Aberdeen Group Acknowledges Two CMSI Customers as Top Contract Management Best Practice Companies

ORLANDO, Fla., Nov. 3, 2004 -- Contract Management Solutions, Inc. (CMSI), a market leader in the contract management solutions industry, today announced that Aberdeen Group identified two CMSI customers in its latest research report as the top companies achieving the greatest value from their contract management systems. The report, Best Practices in Contract Management: Strategies for Optimizing Business Relationships, recognizes QUALCOMM and Toyota Motor Sales, two companies that were highly successful by implementing CMSI's applications to manage the largest number of contracts among all the companies in the Top 10 list.

Aberdeen has benchmarked enterprise contract management strategies and the use of supporting technologies for several years. Their industry-leading research quantifies the positive impact contract management automation can have on revenues, costs, compliance, and operations. To better understand the strategies required for contract management success, Aberdeen spent the first half of 2004 examining enterprise contract management initiatives at more than 35 companies. The results identified ten best practices that were common among enterprises achieving the greatest value from their contract management programs and the top best practices winners.

"As a leading market research firm, Aberdeen Group is known for its actionable, fact-based research that delivers tangible value to companies advancing their businesses with technology-enabled solutions," said Valerie Stanley, Vice President of Sales for CMSI. "We are proud that Aberdeen recognized two of our customers in their contract management best practices report, which substantiates our leadership in contract management solutions and the value we are delivering to our customers every day."

To receive a complete copy of the latest Aberdeen research report, visit the CMSI website at http://www.cmsi.com/ . Additional information on Aberdeen's contract management resources can be found at: http://www.aberdeen.com/common/COE/Contract_Mgmt.asp .

About CMSI

Contract Management Solutions, Inc. (CMSI) is recognized as a well- respected industry leader in the contract management market segment. CMSI provides Global 1000 companies with scalable, enterprise contract management solutions, delivering our clients maximum control over the entire contract management lifecycle. The CMSI Software Suite provides companies across all industries with the technology and best practices essential for the critical management processes, through every phase of the relationship and contract lifecycles. For more information about CMSI, please visit our website at http://www.cmsi.com/ .