software spends more than twice the industry standard on Research & Development – our goal to consistently remain in the dominant position in the market is a top priority for our staff and very much valued by our customers. We have had a stellar year and continue to add industry leaders to our list of valued customers.”
Upside Software has some very exciting product releases coming in the next few months that will redefine the enterprise contract management software market and will once again demonstrate the incredible business value that can be achieved with the Upside Software suite. Upside Software customers and prospects are thrilled to be a key part of the process in new releases and to introduce more time saving functionality that can help companies with their issues, including the recent legislative items like the Sarbanes-Oxley Act passed in the United States.
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, RFP/RFI/RFX and Procurement Management, Invoice and Billing Management and Project & Resource Management. Upside Software’s products are well suited to Enterprise (e.g. Fortune 500, Global 2000), Public sector (Federal, State/Provincial, Municipal and Health Care) and the Small and Medium Enterprise (SME) sector customers. 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 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 company with a very mature and comprehensive Contract Management Software product. The company has extensive experience delivering real value to a large number of public- and private-sector customers of every size including small and medium enterprises and large global customers. For more information about Upside Software and its suite of business solutions, visit the company’s Web site at www.upsidesoft.com 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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