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HandySoft & Plumtree Take Corporate Governance to the Next Level with SOXA Accelerator 2.0 Industry leaders HandySoft Global Corporation & Plumtree Software unveil SOXA Accelerator 2.0 with enhanced reporting, flexible auditing methodology support, Sarbanes-Oxley Sections 302 and 404 rollup & certification, and more VIENNA, Va. and SAN FRANCISCO, March 30 /PRNewswire/ -- HandySoft Global Corporation, the leader in business process management (BPM) solutions, and Enterprise Web leader Plumtree Software today announced version 2.0 of the SOXA Accelerator. This solution adds new and enhanced compliance functionality to the SOXA Accelerator, released in June of 2003, which has a growing roster of Global 500 customers. The enhanced version demonstrates HandySoft's commitment to helping public companies address the many challenges they face as a result of the Sarbanes- Oxley Act. SOXA Accelerator 2.0 now provides updated reporting capabilities for improved control and administration and enhancedsupport for Sarbanes- Oxley Sections 302 and 404. Section 302 requires CEOs and CFOs of public companies to personally certify their company's financial results quarterly and annually. Section 404 requires that public companies report annually on theeffectiveness of their reporting process and internal controls, and requires that external auditors attest to the company's conclusions. According to a December 2003 Outlook by AMR Research, "Money will need to be earmarked to pay external staff, withtechnology expenditures exceeding $1B in total ... Where more than half of companies originally viewed Section 404 requirements as involving only financial processes, now 79% consider that compliance mandates must include finance, operations, and IT processes." In an October 2003 AMR Research report, analyst Eric Austvold stated: "BPM will become a cornerstone of long-term active compliance by putting a ceiling on the rising costs of compliance through the automation of manual audit tasks, rules-based enforcement of policies, and as a common platform that coordinates Sarbanes-Oxley related activities." (BPM Software is a Cornerstone of Sarbanes-Oxley Compliance) "Our customers have been telling us that they need help in the areas of financial process control, tracking and enforcement, so the SOXA Accelerator 2.0 makes it even easier for companies to compile, monitor and view reports of important financial data critical to Sarbanes-Oxley compliance," says Daryn Walters, vice president of worldwide marketing and strategy for HandySoft. "More importantly, companies are realizing that they can leverage the benefits of process design, control and enforcement beyond corporate governance and Sarbanes-Oxley compliance to institutionalize best practices, save time and money, and improve the way they do business." "The first version of the SOXA Accelerator was well received because it was a comprehensive application that combined BizFlow's BPM capabilities with our suite's collaboration, content management, search and personalization. The SOXA Accelerator 2.0 adds compliance dashboards and incorporates Sarbanes- Oxley frameworks from the major audit firms," said Plumtree CFO Eric Borrmann. "HandySoft was one of the first application partners in our Applications Incubator program, and continues to be a leading adopter." Expanded Capabilities of the SOXA Accelerator 2.0 New Section 302/404 Rollup and Certification Enforcement: Workflow and forms completed by each business unit's managers or executives on a quarterly or annual basis help a company determine if any material changes which would impact the company's financial metrics have taken place. Enhanced Visibility and Reporting of Financial Data: New enhanced dashboard provides a graphical, high-level view of key performance indicators and pre-configured reports concerning the financial controls of Sarbanes-Oxley compliance. Even Easier to Use: A more intuitive user interface for administration, searching and filtering helps financial officers of a company to get the information they need quickly, while decreasing their reliance on IT. Expanded Support for Three Major Accounting Methodologies and Standards: Support for the methodologies for Sarbanes-Oxley used by PricewaterhouseCoopers (COSO), Ernst & Young and Deloitte Touche. SOXA Accelerator 2.0 is offered as a stand-alone solution or as an add-on to existing HandySoft or Plumtree products. A highlight sheet with expanded information on the SOXA Accelerator 2.0 is available upon request. For more information on the SOXA Accelerator 2.0, please visit: http://www.handysoft.com/solutions/sarbanes-oxley About Plumtree Software Plumtree Software is the Enterprise Web leader. Plumtree's mission is to create a comprehensive Web environment for employees, customers and partners across the enterprise to interact with different systems and work together. Plumtree's Enterprise Web solution consists of integration products for bringing resources from traditional systems together onthe Web, shared services such as collaboration, content management and search for building new Web applications, and a portal platform for delivering these Web applications to broad audiences. Plumtree's independence and its Web Services Architecture allow this solution to span rival platforms and systems, helping to maximize customers' return on their existing technology investments. With offices in more than a dozen countries, Plumtree has licensed over 575 customers, including Boeing, Ford MotorCompany, Procter & Gamble and the U.S. Navy. About HandySoft Global Corporation HandySoft Global Corporation is the premier provider of configurable software solutions that simplify and automate business processes; capture and enforce best practices;improve productivity and quality while reducing costs; integrate information technology; and foster collaboration among employees, customers, and partners. The foundation for HandySoft's industry and departmental solutions is BizFlow(R), the award-winning platform for business process management, automated workflow, and collaboration. BizFlow offers complete capabilities for building and managing automated business processes, including tools for designing and monitoring the processes, presenting and accessing work, integrating existing IT systems, and administering the platform itself. As a global solutions provider, HandySoft has headquarters locations in Vienna, VA, and Seoul, Korea, with strategic partner representation throughout the world. HandySoft has implemented process management solutions at hundreds of sites worldwide. For more information call +1-703-442-5600, email or visit http://www.handysoft.com/ Plumtree is a registered trademark of Plumtree Software, Inc. and/or its subsidiaries in the US and/or other countries. All other registered and unregistered trademarks in this document are the sole property of their respective owners. HandySoft, the HandySoft logo, BizFlow, and BizFlow Accelerator Suites are trademarks of HandySoft Global Corporation. All other trademarks are the property of their respective owners. For more information, please contact: Dennis O'Connor Carilu Dietrich Peter Arnold Associates (for HandySoft) PlumtreeSoftware 781.239.1030 415-399-7047 DATASOURCE: HandySoft Global Corporation CONTACT: Dennis O'Connor of Peter Arnold Associates (for HandySoft), +1- 781-239-1030, ; or Carilu Dietrichof Plumtree Software, +1-415-399-7047, Web site: http://www.handysoft.com/

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