EDMONTON, Alberta, April 25, 2005 (PRIMEZONE) -- Upside Software Inc., an integrated enterprise contract management software provider, announced today the release of UpsideForms -- an extension of Upside Software's product suite that allows organizations to define and configure their own rich, configured forms for capturing and analyzing detailed information that is utilized in the Contract Lifecycle Management (CLM) process -- providing companies with better data to make solid business decisions and streamlining the contract lifecycle.
Contract management solutions continue to be an important tool for organizations in improving visibility into their contracts and allowing them to optimize supplier performance, improve sales and renewals, identify savings opportunities, and manage contract compliance and business risks more effectively. However, in today's competitive business climate the practice of negotiating and pricing goods and services has become increasingly complex. UpsideForms gives companies a powerful solution for gathering important information pertaining to pricing, complex calculations, rebates, deals, royalties, etc. during the contract negotiation or bid process with the ability to perform complex calculations within the form itself.
"Customers have told us that there needs to be a better, more consistent way to capture detailed information during the contract lifecycle, particularly with all the complex sell and buy side contracts out there," said Ashif Mawji, President and CEO of Upside Software. "UpsideForms gives organizations in all industries that are currently using or are planning on implementing the Upside Software product suite with powerful capabilities to customize their own forms and capture whatever information they require. Because forms are defined by the organization, any scenario where complex details are required to be captured and then evaluated, analyzed and utilized in calculations as well as verified against for compliance, are likely a suitable candidate for UpsideForms to help with that automation," added Mawji.
UpsideForms is an integrated module within the Upside Software product suite, including UpsideContract, UpsideBilling, and UpsideRFX. Organizations can configure their particular forms for use throughout the contracting process -- from the issuance of an RFX through the creation of the contract and subsequently the invoicing against those contracts. Forms are designed using Microsoft InfoPath 2003(r) and used within UpsideForms in an XML format, which offers rich and seamless integration to other Upside Software products, allowing for an efficient manner for automating existing processes and also ensuring compliance obligations being addressed effectively.
About Upside Software Inc.
Upside Software is the worldwide leader in Contract Lifecycle Management (CLM) solutions. Customers around the globe use UpsideContract and other integrated business solutions to confidently perform Contract Management, Sourcing & Procurement, and Invoice & Billing Management activities throughout their organizations. 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. Customers realize significant cost savings while improving customer and supplier relationships. Upside Software's solutions are deployed in as little as 3 days and typically provide a full return-on-investment (ROI) in under a year. Founded in 2000, Upside Software is a profitable, growing company with an 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. Upside Software is headquartered in Edmonton, Alberta, Canada -- for more information 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/.