Press Release

Optimization Software To The Rescue

Tenrox Launches Tenrox PSA 6.5, A Workflow-based Enterprise Optimization Software For Project And Service Oriented Organizations
Montreal – August 14, 2001

Tenrox, The Enterprise Optimization Company, today launched Tenrox PSA 6.5, an enterprise-wide best of breed solution that automates and streamlines business processes for project or service oriented organizations. Tenrox PSA is a completely integrated Web-based solution that empowers organization to optimally manage projects, employees, time and ultimately, the bottom line. Tenrox PSA enables the organizations to radically improve project visibility and helps to prevent budget overruns and project scope creep.

The latest version includes major enhancements to every component and also introduces a completely workflow based approach for process management that enables managers and executives to gain fast and clear insight into their organization's performance, outstanding issues and outlook. Some of the major improvements include:

• Customizable workflow engine (including pre-canned workflows for opportunity and proposal management, training and HR, problem and request tracking, knowledge base, suggestion, testimonial, RFI processing)
• Purchasing and requisitioning workflows (including pre-canned workflows for IT, Department, Team, Corporate, Staffing and Travel purchases)
• Work in Progress and revenue recognition policy and reports
• Real-time profit/loss reports
• Cost and revenue project accounting
• Requisition and Purchase Order processing system
• Document management (documents can be attached to groups, users, clients, contracts, projects, activities, tasks, timesheets, time entries, expense reports, expense entries, purchase orders, purchase order entries and more)
• Standard documents, templates, forms and online request processing
• Two new timesheet views
• Two new expense report views and offline expense entry
• Customizable user, manager and executive home views
• Seamless data integration with Great Plains, ACCPAC and Sun Systems accounting software

Tenrox PSA streamlines business processes such as resource and project management, timesheet and expense reports, request and change management, customizable workflows, business intelligence reporting and purchasing. Tenrox PSA is an intuitive solution that incorporates best practice functionality with straightforward deployment consequently ensuring a fast ROI.

"We are using Tenrox PSA to enable a matrix organization within our company. People from various departments form a team on a specific project and allocate their time and associated costs (T&E, purchase order) to it" said Guy Mounier, Manager of eBusiness solutions at Trigen Energy Corp. "We then use OLAP reporting engine with the cost & billing rules to link and track actual costs, and analyze performance by comparing the actual costs to budget."

"Tenrox PSA 6.5 has redefined enterprise optimization software by introducing a workflow base approach to managing each and every process within an organization." said Ludwig Melik VP Sales & Marketing. "Our customer and partner feedback has been incredible. Since its first introduction two years ago, Tenrox PSA which was recently recognized by Microsoft as the Solution of the Year, has proven to have the quickest time to ROI and represents the best overall value in the market today."

About Tenrox

Tenrox empowers client companies to meet the challenges of globalization, enterprise fragmentation and increased regulatory scrutiny. Available on-demand or on-premise, Tenrox project workforce management solutions have served more than 800 organizations in 50 countries, maximizing efficiency, data security and reliability. Since 1995, Tenrox has served organizations such as Rio Tinto Alcan, E*TRADE Securities , First National Bank, Visa, Hydro Quebec, Invensys Systems Canada, Major Drilling, Pioneer Natural Resources, US Army, The Pentagon, Talisman Energy, University of Michigan, Northrop Grumman, Oxfam, Thermo Fisher Scientific, Estee Lauder and Wyeth. Tenrox 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
877-483-6769 Ext. 4603
publicrelations@tenrox.com

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