Amdocs Selects HandySoft's SOXA Accelerator for Sarbanes-Oxley Compliance

London, UK and Vienna, VA - January 04, 2005 - HandySoft Global Corporation, a leading provider of business process management (BPM) solutions, today announced that Amdocs Limited (NYSE: DOX), the world's leading provider of billing and CRM software and services for true integrated customer management, has selected HandySoft's SOXA Accelerator™ as its technology solution for Sarbanes-Oxley reporting compliance. As a European domiciled company whose shares are traded on the New York Stock Exchange (NYSE), Amdocs is required to comply with the US Sarbanes-Oxley Act of 2002 by the end of September 2005. Amdocs joins a growing list of Asian, Canadian, European, and US companies that are using the SOXA Accelerator as a central component within their process to become Sarbanes-Oxley compliant.

Delivered through HandySoft's partner BICONIX International, HandySoft's SOXA Accelerator will assist Amdocs in establishing the rigorous internal controls, monitoring, assessment and reporting procedures that are required by the Act, while minimising the cost of compliance. Implemented across Amdocs' global operations, HandySoft's SOXA Accelerator went live at the end of 2004.

"The tables have turned. Three years ago, it was US organizations inquiring about the impact of the EU Data Protection Directive in North America. Now, European companies are asking questions about US legislation as they feel the impact on their IT infrastructures," noted Michael Rasmussen, Principal Analyst, Forrester Research. In his June 2004 report, Europe Feels Pressure From US Regulation, he adds: "Europe is feeling the pressure of US legislation directly and indirectly - directly through operations in the US and indirectly through business partner relationships with US firms. At GigaWorld Europe earlier this year, particular discussions were around the impact of SOX on IT controls and processes related to financial integrity."

"As an international firm with a US listing, we are subject to NYSE regulations and specifically, the 2005 Sarbanes-Oxley deadline. Technology is indispensable in implementing effective controls and procedures to become fully compliant," said Thomas O'Brien, Vice President of Finance and Investor Relations for Amdocs. "We reviewed various compliance software solutions on the market, assessing functionality, user friendliness and ease of implementation, and HandySoft's market-proven solution - combined with our confidence in BICONIX - made the SOXA Accelerator the clear choice for helping Amdocs to meet regulatory requirements and foster shareholder, employee and customer confidence."

"We are currently working with companies in countries around the world, including Canada, France, Germany, Israel, Japan, Korea, Taiwan, United Kingdom, and the US, to customize our SOXA Accelerator to meet their enforcement, process management, reporting and tracking needs related to compliance with Sarbanes-Oxley," said Stuart Claggett, Chief Operating Officer of HandySoft Global. "Our alliances with leading integrators such as BICONIX International have been critical to the growth of our international compliance business. Having come to BICONIX and HandySoft for a Sarbanes-Oxley solution, Amdocs represents an important implementation for us, because even as a software company, they have recognized the value of the specialist knowledge and technical expertise we bring to the table."

"Our research earlier this year showed that 25% of companies facing mandatory compliance to SOX are not expected to have implemented the required procedures and systems by the end of 2004, and at the moment this prediction certainly looks to be correct," added Wendy Cohen, EMEA Sales and Operations Director of HandySoft. "Companies are waiting until the last minute, but as the European deadline approaches, we will see many of them following Amdocs' example and turning to technology to achieve compliance."

David Donin, CEO, BICONIX International, commented: "Amdocs has again chosen to adopt the leading technology for their mission critical applications delivered through BICONIX International. As a long-standing BICONIX customer, Amdocs has showed confidence in our service and solutions portfolio, in addition to the capabilities of our partners' market-leading solution."

Earlier this year, HandySoft and enterprise web specialists Plumtree Software jointly announced the launch of Version 2.0 of SOXA Accelerator, featuring updated reporting capabilities for improved control and administration and enhanced compliance to Sarbanes-Oxley Sections 302 and 404. HandySoft's proficiency for helping companies address compliance issues was recognized in August, when BPM Today selected HandySoft as the BPM solution with the best compliance ROI.

For more information on the SOXA Accelerator 2.0, please visit: http://www.handysoft.com/solutions/sarbanes-oxley.

About BICONIX International Ltd.
BICONIX International Ltd., is a leading provider of business intelligence software solutions enabling planning, reporting and analysis of enterprise business data. BICONIX partners with the "best of breed" technologies in each product class, including Applix TM1 and HandySoft's BPM products. BICONIX has been pushing the boundaries of analytical technology, providing powerful business intelligence, planning and reporting solutions to some of the most complex and largest analytical models. BICONIX clients include leading companies from all industries including Telecommunications, Banking and Finance, Insurance, Manufacturing, Sales and Marketing, Utilities, as well as Educational and Non-profit sectors. BICONIX provides a full scope of consulting services including analysis, design, development, training and support services commensurate with international standards For more information call +972-3-922-8041, email info@biconix.co.il or visit our web site at www.biconix.co.il.

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 has headquarters locations in Vienna (USA), Seoul (Korea) and London, UK, with strategic partner representation throughout the world. HandySoft has implemented business 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.

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