Why Tracking Time Is Crucial for Professional Service Companies
If history sets a precedent, maybe the most notable profit drains of business profitability are unbilled expenses and time. For many years, inefficient and outdated methods of tracking time and expenses have cost professionals such as accountants, designers, architects, lawyers, and consultants millions in uncaptured profits. At times, the losses can be huge because, a [...]
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7 Marketing Strategies Used by Successful Consultants
Once your practice is established, it is time to begin marketing your services to prospective clients. After all, your consultancy firm needs to attract enough clients to stay in business. However, you must be aware that, marketing your consulting services is very different from selling a tangible asset such as a house or a car. [...]
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10 Essential Reasons To Use Online Time Tracking and Billing Solutions
Whether you are a contractor, an independent consultant, a small business, or a large corporate entity that pays its employees by the hour or bills its clients based on time, investing in a system that tracks all your billable hours is exceedingly essential. Well, here, we are not talking about the inept, manual tracking systems [...]
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5 Top Sites To Hire Freelancers and Independent Contractors for Any Project
Even for companies with a stellar full-time workforce, situations usually arise where short-term external help is required. Large-scale projects, therefore, might demand additional employees if at all deadlines are to be met. Alternatively, specialized projects may require unique expertise not available in-house, further justifying the need for skilled temp workers. If you can articulate the [...]
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5 Tools to Make You a Better Project Manager
Whether you are new to project management, or you are primarily looking for some simplified, modern ways to revolutionize processes in your organization, there is a range of project management tools that you can take advantage of nowadays. For all your project management needs, start managing smart by investing in some of the following tools. [...]
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How Integrating Time And Attendance Software With Payroll Benefits Your Organization
You as the manager or owner of an organization, have much more important things to do than dealing with payroll and timesheets every so often. Do not get the wrong impression; these are decisive components of your business procedures. But, that is perhaps the best reason why integration of your payroll processes with time tracking [...]
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6 Key Benefits Why Nonprofits Should Embrace Time Tracking
There is nothing straightforward about managing a nonprofit organization. It takes much effort to seek funds, hire and retain workforce, and in the long run, deliver on your mission. Perhaps you are working towards improving education, reducing poverty, conserving the environment, or advocating on behalf of a spiritual, religious, or political movement. Regardless of your [...]
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How organizations use tracking and billing tools to effectively manage their remote businesses
Nowadays, remote and virtual businesses have become very popular, and managers can oversee their companies’ operations regardless of where they are. Modern technological innovation particularly has provided the business world with fresh ideas for better collaboration and communication. However, as simple as it may sound, various factors determine if a business operating remotely will succeed. [...]
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How Agencies Benefit From Investing In A Time Tracking Software
Running an agency without keeping an eye on time? It is technically doable; however, it is absolutely not ideal. For many agencies (if not all), profitability is tied to the number of hours they can bill out to customers every week or every month. And for this to be attainable, employees must correctly track and record [...]
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Time Is What Organizations Want Most, But What Many Use Poorly
Peter Drucker, a renowned management consultant, once said: “Time is the scarcest resource, and unless it is managed, nothing else can be managed”. Good time management in an organization increases productivity, as vital projects and tasks tend to get done first and on time. With that said, here are three key strategies organizations can employ [...]
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