Chimes Streamlines & Digitizes RFP Administration and Project Management with Launch of Chimes PM.Business/High Tech Editors NEW YORK--(BUSINESS WIRE)--Feb. 25, 2002 New Program Management Solution Adds Next Component to the Chimes Human Capital Management (HCM HCM hypertrophic cardiomyopathy. ) Suite of Services Chimes Inc., a wholly-owned subsidiary of Computer Horizons Corp. (Nasdaq:CHRZ) today announced the launch of Chimes PM, a Program Management application that streamlines and digitizes RFP (Request For Proposal) A document that invites a vendor to submit a bid for hardware, software and/or services. It may provide a general or very detailed specification of the system. 1. (business) RFP - Request for Proposal. 2. administration and manages enterprise-wide portfolios of projects and resources. Chimes PM provides complete enterprise workforce management Workforce Management (WFM) encompasses all the responsibilities for maintaining a productive and happy workforce. Sometimes referred to as HRMS systems, or even the larger ERP systems (Oracle, PeopleSoft, SAP). There are many software vendors within this space. from identifying details of existing resources to administering the sourcing process from the request for proposal (RFP) stage through project monitoring and completion. Chimes PM organizes project planning project planning - project management , sourcing and management through two components: RFP Administration and Project Dashboard. Chimes RFP streamlines the creation, tracking and evaluation of responses. Project Dashboard manages resources working on the project portfolio generate views of milestone, deliverables and cost statistics. Managers can identify, control and leverage entire services spend. "Chimes PM offers a holistic application to help managers measure supplier performance against project metrics metrics Managed care A popular term for standards by which the quality of a product, service, or outcome of a particular form of Pt management is evaluated. See TQM. , monitor budgets, and research archived data for knowledge management," said Barry Olson, co-president of Chimes. "The deployment of Chimes PM marks a new chapter in workforce management. Given that companies spend more than 50-percent of corporate procurement dollars on services, an application that offers visibility into this spend is valuable." The new component compliments the Chimes suite of Human Capital Management (HCM) services. Those services include: contingent workforce A contingent workforce is a provisional group of workers who work for an organization on a non-permanent basis, also known as freelancers, independent professionals, temporary contract workers, independent contractors or consultants. staffing (Centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. Vendor Management), permanent hiring (Centralized Applicant Management) and time sheet and invoice processing (Consolidated Time and Expense). Chimes currently works with over 30 companies across seven industries in implementing, and often running, various HCM initiatives. Controlling the RFP process Mirroring a trend in sourcing applications that place greater emphasis on fostering increased collaboration on creating and negotiating RFPs, RFP Administration automates and standardizes the process. Through simple browser access managers can select and customize templates, ensure consistent replies, and build in controls to ensure that corporate policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are followed. "Procurement managers recognize that a major area for cost-savings improvement is in streamlining RFP creation, evaluation and negotiation through a web-based system," explains Charles Halash, Chimes' senior vice president. Based on years of experience bidding for and staffing large projects, Chimes created RFP Administration to capture information, provide templates to ease data population and normalize normalize to convert a set of data by, for example, converting them to logarithms or reciprocals so that their previous non-normal distribution is converted to a normal one. supplier responses for ease of evaluation. Once suppliers are selected and workers contracted, Chimes PM offers visibility into their performance, project status, and budgets through the Project Dashboard component. Monitoring an entire portfolio of projects. Project Dashboard helps managers plan, allocate and prioritize pri·or·i·tize v. pri·or·i·tized, pri·or·i·tiz·ing, pri·or·i·tiz·es Usage Problem v.tr. To arrange or deal with in order of importance. v.intr. projects, budgets and resources across an enterprise. Project Dashboard complements RFP Administration by informing managers where, when and for how long resources are deployed throughout a portfolio of projects. Through the issues management feature, managers can identify trouble spots, manage their resolution, and archive the actions for future reference. Integrating applications With Chimes' Consolidated Time and Expense (CTE (Coefficient of Thermal Expansion) The difference between the way two materials expand when heat is applied. This is very critical when chips are mounted to printed circuit boards, because the silicon chip expands at a different rate than the plastic board. ) application, Chimes PM integrates all timesheet entry and authorization with back-office functions. Chimes PM integrates with major procurement systems, including Ariba, Commerce One, PeopleSoft and SAP, enabling organizations to source products and services online while reducing their overall spend. Chimes PM is web-based and scaleable. Servers in three cities The Three Cities is a collective description of the three fortified cities of Cospicua, Vittoriosa, and Senglea on the Island of Malta, which are enclosed by the massive line of fortification created by the Knights of St John, the Cottonera Lines. back-up all of Chimes' applications. About Chimes, Inc. Chimes, Inc., a wholly-owned subsidiary of Computer Horizons Corp. (Nasdaq:CHRZ), provides workforce procurement and vendor management services to Global 1000 companies. Through scaleable, web-based software, Chimes administers the entire hiring cycle to identify, leverage and manage the enterprise-wide spend on human capital. Chimes' portfolio of services addresses contingent hiring (CVM), full-time hiring (CAM), consolidated time sheet and expense processing (CTE), and program management (Chimes PM). Drawing on its network of more than 1400 staffing suppliers to recruit candidates at 30 major corporations across seven industries, Chimes leads the industry in delivering an efficient, cost saving approach to human capital management. For more information in Chimes, please visit www.chimesnet.com. About Computer Horizons Corp. Computer Horizons Corp. (Nasdaq:CHRZ) is a strategic human capital services and e-Business solutions company with more than thirty years of experience, specifically in information technology. As a global leader in systems integration and managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality , CHC CHC Chicago Cubs CHC Community Health Center CHC Chestnut Hill College (Philadelphia, Pennsylvania) CHC Congressional Hispanic Caucus CHC Community Health Council (UK National Health Service) enables companies to maximize technology investments. By leveraging its core business in IT services and its proprietary technology through Chimes, its wholly-owned subsidiary, CHC is enabling its Global 2000 customer base to align and integrate business planning with human resource management across an enterprise's business functions. For more information on Computer Horizons, please visit www.computerhorizons.com. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " (within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995) that involve a number of risks and uncertainties. It is possible that the assumptions made by management--including, but not limited to, those relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc contract awards, service offerings, market opportunities, results, performance expectations, expectations of cost savings, or proceeds from sale of certain operations--may not materialize. Actual results may differ materially from those projected or implied in any forward-looking statements. In addition to the above factors, other important factors include the risks associated with unforeseen technical difficulties, the ability to meet customer requirements, market acceptance of service offerings, changes in technology and standards, the ability to complete cost-reduction initiatives, the ability to execute the sale of certain operations or other initiatives, dependencies on key employees, customer satisfaction, availability of technical talent, dependencies on certain technologies, delays, market acceptance and competition, as well as other risks described from time to time in Computer Horizons' filings with the Securities Exchange Commission, press releases, and other communications. |
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