|By Marketwired .||
|February 18, 2014 11:30 AM EST||
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.
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
(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
Continuous processes around the development and deployment of applications are both impacted by -- and a benefit to -- the Internet of Things trend. To help better understand the relationship between DevOps and a plethora of new end-devices and data please welcome Gary Gruver, consultant, author and a former IT executive who has led many large-scale IT transformation projects, and John Jeremiah, Technology Evangelist at Hewlett Packard Enterprise (HPE), on Twitter at @j_jeremiah. The discussion...
Nov. 26, 2015 03:45 AM EST Reads: 688
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Nov. 26, 2015 03:00 AM EST Reads: 301
With all the incredible momentum behind the Internet of Things (IoT) industry, it is easy to forget that not a single CEO wakes up and wonders if “my IoT is broken.” What they wonder is if they are making the right decisions to do all they can to increase revenue, decrease costs, and improve customer experience – effectively the same challenges they have always had in growing their business. The exciting thing about the IoT industry is now these decisions can be better, faster, and smarter. Now ...
Nov. 26, 2015 02:00 AM EST Reads: 183
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound...
Nov. 26, 2015 01:30 AM EST Reads: 431
In today's enterprise, digital transformation represents organizational change even more so than technology change, as customer preferences and behavior drive end-to-end transformation across lines of business as well as IT. To capitalize on the ubiquitous disruption driving this transformation, companies must be able to innovate at an increasingly rapid pace. Traditional approaches for driving innovation are now woefully inadequate for keeping up with the breadth of disruption and change facin...
Nov. 26, 2015 01:00 AM EST Reads: 434
Discussions of cloud computing have evolved in recent years from a focus on specific types of cloud, to a world of hybrid cloud, and to a world dominated by the APIs that make today's multi-cloud environments and hybrid clouds possible. In this Power Panel at 17th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the importance of customers being able to use the specific technologies they need, through environments and ecosystems that expose their APIs to make true ...
Nov. 26, 2015 12:00 AM EST Reads: 483
In his General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at Logz.io, explored the value of Kibana 4 for log analysis and provided a hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files. He examined three use cases: IT operations, business intelligence, and security and compliance. Asaf Yigal is co-founder and VP of Product at log analytics software company Logz.io. In the past, he was co-founder of social-trading platform Currensee, which...
Nov. 26, 2015 12:00 AM EST Reads: 150
PubNub has announced the release of BLOCKS, a set of customizable microservices that give developers a simple way to add code and deploy features for realtime apps.PubNub BLOCKS executes business logic directly on the data streaming through PubNub’s network without splitting it off to an intermediary server controlled by the customer. This revolutionary approach streamlines app development, reduces endpoint-to-endpoint latency, and allows apps to better leverage the enormous scalability of PubNu...
Nov. 26, 2015 12:00 AM EST Reads: 279
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Day 2 Keynote at 17th Cloud Expo, San...
Nov. 26, 2015 12:00 AM EST Reads: 521
Microservices are a very exciting architectural approach that many organizations are looking to as a way to accelerate innovation. Microservices promise to allow teams to move away from monolithic "ball of mud" systems, but the reality is that, in the vast majority of organizations, different projects and technologies will continue to be developed at different speeds. How to handle the dependencies between these disparate systems with different iteration cycles? Consider the "canoncial problem"...
Nov. 25, 2015 10:00 PM EST Reads: 391
Culture is the most important ingredient of DevOps. The challenge for most organizations is defining and communicating a vision of beneficial DevOps culture for their organizations, and then facilitating the changes needed to achieve that. Often this comes down to an ability to provide true leadership. As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership ab...
Nov. 25, 2015 10:00 PM EST Reads: 344
I recently attended and was a speaker at the 4th International Internet of @ThingsExpo at the Santa Clara Convention Center. I also had the opportunity to attend this event last year and I wrote a blog from that show talking about how the “Enterprise Impact of IoT” was a key theme of last year’s show. I was curious to see if the same theme would still resonate 365 days later and what, if any, changes I would see in the content presented.
Nov. 25, 2015 09:00 PM EST Reads: 366
Apps and devices shouldn't stop working when there's limited or no network connectivity. Learn how to bring data stored in a cloud database to the edge of the network (and back again) whenever an Internet connection is available. In his session at 17th Cloud Expo, Ben Perlmutter, a Sales Engineer with IBM Cloudant, demonstrated techniques for replicating cloud databases with devices in order to build offline-first mobile or Internet of Things (IoT) apps that can provide a better, faster user e...
Nov. 25, 2015 08:30 PM EST Reads: 366
Container technology is shaping the future of DevOps and it’s also changing the way organizations think about application development. With the rise of mobile applications in the enterprise, businesses are abandoning year-long development cycles and embracing technologies that enable rapid development and continuous deployment of apps. In his session at DevOps Summit, Kurt Collins, Developer Evangelist at Built.io, examined how Docker has evolved into a highly effective tool for application del...
Nov. 25, 2015 05:00 PM EST Reads: 302
In recent years, at least 40% of companies using cloud applications have experienced data loss. One of the best prevention against cloud data loss is backing up your cloud data. In his General Session at 17th Cloud Expo, Sam McIntyre, Partner Enablement Specialist at eFolder, presented how organizations can use eFolder Cloudfinder to automate backups of cloud application data. He also demonstrated how easy it is to search and restore cloud application data using Cloudfinder.
Nov. 25, 2015 03:45 PM EST