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Press Release

Tenrox Workforce Management Solution to Relieve Strain on Heritage Auctions' Internal IT Resources
Pasadena, California – June 13, 2006

Tenrox-the leading provider of workflow-driven timesheet solutions-announces that Dallas-based Heritage Auctions has purchased Tenrox Timesheet for Time & Labor to track work and non-work hours of the Auctions' 300 employees. Tenrox Timesheet will replace Heritage Auctions' current in-house developed time and attendance solution, which has become outdated and increasingly costly to support and maintain using internal resources.

Along with the increasing support and maintenance costs, Heritage Auctions' in-house solution has become inadequate in scaling to accommodate Heritage Auctions' current and anticipated growth rate. In addition, the solution was not fully integrated with Auctions' current payroll system requiring the manual transfer of payroll data from one application to the other. With Auctions' growing number of non-exempt employees, this process has become more difficult and costly to manage.

"We've reached a point in Heritage Auctions' growth and evolution where relying on an in-house time and attendance solution is no longer an economical or viable alternative," said Devin Smith, VP of Information Technologies at Heritage Auction. "The Tenrox solution will provide the integration and automation capabilities our current system lacks, as well as the scalability and flexibility to accommodate our growth and unique requirements as an auction gallery. As a fully supported and maintained solution, it will also relieve the strain on our internal IT resources, who can now concentrate on more value-added activities."

Tenrox Timesheet will be integrated with Heritage Auctions' online bar coding system, which is used by employees to log time spent on a number of pre-defined activities such as work time, leave time (vacation, sick leave, etc.), lunch hours, work-related and non-work-related errands, coffee breaks, overtime, and time spent at the gym. The solution will also be integrated with ADP Payroll once Heritage Auctions' has fully migrated to that new system.

Future plans include the addition of the Tenrox workflow module to manage HR processes such as New Hire workflow to identify and streamline various HR, IT, operational and logistical processes involved in setting up a new employee. Heritage Auctions anticipates significant improvements in process execution consistency, and reduction in time and cost of delivering these internal services, which currently take upwards of two to three weeks to complete.

About Heritage Auctions

Heritage Auctions is the world's largest collectibles auctioneer with a reputation for professional business practices and unprecedented knowledge in the field of collectibles. The company's mission is to provide the Internet's most indispensable trading platform and source of information for serious collectors, investors, and dealers.

Established in 1976, Heritage Auctions offers a wide range of Coins, Currency, Comics, Movie Posters, Antiques & Decorative Arts, Fine Art, Sports collectibles, Political Memorabilia, and more. It acquires the most unique items of the highest quality by searching and networking throughout the world with a goal to provide its customers with the largest selection of high-quality collectibles. For more information, visit the company web site at www.heritageauctions.com

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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