DCAA Compliance Made Easy with Tenrox Project Workforce Management.

Regent Systems Inc. Improves Productivity, Efficiency and Audit Controls Using Tenrox

PASADENA, Calif. -- Tenrox, the leading provider of workflow-driven Project Workforce Management solutions, announced the successful deployment of an integrated cost and revenue accounting solution for Regent Systems that has resulted in long-term bottom-line and strategic benefits for the growing government IT consulting firm.

For the past 14 months, Regent Systems has relied on Tenrox's Project Workforce Management - Cost and Revenue Accounting module. The Cost and Revenue module helps measure workforce productivity and project profitability while providing fully audited cost and revenue overviews in real-time. It also automates billing or charge backs based on organizational or project breakdown structures.

Tenrox solutions meet a range of compliance needs, including the Project Cost Accounting guidelines from the Defense Contract Audit Agency (DCAA), which are used as the standard for monitoring and auditing all government contracts and service providers. DCAA compliance was a key factor in Regent's selection of Tenrox.

"Our in-house process for tracking time and project billing just didn't have the accounting controls we needed," said Carla Jones, chief accountant for Regent Systems. "With audit concerns always being top of mind, it became more evident than ever that we needed a better solution [?] not just a technology, but a truly integrated system [?] that would keep pace with our company's growth."

"After conducting our due diligence and reviewing four other solutions, Tenrox clearly demonstrated the ability to implement an integrated project cost and revenue accounting system for our company that would actually work," she said.

The Tenrox Project Workforce Management solution easily addressed Regent Systems' immediate requirements that involved its ongoing need to administer and track:

* Manager-employee notification;

* Vacation and Personal Time Off (PTO);

* Cost and billing;

* Hours used versus hours available;

* Contract modifications; and

* Workforce availability.

"There were so many ways of doing things that it made us really stop and think about our operations and accounting as a whole, and how we could work so much more efficiently," said Jones.

Webinar

Regent Systems' Tenrox deployment will be the subject of an upcoming Client Success Study webinar:

Title:     "Government Consulting Firm Sails Through DCAA Audit using
           Tenrox"

Presented
by:        Carla Jones, Chief Accountant, Regent Systems

Date:      Tuesday, August 21, 2007

Time:      1 p.m. Eastern/10 a.m. Pacific

Register:  http://www.tenrox.com/webinars/webinars.asp?T=RegentSystems

Who Should
Attend:    Government Agency Managers, Directors of Finance, Directors
           of Project Management Offices, Directors of Professional
           Services, Billing Managers and all other levels of
           management with project accounting and project management
           responsibilities.

About Tenrox

Tenrox makes it possible to manage today's decentralized project workforce in real-time. Available on-premise or on-demand, Tenrox Project Workforce Management helps you streamline project management, optimize resource utilization and precisely account for costs and revenue across your projects and workforce. Tenrox leverages your existing software investments and adapts to your structures and processes to automate time and expense tracking, cost and revenue accounting, workforce planning, as well as other project and workforce related processes.

Tenrox's on-demand software has earned an unqualified SAS 70 Type II certification, ensuring maximum data security, reliability, and scalability for our hosted customers. Tenrox empowers the project workforce locally and provides total visibility globally.

Since 1995, Tenrox has served more than 800 organizations around the world, including Blue Cross Blue Shield - North Carolina, Caterpillar, Corning Cable Systems - RD&E division, First National Bank, Hydro Quebec - DPE, Invensys Systems Canada, Major Drilling, Pioneer Natural Resources, State of Wyoming, The Pentagon, University of Michigan, Fisher Scientific, and Wyeth Biopharma. Tenrox software is available through direct sales channels and a network of worldwide partners. For more information please visit us at www.tenrox.com, or call 1-877-4-TENROX, or send an email to [e-mail].

Product or service names mentioned herein are the trademarks of their respective owners.