Newedge Streamlines Processes, Obtains 360 Degree View of Projects and Resources with Journyx Timesheet

AUSTIN, TEXAS (July 6, 2011) – Journyx today announces that Newedge – a major force in global multi-asset brokerage business – is using Journyx Timesheet for time tracking, project management and invoicing, and realizing the added benefit of complete visibility into their projects, resources and more. Newedge uses Timesheet to track the hours of all IT personnel, types of projects, baselines and enhancements.

A thriving company, Newedge faced a growing problem: they needed a way to track everyone’s time in IT towards the project they were working on. After researching several time tracking software options, Newedge chose Journyx Timesheet and uses it to keep projects on track and within budget, track and monitor employee time, and seamlessly invoice customers.

“We use the data from Journyx Timesheet as the main tool for rebilling customers (which are other departments) for our services,” said Marcella Pérez, IT Governance Analyst for Newedge. “Because we can make changes so quickly in the system, we can promptly help our Service Cost team explain why we are charging the customer for a particular service.”

“Timesheet is a window into the real-time costs of any organization,” said Curt Finch, CEO of Journyx. “It provides a thorough understanding of costs at every level of the business and complete visibility into these costs for everyone in the organization who impacts them. Newedge is making very smart business decisions by ensuring that all projects and resources are optimized to their fullest potential.”

“Because of information we obtain from Journyx Timesheet, our IT department stays on target for the mandated hours for projects,” said Pérez. “Managers can see what projects the employees are allocating their time to, which allows them to make necessary increases or decreases to headcount. Overall, Timesheet is incredible!”

About Newedge

Newedge, a 50/50 joint venture between Société Générale and Crédit Agricole CIB, is a major force in global multi-asset brokerage business, with a world-leading position in the execution and clearing of listed derivative products. For more information, visit http://www.newedge.com.

About Journyx, Inc.

Journyx helps customers intelligently invest their time and resources to achieve per-person, per-project profitability. Journyx Timesheet is a timesheet and expense management solution that enables organizations to automate management of employee time and expenses for project control, customer invoicing, and payroll processing.

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