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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, CA -- 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 1/2 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
Register: http://www.tenrox.com/webinars/webinars.asp?T=ProfSrvOrg
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 makes it possible to manage today's decentralized project workforce in real time. Its modular solution combines project and workforce management with financials, to replace the spreadsheets and internally developed systems that companies currently use for cost and revenue planning, tracking and management reporting.
The Tenrox system, available on-demand or on-premise, is based on a unique graphical workflow engine, which makes it simple to configure and change. Integration with leading financial systems is built in. Tenrox's on-demand software has earned an unqualified SAS 70 Type II certification, ensuring maximum data security, reliability, and scalability for our hosted customers. Tenrox empowers the project workforce locally and provides total visibility globally.
Since 1995, Tenrox has served more than 800 organizations around the world, including Blue Cross Blue Shield, Caterpillar, Corning Cable Systems, First National Bank, Hydro Quebec, Invensys, Major Drilling, Pioneer Natural Resources, State of Wyoming, The Pentagon, University of Michigan, Fisher Scientific, and Wyeth. Tenrox software is available through direct sales channels and a network of worldwide partners. For more information please visit us at www.tenrox.com, or call 1-877-4-TENROX, or send an email to publicrelations@tenrox.com.
Product or service names mentioned herein are the trademarks of their respective owners.
Contact:
Madison Alexander PR, Inc. for Tenrox
Dan Chmielewski, 714-832-8716
dchm@madisonalexanderpr.com
or
Paula Brici, 949-677-6527
paula@madisonalexanderpr.com
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