Tenrox

Tenrox

December 18, 2006 09:58 ET

Tenrox on-Demand Successfully Completes SAS 70 Type II Audit

PASADENA, CALIFORNIA--(CCNMatthews - Dec. 18, 2006) - Tenrox-the leading provider of workflow-driven Project Workforce Management Solutions-has received an unqualified SAS 70 Type II Service Auditor's Report for its on-demand offering. Developed by the American Institute of Certified Public Accountants (AICPA), SAS (Statement on Auditing Standards) 70 is an internationally recognized auditing standard that validates that a software hosting and service organization has demonstrated adequate controls and safeguards when hosting or processing data belonging to its customers.

Tenrox's SAS 70 Type II audit was performed by an independent auditing firm on its controls, activities and processes, including its site operations, software applications, internal control processes, and hosting facilities. Receiving an "unqualified" auditor's opinion for a SAS 70 Type II report indicates that all control objectives were achieved without a significant exception or deficiency.

"Obtaining an unqualified SAS 70 Type II audit report validates the stringent control objectives we've implemented for our on-demand Project Workforce Management solution," said Ara Israilian, COO at Tenrox. "With this certification, our customers can be assured that we have the adequate controls and safeguards in place for hosting, delivering and supporting their business and financial data with effective internal controls, as well as fully audited and compliant security, reliability and confidentiality. We are the only project workforce management solution vendor that offers our customers an on-premise option and a truly secure and certified on-demand alternative."

A Type II report is a rigorous audit of a company's control activities and operations over a minimum six-month period of time. A SAS 70 Type I report, in contrast, only lists the service organization's description of controls as of a point in time and the auditor's assessment is limited to whether the controls were placed in operation and are suitably designed.

About Tenrox

Tenrox makes it possible to manage today's decentralized project workforce in real-time. Its modular solution combines project/workforce management and financials, to replace the spreadsheets and internally developed systems companies currently use for cost and revenue planning, tracking and management reporting.

The Tenrox system, available on-demand or on-premise, is based on a unique graphical workflow engine, which makes it simple to configure and change. Integration with leading financial systems is built-in. Tenrox empowers the project workforce locally and provides total visibility globally.

Since 1995, Tenrox has served over 800 organizations in 50 countries including Blue Cross Blue Shield, Caterpillar, Corning Cable Systems, Wilmington Trust, First National Bank, Hydro Quebec, Invensys, Major Drilling, Pioneer Natural Resources, State of Wyoming, The Pentagon, University of Michigan, Fisher Scientific, and Wyeth. Tenrox software is available through direct sales channels and a network of worldwide resellers and partners

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

For more information please visit us at www.tenrox.com, call 877-4TENROX or email us at publicrelations@tenrox.com

Contact Information

  • Tenrox Media Contact:
    Marlene Kovac
    Verrecchia Group Communications
    514-421-1940 Ext. 148
    marlene@vergroup.com