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News
For immediate release: August 18th, 2003
Motley Fool Automates Contract Management
UpsideContract selected by Motley Fool Inc. to help streamline and automate contract management
EDMONTON, ALBERTA, CANADA—Upside Software Inc., an integrated enterprise contract management software provider, announced today the selection of UpsideContract by Motley Fool Inc. to automate the organization’s 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.
“Organizations in all industries and of all sizes are recognizing the value of automated contract management, and we are very happy to work with Motley Fool as a further demonstration of this” said Upside Software CEO, Ashif Mawji. Mr. Mawji went on to say, “We are proud to have been selected by Motley Fool to help streamline their contracting processes. This is yet another step in our strategy of working with top-notch companies worldwide.”
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/, .
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