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Applix Business Performance Management platform helps organizations simplify and accelerate financial processes

New TM1 Financial Consolidations Application and Additional TM1 Components Address all Key Aspects of Financial Planning, Budgeting, Forecasting, Reporting and Analysis

WESTBOROUGH, Mass., May 3, 2005 -- Applix, Inc. (Nasdaq: APLX), a global provider of single platform solutions for Business Performance Management (BPM) and Business Intelligence (BI), today enhanced its TM1(R) suite, which helps businesses to more accurately and quickly perform multiple financial tasks. The new features in TM1 make it easier for customers to do more sophisticated financial reporting and consolidations.

The enhancements include wizard-based procedures for rapidly importing financial data and quickly deploying new performance management applications, dashboards and scorecards. Additionally, Applix now offers TM1 Financial Consolidations(TM), which supports journal entries, inter-company eliminations and other activities specific to the consolidation process.

"Financial reporting and consolidation is not the end of the process -- it is the beginning," said David Menninger, vice president, worldwide marketing and product management, Applix, Inc. "Good financial planning begins with the actuals, is followed by a planning process and ends with a comparison of the subsequent actual results to the plan.

"The ability to access information from multiple sources, present it in an easy-to-use, familiar environment and act upon it for everything from reporting to planning to forecasting enables companies to reduce cycle times, increase competitiveness and have greater trust in the information," continued Menninger. "The TM1 BPM platform, with its widely recognized real-time analytics, now provides all the components needed for sophisticated but streamlined performance management activities."

As defined by the worldwide BPM Standards Group, BPM enables a business to define, measure and manage its performance against strategic goals. The core financial and operational process of BPM includes planning, consolidation and reporting, analysis and the deployment of linked key performance indicators (KPI's) throughout an organization.

Faster Deployment

Applix TM1 now provides wizards for easily importing data from GL, accounting and legacy systems into BPM applications. Whereas many other approaches require writing rules or mandate inflexible out-of-the-box procedures, TM1 gives customers an easy to set up, easy to use reporting structures and GL procedures reflecting their chart(s) of accounts, including:

* trial balance report;

* income statement;

* balance sheet; and

* cash flow.

These wizards allow customers to put BPM applications into production quickly, seeing return-on-investment immediately.

TM1 Financial Consolidations

Financial consolidations are a primary activity for most mid-sized businesses and large enterprises. TM1 supports consolidation activities with industry-leading and unique features, including:

* Currency conversion, including unlimited number of reporting and transactional currencies;

* Automated inter-company eliminations;

* Standard and custom journal entry reporting with full support for recurring and reversing journal entries and export journals back to GL systems;

* Strict security provisions to ensure entries can only be posted by designated individuals to the appropriate entities; and

* A full audit trail maintained for every transaction;

By choosing a single platform approach, customers are relieved of integration headaches, ensured of interoperability among BPM and financial applications and provided with import and export capabilities for GL systems ranging from Great Plains to Oracle and ERP applications, such as SAP and Peoplesoft.

Leveraging Excel and the Web

Recognizing the ubiquity and almost non-existent learning curve of Microsoft Excel and browser-based applications, Applix uses these front-end solutions for presentation, analysis, dashboarding and report creation. Additionally, TM1 is integrated with many third-party reporting and front end solutions such as Microsoft Reporting Services and arcplan's dynasight.

"Financial consolidation has been and remains a key component in nearly all BPM implementations," said Ian Ahern, president and CEO, Stratature, Inc. "These new features from Applix make it easier for customers to quickly deploy applications for more precise, rapid and auditable financial reports by embedding key consolidation features into the Applix product suite. By embedding essential financial consolidation capabilities into the product customers benefit from faster implementations requiring less services which means the cost of implementation is reduced, the system goes live sooner and customers can maintain their own applications more easily. As more and more companies move from quarterly reporting to continuous reporting cycles, the ability to report and react quickly will help them to be more competitive and strategic."

Shipping and Availability

Applix TM1 is currently available from Applix and Applix Solution Partners worldwide. The new enhancements are available for beta use now and will be in general availability this quarter. To qualify for a beta version, please contact Brian Barnes by email at: bbarnes@applix.com. For a listing of Applix Solution Partners, please visit: http://www.applix.com/partners/

Applix TM1

Applix's TM1 is a proven, multi-dimensional business planning, reporting and analytics platform for powering strategic analysis of financial, transactional, operational and other business data. TM1 has scored the highest rating in goal achievement, better decisions, and better reporting for the second year in a row, according to The OLAP Survey 4 (http://www.survey.com/olap) by independent analyst Nigel Pendse. The annual BPM Partners "Beyond the Hype" Webcast (http://www.bpmpartners.com/events_webinars.shtml) named Applix the 2004 leader in the tools category and in 2005 recognized that Applix customers had the highest level of satisfaction of any of the leading BPM solutions, suites, tools and vendors. Customers using TM1-based applications have won industry awards from several leading publications, including Start Magazine and Business Finance Magazine.

Applix also offers TM1 Planning Manager to provide workflow and compliance capabilities for all TM1-based applications and TM1 Web(TM), a Web-enabled front end for global and remote read/write capabilities of BI and BPM applications.

About Applix

Applix (Nasdaq: APLX) is a global provider of Business Performance Management and Business Intelligence solutions. These solutions, based on Applix's TM1 analytics platform, enable the continuous planning, management and monitoring of performance across the financial and operational functions within the enterprise. Applix is a founder of the BPM Standards Group (http://www.bpmstandardsgroup.org), and has been recognized by numerous industry analyst groups for its technical leadership and vision in the marketplace.

More than 2,000 customers worldwide use TM1 for its tight integration with Excel, real-time response, adaptability, and low total cost of ownership. Delivered by Applix and by a global network of partners, TM1-based solutions help customers manage their business performance and respond to the marketplace in real time. Headquartered in Westborough, MA, Applix maintains offices in four countries in Europe, North America and the Pacific Rim. For more information about Applix, please visit http://www.applix.com.

This news release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements in this document are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements concerning future plans or results are only estimates and actual results could differ materially from expectations. Certain factors that could cause or contribute to such differences include without limitation, competitive pressures, changes in customer demands, adverse economic conditions, loss of key personnel, litigation, potential fluctuations in quarterly results, lengthy sales cycles, market acceptance of new or enhanced products and services, factors affecting spending by customers and other risks, uncertainties and factors including those described in the Company's Annual Report on Form 10-K for the year ended December 31, 2004 under the heading "Risk Factors" The forward-looking statements provided by the Company in this press release represent the Company's views as of the date of this release. The Company anticipates that subsequent events and developments may cause the Company's views to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so, and these forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of this release.

Applix and TM1 are registered trademarks of Applix, Inc. TM1 Web, TM1 Planning Manager and TM1 Financial Consolidations are trademarks of Applix, Inc. All other trademarks and company names mentioned are the property of their respective owners.



Charlotte Locke
(508) 870-0300 x244
clocke@applix.com

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