QuickArrow Announces Availability of Spring ’07 Release

Spring Release Features Earned Value Management (EVM) tracking and tighter controls around Time and Expense auditing to further support Sarbanes-Oxley compliance

Austin, TX, May 21, 2007 --(PR.com)-- QuickArrow, Inc., the leader in Professional Services Automation and Management Solutions, today announced the availability of its Spring ‘07 product release. This latest version of QuickArrow’s Software as a Service (SaaS) application incorporates automatically calculated Earned Value Management (EVM) metrics to provide clients with greater visibility into project health from a cost management perspective.

“Our clients asked us for the capability to better track project status and to proactively identify and correct any cost performance issues before the project scope is affected,” said Louise K. Allen, QuickArrow Vice President of Product Strategy. She continued, “These Earned Value Management metrics do just that, giving our users the ability to objectively measure project progress, and providing even tighter control over their projects.”

Proxicom’s SVP of Delivery Management, Darren Prock agreed, “At Proxicom, EVM metrics serve as early warning indicators of project performance problems. This early visibility to project health gives us enough time to take corrective action if necessary. This latest release from QuickArrow automates these metrics to give us deeper project analysis capabilities that will allow us to manage our projects and costs more efficiently and effectively.”

This release also includes upgrades to QuickArrow’s auditing capabilities, with a Read-Only project view that allows clients to restrict access to the editing of financial data, and the ability to report on all historical Time and Expense activity through a Data Download utility. These features assist QuickArrow’s clients with SOX compliance and reporting. Additional upgrades in this release further extend QuickArrow’s technology leadership with new features and usability enhancements to their Departments, Utilities, and Configuration modules.

About QuickArrow

QuickArrow offers the only PSA solution specifically designed to help billable service organizations achieve the visibility they need to optimize their services delivery. QuickArrow’s Software as a Service (SaaS) application fully integrates with leading SFA, CRM, and financial applications, replacing homegrown solutions and labor-intensive spreadsheets to automate workflows and streamline operations.

Worldwide, more than 25,000 users and 250 services organizations spanning software, IT Services, management consulting, hardware, environmental, and healthcare count on QuickArrow every day to increase resource utilization, capture more billable hours and expenses, and enable more effective decision-making to drive top and bottom-line growth.

QuickArrow’s unqualified SAS 70 Type II certification and innovative Web Services API ensure reliability, flexibility, and data security for clients such as Proxicom, Salesforce.com, Borland Software, Symantec, Genesys, and Informatica. To learn more about the business impact QuickArrow can have on your organization, please visit www.quickarrow.com.

QuickArrow, Inc.
Thomas Meredith