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For Immediate Release: April 1, 2003

Upside Software Helps Take the RISK Out of Contracting

Extensive Risk Management functionality part of new version of contract management software

EDMONTON, ALBERTA, CANADA—Upside Software Inc., the leader in contract management software, announced today the availability of its latest release of UpsideContract – v3.4 – offering significant additions and improvements to its contract management functionality.

UpsideContract 3.4 includes many enhancements to the functions available in earlier versions plus adds extensive functionality for Risk Management.

"This new release is a logical progression of UpsideContract and represents the state of the art in contract risk management solutions," said Ashif Mawji, CEO of Upside Software. He continued to say, “There are very few products available today that offer extensive risk management functionality, and there are none that offer it as part of a contract management offering. I believe Upside Software is the first company worldwide to offer this complete set of functionality!”

Some of the improvements and new features in UpsideContract 3.4 are:

Extensive, new risk management functionality,
Performance management improvements to increase support of vendor performance management,
Global change capability to enable common changes across many contracts, and
Company/person merge functionality to consolidate redundant stakeholder records.

Mr. Mawji went on to say, " By listening to our customers we continually improve our products with features that set us apart from our competitors and give our customers a leadership position in the contract management field."

More information about UpsideContract can be found at www.upsidecontract.com or on the company's Web site at www.upsidesoft.com.

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 Electronic Tendering and Procurement Management, Invoice and Billing Management, Project Management, and Travel and Entertainment Expense 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 (www.UpsideContract.com, www.UpsideContractLite.com, www.upsideRFX.com, www.UpsideBilling.com, www.UpsideExpense.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