DETERMINE Introduces Contract Management for Real Estate Leasing; Market Leader Broadens Offering to Identify Savings across the Real Estate Contract Lifecycle.

Business Editors

SAN FRANCISCO--(BUSINESS WIRE)--Dec. 4, 2002

DETERMINE Software, the leader in buy-side contract management specializing in leasing, today announced the DETERMINE Real Estate business process application which provides corporations with a real-time, unified view of all obligations and terms associated with real estate leasing contracts. DETERMINE Real Estate delivers control and visibility across the real estate contract lifecycle resulting in improved business process efficiencies, increased savings, and reduced financial risk, all of which amount to millions of dollars in savings for Global 2000 corporations with considerable real estate leasing obligations.

DETERMINE Real Estate manages every step of the leasing process from initial pre-leasing decisions through end of lease options, payment terms, operating expenses, dispute resolution, reconciliation and historical audit trails. Customers can centrally track lease agreements and obligations such as operating expenses, use and covenants, provisions, property details, sub-tenant details, and payment structures while creating rules, permissions and alerts for all departments involved in real estate leasing and planning. Associated contract documents such as property renderings, amendments and financial reports are also centrally managed, offering a consolidated document management repository.

DETERMINE Real Estate is the latest application to leverage the established rules and workflow of DETERMINE's DataFlex architecture. The component-based DataFlex architecture enables a corporation to track an unlimited number of contractual lease obligations and quickly customize the associated business rules and processes required to reflect that corporation's specific operations, thereby exposing missed obligations and hidden costs.

Triad Hospitals, Inc., a DETERMINE customer, will use the equipment leasing application and DETERMINE Real Estate to track leasing obligations for its hospitals. "We believe that DETERMINE Software will meet our requirement of managing multiple contract types, including Real Estate and Equipment Leasing," said Jim Bedenbaugh, SVP and Treasurer. "In addition, we will have the flexibility to simply add other contract types as the need arises."

"Our customers have told us that our strength in managing their leasing contract obligations and ensuring their compliance with Sarbanes-Oxley and other SEC regulations is key to their ongoing success," said Scott Martin, CEO of DETERMINE Software. "Our DataFlex technology combined with our focused expertise lets us deliver specific business process content for managing leased equipment, real estate and other long term leasing agreements, so our customers gain an almost immediate return from the day they sign the contract with us instead of having to spend high service costs on a long drawn out implementation."

About DETERMINE Software

DETERMINE is the leading web-based leasing contract management application for Global 2000 companies with significant buy-side contractual obligations and agreements. DETERMINE delivers control and efficiency over the entire leasing contract cycle, enabling increased market capitalization through contractual savings, reduced processing time, increased compliance management and reduced financial risk. DETERMINE customers, such as ADP, Alcoa and Chevron-Texaco, have realized significant improvement and recognized savings in their contract management process.