Some great benefits are:
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- Standardizes project processes and methodology
- Processes are made easily adaptable
- Change are easy to effect across the team
- The cost of compliance is minimized
- All project cost and revenue are accounted
- Deriving optimum output out of the workforce
- Can leverage best practices
Another prominent benefit that needs special mention is: Data can be exported to and exchanged with leading systems for accounting (Great Plains, Sage ACCPAC, SAP Business One, QuickBooks), for payroll (ADP, Ceridian, Paychex), for ERP solutions (SAP, Oracle, PeopleSoft), for project management (Microsoft Project), for CRM (Salesforce.com, Microsoft CRM) and for HR. (Source: Tenrox Process Management)
Tenrox Project Software offers ability of the spotting of problem areas and at the same time obtaining the immediate status of all of the projects, outstanding tasks and requests. The project management software can graphically analyze team performance and project status.