Press Releases

New Survey Reveals Insights into Driving Performance and Profitability of Professional Services

Tenrox Presents Research from Leading Industry Analyst David Hofferberth on PS Industry Management of Service Delivery and the Project-Driven Workforce, and Optimization of Core Business Processes

Pasadena, California - July 10, 2007

Tenrox, the leading provider of workflow-driven Project Workforce Management solutions, today announced it will sponsor a July 17 webinar featuring David Hofferberth, managing director of Services Performance Insight, that will review the results from a survey of professional services organization (PSO) executives conducted earlier this year.

Based on input from more than 80 senior-level PS executive members of PSVillage (www.psvillage.com), an industry-leading collaborative portal for PSOs, the survey report details results achieved by those organizations that implemented software solutions to help manage service delivery, the project-driven workforce and to optimize core business processes.

During the one-hour webinar, Hofferberth will detail how PSOs:

• improved project collaboration and resource utilization by nine percent;
• increased service quality, project execution and delivery
  by five ½ percent;
• decreased revenue leakage by nearly fifty percent;
• reduced days sales outstanding; and
• empowered decision makers with improved internal and external visibility, and operational efficiency.

The webinar will also feature a live demonstration of Tenrox Project Workforce Management, a solution that helps professional services organization assume similar results and improve their bottom line.

“By sponsoring this webinar, Tenrox recognizes the importance of making this valuable information available to the PS community, and helping to spread the word that executives in PSOs are realizing how these types of project workforce solutions are becoming mission critical to streamlining their projects and efficiently mobilizing their workforce to resulting bottom line revenue increase and client satisfaction,” said Hofferberth.

About the Webinar:

Title: “Drive Performance and Profitability In Professional Services Organizations” This webinar will consist of a 50-minute presentation followed by 10-minute question-and-answer period with David Hofferberth and Tenrox experts.
Date: Tuesday, July 17, 2007
Time: 1 p.m. Eastern/10 a.m. Pacific
Who Should Attend: Chief Executive Officers (CEO), Chief Financial Officers, (CFO), Chief Operating Officers (COO), Chief Information Officers (CIO), Directors of Finance, Directors of Project Management Offices, Directors of Professional Services, Billing Managers and all other levels of management with project accounting and project management responsibilities.

About David Hofferberth and Services Performance Insight

Service Performance Insight's principal, David Hofferberth, P.E. has over 20 years experience in the information technology industry and has been involved with solutions for the professional services sector for almost a decade. Hofferberth researches market trends associated with services organizations and the market positions and solutions offerings for that industry. He interprets current market dynamics and offers insight into future market directions. Through his research findings, Hofferberth has advised over 100 Independent Software Vendors (ISVs), and he has also consulted with Professional Services Organizations and financial institutions on the benefits of optimizing organizational performance.

About Tenrox

Tenrox cloud-based project management software solutions empower our users to meet the challenges of globalization, enterprise fragmentation, and increased regulatory scrutiny. Available on-demand or on-premise, Tenrox solutions are both ISO 27001 and SAS 70 certified serving more than 800 organisations in 50 countries, maximizing project and resource management efficiency, data security, and reliability.  Since 1995, Tenrox has been offering its project management software tools to clients such as GE Infrastructure-GE Fanuc, Rio Tinto Alcan, E*TRADE Financial Corp, Blue Cross Blue Shield NC. Alstom, IBM, SNC Lavalin, Hydro Quebec, Pioneer Natural Resources, Westinghouse Rail Systems, SAS, Thales, US Army, The Pentagon, Talisman Energy, Oxfam, Thermo Fisher Scientific, Estee Lauder, and Wyeth. Tenrox project management 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
450-686-7365
publicrelations@tenrox.com

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