RUTHERFORD, NJ, Apr 11, 2005 (MARKET WIRE via COMTEX) -- AXS-One Inc. (AMEX: AXO), a leading provider of records compliance management software solutions, today announced the release of Enterprise 9.0 - Compliance Edition, the newest version of its award-winning financial management solution. Combining the company's 26-year commitment to finance managers in a broad range of industries with the reputation AXS-One has established in records compliance management, the new offering not only includes significant enhancements to the existing Enterprise Financial suite but also helps address the increasingly complex issues of compliance and corporate governance.

"We have been anticipating the release of Enterprise 9.0 - Compliance Edition since we were informed of the added value being provided in this release," said Jacek Olszewski, CIO, Research Foundation (RF) of the City University of New York (CUNY). "We are excited about the alignment of the Enterprise and Compliance product lines for archiving reports, books and records and have been patiently waiting for the new upgrade to AXS-Desk, the XML User Interface. We look forward to another smooth upgrade of our AXS-One system."

Enterprise 9.0 - Compliance Edition gives CFOs and other financial managers a strategic and tactical view of corporate performance, providing the tools to build a Web-based scorecard with key performance indicators (KPIs) providing context for analysis. Through its suite of Internet enabled, process centric financial applications (General Ledger, Accounts Payable, Accounts Receivable, Purchasing, Fixed Assets and Time Billing), clients are able to improve visibility while maintaining secure access in order to meet the reporting and control requirements placed upon them. Enterprise 9.0 features:

--  Seamless integration with AXS-One Central for Compliance and
    Governance: AXS-One Central delivers a single repository for the secure
    management of any electronic record, including financial books and records,
    Office documents, e-mail and Instant Messages. This enables organizations
    to securely store and retain output generated by the financial management
    components in full compliance with key regulations, such as those under
    Sarbanes-Oxley. It also eases the migration path to implementing additional
    components from the AXS-One Compliance Platform, including e-mail, IM and
    electronic records management and legal discovery.
--  Integration with Crystal Reports: The entire AXS-One Enterprise
    Product Suite is now shipped with full integration to Crystal Reports, the
    industry standard reporting tool. Enterprise 9.0 - Compliance Edition
    includes a number of standard AXS-One reports already converted to Crystal
    10.
--  XML User Interface: This enhanced functionality provides an extremely
    efficient (thin client) User Interface built on an XML/XSL technology
    platform. The XML User Interface represents a free upgrade for AXS-Desk
    users and a cost-effective Web-based User Interface for clients currently
    on Visual Basic.
--  Cycle Management Products: Enterprise 9.0 - Compliance Edition
    features enhanced Cycle Management Products: Budget Cycle Management (BCM),
    Expense Cycle Management (ECM), Journal Cycle Management (JCM) and Purchase
    Cycle Management (PCM), all of which facilitate compliance by bringing
    transparency and control to key risk points within the financial value
    chain.

"We're proud to have delivered high-quality financial management software for more than a quarter century, and it's important that the technology continue to adapt in order to meet evolving priorities, such as compliance," said Bill Lyons, CEO, AXS-One. "Enterprise 9.0 - Compliance Edition spans both worlds: It enables our customers not only to meet their regulatory compliance and corporate governance requirements but also enhance internal controls, implement best practices and improve business efficiency."

Pricing and Availability:

Enterprise 9.0 - Compliance Edition is licensed according to the number of users supported, with scalable pricing reflecting the organization. AXS-One will offer the solution to new and existing customers directly and through strategic distribution partners. This release of the product is in general availability now.

About AXS-One Inc.

AXS-One Inc. (AMEX: AXO) is a leading provider of Records Compliance Management solutions. The AXS-One Compliance Platform enables organizations to implement secure, scalable and enforceable policies that address records management for corporate governance, legal discovery and industry regulations such as SEC17a-4, NASD 3010, Sarbanes-Oxley, HIPAA, The Patriot Act and Gramm-Leach Bliley. AXS-One's technology has been critically acclaimed as best of class and delivers digital archiving, business process management, electronic document delivery and integrated records disposition and discovery for e-mail, instant messaging, images, SAP and other corporate records. Founded in 1979, and headquartered in Rutherford, NJ, AXS-One has offices worldwide including in the United States, Australia, Singapore, United Kingdom and South Africa. For further information, visit the AXS-One web site at http://www.axsone.com.

AXS-One, the AXS-One logo, "Access Tomorrow Today," AXSPoint, and TransAXS are registered trademarks of, and AXS-One Compliance Platform, AXS-One Retention Manager, "The Records Compliance Management Company," e-Cellerator, AXS Desk, "AXS-One Collaboration FrameWorks," SMART, AXS-Link 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.

Company Contact:
Marie-Charlotte Patterson
AXS-One Inc.
201.372.6243
mpatterson@axsone.com

Media Contact:
Digs Majumder
Neale-May & Partners
212.213.5400 x 206
digs@nealemay.com

SOURCE: AXS-One