Business Engine Wins 'Best IT Budget Management Solution' Award For Flagship Application Deployed At Merrill Lynch, Winning 'Best Implementation Of IT Budgets' Award At Budget Masters 2002 Conference

Business Engine, the leading provider of enterprise service automation software applications, won the award for 'Best IT Budget Management Solution' today, at the Budget Masters 2002 conference's 'excellence in budgeting' awards ceremony in Las Vegas, Nevada. The Budget Masters 2002 conference studies best practices and software solutions for financial reorganization within a corporation. Fellow award winners include AT&T, Lockheed Martin Corporation and Business Engine's customer Merrill Lynch, which won 'Best Implementation of IT Budgets' as a result of its work with Business Engine's flagship product, The Business Engine Network(TM) (The BEN(TM)).

"It's high time someone recognized the creation of wealth and value that these corporate luminaries contribute to the American economy," said WillCo Founder, William Rea Lalli, CPA, AICPA veteran.

"We're very pleased to join peers and customers like Merrill Lynch in winning this award," said John O'Neil, CEO of Business Engine. "As CFOs and CIOs search for ways to control tight technology budgets, the ability to leverage a single solution for active financial planning is key."

At the conference, Marvin Balliet, CFO of Merrill Lynch's Global Technology & Services group, will present a case study on 'Budgeting for Profitability'. The session will address how Merrill Lynch has successfully implemented integrated enterprise budget management tools, such as The Business Engine Network, to leverage IT investments and reduce the time and cost associated with building and re-planning budgets.

The Business Engine Network is an integrated Web-based software solution that enables managers of project-based organizations including internal IT, engineering, and R&D groups, to continually balance their portfolio of assets - people, time and money - against value, risk and cost.

Featuring financial thought leaders from various industries, Budget Masters 2002's goal is to help corporations learn how to more efficiently manage their overall budgeting processes. For more information, or to register for the Budget Masters 2002 conference, contact 1 888-7WILLCO. For Marvin Balliet's presentation, please contact Trudy Montgomery, Business Engine's corporate communications director at trudy.montgomery@businessengine.com.

About Business Engine

Since 1987, Business Engine has been delivering project, resource and financial management solutions to project-driven companies throughout North America and Europe. Global 2000 financial services, pharmaceutical, and other IT and R&D organizations are using Business Engine products, including The Business Engine Network (TM) (The BEN(TM)), to operate 10-20% more efficiently by improving the effective management of their global projects, initiatives and budgets, and the utilization of their internal and external resources. Business Engine is headquartered in San Francisco, California, and has offices throughout the United States, Belgium, England and India. Privately held, key investors in Business Engine include Broadview Capital Partners, Morgan Stanley Dean Witter, Oak Investment Partners, DB Capital Partners and NSE Ventures. For more information, please visit www.businessengine.com.