Welcome!

News Feed Item

Vorex PSA -- the Only Cloud Software Solution for Small- to Mid-Size Businesses Offering Project Management, Time and Expense Tracking, Billing and Invoicing Solutions With Integrated CRM and HR at an Affordable Price

With Real-Time and Mobile Data Access, SMBs Can Stay Competitive, Reduce Costs, Increase Employee Productivity and Maximize Profit

DALLAS, TX -- (Marketwired) -- 02/18/14 -- The small-business sector represents roughly half the private-sector economy(1 ) and mid-size businesses represent approximately one-third(2). And, eight out of 10 entrepreneurs will fail within the first eighteen months(3). These are staggering statistics and one company, Vorex, a leader in managing core business processes, is out to provide these leaders with the tools they need to succeed.

Vorex today announces its Vorex professional services automation (PSA) software, the only cloud-based comprehensive software for the small- to mid-size business (SMB) market offering project management, time and expense tracking, billing and invoicing solutions with an integrated CRM and HR solution -- at an affordable price. By automating back-end processes to reduce costs, increase employee productivity and revenue, Vorex PSA allows SMBs to focus on what matters most -- delivering quality services to their clients.

Vorex PSA is One Solution, Three Ways. Vorex 360, Vorex BackOffice and Vorex Project, provide SMBs flexibility as they grow. Vorex PSA is ideal for small businesses (fewer than 100 employees and less than $50 million in annual revenue) as well as mid-size enterprises (100 to 999 employees and less than $1 billion in annual revenue).

Using manual processes and disintegrated systems, SMBs can find it difficult to compete with larger best-in-class companies. To attract new customers, achieve more favorable contract terms and increase retention rates, 77 percent of the top professional services firms, for example, are now implementing integrated PSA software(4). By 2017, the PSA software market is projected to reach $7.63 billion(5). Vorex PSA provides SMBs the ability to compete on a level-playing field via its affordable, end-to-end software-as-a-service (SaaS) solution.

"The common reasons why SMBs fail are out-of-control growth, poor accounting and operational inefficiencies," said Vorex CEO Michael Salem. "Vorex PSA provides insights into the information needed for critical and strategic decision making that supports both long and short term planning. Often times, SMBs find it difficult to take on new projects as they do not know their financial standing, availability of resources or their pipeline in real-time. With Vorex PSA, businesses can deliver projects on time and within budget while increasing utilization rates and customer satisfaction."

In order to succeed, SMBs need an easy-to-use affordable solution that can be accessed from anywhere without investing in expensive hardware and software. In fact, leveraging PSA software is emerging into a major recession proofing strategy for companies in future years(6). Vorex PSA empowers SMBs with traditional and mobile workforces to manage projects, track time, and record expenses from any mobile device or Web browser -- while being green and environmentally-friendly by eliminating the usage of paper. Vorex PSA's real-time data visibility and analysis can help boost profit margins and offers native integration with QuickBooks and seamless integration with Peachtree and other financial software, allowing businesses to maintain one database for all data.

Vorex PSA's One Solution, Three Ways is designed to be scalable to meet a company's expanding and evolving business needs. All three Vorex PSA products come with fully integrated workflow, issue tracking (ticketing), reporting and HR applications. Vorex 360 comes with integrated CRM.

  • Vorex 360: Upfront planning and estimation are two of the most crucial determinants to long-term project success, yet many SMBs fail to carry out any form of estimation. Vorex 360 is the PSA solution with integrated CRM, HR, project management, time and expense tracking, billing and invoicing. This product allows businesses to capture a full 360-degree view of the entire operation -- from pipeline to final invoice -- through one easy-to-use solution. Vorex 360 enables businesses to manage contract terms, easily access customer information and enhance service and communication.
  • Vorex BackOffice: Keeping track of timesheets, expenses, and generating a project budget is daunting. Vorex BackOffice includes project management, time and expense tracking, and billing and invoicing, solving the challenge of invoices that leave money on the table while continuing to enhance project visibility.
  • Vorex Project: Far too often, businesses use multiple spreadsheets that are highly prone to errors and struggle to produce management reports. Vorex Project provides vital management information in real time. It is a powerful project management and time-tracking solution, natively integrated to fit seamlessly into current business operations to allow businesses to schedule and manage projects and achieve greater utilization of employees. Vorex Project's portfolio functionality also enables businesses to manage a variety of concurrent projects together.

With Vorex PSA, SMBs can simply sign-up to instantly activate their account and access SaaS over the cloud. All Vorex PSA products offer a 14-day trial, as well as a personalized live demonstration -- with no contract commitment.

Additionally, SMBs can rest assured all data is secure and backed up. Vorex utilizes only the best and most trusted data centers worldwide. Critical information is stored securely within the framework of Vorex's multilayered advanced security architecture that backs-up data regularly and is accessible whenever clients need it. To protect against uncontrolled events such as natural disasters and unplanned downtime (i.e., power outages, etc.), Vorex stores back-up data at multiple locations for added security.

To schedule a free trial, demo or for more information about Vorex PSA products, call (888) 908-6739 or log on to www.vorex.com.

About Vorex
Headquartered in the Greater Dallas Area, Vorex is a leader in professional services automation (PSA) software that manages core business processes with a comprehensive solution. Vorex PSA is the only cloud-based single comprehensive software for the small- to mid-size business market offering project management, time and expense tracking, billing and invoicing solutions with an integrated CRM and HR solution. Vorex has regional offices in San Francisco, New York and London.

(1)The Small Business Administration (SBA): http://usgovinfo.about.com/cs/businessfinance/a/sbatopten.htm

(2)BusinessWeek: http://www.businessweek.com/articles/2012-10-25/midsize-companies-get-no-respect

(3)CEO.com: http://www.ceo.com/entrepreneurial_ceo/five-reasons-8-out-of-10-businesses-fail/

(4)Aberdeen Group: Professional Services Automation: The Secret to Successful Projects and a Profitable Services Group: http://aberdeen.com/Aberdeen-Library/8396/RA-professional-services-automation.aspx#sthash.dMNTIq0r.dpuf

(5,6)Global Industry Analysts, Inc.: Professional Services Automation (PSA) Software - A Global Strategic Business Report: http://www.strategyr.com/Professional_Service_Automation_PSA_Software_Market_Report.asp

Media Contact:
Ruchika Jain/Chris Navalta
Graham & Associates
(415) 986-7212
Email Contact
www.vorex.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
StarNet Communications Corp has announced the addition of three Secure Remote Desktop modules to its flagship X-Win32 PC X server. The new modules enable X-Win32 to safely tunnel the remote desktops from Linux and Unix servers to the user’s PC over encrypted SSH. Traditionally, users of PC X servers deploy the XDMCP protocol to display remote desktop environments such as the Gnome and KDE desktops on Linux servers and the CDE environment on Solaris Unix machines. XDMCP is used primarily on comp...
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business in 2016. However, IoT is far more complex than most firms expected. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, a renowned visionary and thought leader, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology and business models to adopt and leverage IoT. He will drill down to the components in this fra...
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
As the world moves toward more DevOps and Microservices, application deployment to the cloud ought to become a lot simpler. The Microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. Serverless computing is revolutionizing computing. In his session at 19th Cloud Expo, Raghav...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...