|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