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Press Release
QuickArrow Releases Alerts & Enhanced Billing and Invoicing Workflow
Release 5.1 Delivers Immediate Financial Results to Customers
Austin, TX. - September 4, 2002...QuickArrow, the mid-enterprise leader for professional services automation (PSA) software, announced software release 5.1 which enhances its' position as providing the strongest billing and invoicing workflow in the market today. The advanced functionality enables professional services organizations to optimize their financial bottom lines with increased cash flow, reduced days sales outstanding (DSOs), and improved client satisfaction.
"Ensuring that clients are billed accurately and efficiently is critical to any professional services organization. Time and expenses have to be entered, approved by the project manager, and approved by the financial managers before an invoice is generated," stated Debbie Weiland, accounting manager, ThinkFast Consulting. "With the new workflow and alert functionality in the 5.1 release, ThinkFast will continue to reduce the cycle time in our billing and invoicing process, which translates into improving cash flow."
"The new QuickArrow release has only been available for a few days, and we already have gained significant insight into our operational workflows, allowing us to tighten processes and increase efficiency," said Nicole Johnson, senior manager - service delivery, InterNetwork Experts. "We have been very pleased with QuickArrow as it has become an important tool in the successful management of our professional services operations and each new release has increased the overall value of the product for us."
According to the Aberdeen Group's Professional Services Automation End-User Research Study (November 2001), "QuickArrow's strength is its ability to improve the management of the financial aspects of services organizations. Every customer surveyed believes the vendor [QuickArrow] has an excellent vision and will continue to innovate." With the 5.1 release, QuickArrow continues to build on its well-documented strength and vision in the marketplace.
About QuickArrow, Inc. (www.quickarrow.com)
Austin, TX-based QuickArrow, Inc. is the professional services automation mid-enterprise leader. QuickArrow sets the pace in design and delivery of intuitive business management software for professional services organizations, information technology services firms, software companies, management consulting firms, web development firms, and advertising agencies. QuickArrow's Enterprise Consulting Suite enables services organizations, and their partners, to optimize resources; collect and approve time and expenses for billing; refine project delivery; and gain invaluable insight into their business processes. Firms using QuickArrow's software quickly develop best practices and gain a competitive edge in the professional services marketplace.
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