Press Releases

Press Release
AXS-One Announces AXS-One View Performance Management and Business Analysis Solution

RUTHERFORD, N.J.--(BUSINESS WIRE)--May 19, 2003--

Consolidates Data from Multiple Sources, Providing Multi-Dimensional

Views of Data Supporting Governance and Compliance Monitoring

AXS-One Inc. (AMEX: AXO), a leading provider of e-business solutions, today announced the availability of AXS-One(R) View, a new solution that provides a way to extract and centralize valuable, business-critical information from different systems and formats located across company-wide applications and databases.

The AXS-One View data engine consolidates data from multiple sources into a centralized browser-based view, enabling users to make better decisions by leveraging information from multi-dimensional perspectives.

Users can sign on to the AXS-One View solution from their standard Internet Explorer or Netscape browser. An easy, intuitive interface enables users to view, slice, and share information in almost any format. The data can then be customized, viewed and analyzed based on user-defined needs. Features such as wildcard searches, filters, and the ability to sort any column of data in ascending/descending order, all assist users to pinpoint answers with the AXS-One View solution. Dynamic graphical features also allow the information to be presented as pie charts, bar charts or trend graphs.

"This investment in software, installation, and training will have paid for itself in the first six months. What once required eight hours of our time - to generate management reports - now takes us five minutes, commented Glenn O'Sullivan, Finance Manager of the City of Hobson's Bay in Australia, an early adopter of the AXS-One View solution. "We're extremely happy with the flow-on effects of AXS-One View and the measurable impact that it is having on our organization's KPIs."

"The AXS-One View solution provides users with optimal data for reporting and analysis purposes from various systems and formats without the high costs and time needed to build a datamart or data warehouse," commented John Rade, President and Chief Executive Officer of AXS-One. "This further demonstrates AXS-One's commitment to understanding the needs of our customers and providing them with the cost effective solutions to address their varied governance needs such as performance management and compliance. Applications such as AXS-One View are an essential part of an executive's dashboard as they meet the increasing demands placed upon them. "

The AXS-One View solution can also export information to popular desktop applications such as Adobe Acrobat, Microsoft Word or Excel.

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. 
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding AXS-One Inc's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.