QuickArrow Announces Availability of its Winter '06 Product Release

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Winter '06 Release Features Subcontractor Invoice Reconciliation, Web Services API enhancements, and Usability Upgrades

QuickArrow, Inc., the leader in Professional Services Automation (PSA) and Management Solutions, today announced the availability of its Winter '06 product release.

This latest version of QuickArrow's Software as a Service (SaaS) application adds Subcontractor Invoice Reconciliation capabilities which dramatically reduce overhead and support Sarbanes-Oxley compliance - a critical initiative for QuickArrow's clients.

QuickArrow Vice President of Product Strategy, Louise K. Allen, commented, "PSA was originally designed to automate the numerous processes inside the Services Organization--which it has done very well. So well in fact, that now our clients are asking us to help them manage the processes associated with managing their partners, contractors, and offshore resources, who already comprise more than 10% of all QuickArrow users."

Allen added, "Specifically, our clients told us that they wanted to reconcile the invoices they receive for their contractors within QuickArrow. This is the next step towards our vision of automating the entire Services Supply Chain, and we're proud to be the first and only PSA vendor to offer this functionality."

Stephen Satterwhite, Founder and CEO of Entelligence, agreed, "Subcontractors are a critical part of our business, and until now, nobody has offered us the ability to manage them so effectively. The ability to automate and track our vendor time entry and reconcile it with subcontractor invoices is tremendous."

This release also extends QuickArrow's technology leadership through enhancements to their SOA supported Web Services interface and further use of AJAX technology to enhance the application's usability and performance.

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 22,000 users under contract 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 Salesforce.com, Borland Software, Symantec, Genesys, Informatica, and Proxicom. To learn more about the business impact QuickArrow can have on your organization, please visit http://www.quickarrow.com.


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