Project Profitability
In professional service organisations where staff time is both the most valuable and the most costly resource, effective control of timesheet data is vital for ensuring your projects remain profitable. Moreover, your clients and stakeholders want to know how time is being spent on their projects, expect regular updates and you need to provide the evidence.
It is no secret that for busy professional staff recording project time is often seen as a ‘lower priority’ administrative task. As result employees leave time recording to the end of the day or even later and the accuracy of timesheet inevitably suffers. In order to account for all the hours in their day employees tend to allocate more time to administration or non-billable time which affects profitability.
Sage Coretime has been specifically designed to help busy professional staff to easily record their timesheet and expense data. The ‘familiar’ feel of this web-based software tool actually encourages more regular usage. The controls which can be set within the software give you a valuable tool to manage timesheet data with the minimum of effort.
Effective timesheet and expense management software.
- Quick and easy web-based interface.
- Encourages staff to record time throughout the day.
- Allows staff to record expenses against jobs/activities.
- Allows staff to record notes against expenses which provide valuable evidence data.
- Improves focus on billable activities through on-screen productivity measures.
- Allows profitability to be viewed right down to invoice level.
- Provides data to present to clients to help you recover your costs.
Improved productivity.
Because it is designed to encourage users to complete timesheets throughout the day, you get more complete and accurate data. You rid your organisation of inefficient manual systems, speed up data entry and allow staff to spend more time on billable activities. Staff are encouraged to focus on billable time as the software calculates billable hours over non-billable hours. Productivity ratios viewable on screen give you valuable data to allow you to manage staff and projects better and improve overall productivity.
Improved recovery rates.
Sage Coretime allows you to improve recovery rates on your projects by giving you access to more complete and accurate data.You are easily able to identify time and expenses which fall within the agreed budget and those which clearly do not. Staff can enter detailed notes against activities which gives you data to manage projects better and evidence to present to clients to improve recovery rates.
Project data to plan in profitability on future projects.
Accurate project data allows you to plan future projects more effectively. Within Sage Coretime you can use project templates to plan new projects and test out different scenarios to optimise profitability.
Software with proven quick return on investment.
Our clients tell us that while getting rid of inefficient timesheet systems was the key driver in purchasing Sage Coretime, the business benefits have been much more far-reaching. Increased visibility of project data has led to substantial cost-savings. As a result the return on investment is typically achieved within three to six months.
Read about how some of clients have benefited from using Sage Coretime project management software in our Case Studies. Read the Severn Partnership Case Study
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