RUTHERFORD, N.J.--(BUSINESS WIRE)--June 5, 2003--AXS-One Inc. (AMEX:AXO)

        First Full Financial Management Solution to Feature Web
      Services, Improved Architecture and Faster Interoperability
                         with Existing Systems

AXS-One Inc. (AMEX:AXO), a leading provider of e-business solutions, today announced the availability date of AXS-One(R) Enterprise version 8w, the Silver Anniversary edition of AXS-One's financial management solutions.

AXS-One Enterprise 8w is the first complete set of financial applications in the market. AXS-One Enterprise 8w offers a business process-centric suite of financial management solutions architected for Web Services, which automates transactions between and among the organization and its customers, partners and suppliers. The web services architecture allows an organization to connect internal systems, integrate their trading partners and customer systems into their processes, easily describe, store and exchange information, and efficiently manage the entire supply chain.

Version 8w uses the Internet to network an organization's financial value chain, making it easy to manage revenue and expenses, allocate resources in the face of changing business requirements, display financial information to those who need it, and leverage cost positions to improve bottom line results. It easily interoperates with existing systems to preserve an organization's investment in current technology.

"AXS-One Enterprise's web services architecture has enabled us to integrate our strata management and compliance solutions with the AXS-One Enterprise solutions," commented Gary Stanton, Managing Director, ComStrata. "The speed at which we could deliver an enhanced, totally integrated solution has given us an opportunity to remain ahead of our competition by providing a world class offering to our property management clients."

"This version of the AXS-One Enterprise solution will allow organizations to speed their delivery of services and products to market, expand their customer base and more rapidly automate processes by providing more integration and visibility into the activities and processes of their customers, suppliers and partners," commented John Rade, President and Chief Executive Officer, AXS-One Inc. "With AXS-One Enterprise 8w's use of Web Services, the solution can be deployed across a number of platforms, applications, and programming languages within an organization, with its suppliers, and customers, to quickly build a trading community that shares critical information in a secure, flexible manner. I am pleased to once again demonstrate AXS-One leadership of utilizing technology to improve our client's business environment."

AXS-One Enterprise 8w will be generally available in Q3 of this year to new clients, for upgrade, and to third party technology providers looking to enhance their solutions with financial components. For more information, visit www.axsone.com.

About AXS-One Inc.

AXS-One (AMEX:AXO) is a provider of supply chain management solutions for service industries that extend the finance function and allow organizations to work collaboratively with their partners, suppliers, employees, and customers while preserving investments in existing systems. AXS-One has implemented high-volume, interoperable, scalable and secure business solutions for the global 2000. Its Web Services-based technology has been critically acclaimed as best of class. AXS-One has approximately 250 employees in offices worldwide, including Australia, Canada, Singapore, United Kingdom, United States, and South Africa. AXS-One was founded in 1978, and is based in Rutherford, New Jersey, U.S.A. For further information, visit the AXS-One web site at http://www.axsone.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.

AXS-One, the AXS-One logo, "Access Tomorrow Today," AXSPoint, and TransAXS are registered trademarks of, and e-Cellerator, AXS Desk, "AXS-One Collaboration FrameWorks," SMART, and Tivity are trademarks of, AXS-One Inc., in the U.S. All other company and product names are trademarks or registered trademarks of their respective companies.

    CONTACT: AXS-One Inc. Bernard Cassidy, 201/372-6231
             bcassidy@axsone.com
                           or
             Agency Contact:
             Springboard Public Relations
             Domenick Cilea, 732/863-1900 x.102
             dcilea@SpringboardPR.com

    SOURCE: AXS-One Inc.