DOCX Document Sciences Corp (MM)

xPressContracts mitigates risk while streamlining contract initiation, negotiation and management CARLSBAD, Calif., Dec. 18 /PRNewswire-FirstCall/ -- Document Sciences Corporation (NASDAQ:DOCX) today announced xPressContracts, a revolutionary new way for financial organizations to initiate, negotiate and manage contracts such as Prime Brokerage Agreements, Margin Agreements, ISDA Master Agreements, CSA's and others, all within a collaborative solution that uses Microsoft(R) Word as the business user tool. The xPressContracts solution enables financial firms to manage risk by searching new and existing contracts for key metrics such as NAV triggers, Collateral Events, Withdrawal Provisions and any other specific data points or clauses associated with risk. xPressContracts is an extension of the acclaimed xPression 3 software suite, the company's flagship product. Document Sciences leads the market in on-demand customer communications management solutions, delivering packaged solutions to capital markets, hedge funds, wealth management, mutual funds and retail banks. "The backlog of pending contractual agreements on Wall Street is alarming," said Ed Calnan, Senior Vice President, Head of Sales of Document Sciences. "With xPressContracts the entire workflow process is completely streamlined, controls are put in place to track all contracts globally and legal documents are transformed into searchable assets for risk management. With easy to use plug-ins for Microsoft Word, the solution is a snap for legal professionals to learn." xPressContracts dynamically creates standard proprietary contract templates for use as a first draft in new contract negotiations. All modifications are tracked by advanced tools in xPressContracts and the workflow enables all parties involved in the transaction to view and sign off on the changes. Once the internal review process is complete, the contract is forwarded to the counterparty as a standard Microsoft Word document. When the contract is returned, all revisions are automatically identified by xPressContracts and presented for approval or rejection. The advanced xPressContracts negotiation tools save hundreds of hours per week for negotiations alone. As TABB Group Senior Analyst Kevin McPartland states, "The strong growth of OTC derivatives in the past decade has created a strong need for the rapid creation of advanced legal documents. Backlogs in producing and confirming these documents create huge risks for all parties involved. There is a desperate need for the automation and streamlining of this process." xPression 3 integrates with existing business processes, workflow tools and business intelligence systems to create and deliver real-time, interactive and high-volume communications, highly customized for each recipient. Built on an open, component-based architecture using J2EE and XML standards, xPression 3 tightly integrates with a wide variety of CRM, Document Management, Digital Asset Management and ECM systems, including EMC Documentum and IBM FileNet P8, as well as portal applications and databases. "Our financial services clients are excited about the opportunity to streamline a manual process that carries a great deal of risk," said Jack McGannon, president and CEO of Document Sciences. "Not only can they improve the current process for contract negotiations, but also convert the tens of thousands of existing legacy contracts into our system with our contracts migration process, making the critical data points available for risk management." The xPression software suite offers the most advanced customer communications capabilities, fulfilling the needs of organizations that want to optimize the customer experience through the production and delivery of highly personalized interactive business communications for print, email and the Web. Leading financial firms such as ABN-AMRO, ANZ Bank, BNP Paribas, Capital One, Citigroup, HBOS, HSBC, JP Morgan Chase, OppenheimerFunds, RBS, Santander Private Banking, Washington Mutual and UBS use Document Sciences' customer communications management solutions to automate advisor-client communications, reduce document development and distribution costs, improve time-to-market, and optimize the overall customer experience. About Document Sciences Document Sciences is a market-leading global provider of customer communications management solutions. Our award-winning xPression software suite enables organizations to automate the creation and delivery of well-designed, highly personalized communications -- from customized marketing collaterals, contracts and policies to high-volume relationship statements and correspondence. More than 500 content-driven organizations worldwide, including over 60 FORTUNE Global 500 companies, use Document Sciences' solutions to reduce development costs by up to 90%, improve time-to-revenue by as much as 75%, and enhance the overall customer experience with highly effective 1:1 communications. Based in Carlsbad, California, with award-winning offshore services operations in Beijing, China and offices across the U.S., in London and Sydney, Document Sciences also markets its products in Europe, Australia, Canada, New Zealand, Latin America, Asia and Africa. For more information about Document Sciences Corporation, call 888.4.DOC.SCI or visit http://www.docscience.com/. This press release may contain "forward-looking" statements about possible or assumed future results of our financial condition, operations, plans, objectives and performance. You can identify these statements by the fact they use words such as "believe," "expect," "anticipate," "estimate," "project," "intend," "plan" or similar expressions. Many possible events or factors could affect our future financial results and performance. This could cause our results or performance to differ materially from those expressed in these forward-looking statements. Some of these events or factors include the following: (i) national, international, regional and local economic, competitive and regulatory conditions and developments; (ii) the market for dynamic content publishing software; (iii) market acceptance of enhancements to our existing products and introduction of new products; (iv) continued profitability of our professional services; (v) maintaining our relationships with Xerox Corporation and our other distribution partners and/or other risks detailed from time-to-time in our SEC reports, including the report on Form 10-K for the fiscal year ended December 31, 2006. We do not undertake, and specifically disclaim, any obligation to update forward-looking statements. DATASOURCE: Document Sciences Corporation CONTACT: Editorial, Dane Becker, , or Investors, Leslie Weller, , both of Document Sciences Corporation. +1-760-602-1400 Web site: http://www.docscience.com/

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