Tenrox Project Workforce Management: First Solution to Combine Project and Workforce Management with Built-in Financial Integration

Market Wire, September, 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.