UpsideContract, the global leader in contract lifecycle management software, enables organizations to significantly streamline their entire contract management process.

EDMONTON, ALBERTA, CANADA — Upside Software, the global leader in Contract Lifecycle Management software highlighted ground breaking developments at its annual user conference held on Sep 13-15, 2006 in Edmonton, Alberta, Canada.

The annual user conference is an action-packed event attended by Upside Software customers from around the world. This year’s event had attendees from virtually all industries and from numerous countries. As with past conferences, there were case studies presented by selected Upside Software customers – this year’s case studies were shared by 3M, NCR and Government of Manitoba.

Upside Software shared upcoming product developments that go into 2008 and during the sessions, worked with its customers to validate the roadmap as well as identify opportunities for product expansion. The list of innovations planned will once again raise the bar in the market and help Upside increase its existing leadership position even more significantly. The company spends more then 35% of its revenues on R&D, which is significantly higher then that of its competitors and the general software industry.

“Building on last year’s highly successful conference was a tremendous task and I was very pleased to see this year’s conference surpass the success from last year.” stated Ashif Mawji, Upside Software’s President and CEO. He added, “It is always a delight to hear from our customers and work with them jointly to build our product roadmap – after all, we are in existence to deliver a solution that will benefit their business.”

Vishal Patel of the Aberdeen Group added, “Upside continues to gain traction in various industries with an impressive list of customers, including 3M, NCR, HP, John Deere, JC Penny, Anheuser-Busch and others. Over the last five years, Upside has shown significant growth in both revenue and profit, which have grown by over 400%. In total, Upside Software has over 150 customers with approximately 500,000 users managing $500 billion in contracts.”

Upside Software has a track record for winning 8 out of 10 deals that arise from a structured procurement process (i.e. RFI, RFP, etc.) and as a result has one of the largest number of deployments in the contract lifecycle management market. One of the Fortune 100 companies that selected Upside Software recently used a Six Sigma “Cause & Effect” matrix tool with weighted selection criteria to narrow the selection from 17 to 3 potential solutions. The resulting score identified the application with the greatest potential of being successfully implemented on a best value approach. Among the 200+ selection criteria were specific requirements addressing integration, administration, security, cost and functionality, the last having the greatest number of requirements by far. Vendors were then asked to provide proof of concept in a controlled environment. After this comprehensive assessment, Upside Software was selected and this customer is already enjoying the benefits from the UpsideContract application globally.

For more information on the event, the upcoming enhancements and additional success stories, see the enclosed link for a write up by the Aberdeen Group (Oct 26th, 2006 Market Alert).
http://www.aberdeen.com/c/report/market_alert/MA_UpsideSoft_VP_3586.pdf  

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/ 

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