You should measure and fit both men and women the same. You are not necessarily going to use the same frame, saddles, crank arm length, stems or handlebars. The actually measuring should be the same. If you follow a fit program (i.e. Serotta or Bike Fit), then you will just be fitting the bike to the individual.

Please keep in mind, everyone is different. Men can have long legs with short torsos just like many women. I ride a men's 49 Lemond. I have short legs with a long torso. Everyone is different.