Digital Paper Streamlines Business Processes using Unanet’s Workforce Optimization Product Suite

February 26, 2001 – Unanet Technologies announced today that Digital Paper Corporation, an innovative provider of secure technical content exchange and collaboration solutions, has streamlined its business processes using Unanet’s suite of web-based workforce optimization products. Unanet provides Digital Paper with a simple, easily configurable, intuitive, and scalable solution to track project budgets, time, and expenses.

“Enabling timesheets to be submitted and approved by managers from different locations is the greatest benefit, says Stewart Curley, Vice President and Chief Financial Officer at Digital Paper. “Multiple project managers can signoff on project time easily and quickly. Unanet has reduced our invoicing cycle and improved our cash flow. “

In addition to improving billing, Unanet is used in the product development group to track the total costs of development and the return on investment on internal projects. By tracking how much investment is required and how many units they will sell, Digital Paper can do a better value assessment of how to prioritize projects. They set up a project budget to provide the reporting detail to evaluate and track the cost allocation.

“The system is very intuitive and easy to use,” says Curley. “People get up and running fairly quickly, thus reducing training costs. I think it is a great system. We plan to exploit more of the benefits of Unanet. Our next step is to implement the expense reporting for the sales people.”

"We are delighted to have Digital Paper join the Unanet customer community and harvest the benefits of Unanet," said Frances Craig, CEO of Unanet Technologies. “Digital Paper is an example of a customer acquired through a reseller, InfoSys Financial Systems. Our distribution channel through key resellers will enable Unanet to have more exposure to the companies who need our simple but powerful solution to survive in the new cost conscience digital economy.”

"Although appearing simple, Unanet intelligently supports important business rules and records detailed information for billable project time, actual to budget financial figures, and allocated resource numbers, giving project managers the necessary information to manage costs and deploy resources.”

About Digital Paper

Headquartered in Alexandria, Va., Digital Paper is a privately held company that improves customers’ business performance by enabling fast, secure collaboration and exchange of intellectual capital over the Internet. Named as one of Fortune magazine’s Cool Companies-Hot Ideas 2000, Digital Paper works with more than 250 customers worldwide, including leading discrete manufacturing, utilities and government organizations. Digital Paper has developed solutions for market leaders such as Lucent Technologies, Eastman Kodak Company, General Motors Corporation, Grove Worldwide, The Boeing Company and Delphi Automotive Systems. The Company’s equity partners are Columbia Capital, Accenture Technology Ventures, Edison Venture Fund, Longworth Venture Partners and Aether Capital. For additional information about Digital Paper’s products and services, please call 888-215-6677 or see www.digitalpaper.com.

About InfoSys Financial Systems

With over 20 years’ combined experience with financial systems, InfoSys Financial Systems, Inc., focuses on providing timely, accurate and cost-effective financial information system solutions. InfoSys has chosen to specialize in the Solomon IV accounting system with expertise in the association, non-profit, high tech, and distribution industries. InfoSys is based in Fairfax, Virginia and serves the entire metropolitan DC area.