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It's About Time! The Journyx Blog

October 31, 2014

conference meetingHappy Halloween, everyone! We can't talk enough about how excited we are to be a sponsor at reIMAGINE in Fargo in just a few weeks (and considering the weather in Austin is still creeping around the 90's, it will be great for our team to experience what real snow looks like).

Here's the TL;DR of what you need to know about reIMAGINE 2014. reIMAGINE 2014, hosted by Dynamic Partner Connections (DPC) promises to be the ultimate learning and networking event for Microsoft Dynamics GP partners, consultants and ISVs!

One of the attributes that makes reIMAGINE so special is targeted learning tracks for every member of your team: sales, marketing, leadership, technical and consultant. No matter what role or skill level, your team members will benefit from plenty of in-depth learning, information-sharing and networking.              

Within each learning track are several exciting focus areas, including:

  • “New to GP” sessions. Do you have newer employees who barely know GP from a PC? This is the perfect opportunity to make them highly productive members of your team.
  • Peer Interactive Discussions. We all know just how expansive, diverse and rich in knowledge the Dynamics GP partner community is. These discussions are a great way to tap into all that wisdom in a structured way.
  • Microsoft Feedback Sessions. It’s always refreshing to work with an organization like Microsoft that really wants our feedback on product functionality and design. These sessions allow us to share thoughts and suggestions directly with Microsoft staff.

reIMAGINE 2014 also includes great opportunities for learning and sharing:

  • Help Desk. We all struggle occasionally with an aspect of Dynamics GP or our businesses in general. This desk will be staffed with Microsoft resources and industry experts from our community who can lend a helping hand.
  • Additional training opportunities. Get the training you need for everyone on your team, in one convenient location.
  • Social and networking events. This is the cherry on top of the sundae. Microsoft and DPC teams are working overtime to make this not only the most educational event you’ll attend, but the most memorable one as well!     

Join us at reIMAGINE 2014!

Learn more about it and then register to attend

You can also follow our updates about the whole event on Twitter here!

October 27, 2014

We're proud to announce that we'll be hosting a table at the #reIMAGINE2014 Conference Monday evening reception! If you will be attending, make sure to stop by our booth and say hi - and pick up some fun items while you're there.

reIMAGINE, an annual conference hosted by Dynamic Partner Connections (@DynPartnerConn), brings together the Microsoft Dynamics partners as well as users in a three-day convention. The conference will be November 10-12 in chilly Fargo, North Dakota.

What are we most excited about? We can't wait to see Tuesday Evening Keynote speaker, Doug Burgum and particularly, can't wait to meet all of you there!

Interested to learn more about Journyx for Dynamics and how our time and expense tracking add-on can help your company? Check out this demo of just how easy the integration can be.

We look forward to meeting you all there! 

Will you be attending? Let us know what you're looking forward to most in the comment section below!

October 24, 2014

You've probably heard us talking excitedly about the latest Journyx update 9.5. And for good reason! Journyx v9.5 will empower you to do things like:

  • Custom project costing and billing rates based on project roles and/or assignments
  • New custom entry environment that can be used for tracking equipment utilization, widget completion, etc.
  • Single tracking environment for entering employee reimbursable expenses and mileage
  • Leave request handling improvements and additional options for validating accuracy of time, expense and custom entries

But just for the skeptics in the room still wanting proof of just how much this update will change the way you do business, check out this infographic compiling all the bits of data below!

October 20, 2014

The seasons are changing and with that, big things are happening here at Journyx HQ. The biggest and best of all is that we're pleased to announce the latest update, Journyx version 9.5! So let's go over problems this update solves and what that means for you, the avid Journyx user.

We did some massive market research and heard your concerns. What we mainly heard was:

  • “My standard rates are too general – I can’t forecast project costs.”
  • “I need to know changes to project costs early enough to make adjustments.”
  • “Am I missing out on profits?”
  • “My invoices are being rejected because they’re hard to read.”
  • “I need to get paid faster.”
  • “I want my customer to have confidence in my invoices.”

So we took to the drawing board and answered those concerns in the latest release. Here's how you can now...:

  • Know costs more accurately than competitors
  • Know project cost variances early enough to act
  • Know next quarter’s costs this quarter
  • Sail through the billing verification process
  • Bill correctly the first time
  • Get your money faster

The main features you will see in this release:

  • Custom project costing and billing rates based on project roles and/or assignments
  • New custom entry environment that can be used for tracking equipment utilization, widget completion, etc.
  • Single tracking environment for entering employee reimbursable expenses and mileage
  • Leave request handling improvements and additional options for validating accuracy of time, expense and custom entries

Want to know more? Check out this previously-recorded webinar that goes through all of the updates included, answers questions, and more. You can also be sure to contact your Account Manager by emailing sales@journyx.com if you want to see a demo for yourself or if you have more questions you didn't see covered here.

