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
With an estimated 50 billion devices connected to the Internet by 2020, several industries will begin to expand their capabilities for retaining end point data at the edge to better utilize the range of data types and sheer volume of M2M data generated by the Internet of Things. In his session at @ThingsExpo, Don DeLoach, CEO and President of Infobright, will discuss the infrastructures businesses will need to implement to handle this explosion of data by providing specific use cases for filte...
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies adopt disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevO...
Fortunately, meaningful and tangible business cases for IoT are plentiful in a broad array of industries and vertical markets. These range from simple warranty cost reduction for capital intensive assets, to minimizing downtime for vital business tools, to creating feedback loops improving product design, to improving and enhancing enterprise customer experiences. All of these business cases, which will be briefly explored in this session, hinge on cost effectively extracting relevant data from ...
SYS-CON Events announced today that VAI, a leading ERP software provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. VAI (Vormittag Associates, Inc.) is a leading independent mid-market ERP software developer renowned for its flexible solutions and ability to automate critical business functions for the distribution, manufacturing, specialty retail and service sectors. An IBM Premier Business Part...
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
In most cases, it is convenient to have some human interaction with a web (micro-)service, no matter how small it is. A traditional approach would be to create an HTTP interface, where user requests will be dispatched and HTML/CSS pages must be served. This approach is indeed very traditional for a web site, but not really convenient for a web service, which is not intended to be good looking, 24x7 up and running and UX-optimized. Instead, talking to a web service in a chat-bot mode would be muc...
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed...
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 ad...
Advances in technology and ubiquitous connectivity have made the utilization of a dispersed workforce more common. Whether that remote team is located across the street or country, management styles/ approaches will have to be adjusted to accommodate this new dynamic. In his session at 17th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., focused on the challenges of managing remote teams, providing real-world examples that demonstrate what works and what do...
As enterprises work to take advantage of Big Data technologies, they frequently become distracted by product-level decisions. In most new Big Data builds this approach is completely counter-productive: it presupposes tools that may not be a fit for development teams, forces IT to take on the burden of evaluating and maintaining unfamiliar technology, and represents a major up-front expense. In his session at @BigDataExpo at @ThingsExpo, Andrew Warfield, CTO and Co-Founder of Coho Data, will dis...
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
SYS-CON Events announced today that AppNeta, the leader in performance insight for business-critical web applications, will exhibit and present at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. AppNeta is the only application performance monitoring (APM) company to provide solutions for all applications – applications you develop internally, business-critical SaaS applications you use and the networks that deli...
It's easy to assume that your app will run on a fast and reliable network. The reality for your app's users, though, is often a slow, unreliable network with spotty coverage. What happens when the network doesn't work, or when the device is in airplane mode? You get unhappy, frustrated users. An offline-first app is an app that works, without error, when there is no network connection.