RUTHERFORD, N.J.--(BUSINESS WIRE)--March 27, 2002--AXS-One Inc.

A New Innovative Approach to "Right Sizing" Systems:

Rapid Implementation, Web Services Architecture, and Industry

       Expertise Provide Highly Scalable Value-Chain Solutions,
               High ROI and Minimized Integration Effort

            

AXS-One Inc. (AMEX: AXO), a leading provider of Web Services-based business solutions, today announced a new family of products, AXS-One Collaboration FrameWorks(TM).

These rapid deployment solutions are modular, configurable templates for solving tactical integration problems by managing collaborative processes within the enterprise and across the value chain. An early example of AXS-One Collaboration FrameWorks solutions was recently awarded the Association for Image and Information Management (AIIM) Best Practice Award for a cash management and dispute reconciliation solution at Brittany Ferries, a leading European travel and shipping organization. AXS-One also won Transform Magazine's Best of AIIM Award for Web Services.

By building upon a proven product family and reducing the need for custom solution development, AXS-One Collaboration FrameWorks solutions reduce cost of ownership, dramatically reduce implementation times and provide a tangible ROI. AXS-One Collaboration FrameWorks solutions, built on AXS-One's Web Services architecture utilizing industry standards including XML, SOAP and WSDL, allow applications to share services and exchange information regardless of operating system, platform, device or interface.

"The effectiveness of an organization's value chain is directly dependent upon the timeliness and completeness of the information made available to trading partners. Information trapped in legacy systems, multiple databases, back-office repositories, and point-solutions can result in missed opportunities and bad business decisions unless it is quickly integrated into business processes," said John Rade, president and CEO, AXS-One Inc. "Our goal is to give organizations the power to deploy process-driven value chains enabling them to more quickly offer their customers and partners new and better services. We are honored by the recognition and confirmation from both AIIM and Transform Magazine, for providing superb solutions and technology."

AXS-One Collaboration FrameWorks solutions were created to solve business-critical problems using a combination of AXS-One's market leading products, AXS-One professional services, and comprehensive subject matter expertise in business process management, financial management and legacy system integration. All of the new AXS-One Collaboration FrameWorks solutions leverage these capabilities, and include:

• Risk assessment and resolution

• Aggregation and distribution of information and reports

• Reconciliation, exception and dispute resolution

• Improving service levels to employees, customers and suppliers

• Automated approval processing

• Period-end variance analysis and budgeting

• Help and support desk management

Using AXS-One Collaboration FrameWorks solutions, organizations can centralize critical information from multiple sources, static or otherwise, and enable fast, seamless collaboration with customers, partners and suppliers via the Internet. IT information can be re-purposed and integrated into best practice process templates that allow intelligent business actions to be taken automatically. At the same time, it allows anomalies to be quickly identified and escalated throughout the value chain.

Rade continued, "Many industry experts have moved away from recommending big bang solutions and their associated costs, risks and timelines. They are now recommending a tactical, short time to benefit, high ROI, low risk approach to system implementation. AXS-One Collaboration FrameWorks solutions are ideal for companies that wish to take this approach to develop systems which share data collaboratively with customers, suppliers and partners. AXS-One Collaboration FrameWorks solutions also provide the environment that allows automated business processes to intelligently manage business rules, policies and procedures."

AXS-One Collaboration FrameWorks solutions employ AXS-One's proprietary e-Cellerator(TM) implementation methodology. Using e-Cellerator methodology, companies are able to take complex business problems and break them down into easily manageable projects producing high rates of return in short timeframes without compromising existing projects or extensively using scarce IT resources.

AXS-One Collaboration FrameWorks solutions are available immediately. For more information, visit www.axsone.com.

About AXS-One Inc.

AXS-One (AMEX: AXO) is a provider of Web Services-based business solutions for global 2000 companies, professional service organizations (PSOs) and financial managers. AXS-One has implemented high-volume, scalable and secure business solutions for hundreds of customers across the globe. AXS-One has approximately 300 employees in offices worldwide, including Singapore, Australia, Canada, United Kingdom, United States and South Africa. AXS-One was founded in 1978, and is based in Rutherford, New Jersey. For further information on AXS-One, visit 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, "Access Tomorrow Today", e-Cellerator, AXSPoint, AXS Desk, "AXS-One Collaboration FrameWorks" and Tivity are trademarks of, and TransAXS is a registered trademark 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.
                  Deanna Kowalik, 201/372-6353
                  dkowalik@axsone.com 
                  or       
                  Springboard Public Relations
                  Domenick Cilea, 732/863-1900 ext. 102
                  dcilea@springboardpr.com