Elite Announces Strategic Alliance with Business Objects; Elite's Newest Product Incorporates Technology from World's Leading Business Intelligence Solutions Provider.

Business Editors/High-Tech Writers

LOS ANGELES--(BUSINESS WIRE)--May 6, 2003

Elite Information Systems, Inc., a wholly owned subsidiary of Elite Information Group, Inc. (NASDAQ: ELTE) and a worldwide provider of integrated practice and financial management systems to professional services firms, today announced a strategic alliance with Business Objects (NASDAQ: BOBJ), the world's leading provider of business intelligence solutions. Through its relationship with Business Objects, Elite incorporated extensive query, reporting, and analysis capabilities into Elite Business Intelligence, the newest product in Elite's leading financial and practice management system. Elite Business Intelligence, which will be officially launched next week at Elite's annual user conference in Palm Desert, CA, provides a fully integrated, comprehensive set of solutions that simplify the retrieval, reporting and analysis of crucial information for professional services firms.

Elite Business Intelligence was developed as part of Elite's ongoing commitment to delivering the comprehensive and sophisticated software solutions businesses need to increase profitability and compete successfully. This alliance allows Elite to leverage the vast experience and technology expertise of Business Objects, which currently has more than 17,500 customers in more than 80 countries, including 86 of the Fortune 100 list of global companies.

"Business intelligence solutions have emerged as a high priority for businesses seeking a competitive advantage," said Mark Tice, group vice president of worldwide channel sales at Business Objects. "We are pleased that Elite has chosen to integrate our technology into Elite Business Intelligence. Elite is a proven leader in providing financial and practice management systems to professional services firms, and we look forward to a long and mutually beneficial relationship."

Elite Business Intelligence tightly integrates critical data management tools, including the full Business Objects query, reporting, and analysis platform. Business Objects helps streamline the collection and analysis of data using advanced query technology that simplifies data access and provides intuitive on-screen formatting that enables easy creation of professional-looking reports. Reports created using Business Objects can combine data from the Elite financial system as well as other data sources, including OLAP servers, Microsoft(R) Excel(R) spreadsheets and XML. These reports are highly flexible, and can be analyzed from a variety of perspectives and modified with ease. Other highlights of Business Objects include web and client/server access, a web portal for publishing and delivering reports, integrated query, reporting and analysis tools, multi-currency and multi-language capabilities, and powerful administrative features for security, scheduling and user management functions.

Elite Business Intelligence also includes an online real-time data warehouse, report management, a pre-built package of sophisticated management reports and profitability analytics, a flexible cost-rate modeling, calculating and forecasting engine to drive profitability metrics, and an automated email notification system for subscription-based delivery of data on key business indicators.

"We are very excited to announce our alliance with Business Objects as we prepare to launch the powerful new Elite Business Intelligence solution," said Chris Poole, CEO and chairman of Elite Information Group, Inc. "Incorporating the industry-leading capabilities of Business Objects gives Elite a significant advantage as we position Elite as a leading business intelligence solution for professional services firms. With Elite Business Intelligence, we're delivering a powerful solution that's fully integrated with the Elite system and supports unique capabilities such as near real-time capture of key business indicators and a next-generation data warehouse. Now more than ever, the Elite system helps firms achieve the competitive advantage that comes from optimal practice management."

About Elite Information Systems

Elite Information Systems, Inc., a wholly owned subsidiary of Elite Information Group, Inc., is a leading provider of integrated practice and financial management systems for professional service firms worldwide. The company has built on its success as the premier provider of world-class time and billing systems for the legal industry to deliver a variety of products and consulting services to other professional service markets, including, but not limited to, accounting, engineering, marketing and management and IT consulting. More than one-third of the top 1,000 US law firms, more than one-half of the top 100 US law firms, and 30 of the top 100 UK law firms use Elite's practice management systems. Headquartered in Los Angeles, Elite was named a top-ten software developer by the Los Angeles Business Journal in 2002 for the second consecutive year. The company was also ranked among the Deloitte and Touche Fast 50 technology growth companies and was named to the Forbes 200 Best Small Companies list in 2002. Elite employs more than 400 professionals and has offices worldwide including Los Angeles, New York, Philadelphia and London. For more information, visit www.elite.com.