A common real-time perspective for all decision-makers, replacing “piecemeal” spreadsheets and internal patchwork solutions
Real-time views of projects, resource groups, progress, issues, revenue, costs
Accurate decisions based on real-time information, not after the fact
View of global "shared workforce" to match up talent, availability, needs
Advantages for all project-oriented companies:
“While only a short while ago just 10% of an enterprise's work was formed around collaborative projects and differentiated time, today about 40% is, and experts expect this to climb to 70% three years from now.”
See “Rise of the Project Workforce” White Paper.
Facilitate real-time communication and decision-making for executives and project members
Cut time and expense tracking costs by 40% to 90%
Implement consistent project execution
Comply with labor and industry regulations
Improve project visibility, workforce productivity and operational effectiveness
Advantages for professional services organizations or business units:
"Resource utilization is on average 65%, indicating approximately a 35% resource underutilization including administrative and unproductive tasks, which do not directly benefit the organization” (Source: Forrester Research)
Cutting just $1 of operational costs could have the same impact as increasing revenue by $13." (Source: CFO Magazine)
Improve resource utilization; reduce bench time (def.) and resource gaps
Control fixed bid projects and employee-related expenditures
Decrease the invoicing cycle by an average of five days
Increase billable hours by reducing administrative overhead
Increase control over billable work and employee-related expenditures
Advantages for internal, shared service or IT departments:
“Outright failures of projects have declined from 40% to 23% during the past five years, but challenged projects swelled from 33% to 49% in the same period. That's bad because challenged projects often are more painful than projects that simply fail. And they are often just failures-in-waiting, dallying dismally until the patience (or the money) for getting them right runs out.” (Source: - CIO Magazine)
Prevent budget overruns and scope creep
Improve capacity planning and reduce resource gaps
Automate and standardize internal business processes for increased efficiency
and cost savings
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Recording
See What's New in Tenrox “Summer Heat 2009” Powerful On-Demand Project Management Software for Effective Project Accounting
"Following a careful evaluation of four other solutions, Tenrox emerged as the most cost-effective in terms of price versus capabilities. More importantly, it satisfied our primary criteria as a 100% Web-based solution that seamlessly integrates with our project management payroll and accounting systems, including Great Plains."
Howard H .
Chief Financial Ofice
Emerging Solutions
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.
