Butler Group Lauds HandySoft's Sarbanes-Oxley Accelerator

Vienna, VA - July 27, 2004 - HandySoft Global Corporation, a leading provider of business process management (BPM) solutions, today announced that Butler Group, Europe's leading IT analyst company, has just released a technology audit of SOXA 2, HandySoft's Sarbanes-Oxley Accelerator. SOXA 2, built in partnership with Plumtree Software, provides the capabilities public companies need to establish the rigorous internal controls and reporting procedures that the Sarbanes-Oxley Act of 2002 demands. Among the product strengths listed in the key findings of this eight-page in-depth independent review of SOXA are the potential for very rapid deployment and the graphical development interface suitable for non-IT users.

"By integrating its 'best-of-breed' BizFlow BPM tool, with the presentation, collaboration, and communication features of Plumtree's corporate portal, HandySoft has created a rapidly deployable solution that can be run by business users," wrote Mike Davis, Senior Research Analyst at Butler Group. "The use of templates and the roll-up is particularly impressive, and the solution will be of benefit to all US listed companies, and others that wish to monitor and improve the processes of their business. Two direct business benefits are the meeting of statutory responsibility and the avoidance of potential damage to corporate reputation. This is a well thought-out and intuitive application, which can be rapidly implemented, …"

Butler Group's Compliance Technology Audit of HandySoft's SOXA 2 provides a comprehensive overview of the product, divided into four sections: functionality, deployment, product strategy, and company profile. Within this SOXA product analysis, the Butler Group also provides screen shots and graphical representations of the SOXA architecture, as well as a thorough review of the product's operation and strategic emphasis.

In the Tech Audit's highlighted section LOOK AHEAD, Mr. Davis wrote: "The SOXA Accelerator is just one of a range of business solutions that can utilize the BizFlow BPM platform, along with Plumtree collaboration and interface. This could be an ideal tool for addressing pending European and UK reporting and auditing legislation."

"HandySoft SOXA Accelerator version 2 offers a Web-accessed solution for companies addressing the process and reporting requirements of the US Sarbanes-Oxley Act 2002," Mr. Davis concluded. "A thoroughly thought-out solution, encapsulating best practice, it is applicable to any company that is US listed. Butler Group believes that SOXA Accelerator is a first-rate tool to help address the requirements of Sarbanes-Oxley."

To access a copy of the Butler Group Intelligence Compliance Technology Audit of HandySoft's SOXA 2, click here.

About Butler Group
Butler Group is Europe's leading independent IT Analyst company. Founded in 1991 by its President Martin Butler, Butler Group offers an unparalleled range of services to both users of IT and vendors of IT equipment, products and services, and currently has over 15,000 clients worldwide.

Butler Group's product portfolio comprises a full spectrum of publications for senior business and IT managers, events designed to bridge the business/technology gap and on-line services including the new ITXplorer.com, which offer a real-time contribution to the information economy. Further information is available from http://www.butlergroup.com/about/overview.asp

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®, 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 Global is headquartered in Vienna, VA, with offices in Australia, Japan, London, and 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 info@handysoft.com or visit www.handysoft.com

# # #

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.