Journyx Partners With IDE To Offer Customers Best-In-Class Time-Tracking Software

Partnership enables customers to understand impact of labor costs on product portfolios

AUSTIN, TEXAS (March 10, 2005) -- Journyx -- the leader in Web-based time and expense tracking solutions that automate invoicing, payroll and project management -- has been selected by Integrated Development Enterprise (IDe®) -- the leading provider of software solutions for integrated development in the product portfolio management market – to provide the underlying technology for a key solution module. Using the Journyx Timesheet time accounting platform, IDe adds a Time Management module to its IDeWebÔ software suite. Time Management enables IDe customers to quickly and easily capture and understand the impact of labor costs on their product portfolio.

This partnership allows IDe to offer its customers comparative data for labor costs (employee time and expenses) – using Journyx Timesheet software – applied to product development efforts. This provides customers with a 360-degree view of factors affecting profitability: cost, time, quality, resources, risk, revenue and labor costs.

"Each business unit and engineering group is maintaining its own systems not only for time tracking, but also for project, process, resource and portfolio management. That’s five different systems per group, times 17 groups, on just one campus,” said Paul Kojetin, Director at Donaldson Company. “Standardizing on IDeWeb allows us to integrate best practices across business units and throughout the process, greatly enhancing our worldwide corporate collaboration in product development, improving our product portfolios, and reducing time to market."

“Labor costs are critical in understanding whether a product development effort is on schedule and within budget, and directly influence a product’s profitability,” said Rich Moore, CEO of IDe. “By leveraging Journyx’s deep domain expertise of workforce time accounting, IDe is free to do what it does best: help product development companies succeed. IDe can add valuable functionality to its solution without the cumbersome investment of organizational resources and processes.”

IDe capitalizes on the Journyx Timesheet technology to create the time tracking portion of their solution. Because Journyx Timesheet is a configurable time accounting software platform, IDe could move quickly to meet customer needs without incurring an expensive and time-consuming software development project. IDe can also integrate labor time data into other key business processes and systems, such as enterprise resource planning (ERP) and payroll. Additionally, the Journyx solution allows IDe to customize the branding of its new application module.

“IDe and Journyx have very complementary strategies. Both companies seek to increase their customer’s profits and competitive strengths,” said Curt Finch, CEO of Journyx. “IDe does so by enabling better decisions about customers’ product portfolios. Journyx enables better investment of companies’ valuable time resources -- critical during the product development process. Together, Journyx and IDe help companies decrease costs, increase revenues, and make better decisions more quickly.”

About IDe

IDe (www.ide.com) is the leading provider of software solutions for integrated development in the product portfolio management market. IDe’s IDeWeb software automates and integrates business decision-making to align corporate and business strategy and planning, program execution, and operational excellence for best-in-class companies worldwide.

About Journyx Timesheet

Journyx Timesheet is a timesheet and expense management solution for the entire enterprise. Organizations can automate management of employee timesheets and expenses for project control, customer invoicing, and payroll processing with Journyx Timesheet. They can also easily integrate Timesheet into their existing systems, leveraging its patented technologies, open architecture and support for standards like XML and SOAP.

About Journyx, Inc.

Journyx (www.journyx.com) is fundamentally transforming how people do their daily jobs by automating labor-intensive, paper-based processes with a superior, Web-based solution. Founded in 1996, Journyx provides web-based workforce management software and services. Journyx has more than 10,000 organizations in 66 countries worldwide-representing more than 1,000,000 employees-using its software, including IBM, American Airlines, GE, and Schlumberger. Journyx solutions are available both on an ASP and a standard license basis. For more information, contact the Journyx Marketing Department at (512) 834-8888 or info@journyx.com.

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