October 20, 2014

Upgrade Offers the Flexibility to Calculate Project Costs and Bill Rates in Real Time

AUSTIN, TEXAS (October 20, 2014) – Journyx today announces a major upgrade to its project, time and expense tracking software. Journyx 9.5 offers new features to ensure customers are able to get a complete picture of project costs and revenues both in terms of forecasts, and as they are realized.  9.5 includes greater flexibility in calculating project costs and contract-based bill rates as they are applied to project work.

Feedback from the Market

Journyx makes it a priority to obtain feedback from the market and how our product can be more useful. What we heard was: “My standard rates are too general – I can’t forecast project costs.” “I need to know changes to project costs early enough to make adjustments.” “Am I missing out on profits?”

Journyx 9.5 addresses these concerns. With Journyx 9.5’s custom project costing and billing rates, customers will:

  • Know costs more accurately than competitors
  • Know project cost variances early enough to act
  • Know next quarter’s costs this quarter

Additionally, our research provided the following feedback: “My invoices are being rejected because they’re hard to read.” “I need to get paid faster.” “I want my customer to have confidence in my invoices.”

Because of this information, we built Journyx 9.5 with features that allow customers to track varying contract bill rates, so that they can:

  • Sail through the billing verification process
  • Bill correctly the first time
  • Get their money faster

Journyx 9.5 Features

  • Custom project costing and billing rates based on project roles and/or assignments
  • New custom entry environment that can be used for tracking equipment utilization, widget completion, etc.
  • Single tracking environment for entering employee reimbursable expenses and mileage
  • Leave request handling improvements and additional options for validating accuracy of time, expense and custom entries

“We believe our customers are our best sources of information and our biggest advocates,” said Journyx CEO Curt Finch. “This new version is built with our customers in mind to make them more successful. We’ve come a long way since our first product in 1997, and this is the best upgrade yet.”

To learn more about Journyx 9.5, or to request a demo, visit http://journyx.com/version95.

About Journyx

Journyx is not your average software company. We strive to be relentlessly creative and to build tools that help you spend your time on things that matter. After all, time is all we have. Founded in 1996, Journyx offers customers two solutions to reach the highest levels of profitability: Journyx – project, time and expense tracking software – and Journyx PX – resource management software that provides work and financial forecasting for a complete picture of project and budget status, employee time and availability. Journyx has thousands of customers worldwide, including Crate&Barrel, Schlumberger, BP, Big Brothers Big Sisters, Callaway Golf, Honeywell and many others. For more information, visit www.journyx.com.

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October 17, 2014

BusinessTips.com, is a blog of ideas, tips, advice, lessons learned and more from business leaders and CEO's all over the world. They've taken "thought leadership" literally and have made it their goal to give the best articles and ideas out there to the masses. They’ve even been as kind as to publish articles from our very own CEO, Curt Finch.

core valuesThis article, “What's Your Company's DNA”, written by George Meszaros of Success Harbor, paints a fully formed picture of how a company's core values tells the public how they want to be interacted with right from the beginning. Click here to read the full article.

October 17, 2014

INTRODUCING JOURNYX 9.5

New features to ensure you get a complete picture of project costs and revenues both in terms of forecasts, and as they are realized.
Flexibility to calculate project costs and contract-based bill rates as they are applied to project work.

Does this sound familiar?:

My standard rates are too general – I can’t forecast project costs.

I need to know changes to project costs early enough to make adjustments.

Am I missing out on profits?

With Journyx 9.5’s custom project costing and billing rates, you will:

Know your costs more accurately than your competitors.

Know project cost variances early enough to act.

Know next quarter’s costs this quarter.

Have you felt like this?:

My invoices are being rejected because they’re hard to read.

I need to get paid faster.

I want my customer to have confidence in my invoices.

Journyx 9.5 lets you track varying contract bill rates, so that you can:

Sail through the billing verification process.

Bill correctly the first time.

Get your money faster.

And there’s even more. For a full feature list for Journyx v9.5 or to watch a demo, click the button below.

View full list   View demo

What will you do with the time and money you save with Journyx?

