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For immediate release: September 30^th, 2003

Hawthorne Savings Automates Contract Management

Leading financial institution streamlines contract management with UpsideContract

EDMONTON, ALBERTA, CANADA�Upside Software Inc., an integrated enterprise contract management software provider, announced today the selection of UpsideContract by Hawthorne Savings to automate their contracts and related processes.

UpsideContract is an enterprise-class contract management solution that provides full life-cycle contract management functionality including collaborative contract creation and negotiation, performance, compliance and risk management, event management, and amendment and renewal processing. UpsideContract leverages a business rules engine to define the review and approval workflow required for a variety of events including contract creation, contract negotiation, risk escalation, non-performance, non-compliance, contract renewal, contract driven invoicing and/or payments, etc. 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 Gartner Group, the market for contract management software and services will hit $20 billion US by 2007. In addition, 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. As organizations understand the incredible return on investment (ROI) resulting from the use of contract management software, its popularity will increase even more.

�The adoption of contract management software is quickly being recognized as a competitive advantage for organizations of every size and in every industry� said Upside Software CEO, Ashif Mawji. �We are proud to have been selected by Hawthorne Savings, a company that is a demonstrated leader in its market, to help streamline their contracting processes and provide them with an additional competitive advantage.�

About Hawthorne Savings

Hawthorne Savings, F.S.B., with total assets of $2.6 billion, operates fifteen branches in the coastal counties of Southern California, from Westlake Village at the western edge of Los Angeles to Mission Bay in San Diego. The Company specializes in real estate secured loans within the markets it serves, including: 1) permanent loans collateralized by single family residential property, 2) permanent loans secured by multi-family residential and commercial real estate and 3) loans for the construction of multi-family residential, commercial and individual single family residential properties and the acquisition and development of land for the construction of such projects. The Company funds its loans predominantly with retail deposits generated through its fifteen full service retail offices and FHLB advances.

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 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. Upside Software�s customers realize significant cost savings 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, growing company with a very mature and comprehensive product suite. The company has extensive experience delivering real value to customers of every size and in many industry verticals. 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/, .

For more information, contact:

Kevin Saunderson, Vice President
Upside Software Inc.
Tel: (780) 702-1432, ext. 237
Fax: (780) 702-1438
Email: kevin.saunderson@upsidesoft.com