Tenrox Timesheet for Time & Billing
Tenrox Timesheet for Time & Billing is a 100% Web-based time, expense and billing system. Centralized, audited and automated tracking of billable work, project status and ongoing cost/revenue updates, lets you create and approve timesheets, expense reports, and invoices quickly, thereby reducing the billing cycle and improving cash flow.
Features
- » Automate, track and connect people, project and financial processes, and eliminate spreadsheets and in-house legacy systems to facilitate compliance with corporate governance, employment and accounting regulations
- » Automates timesheet management, expense reporting, and billing and improves cash flow by the reducing the billing cycle
- » Prevents revenue leakage by improving invoicing accuracy
- » Monitors time and expenses by project, preventing budget overruns
- » Provides a multi-client invoicing system, allowing you to generate invoices for many projects and clients quickly and in a single operation
- » Average timesheet review takes 6 minutes. With an automated system, timesheet review takes approximately 1 minute; an 80% reduction in review time
- » Average cost to manually process an expense report is ~$40 to $80. Automating the process helps reduce expense management costs by 80%
English,
French
Supported Technologies
MS Windows Server 2003,
Windows XP/2000/NT
IBM DB2,
Microsoft SQL Server,
Oracle
C/C++,
XML,
C/C++,
XML
Software, ASP Hosted
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Pricing
Users (# of seats)
info@tenrox.com
450-688-3444
Resources
Additional Product Information
Business Challenges of Time Billing Management
- Weak internal controls related to project and service delivery are not in compliance with Sarbanes-Oxley, accounting and employment regulations; the company is likely to face severe penalties and lose investor confidence if audited
- Work time is captured in multiple disconnected payroll, accounting and project tracking systems; the information requires manual data entry, adjustments and merging
- In-house developed software has become a legacy-outdated system, is high maintenance, and diverts resources and attention from the organization’s core business
- Using spreadsheets to track billable work requires extensive administrative overhead, is error-prone and management does not have access to real-time reports on projects and operations to measure progress and make decisions
- Poor tracking systems for billable work and expenses result in revenue leakage due to slow, inconsistent and sometimes inaccurate invoicing
- Customers request for varying degrees of supporting material, including a detailed explanation of billable time and expenses; information the company is unable to provide on a self-service and real-time basis