October 15, 2014

credit card purchaseIn our previous article, we looked at the concept of a KPI, or 'key performance indicator.' Specifically we looked at how important it is to use KPIs to measure the health and progress of your company. ‘Billability’, for example, is one of the most critical KPIs that virtually every company should be tracking.

In this follow up post, we'll look at two other KPIs that provide crucial information: adherence to estimate and percentage of projects profitable.

1. Adherence to Estimate

Many contractors or consultants do a poor job with bidding appropriately because lack of knowledge or budgetary insight. In order to avoid underbidding or overbidding, you can use the formula [(E-A)/E] where:

E = Estimated hours to complete project
A = Actual hours used to complete project

Improving this number can be difficult for some companies until they understand a simple truth: similar projects often have a strikingly similar ratio of early phase cost to overall project cost.  The early phases of a project are usually referred to as the “requirements,” “design,” or “specification” phases. If after carefully tracking time on a batch of similar projects, you find that the first two phases usually take about 10% of the total project time, you can then use that data to predict the length of future projects.

By tracking time and subsequently learning that the first two phases of Projects 1 and 2 took approximately 10% of all project time to complete, the projected length of Project 3 becomes easy to determine. If the first two phases of Project 3 take 1.8 months to complete, you can estimate that the entire project will be completed in 18 months. This project estimation technique has proven itself to be extremely accurate for similar projects in a variety of companies.

2. Percentage of Projects Profitable

“Percentage of projects profitable” is a KPI that can really affect your business in a vastly positive way. As an analogy, consider British Petroleum (BP) and its experiences in drilling for oil. BP created a strategic vision for the company called “no dry holes.” Drilling for oil and not finding it is expensive. Rather than try to make up for all the dry holes by finding an occasional gusher, BP decided to try to never have a dry hole in the first place. Changing the attitude that dry holes were an inevitable cost of doing business fundamentally changed its culture in very positive ways.

If you set a strategic goal for your company of “no unprofitable projects,” it will change the nature of discussions in your business. For example, it empowers frontline employees to legitimately push back when a project is being taken on for political reasons. Conversely, having the attitude that the winners will make up for the losers doesn’t do this.

Measuring this KPI is easy because you can obtain direct per-project cost data from your timesheet system. Correctly applying indirect data (such as sales or accounting time) to the direct costs is a bit more complicated. Connecting all of this to revenue data gives you per-project profitability. Once you have that data, you can work on your KPI of percentage of profitable projects to try to maximize it. The formula for this KPI for a given time period (usually a quarter or a year) is:

 # of profitable projects/# of projects

Other KPIs that are useful include:

▪ Calendar time to complete a job (because overhead costs increase substantially due to delays)
▪ Percentage of customers satisfied
▪ Time to complete initial free estimate

Unfortunately, many businesses that track time and attendance for payroll and billing overlook the other benefits such data can provide. Real-time access to relevant KPIs, however, can give early warnings of project problems and lead your company to faster growth and more profitability. 

October 13, 2014

pass the auditHappy Monday, all! If you're anything like us as this season winds ever-so-closer to the Holidays, you're racking your brain on how to best prep for your yearly corporate audit. Well, lucky for you (and 'tis the season), we've put together this list of best resources and tools to help you get ready! Check out these blogs, checklists and official government sites to get you on your feet (and keep you off your toes) and ready to go for the audit season.

Want more you can find on social media? Check out these groups to follow and join below!

October 10, 2014

Executive Street – The Vistage Blog, is just a small subset of the massive international meetup and networking group of executives around the world. But don’t let the “small subset” part fool you; the blog is a convergence of knowledge, advice, the latest industry trends and more, updated on a daily basis from who better than the industry leaders themselves. They’ve even been as kind as to publish articles from our very own CEO, Curt Finch.

This article, “Defensiveness Costs Your Company Profits”, written by Andrew Bielat of Profit Hawk, gives us a window of just how detrimental defensiveness, finger-pointing and excuses can be to a team’s success. Click here to read the full article.

October 7, 2014

Time and attendance data is a necessary part of any organization's operations, but it is often misunderstood and underutilized. Outside of payroll, many business owners fail to see the benefits this data can provide to their business, whether in the form of measuring progress, increasing billable time or optimizing project profitability. In this two-part series, we will look at how you can put this data to work for you.

Key Performance Indicators

A 'key performance indicator' (KPI) measures an organization's progress towards a goal. When leveraged correctly, KPIs can have a huge impact. 

