HandySoft, Business Objects Team-up for Sarbanes-Oxley Compliance

Vienna, VA - December 06, 2004 - HandySoft Global Corporation, a leading provider of business process management (BPM) solutions, and Business Objects, the leading provider of business intelligence (BI) solutions, today formally announced their OEM partnership to offer advanced reporting features as a part of HandySoft's Sarbanes-Oxley Accelerator solution. For the past several months, Business Objects has helped HandySoft deliver key compliance metrics to its Sarbanes-Oxley customers, including Global 500 companies such as Staples and United Technologies.

"To facilitate our Sarbanes-Oxley compliance efforts, we needed a tool that would provide a central repository for our control documentation, enable us to offer compliance reporting to senior management and produce auditable evidence of internal control testing to our external auditors," said Christine Komola, Senior Vice President and Corporate Controller at Staples. "HandySoft's SOXA Accelerator integrates automation of our ongoing internal control documentation and testing with the wide array of capabilities needed to ensure compliance, including the business intelligence and reporting capabilities of Business Objects."

The majority of HandySoft's Sarbanes-Oxley customers are using advanced reporting capabilities provided by Business Objects as a part of version 2 of the SOXA Accelerator, released in May 2004. This includes accurate, up-to-date reports on the real-time status of auditing and issues relating to internal control effectiveness. It also offers enhanced, customizable, role-specific dashboard views that present the appropriate level of detailed information necessary for issue identification and real-time process monitoring.

"Sarbanes-Oxley compliance solutions should produce detailed and summarized reports documenting the controls assessment and related issues, as well as supporting disclosure reports and regulatory filings. For example, one offering is integrated with very sophisticated business intelligence technology that is leveraged for reporting," wrote Paul Hamerman, Vice President, Enterprise Applications, Forrester Research. In his March 2004 report, Sarbanes-Oxley Solutions - Invest Now Or Pay Later, he adds, "Solutions should provide a real-time, role-based view that provides an appropriate level of insight to ongoing compliance activities. Drilldown capabilities that show increased detail at the level of a specific activity must be provided."

"Based on our ability to integrate our solutions and deliver key compliance metrics through Business Objects-enabled reporting, we are planning on expanding our relationship with Business Objects," said Stuart Claggett, Chief Operating Officer of HandySoft Global Corp. "Our corporate visions align well with one another. We both help companies achieve improved corporate performance management by defining the metrics to gather, collecting that data from disparate systems, and presenting it to business users in the most comprehensive and relevant manner."

"Business Objects recently launched a complementary Sarbanes-Oxley analytic solution, and we are committed to working with HandySoft to help each other grow our businesses," said Wyatt Mullin, vice president of global OEM at Business Objects. "HandySoft's SOXA Accelerator, with the advanced reporting capabilities powered by Business Objects, is helping companies assess and monitor internal controls. This can be used in conjunction with other offerings from Business Objects aimed at helping companies consolidate financials, provide drill down into transaction level details for verification, as well as providing advanced analytics to spot trends and improve decision making."

About Business Objects
Business Objects is the world's leading business intelligence (BI) software company. Business intelligence enables organizations to track, understand, and manage enterprise performance. The company's solutions leverage the information that is stored in an array of corporate databases, enterprise resource planning (ERP), and customer relationship management (CRM) systems.

Popular uses of BI include enterprise reporting, management dashboards and scorecards, customer intelligence applications, financial reporting, and both customer and partner extranets. These solutions enable companies to gain visibility into their business, acquire and retain profitable customers, reduce costs, optimize the supply chain, increase productivity, and improve financial performance.

In December 2003, Business Objects completed the acquisition of Crystal Decisions, the leader in enterprise reporting. The combined product line includes software for reporting, query and analysis, performance management, analytic applications, and data integration. In addition, Business Objects offers consulting and education services to help customers effectively deploy their business intelligence projects.

Business Objects has more than 29,000 customers in over 80 countries. The company's stock is traded under the ticker symbols NASDAQ: BOBJ and Euronext Paris (ISIN: FR0004026250 - BOB). It is included in the SBF 120 and IT CAC 50 French stock market indexes. Business Objects can be reached at 408-953-6000 and http://www.businessobjects.com.

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.