EDMONTON, Alberta, Canada, Feb. 21. 2003 (PRIMEZONE) --
AMR Research Report on 'The Compelling ROI of Contract Management'
Identifies Upside Software as a Specialty Contract Management
Software Vendor with a Solid Customer Reference Base
Upside Software Inc., the leader in contract management software, announced today the availability of a report from AMR entitled "The Compelling ROI of Contract Management." In this report written by analysts Lindsey Sodano and Pierre Mitchell, Upside Software is identified as a specialty contract management solution vendor with domain expertise in complex spending categories and a bend-over-backwards attitude when it comes to making their customers successful.
AMR reports that "Companies are implementing targeted projects in two to three months that deliver a 150% to 200% payback within a year" and that "automating purchasing contracts can be a quick win for any enterprise that wants the benefits of increased visibility, better compliance, and streamlined workflows." In a recent case study (http://www.microsoft.com/resources/casestudies/CaseStudy.asp?CaseStudyID=13670), Microsoft published supporting figures, demonstrating that Burlington Northern and Santa Fe Railway had obtained a full ROI in only 62 days, through process improvements and staff reductions, after implementing their contract management solution.
In this report, AMR identifies 13 key functions that organizations wishing to procure a contract management solution should look for -- Upside Software provides all of these functions "out of the box." While contract management solutions can provide a full ROI through quick wins, the report goes on to describe how full integration of such solutions with other sourcing and procurement systems will provide continued long-term benefits that make the ROI story even better. Upside Software supports this view and has developed its products to be integration-friendly, and offers services to help maximize the effectiveness of the overall, integrated solution.
The report noted that Upside Software was one of two specialty vendors that were addressing both buy-side and sell-side contracts and who had solid customer references to support their stories of success.
AMR also noted that "the best implementations bundled a vendor's professional services and software."
"Upside Software is committed to the success of our customers and has demonstrated significant ROI in each of our customer engagements," said Ashif Mawji. "I am happy to see that AMR's research has confirmed the value that contract management solutions do provide to organizations. Upside Software is proud to be featured as a credible vendor providing solid contract management software that is spoken of highly by its customers!"
The AMR Research report is available to AMR customers and can be downloaded from their Website at http://www.amrresearch.com/Content/view.asp?pmillid=15386&docid=10174#anchor2.
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 Invoice and Billing Management, Project Management, and Travel & Entertainment Expense Management. UpsideContract and UpsideContract-LITE 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 (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 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 (ranked in the Fortune 20). For more information about Upside Software and its suite of business solutions, visit the company's Website at www.upsidesoft.com or www.upsidecontract.com.