The first step is to determine what your organization's goals are. It may be increased profitability, reduced number of defective parts per thousand, maintaining a certain percentage of customer satisfaction or increased revenue per store. Once this is established, you can create a KPI to help you measure your progress.

The second step is to make sure your KPI is measurable. "Make customers happier" is not an effective KPI without some way to measure the satisfaction of your customers. "Be the most convenient drugstore" won't work either if there is no way to measure convenience. In addition, it is essential that your KPI definition remain stable from year to year. For example, "increase utilization rates” needs to be more specific and address such things as whether to measure by hours or by dollars.

Keep in mind that a KPI is part of a SMART goal—one that is Specific, Measurable, Achievable, Relevant, and Time-based. For example, consider the goal, "Increase average revenue per sale to $10,000 by January." In this case, “average revenue per sale” is the KPI. This goal wouldn’t be SMART if it wasn’t achievable, if the word “January” was left out, or if it was not relevant (e.g. if this was a portion of the organization that had nothing to do with sales or marketing, such as human resources).

Simple and Useful KPIs
There are three basic KPIs that you should be able to calculate from any time and data labor source.

  • Billability. This is often termed the utilization rate. It is the percentage of time in a given period during which employees are working in a revenue-producing capacity. You must configure your timesheet system to track whether or not work is considered billable to the customer. Once you have this information, utilization for any period, group or person is found by the formula “B divided by T”, where:

    B = Billable hours for the employee/group in the period
    T = All hours worked for the employee/group in the period

    Most organizations try to keep their utilization rate above 70%. A higher rate is better, until you reach a point where administrative tasks that are necessary to the business—like tracking time—are not being accomplished. Then you know you’ve pushed it too far.

In our next article, we'll consider the remaining two basic KPIs: adherence to estimate and percentage of projects profitable.

October 3, 2014

Small Business Trends, the popular online blog of -- and relating to -- small businesses, is a cross-cultural hub of tips, analytics, latest industry trends and more. They’ve even been as kind as to publish articles from our very own CEO, Curt Finch.

This article, “How to Balance Leadership and Management”, written by the one and only U.S. Small Business Administration, offers its “how to” guide on keeping your scales evenly tipped, and keeping from going off in the wrong direction. Click here to read the full article.

September 29, 2014

It's not in the way you can multitask, it's not in how many devices you can juggle at once and it's not in how many meetings you can schedule in a day. Time management is a skill that -- carefully considered in proportion to your own personality type -- can be one of the most powerful tools you can learn in a lifetime. And we should know; we make it our goal every day to provide an easy-to-use interface to track your time on the job. 

TIME MANAGEMENT AND MULTITASKING TIPSThat being said, for this week's Monday Link-Ups, we're giving you our list of the best articles and studies we've seen out there to help you get your time on track.

Want more in the social-sphere? Check out these groups that have great time management tips and tricks to follow on a daily-basis. 

Have some you didn't see make the list? Let us know in the comment section below!

September 26, 2014

Today on the Journyx Blog, we have guest blogger Diana Gomez, Marketing Coordinator at Lyoness America. Lyoness is an online shopping community that operates around the world.

In this article, Diana discusses how to keep calm and carry on, all while operating your own startup.

There's nothing more exhilarating than quitting your lame day job in order to direct all your energy to your startup passion project. If you've recently made this move, first of all: congratulations! You are in for the ride of your life-complete with slow climbs to the top, gut-wrenching drops and copious amounts of upside-down loop-di-loops. But you know it's all worth it for the existential satisfaction you feel day in and day out. That day job really was lame.

operating a startupA key component of running a successful small business is maintaining your positivity and composure even during those loop-di-loops. Consumers can be very intuitive of the first signs of faltering on the back end, and the front end of your business may suffer as a result.

Here are six tips for keeping your sanity as captain of the "SS Startup," so that all your consumers ever see is smooth sailing.

1. An apple a day (and exercise and plenty of sleep).

The most obvious strategy in maintaining mental and emotional health is also the most overlooked. When in decent health, people often take their wellbeing for granted. Be purposeful in what you eat and drink, and exercise for 30 minutes every day. You'll have more energy, self-confidence, and less stress. Plus, creative people generally agree that one of the best ways to get ideas flowing is to go for a walk or jog-the fresh air and boost in metabolism really can work wonders.

When your brain just can't calm down, try meditation. It may seem cheesy, but yoga and guided meditation classes have been gaining huge traction for a reason. Think of it as erasing all the old junk from your e-mail inbox-a clear mind just feels better. Check out some online resources or a local wellness spot near you for more info on how to get started.

