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“All of our employees use Tenrox, whether they work as consultants, project managers, subcontractors, admin or sales staff. We have been pleasantly surprised by the rate of adoption, finding that most staff need only a few hours training and are then able to perform all of the functions that they need to on daily basis….We continually receive return on this investment, at the beginning we were able to reduce our invoicing time from two days per week to two hours per week, but even a few years into this system we find that we are still reaping the benefits of a well supported PSA.”
Kate Watson, CMA
Candlewest
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News and Views
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Tenrox Sponsors the 2010 PS Maturity Benchmark Study
by SPI Research
Tenrox is proud to be a sponsor of the 2010 PS Maturity benchmark because we believe the best way to help our clients deliver superior results is to provide actionable insights and a comprehensive benchmark of key performance metrics.
See how your professional services organization stacks up!
Complete the PS Survey and get the $995 Benchmark Report at No Charge!
Localism – There’s No Place Like Home
A great article by Newsweek magazine
(http://www.newsweek.com/id/217029/page/1) on the trend towards staying local. Here are some of the key takeaways:
Perhaps nothing will be as surprising about 21st-century America as its settledness.
Yet in reality Americans actually are becoming less nomadic. As recently as the 1970s as many as one in five people moved annually; by 2006, long before the current recession took hold, that number was 14 percent, the lowest rate since the census starting following movement in 1940. Since then tougher times have accelerated these trends, in large part because opportunities to sell houses and find new employment have dried up.
Read Complete Story Here
Rudolf Melik
CEO of Tenrox
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Tenrox Webinars
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Salesforce.com and Tenrox
- Connect your Sales Force and Project Delivery Teams
Wednesday, November 18, 2009 at 2 pm, 2009 Eastern / 11am Pacific
Missed a webinar?
See What's New in Tenrox “Summer Heat 2009”
- Powerful On-Demand Project Management Software for Effective Project Accounting (38 minutes)
Practical Resource Management by Gartner and Tenrox
- A top-down, bottom-up approach for increasing project results (61 minutes)
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Upcoming Events
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Registration is Now Open!
Project Workforce 2010 - Tenrox Virtual User Conference
Register Today – Space is Limited!
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Tenrox In The News
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News
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Experts Corner
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Can you provide a description of the database management system utilized by Tenrox?
Tenrox leverages Microsoft SQL Server. By supporting a single database system we are able to take full advantage of the database engine's capabilities for maintaining data integrity, optimizing performance, implementing a flexible security model as well as easy for being a cost-effective reporting and analytics tool.
We have different types of projects; some are time and material, some are fixed bid, some are milestone-based; and some are a mix. How do you handle revenue recognition in such cases?
Tenrox provides a Revenue Recognition module that enables you to setup default policies globally and as necessary override the policy at the project level. Revenue recognition policies include Percent Complete, Time and Material, and Fixed Bid projects. Work In Progress (WIP) accrual manager calculates the revenue to be recognized, and the appropriate general ledger transactions are auto generated and can be posted to your accounting system. Every project can only have one revenue recognition policy. If a project starts as one type (example a project that starts as time and material ) and then changes into another (example fixed price), it can be tracked using sub-projects.
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Resource Center
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White Papers :
The Truth About On-Demand Enterprise Applications: The Sooner You Transition From On-Premises Software The Better
In the never-ending pursuit of increased agility, flexibility and versatility, more and more companies are relying on consultants and project-driven staffing to respond to the demands of the marketplace. It’s the reason companies like yours have turned to Tenrox to help manage the many challenges that come with even the most successful project planning and project workforce strategies.
Tenrox Reviews:
Project Management 101
Rudolf Melik, co-founder and CEO of Tenrox, an international project management software and workforce management solutions company headquartered in Glendale, Calif., describes the two approaches that his firm applies in a preemptive effort to control scope creep: the waterfall method, in which requirements are defined at the outset with the understanding that if a change is requested, there is a chance that the schedule and budget will be modified; and the agile method, in which a set number of days are allocated to the project, along with a list of prioritized goals.
By Carolyn Heinze, eChannelLine – Daily Channel News
Review of Tenrox Project Workforce Management
“Tenrox Project Workforce Management software streamlines project management, optimizes resource management, automates time and expenses tracking. It also accounts for cost and revenues related to projects and does project planning with the application of workforce management."
By Preetam Kaushik, Bright Hub
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For more up-to-date news, please visit our website at www.tenrox.com
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