Tenrox provides powerful and intuitive project workforce management software that immediately facilitates compliance to the following regulations, guidelines and standards.
The Defense Contract Audit Agency reviews US Department of Defense (Dod) contracts with “cost-plus” or other cost reimbursement provisions. The DCAA audits the contractor's project accounting systems and their compliance with cost accounting standards and guidelines. At any time, the DCAA can audit the contractor's internal control systems, including timekeeping and cost reporting. DCAA guidelines are also used as the standard for monitoring and auditing all government contracts and service providers. (click here for more information)
Sarbanes Oxley Effective Internal Controls
The Sarbanes-Oxley law (also known as SOX or Sarbox) has made corporate governance a mandatory element of financial reporting, operational control and the daily running of a publicly traded company
in the United States. Furthermore, institutional investors are creating significant pressure for privately held companies to comply with Sarbanes-Oxley. (click here for more information)
Labor Compliance Family and Medical Leave Act (FMLA)
The Family and Medical Leave Act (FMLA) is a federal law that provides unpaid, job-protected leave to eligible employees, both male and female, in order to care for their families or themselves for specified family and medical conditions.
Fair Labor Standards Act (FLSA)
FLSA establishes minimum wage, overtime pay, recordkeeping,
and child labor standards affecting full-time and part-time workers in the private sector and in Federal, State, and local governments. Covered nonexempt workers are entitled to a minimum wage of not less than $5.15 an hour. Overtime pay at a rate of not less than one
and one-half times their regular rates of pay is required after 40 hours of work in a workweek.
European Working Time Directive (EWTD)
A directive from the Council of the European Union (93/104/EC) to protect the health and safety of workers in the European Union. It lays down minimum requirements in relation to working hours, rest
periods, annual leave and working arrangements for night workers.
The Directive was enacted in UK law as the Working Time Regulations, which took effect from 1 October 1998.
California Wage Laws
Were established to improve working conditions for California's wage earners, and to advance opportunities for profitable employment in California. (click here for more information)
Generally Accepted Accounting Principles (GAAP) Revenue recognition
The common set of accounting principles, standards and procedures that companies use to compile their financial statements. GAAP are a combination of authoritative standards (set by policy boards) and simply the commonly accepted ways of recording and reporting accounting information.
United States' per diem (FAR) regulations
Defines per diem, travel & transportation rates by State for all government contract work. Some service organizations use the
same rates/policy for billing customers.
Expensing or capitalizing software costs (SOP 98)
Statement of Position 98-1, Accounting for the Costs of Computer Software Developed or Obtained for Internal Use (SOP), was issued
in 1998. SOP 98-1 establishes guidance on accounting for the
costs incurred related to internal software development and use.
The objective is to provide guidance that specifically addresses the accounting for the costs related to designing, developing, obtaining, modifying and/or implementing software for internal use.
Scientific Research and Experimental Development (SR&ED) Tax Incentive Program
To encourage innovation and stimulate R&D activity in Canada, the Canada Revenue Agency (CRA) provides the Scientific Research
and Exploratory Development (SR&ED) program. This program offers significant investment tax credits to businesses of any size and in
any sector who develop new, improved, or technologically advanced products or processes within Canada. (click here for more information)
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See What's New in Tenrox “Summer Heat 2009” Powerful On-Demand Project Management Software for Effective Project Accounting
"Tenrox also offers a lot of functionality without unnecessary system complexity. In addition, the software's modular approach will enable us to add on capabilities as our needs evolve including, for instance, integration with Microsoft Project and SharePoint once these systems are deployed."
Molly F.
VP of Application Development
U.S. Foodservices
Tenrox web based enterprise project management software is a modular solution that helps simplify your, project planning, project tracking, project accounting, expense tracking, enterprise resource / capacity planning, and time and billing.
Traditional project planning and project management software tools put the burden of creating and updating project plans on the managers shoulders. Tenrox makes your project planning and management quicker and easier by using simple and effective workflow tools to help you get the job done quicker and easier.
Our online business project planning and project accounting system is workflow-driven and replaces the spreadsheets and band-aid applications that leave your project-driven work force and processes disconnected. With work breakdown structures to mirror the way you do business, Tenrox allows you to easily map your projects to your corporate structures: Capture and track project data at any level of detail, mirror every business operation area with distinct functional and approval hierarchies, and summarize or drill down into your project workforce financials. Tenrox is the perfect online enterprise project management software solution to align your projects and workforce with your business goals.
With online project management tools by Tenrox, you obtain real-time information on costs, expenses, revenue, profits, project status, schedules and issues, ensuring successful project management planning and delivery. Tenrox Project Workforce Management Software meets the needs of both service organizations for professional services automation and for internal project management offices so you can manage and view both process and financial impact in real time.