2. We all need somebody to lean on.

Is it safe to assume your business partners, employees and interns are all fabulous people to be surrounded by on a daily basis? Excellent. But when it comes to keeping your cool, confiding in them may not be your best option. No one can do it alone - so don't be afraid to reach out for support in any way you need. Widen your circle to plenty of people who are willing to lend you their ear, and be open about lending them yours, as well.

If you've had a mentor in the past, remember that just because you no longer work with them doesn't mean your relationship has to end. Mentorship is a symbiotic relationship. Just as mentees gain knowledge and advice in their endeavors, mentors get a sense of fulfillment and sustainability in their experiences by cultivating a fresh mind. Don't be shy.

3. It may be a shark tank, but you can be koi.

It may be temping to research your competitors on a daily (hourly) basis. Are you keeping ahead of the curve? What are their consumers writing in their reviews? Do you even stand a chance? The truth is, your competitors are trying to keep their cool, too. You're never getting the full picture of their business, so you don't have to let it inform your view of yours. Allow yourself to check out what your competitors are up to once a week or less and you'll maintain your focus - and sanity.

4. Switch it up.

A change in environment can do wonders for productivity. Whether that means rearranging your office furniture, working in your kitchen instead of your living room for the day, or enjoying an overpriced latte in the hippest neighborhood hangout, you are actually more influenced by your surroundings than you might think. Never underestimate the power of natural sunlight or a colorful painting-inspiration is absorbed in even the subtlest forms.

5. Get a life.

You know you need to take some time off, so do it! Feeling like a well-rounded person with experiences and interests outside of your startup will do wonders for your perspective, charisma and overall wellbeing. You're more likely to meet interesting people if you've got more to talk about than sales projections. Laughter is important, so go see the newest Seth Rogan movie. Go skydiving - your business will look a lot different from 13,000 feet.

6. Renew your vows.

Everyone says it, but that's because it's vital: "Do what you love." Never forget why you are devoting your life to your business. True love never fades, but passion does need some nurturing. To keep your motivation raging and your fires blazing, attend a startup weekend or get a drink with other entrepreneurs. Read some small business success stories. Revisit old mission statements and e-mails you wrote when your ideas were first starting to blossom.

Stay the course. Keep your cool. Do great things. And have fun!

About the Author: Diana Gomez, Marketing Coordinator at Lyoness America, implements business and social media marketing strategies. The Lyoness loyalty rewards program, where businesses and consumers benefit with free membership and money back with every purchase, can now be accessed on mobile devices

September 24, 2014

project managementFor those of us who tend to embody the type-A persona over the type-B, planning projects to the very last detail comes as second nature. For example; few, if any, of us would begin a cross-country road trip without first planning out where we want to go, what we want to see and how we want to get there. And during the trip, a traveler will often review how far they've traveled, how far they have left to go and what adjustments to their planned route may be necessary. Even then, as they say, the best laid plans of mice and men often go astray.

So how do you go about setting up a plan for your project that will give your organization the desired outcome? Unfortunately, these lessons are often lost on the modern world of accounting, making poor planning, or no planning at all, one of the most costly mistakes in project accounting. So just how much will your organization be affected by poor project planning?

Let's take a look at these issues.

Flying Blind

Just like a trip with no destination, companies often make the mistake of planning out a system for project accounting without giving much thought to their destination. In this case, the “destination” is the kind of reporting they would want to generate three, six or nine months down the road. You can get a better grasp on the desired outcome of a project by asking questions like: what kind of key performance indicators do they want to be able to measure the company by? What kind of information will they need to be able to evaluate their company strategy for the next quarter? What kind of figures will they need to be able to determine the success or failure of the given project?

By taking adequate time at the very beginning to determine what information you want to have down the road, you can then properly implement project accounting.

Asking the Wrong Questions

So maybe you have done your research and have determined the key performance indicators you will be using for your project and their desired outcome. But how do you know that you’ve implemented the correct KPIs to begin with? Going back to our road trip analogy, if you were planning a trip across country, you wouldn't use a map that focuses on local points of interest in one particular region. Why? Because it would be too specific and too narrow in focus to be of practical benefit.

Similarly, many organizations make the mistake of designing their data collection system with one department in mind, and with extremely fine-tuned KPIs limiting the site and scope of the project as a whole. The problem with this approach is that your average employee doesn't think like an accountant. As a result, just like a very detailed, but very specific map, a data collection system set up in this way will create more trouble than it's worth. Employees will get frustrated with it and can end up submitting inaccurate reports because of the flawed system.

