Press Releases

DCAA Compliance Made Easy With Tenrox Project Workforce Management

Regent Systems Inc. Improves Productivity, Efficiency and Audit Controls Using Tenrox

Pasadena, California - August 14, 2007

Tenrox, the leading provider of workflow-driven Project Workforce Management solutions, announced the successful deployment of an integrated cost and revenue accounting solution for Regent Systems that has resulted in long-term bottom-line and strategic benefits for the growing government IT consulting firm.

For the past 14 months, Regent Systems has relied on Tenrox's Project Workforce Management – Cost and Revenue Accounting module. The Cost and Revenue module helps measure workforce productivity and project profitability, while providing fully audited cost and revenue overviews in real-time. It also automates billing or charge backs based on organizational or project breakdown structures.

Tenrox solutions meet a range of compliance needs, including the Project Cost Accounting guidelines from the Defense Contract Audit Agency (DCAA), which are used as the standard for monitoring and auditing all government contracts and service providers.   DCAA compliance was a key factor in Regent's selection of Tenrox.

“Our in-house process for tracking time and project billing just didn’t have the accounting controls we needed,” said Carla Jones, chief accountant for Regent Systems. “With audit concerns always being top of mind, it became more necessary than ever that we needed a better solution − not just a technology, but a truly integrated system − that would keep pace with our company's growth.”

“After conducting our due diligence and reviewing four other solutions, Tenrox clearly demonstrated the ability to implement an integrated project cost and revenue accounting system for our company that would actually work,” she said.

The Tenrox Project Workforce Management solution easily addressed Regent Systems' immediate requirements that involved its ongoing need to administer and track:

• Manager-employee notification;
• Vacation and Personal Time Off (PTO);
• Cost and billing;
• Hours used versus hours available;
• Contract modifications; and - Workforce availability.

“There were so many ways of doing things that it made us really stop and think about our operations and accounting as a whole, and how we could work so much more efficiently,” said Jones.

Webinar

Regent Systems' Tenrox deployment will be the subject of an upcoming Client Success Study webinar:

Title: “Government Consulting Firm Sails Through DCAA Audit using Tenrox”
Presented by: Carla Jones, Chief Accountant, Regent Systems
Date: Tuesday, August 21, 2007
Time: 1 p.m. Eastern/10 a.m. Pacific
Who Should Attend: Government Agency Managers, 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 Tenrox

Tenrox is the only true workflow-driven project and service delivery solution for today’s globally dispersed project workforce. Tenrox Cloud PSA and Cloud PPM solutions are best of breed browser independent offerings built on the Microsoft platform. Tenrox’s intuitive user interface, easy to configure options, and quick connect technology simplify deployment, accelerate user adoption and make project workforce management fun. We have been around for 15 years and counting; growing profitably. Our field tested experience, deep integration expertise and commitment to a best of breed cloud-based strategy mean you get the best project and service delivery solution there is from a best of breed vendor solely focused on innovating; providing you with advanced functionality and a seamlessly integrated project portfolio management and professional services automation solution. Tenrox is big enough to be dependable, fast and innovative but small enough to actually listen to you.

Since 1995, Tenrox solutions have served more than 800 organizations in 50 countries such as: IBM, General Electric, US Army, The Pentagon, Port of Long Beach, Talisman Energy, ConocoPhillips, Eaton, Pioneer Natural Resources, Invensys Rail Systems, SNC Lavalin, Hydro Quebec, JDA Software, Guidance Software, SAS, SAP, Alstom, Thales, Amphenol, Rio Tinto Alcan, Abbott, PharmaNet, Telus, Alcatel Lucent, Yellow Pages Group, Corning, Family Health International, Oxfam, Estee Lauder, Willis Group Holdings, E*TRADE Financial Corp, and Butler University.

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 http://www.tenrox.com

Media Contact:
Marie Melchiorre
Tenrox Public Relations
450-686-7365
publicrelations@tenrox.com

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