Journyx Takes On Leading PPM Vendors with New Solution, ProjectXecute

Offers Alternative to High-Priced PPM Solutions, Customers See ROI Within Weeks

AUSTIN, TEXAS (June 23, 2009) – Journyx today announces that companies searching for a Project Portfolio Management (PPM) solution without the hefty investment, drawn-out implementation timeframe and unused functionality of leading vendors like CA, Oracle, Planview or SAP now have a choice – Journyx ProjectXecute. Journyx ProjectXecute unites project planning with resource management, delivering outstanding business value at a lower cost and in less time than comparable solutions.

According to a major research firm, a typical PPM solution will cost $747,835 over three years, and only 80% of functionality is rolled out in most organizations. Journyx ProjectXecute provides results in as little as 7 weeks for about $30 per user per month. In addition, most PPM solutions are built from the top down, beginning with project and resource management and attempting to add a time tracking component. Journyx ProjectXecute is the only solution that is built from the bottom up, combining 13 years of experience in project time tracking with robust project and resource management functionality.

Journyx ProjectXecute takes companies beyond just planning projects towards successful execution and significant return on investments. The solution integrates project plans, resource availability and financials to provide a complete view of project profitability in a single system. This powerful project and resource management technology, combined with implementation from project management best practices experts, Cognitive Technologies, gives customers a flexible solution that scales to different levels of need.

With Journyx ProjectXecute, organizations can:

Gauge resource availability before taking on new projects
Track project costs and profitability
Report on project progress every step of the way
Alert the right people when projects are at risk
Facilitate communication at all organizational levels
Integrate all project data with current systems such as Microsoft Project
Avoid multiple data entry with a single system for payroll, billing, project time and vacation data

“Journyx ProjectXecute is the complete solution for project and resource management,” says Curt Finch, CEO, Journyx. “Customers can expect successful execution of projects, increased resource utilization and efficiency and cost savings -- critical in the current economy. I read recently that the learning curve for the average PPM solution can be 1 year or more. Who can afford to waste a year of resource time before seeing results?”

Cognitive Technologies Partnership

Journyx and Cognitive Technologies, a consulting firm specializing in project management, collaborative processes, and organizational effectiveness, have joined forces on ProjectXecute to ensure that the solution is rolled out easily and quickly, and customers can begin successfully executing their projects on time and on budget. “Cognitive Technologies is the company that companies call when they have major project and resource problems. They have led $100 million projects time and time again, and we trust them as project managers to implement our solution,” says Finch.

Customer Results: Event 360

Event 360 is the nation’s leading designer and director of fundraising, advocacy and awareness events for nonprofits. Each year, Event 360 helps nonprofit organizations host hundreds of events, all of which involve many projects, tasks and people. They needed a better way to manage all of the resources associated with each event so that everything ran as smoothly as possible for the organizations involved.

"Our customers rely on us to run their events seamlessly and help them increase fundraising, so they can focus on accomplishing their mission. ProjectXecute helps us to be more organized and more efficient when managing these events. It provides instant visibility into project labor costs, work completed and remaining work,” says Jim Grohman, VP of Consulting Services, Event 360. “This solution is really going to help us take our business to the next level."

About Journyx, Inc.

Journyx is the first company to provide Web-based time-tracking, project accounting and resource management solutions that guide customers to per-person, per-project profitability.

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