So what do you need to do to avoid this mistake? Focus on efficient reporting. You will need ample information to track the project’s progress, but try not to create a system that focuses on acquiring every possible scrap of data, to the point that it bogs your employees – and your project - down. Decide what you need to track, and design the system to collect that information as succinctly as possible.

Here are some great options to consider when determining the data sets you’ll use in your project:

  • Billiability
  • Adherence to estimate
  • Percentage of projects that are profitable
  • Available resources
  • Scope of milestones within timeline

Make Adjustments Accordingly

In the end, it’s all about revisiting the initial plan. Just as you periodically review your progress on a trip, it's essential to periodically review how well your project accounting plan is working. All too often, companies put a method into place and never revisit it.

Unfortunately, the truth of the matter is, you may not get it right the first time, and that’s okay. Only through periodic reviews, every three or six months, will you be able to see what is working, what isn't working and what might work better with a little tweaking.

By taking the time to plan with your end goal in mind, designing the most efficient route to that goal and periodically review your progress, you can avoid some of the most common project accounting mistakes.

September 23, 2014

Poll Provides Better Understanding of How Customers Use Journyx Software

AUSTIN, TX (September 23, 2014) – Journyx today announces the results of the 2014 Journyx Customer Survey that reports a complete overview of how Journyx time and expense tracking software is used by customers, how data insights help customers to run a more efficient organization, and how vital cost tracking is to their everyday duties. The full survey infographic can be found here.

The survey shows that the majority of Journyx customers use the time and expense data they collect for the purpose of cost accounting. Using the data for billing came in second. Additionally, 56 percent of respondents report their time and expense data directly within Journyx while 54 percent have integrated Journyx with Microsoft Excel reporting.

“The 2014 Journyx Customer Survey is not only a great resource for understanding how our product is best used, but it also allows for a clear and open line of communication with our customers,” said Curt Finch, CEO of Journyx. “From long-term to new customers, this report gives us great insight into our customer-base and how we can better offer the best time and expense tracking software on the market.”

Other findings in the survey include that 83 percent of businesses say that cost tracking is vital to their everyday job. The majority of Journyx customers are based in the United States, with Canada coming in second and the United Kingdom in third. The top industries for Journyx customers include business services at 19%, government contracting at 18% and software companies at 11%.

The report also includes data from the 2012 Journyx Customer Survey; the two data sets aggregated provide a full picture of how customers use Journyx time and expense tracking software, the primary uses of which include cost accounting, billing and payroll.

The full interactive infographic survey results can be viewed here.

About Journyx

Journyx is not your average software company. We strive to be relentlessly creative and to build tools that help you spend your time on things that matter. After all, time is all we have. Founded in 1996, Journyx offers customers two solutions to reach the highest levels of profitability: Journyx – project, time and expense tracking software – and Journyx PX – resource management software that provides work and financial forecasting for a complete picture of project and budget status, employee time and availability. Journyx has thousands of customers worldwide, including Crate&Barrel, Schlumberger, BP, Big Brothers Big Sisters, Callaway Golf, Honeywell and many others. For more information, visit www.journyx.com.

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September 22, 2014

Last Tuesday, September 16th, Vincent Apesa, CEO of Broadleaf, partnered up with us here at Journyx to present a webinar focused on how much a government contract management system (COMS) can revolutionize the way you do your job. What does that mean, particularly? Well, for those in Federal Government Contracting, that means standardizing contract processes and getting rid of the need for using Excel Spreadsheets.

From a high-level view, the highlights included points such as how to track your contracts, generate billing documents, track deliverables, and get access to contract information instantly.

 

For a more detailed perspective, the way that COMS works at it's finest is giving you a dashboard overview of things like "number of contracts by type", "expiring contracts", and dividing up those projects in a way that makes the most sense for your working processes.

It can also interface directly with Excel should that be a process you would like to keep involved, and automatically inputs values into your spreadsheet to get you a full picture of your aggregated data.

If you want to see more about this handy tool, check out the full webinar and see for yourself in the video below!

September 18, 2014

For the past few weeks we've been asking our (very gracious) customers to take a second of their day to fill out our 2014 Journyx Customer Satisfaction Survey. We've carefully parsed together the results--comparing our findings with the 2012 survey from two years ago--and the data is so fascinating we thought it couldn't go unshared. Each and every one of you that answered our survey contributed to helping us figure out ways we can do better, ways in which our product is used the most and how we can be of service. See the results for yourself in our interactive infographic below!

 

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