Accounting and Financial Software
Software combines project/workforce and financial management.
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Press Release Summary:
Available on-demand or on-premise, workflow-driven Project Workforce Management v9 links back-office systems processes with project/workforce and financial management. Modular solution, suited for real-time management, benefits companies with decentralized workforce who need to manage resource groups and projects as well as measure their financial impact on organization. Release includes Collaborative Workforce Planning module, standardization capabilities, and .NET architecture.
Original Press Release:
Tenrox Project Workforce Management: First Solution to Combine Project and Workforce Management with Built-in Financial Integration
Pasadena, CA- September 25, 2006 - Tenrox today announced the availability of Release 9 of its workflow-driven Project Workforce Management software-a modular solution for managing the project workforce in real-time. Release 9 is the industry's first, single solution that bridges the gap between the project workforce and back-office systems by linking process with project/workforce and financial management. Available on-demand or on-premise, Release 9 is ideal for companies with a decentralized workforce who need to manage resource groups, projects and measure their financial impact on the organization, in real-time. The release includes key enhancements such as a new Collaborative Workforce Planning module that enables organizations to align shifts in demand with the current available pool of human capital.
Tenrox's Project Workforce Management solution enables organizations to:
Manage resources and projects, and account for costs, revenue, differentiated time and expenses
Standardize key processes that drive the project workforce; quickly make process changes without downtime through a unique graphical workflow interface
Eliminate spreadsheets and other internally developed solutions now used to combine project, workforce and back office systems
"Every organization must focus all of its resources and efforts on its core competencies," said Rudolf Melik, CEO of Tenrox. "Spreadsheets or custom built in-house applications cobbled around back office systems are a high risk and costly distraction and do not address the needs of the project workforce. Tenrox Release 9's workflow foundation provides the implementation flexibility, automatic policy enforcement, point of entry controls and auditing capabilities organizations need to adapt quickly in a highly competitive environment, while remaining in compliance with labor laws, corporate governance regulations, and generally accepted accounting principles for cost and revenue reporting. "
Key highlights of Release 9 include:
Collaborative Workforce Planning Helps Organizations Gain a Market Advantage
Tenrox's collaborative workforce planning technology enables project-driven organizations to allocate, manage and forecast critical human capital from a strategic perspective across the enterprise ensuring long-term capacity and demand planning; manage skills, interests and availability.
Unlike CRM, project management and human resources systems that each respectively define the customer, project and talent (employee) as the 'system of record', Tenrox Project Workforce Management links all three to create a global system of record enabling an organization to see the entire talent base as a 'shared project workforce'. Employees, customers and projects across lines of business can be interrelated so that skills can be transferred and human capital redeployed in ways that benefit the organization as a whole. By integrating workforce and project information with processes from across the enterprise, organizations gain a global strategic insight that leads to better and faster business decisions.
New User Interface Increases Efficiency, Reduces Training Time & Costs
Release 9's user interface has been redesigned to include a new menu and navigation system enabling users to access information more intuitively and with fewer steps. Entry and management pages have been optimized for mid to large sized deployments reducing load and update times by 15 to 30%.
Dashboard Platform Incorporates .NET 2.0 Architecture
Tenrox's Release 9 dashboards now take advantage of the .NET 2.0 Web part architecture enabling users to summarize, consolidate and view data from other .NET-based applications from their Tenrox dashboards. Tenrox Web parts can be used in dashboards or SharePoint portals. Users can also develop their own .NET 2.0 Web parts and include them as part of any Tenrox dashboard.
New Navigator Self-Guide Tool Ideal for New Users
The Tenrox Navigator displays a visual guide explaining where to start and how to perform actions such as approving timesheets and expense reports, creating project invoices or setting up work and project breakdown structures.
Other key enhancements to Release 9 include:
Milestone and recurring billing - enables client billings per project based on dates and/or the completion of predefined milestones in a project's lifecycle
Invoice Report Template - enables users to select a default invoice report template for new customers, select an alternate template for a specific customer, and change the default template during the invoice generation process
Compliance Reports have been added to the Reports Central to flag potential errors, fraud and compliance issues in timesheet and expense reporting within the organization
Financial Integration Enhancements - multi-company and credit note support is now supported for Sage, ACCPAC & Great Plains (also known as Microsoft Dynamics GP) integrations
Pricing and Availability
Tenrox Project Workforce Management is now shipping and is available directly from Tenrox or through the company's global reseller and partner channel. The product is modular with pricing starting at $100 USD per module per seat. A hosted version is available from $10 USD per user per month. Volume discounts and enterprise-licensing agreements are also available. Tenrox offers add-on products and special out-of-the-box connectors to financial applications such as ACCPAC, ADP, QuickBooks, Great Plains, Navision, PeopleSoft, Oracle and SAP, to project management software such as Microsoft Project and to CRM applications such as salesforce.com and Microsoft CRM.
About Tenrox
Tenrox makes it possible to manage today's decentralized project workforce in real-time. Its modular solution combines project/workforce management and financials, to replace the spreadsheets and internally developed systems companies currently use for cost and revenue planning, tracking and management reporting.
The Tenrox system, available on-demand or on-premise, is based on a unique graphical workflow engine, which makes it simple to configure and change. Integration with leading financial systems is built-in. Tenrox empowers the project workforce locally and provides total visibility globally.
Since 1995, Tenrox has served over 800 organizations in 50 countries including Blue Cross Blue Shield, Caterpillar, Corning Cable Systems, Fireman's Fund Insurance, Wilmington Trust, First National Bank, Hydro Quebec, Invensys, Major Drilling, Pioneer Natural Resources, State of Wyoming, The Pentagon, University of Michigan, Fisher Scientific, Merck, and Wyeth. Tenrox software is available through direct sales channels and a network of worldwide resellers and partners.
For more information, visit www.tenrox.com, call (626) 796-6640 or email us at publicrelations@tenrox.com.
