Press Release

Tenrox PSA Receives Highest Rating In PSA Round Up Review By CRN
Montreal – July 16, 2001

Tenrox is pleased to announce that it received the best rating for its PSA solution Tenrox PSA. In this roundup review CRN Test Center invited five major Professional Services Automation (PSA) vendors to participate. Including among the test group were: Tenrox, Business Engine Network, ChangePoint, QuickArrow and ProjectArena.

The vendors were selected to represent a spectrum of solutions and four PSA features were evaluated: project management, resource management, product integration, and reporting capabilities.

"Tenrox PSA's rate and billing modules were the most flexible of all the vendors examined in this roundup" said Mario Morejon

Project management had to include project-tracking capabilities, integration with a known project management software package, and budgetary and expenditure settings. Resource management features were evaluated based on ease of use and how much background information could be gathered on individuals. Since project managers make hiring decisions, particular attention was paid to search criteria and resource mini-resumes. More importantly, work history was a key factor. Various notifications also had to be in place to automate the whole process. All vendors had to incorporate an open API for product integration. Specialists conducted a feature review and evaluated different levels of integration based solely on that survey. The PSA solutions needed to interface with one or multiple third-party accounting, payroll, ERP, CRM and SFA systems. Project metrics and reporting were reviewed. Analytical data representation and flexible reporting engines were key factors in differentiating the vendors.

"The competition is fierce in the PSA industry. Nevertheless Tenrox PSA clearly stands apart from other solutions that do not excel in the main areas of what a PSA solution is meant to streamline and automate for customers" said Ludwig Melik VP Sales & Marketing "We will continue to work with our customers and partners to ensure that Tenrox PSA meets their growing challenges and ensure that our quick time to ROI is never compromised."

"Tenrox PSA 6.5 goes well beyond project management by adding an invoicing engine, workflow engine, purchase module, and even technical support and problem tracking after project completion." said Mario Morejon "Tenrox PSA maintains budgeting at the billing, cost and time levels. When developing a budget, managers can determine revenue by comparing each of those levels. Tenrox PSA also allows splitting billing across multiple clients. For currency exchange rates, Tenrox PSA links to data provided by Yahoo."

Tenrox PSA is an award winning enterprise-wide solution that automates and streamlines business processes for project or service oriented organizations. Tenrox PSA is a completely integrated Web-based solution that empowers your enterprise to efficiently and effortlessly manage your projects, your employees, your time and ultimately, your bottom line. Tenrox PSA streamlines business processes such as Operations. Resource and Project management, Timesheets and Expense Reports, Request and Change management, Workflows, Reporting, Business Intelligence and Purchasing. Tenrox PSA is an intuitive solution that is deep in functionality, straightforward to deploy and ensures increased ROI. Tenrox PSA provides an integrated approach to maximizing project and service efficiencies.

About Tenrox

Tenrox empowers client companies to meet the challenges of globalization, enterprise fragmentation and increased regulatory scrutiny. Available on-demand or on-premises, Tenrox solutions have served more than 800 organizations in 50 countries, maximizing efficiency, data security and reliability. Since 1995, Tenrox has served organizations such as Rio Tinto Alcan, E*TRADE Securities , First National Bank, Visa, Hydro Quebec, Invensys Systems Canada, Major Drilling, Pioneer Natural Resources, US Army, The Pentagon, Talisman Energy, University of Michigan, Northrop Grumman, Oxfam, Thermo Fisher Scientific, Estee Lauder and Wyeth. Tenrox software is available through direct sales channels and a network of worldwide partners. For more information about the company or its award-winning family of products, go to www.tenrox.com.

Media Contact:
Marie Melchiorre
Tenrox Public Relations
877-483-6769 Ext. 4603
publicrelations@tenrox.com

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