Press Release: ChaseMellon

ChaseMellon Financial Services Selects Account4®

Product accessibility, ease of use, and project accounting are key contributors

Newton, MA – June 19, 2000 – Account4.com, a leader in the professional services automation (PSA) market, announced today that ChaseMellon Shareholders Services, Inc. (CMSS) has selected Account4® to automate the company's information technology (IT) department. Future plans include a company-wide implementation. ChaseMellon is a joint venture between Chase Manhattan Bank and Mellon Bank (both Account4.com clients), and is the country's largest, most experienced shareholder services provider — offering innovative products and services to more than 2,000 companies nationwide.

Product accessibility was of primary importance to ChaseMellon when deciding on a solution to help manage its IT department. Account4's thin-client architecture was a perfect fit, since any authorized ChaseMellon IT resource can access the system from anywhere in the world via a standard Web browser.

ChaseMellon's IT department plans to use Account4 to improve chargeback and project accounting. Account4 will enable ChaseMellon to accurately capture and associate project costs to the sponsoring organization - leading to improved accountability. ChaseMellon will also utilize Account4's standard IT management tools, such as project time tracking, opportunity planning, and project management. In addition, Account4 will provide easy access for IT business partners to view reports showing project status, deliverables, and delivery dates.

Peter Kelly, Vice President of Corporate Systems, explains, "ChaseMellon selected Account4 because it provided the right technology and functional fit for the firm. CMSS' IT department requires the Web-based time and billing, project and resource tracking, and project management functionality that Account4 delivers."

"We are pleased to have CMSS, the leader in shareholder services providers choose Account4," remarked Dick Artus, VP of Marketing for Account4.com. "As an innovator in its field, ChaseMellon understands that thin-client Internet-based technology is the best solution for internal IT management."

About Account4:
Account4® software is a complete PSA solution for professional services organizations (PSOs) and corporate information technology (IT) departments. It supports the core business processes associated with Business Development, Service Delivery and Administration, and helps these organizations successfully manage projects and increase the utilization, productivity, effectiveness, and retention of their workforces. Account4 was the first fully integrated, 100% Internet-based PSA solution. It offers a pure HTML user interface with no Java or ActiveX. For more than 14 years, Account4, Inc. (www.account4.com) has provided software and related consulting services to over 175 companies and more than 325,000 licensed users. Our premier customer base includes: Verizon, Kmart, SGI, Radio Shack, NSTAR, Mellon Bank, The Hartford, Chase Manhattan, CNA Insurance, INTRIA-HP, ConEdison, Viacom and FileNET.