Computron e-Cellerator Products Deliver Rapid Solution for Australian GST/TAX Reform.

Business & High Tech Editors

RUTHERFORD, N.J.--(BUSINESS WIRE)--March 31, 2000

Solution Permits Pfizer to Meet Australian Tax Requirements

Without Massive Change to Existing Systems

Computron Software, Inc. (AMEX: CFW), a leading global provider of Internet commerce solutions, has announced that one of its major clients, the research-based pharmaceutical company, Pfizer, has gone against the trend of spending hundreds of thousands of dollars on system upgrades for Australian GST and Tax compliance reporting. Instead, Pfizer has selected to use Computron's e-Cellerator(TM) products-based tax compliance reporting solution, TCR2000(TM).

"Pfizer's selection of our TCR2000 endorses our approach to GST and tax reform reporting," said Ossie Pisanu, Managing Director, Computron Software, Australia. "It's a classic example of Computron e-Cellerator products allowing organizations to rapidly embrace change without massive disruption to internal business processes.

"This solution offers an organization the choice of handling the GST at either the gross or the detail level. The savings for organizations who have multiple input systems are enormous not only in terms of upgrade savings, but also in terms of being able to merge the disparate information for populating the Business Activity Statement (BAS) without the building of a costly data warehouse," added Pisanu.

As Gennie Small, the Pfizer Treasurer responsible for the GST implementation, stated, "GST may be the number one focus of organizations at the moment but it is only one part of the total tax reform process that needs reporting to the ATO. TCR2000 will provide Pfizer with a full reporting solution for all eleven taxes, significantly reducing the burden of tax compliance while giving Pfizer the added security of having a full audit trial of the underlying information making up the Business Activity Statement.

"Ongoing changes add a further complexity. Should organizations make the decision to reengineer or upgrade their systems, how do they know when to put the stake in the ground? Upgrading is a high cost, high risk proposition when you consider there are only 100 days left to the July 1 deadline," stated Small.

John Latham, Finance Director, Pfizer Australia agreed. "Pfizer was looking for a system which was robust enough to bring together all the information from their disparate systems, eliminate the need to change source code and yet be flexible enough to cater for all the changes that the ATO are still making. TCR2000 meets all these needs. I am confident that with this new Computron product we will be ready to hit the ground running."

About e-Cellerator Products

The e-Cellerator products enable the transparent flow of knowledge and automation of business processes, including powerful rules-based 'self-service' capabilities and tools to assist in reconciling information discrepancies. AXSPoint(TM) solutions enable organizations to exchange information seamlessly over the Internet with customers, suppliers and partners. They can also be used to build and maintain central repositories of knowledge that span organizations. AXSPoint solutions allow users to subscribe to information and automatically publish information based on business rules.

Background Information on Computron Software, Inc.

Founded in 1978, Computron Software, Inc. (AMEX:CFW) is a global provider of financials and e-commerce solutions. Used by more than 500 companies worldwide, these solutions automate business processes both across and between enterprises and allow organizations to capitalize on the knowledge within their systems and those of their trading partners. Computron's goal is to provide competitive advantage by enabling organizations to achieve process transparency with their trading partners. The Company's latest Internet products will allow companies to quickly deploy e-business solutions strategies. For further information on Computron, its products, services and customers, visit the Computron web site at http://www.computronsoftware.com.

This press release contains forward-looking statements. Such statements are only predictions and actual events or results may differ materially. All forward-looking statements involve risks and uncertainties, including, without limitation, the risks detailed in the Company's documents and reports filed from time to time with the Securities and Exchange Commission.

Computron is a registered trademark, and e-Cellerator, AXSPoint and TransAXS are trademarks, of Computron Software, Inc., in the U.S. All other companies and product names are trademarks or registered trademarks of their respective companies.