EDMONTON, Alberta, Canada, Dec. 2, 2002 (PRIMEZONE) -- Upside Software Inc., an integrated enterprise solution provider, announced today the release of a new, scalable and flexible contract management solution -- UpsideContract-LITE -- focused on small and medium enterprises and larger organizations that have limited initial contract management functionality requirements.
UpsideContract-LITE provides the ability to tailor the solution to include only the functionality a customer requires and then to simply "turn-on" additional functionality as it is required. With all optional functions enabled, the user has the full scope of functionality that Upside Software offers in its full UpsideContract solution.
License fees for UpsideContract-LITE start at $1,500 and deployment costs are as low as $5,000, providing a price point that enables companies to manage their investment and receive a very fast return on investment (ROI), often in as little as 30 days.
"The addition of UpsideContract-LITE to our product suite allows us to address the needs of the SME market as well as larger organizations that have a limited set of requirements for contract management," said Ashif Mawji, Upside Software CEO. "This offering allows us to give our customers exactly what they need today, for the lowest possible price, and give them the ability to easily add the functionality they need as their requirements grow in the future. The flexibility and ability to introduce contract management software at a minimal cost and implemented within 3 days is something that none of our major competitors are offering. We are proud to have developed a new product that will allow our customers to achieve a full ROI in as little as 30 days!"
UpsideContract-LITE is positioned to support the growing sophistication, flexibility and price effectiveness being demanded by enterprise customers of Contract Management solutions. With its inherent flexibility, and ability to easily scale to provide full, enterprise-class functionality (by simply turning on new functionality), UpsideContract-LITE meets the demands of the evolving Enterprise Contract Management solution market.
Typically, organizations want to "pilot" contract management software in a specific division or even handle a portion of the buying/selling conducted by the organization. With UpsideContract-LITE, companies can start small and then after proving the success of the pilot program, enable a broader use of the system without incurring additional implementation costs or having to re-configure the system. It is as simple as turning on additional functionality and/or adding additional users. This approach allows for a low cost and low risk start-up and evaluation, and therefore enables organizations to determine how contract management software can help them with their goals and objectives without spending a lot of time or money.
With UpsideContract-LITE, Upside Software is also targeting the SME market which will comprise a significant part of the growing market for Contract Management solutions. According to Gartner Group, the market for contract management software and services will hit $20 billion U.S. by 2007.
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 Website at www.upsidesoft.com.