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October 19, 2004

China-based Boshi Fund Management to Use Onyx Software to Take Customer Satisfaction to the Next Level
One of China's largest Funds Management Companies invests in Onyx CRM to drive customer-centric strategy

Bellevue, WA - October 19th 2004 - Onyx® Software Corporation today announced Boshi Fund Management Company Ltd ('Boshi'), one of China's largest fund management companies, will use Onyx as its customer relationship management (CRM) solution. Boshi is implementing Onyx CRM to gain a single view of all customer information and interaction history across sales, marketing and service operations.

As a result of tremendous growth, Boshi Fund required more sophisticated CRM functionality than the capabilities of its in-house customer management system. Boshi Fund wanted an enterprise CRM solution that would help enhance the quality of customer service, while enabling increased efficiencies in sales and marketing operations. After reviewing CRM solutions from multiple vendors, Boshi Fund selected Onyx based on expertise in the fund management industry and depth of functionality. Onyx partner North 22 is leading the implementation at Boshi Fund and earlier this year completed an Onyx CRM implementation at China Eagle, another leading fund management firm.

"There's a reason why we were voted the '2004 Best Fund Management Company (China)' by Asian Investor magazine," said Deying Wong, the General Manager of Computer Department of Boshi Fund Management Ltd. "And that reason is service. Service dictates success in our industry and it's what sets us apart. We needed a CRM solution with a proven track record that would enable us to continue providing our clients with the level of service they have come to expect and Onyx completely satisfied our requirements."

A primary goal for Boshi Fund is to expand business opportunities with new clients while continuing to provide additional services to broaden relationships with existing clients. Boshi Fund managers will use Onyx CRM to better capture, integrate and data mine client and prospective client information. Through Onyx, all Boshi Fund employees will have a complete view of every client profile and interaction which will enhance efficiency in communicating with and offering innovative solutions to high net worth clients.

Boshi Fund will use Onyx CRM to:

  • Improve the decision making process through better provision of accurate, timely information
  • Enable multi-dimensional analysis and identification of most valuable customers
  • Increase collaboration between departments to increase customer satisfaction
  • Execute customer-driving marketing to improve the ROI
  • Quantify the sales management process and increase sales effectiveness
  • Enhance employee productivity and implement knowledge management
  • Improve personal and group marketing capability
Onyx is a leading enterprise CRM vendor with a strong presence in the global financial services market, providing solutions for investment management, banking, insurance and specialty finance including Australian banking and insurance giant Suncorp, New Zealand's full-service bank and financial services company ASB Bank Ltd, and RHB Bank in Malaysia. In asset management alone, Onyx counts among its customers four of the top six firms in the world.

About Onyx Software
Onyx Software Corporation (Nasdaq: ONXS), a worldwide leader in delivering successful CRM, offers a fast, cost-effective, easy to use solution that shares critical information among employees, customers and partners through three role-specific, Web services-based portals. The Onyx approach delivers real-world success by aligning CRM technology with business objectives, strategies and processes. Companies rely on Onyx across multiple departments to create a superior customer experience and a profitable bottom line. Onyx serves customers worldwide in a variety of industries, including financial services, healthcare, high technology and the public sector. Customers include Amway, United Kingdom lottery operator Camelot, Delta Dental, Microsoft Corporation, Mellon Financial Corporation, The Regence Group, State Street Corporation and Suncorp. More information can be found at (888) ASK-ONYX or email info@onyx.com.

Forward-Looking Statement
This press release contains forward-looking statements, including statements about the potential benefits of Onyx products. Forward-looking statements are based on the opinions and estimates of management at the time the statements are made and are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements. The words "predict","believe," "expect," "intend," "anticipate," variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. These statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Factors that could affect Onyx's actual results include, but are not limited each customer's implementation of Onyx products, and the "Important Factors That May Affect Our Business, Our Results of Operations and Our Stock Price" described in our quarterly report on form 10-Q for the period ended June 30, 2004. Readers are cautioned not to place undue reliance upon these forward-looking statements that speak only as to the date of this release. Onyx undertakes no obligation to update publicly any forward-looking statements to reflect new information or circumstances after the date of this release or to reflect the occurrence of unanticipated events.

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Onyx is a registered trademark of Onyx Software Corporation in the United States and other countries. Other product or service names mentioned herein are the trademarks of their respective owners.

Contact: Bob Craig
Onyx Software
617-314-6846

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MEDIA CONTACTS
Americas / Corporate Headquarters
Mitch Briggs Public Relations Coordinator
Consona Corporation
Telephone: 317.249.1620
Mobile: 317.829.4210

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Richard Furby
Managing Director, Onyx UK
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Daisuke Sawamura
Director, Professional Services
Telephone: +81 03 5215 7311



Contact: 1.888.ASK.ONYX (1.888.275.6699) or info@onyx.com

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