HMS BEGINS SHIPPING TIMECONTROL VERSION 4.2 MAJOR RELEASE OF POPULAR TIMESHEET PACKED WITH NEW FUNCTIONALITY

Montréal, Québec November 1, 2003. HMS Software, a leading provider of project management products and services, has announced the release of 4.2 of TimeControl, the leading timesheet system for project environments. This major update to the popular timesheet system includes significant new features designed to extend TimeControl through the enterprise.

"This is the most significant release of TimeControl in over a year," says Chris Vandersluis, president of HMS Software. "We've not only included features which have been requested by our client base, we've extended the functionality of TimeControl into exciting new areas."

Among the many enhancements in this new version are:

Drill Down Analysis
Most visible in the new version is the new Drill Down Analyzer. This module allows TimeControl users to analyze data by virtually any combination of factors. Hours and costs are instantly sub-totaled by the user-selected categories, which can be dragged and dropped into definition area. This powerful tool is ideally suited for managers and executives who wish to use TimeControl's data for critical business decision making.

Integration with Microsoft Project 2002 and 2003 Web Access
TimeControl can now be installed directly into the Microsoft Project 2002 and 2003 Web Access environment so that all TimeControl functions are available directly from the Microsoft Project Web menu. Once installed, TimeControl becomes part of the Microsoft Project web security system. The single sign-on system and this complete level of integration provides Project users with an uninterrupted user experience when using TimeControl and Microsoft Project together.

XML Export and reporting
TimeControl's vast capacity to move data to other applications is now extended with XML support. The XML system from within the Drill-Down Analyzer supports export of both posted and current data and the automatic creation of XML style sheets which makes this a versatile alternative reporting mechanism from within TimeControl.

Many of the enhancements in this latest TimeControl version have been a result of customer demand. "We've got almost 10 years experience with TimeControl now," says Vandersluis. "We have companies using the product in many different countries and in many different industries. With some deployments as small as a few dozen users and some as large as 10,000, we have a wide range of input from our clients on how to make TimeControl even more effective. We've been able to incorporate many client suggestions into this version."

TimeControl can be deployed in conjunction with a planning tool such as Microsoft Project and virtually any finance system such as SAP or Oracle Financials. "With Enterprise Project Management and accountable management becoming such hot topics these days, TimeControl often becomes the centerpiece of an integrated control environment," says Stephen Eyton-Jones, Director of Technical Services at HMS. "We have clients who have to ensure that timesheet data matches both the finance system and the project system exactly. With the links we've built into TimeControl, accomplishing this becomes very easy."

TimeControl 4.2 is available for immediate shipment. Existing clients with a current support contract will receive the new version automatically. Pricing for new systems varies by volume from $50 to $140 per license.

About TimeControl
TimeControl was originally released in 1994. It was immediately successful in the project management sector and today is recognized not only as a project management solution, but as an enterprise solution in use by companies worldwide. TimeControl is designed to serve the needs of both Finance and Project Management simultaneously. It includes features such as hierarchical user structures to allow for multiple levels of timesheet authorization and an open data architecture, which makes the product ideally suited for integration with existing data systems in any organization. TimeControl includes both a Web and Windows interface.

About HMS Software
Based in Montreal, Canada with offices in Toronto, HMS Software has been a leading provider of project management products and services since 1984. HMS Software's first customized timesheet application was written in 1984. With the launch of TimeControl as a commercial application in 1994, HMS Software began servicing clients worldwide. HMS Software's client list reads like a who's who of business. It includes Alcan, CAE Electronics, EDS, Ericsson, Bombardier-Aerospace, General Motors, IBM, Credit Suisse/First Boston, Dofasco Steel, Mercury Marine, Motorola, Weyerhaeuser and hundreds of others. HMS has representatives or distributors in Australia, the UK, Mexico, Finland, Norway, the Netherlands, New Zealand, Italy, Germany, Malaysia, South Africa, Hong Kong, and the U.S.

HMS Software has numerous alliance partners. It has been a Microsoft Project Solution Provider since 1995 and is also part of the Primavera, Welcom and Oracle partner programs.

For further information, please visit the TimeControl Website at www.timecontrol.com.




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