Are you leaving money on the table?
If billable hours are the basis of your business
, efficient time tracking, project tracking, and invoicing is more than just record-keepingit's money.
The primary consultant or service provider may bring in another party to consult, but time isn't logged for the second party.
Total minutes of service are not captured.
Time is not allocated to project.
Small units of time do not get recorded.
Switching between projects isn't allocated, resulting in overbilling one client and underbilling another.
Integration with project management and invoicing
It's easy enough to install a time clock in your system tray, or even use the old-fashioned notepad by the computer screen method, but there is a limitation to both options. Project managers need regular updates to make sure a project is on schedule and on budget, and regular updates of time spent by each participant on each task is essential. With such information, the project manager is able to make any adjustments needed as the project progresses. The ability to see progress and time spent at any given moment is invaluable to the project management function.
[/one_half_last]Some of the more basic project management tools are calendar- and timeline-based, and for routine tasks it may be adequate. But, without time tracking integrated into project management, the project manager is limited to verbal and written reports that give only a static picture at the time they are presented. If a project goes off schedule, the manager won't know it until the next written report is provided.
Software-as-a-service tools such as
Skylight provide this level of integration. Each project member can easily record their start and stop time, and the system calculates hours. The time is automatically calculated at a preset rate, so it can flow automatically into the invoicing function.
What makes a project successful?
Taking a project team out of the physical constraints of a brick-and-mortar office means that something is being lost beyond the ability of co-workers to meet in the break room and complain. A successful virtual project will add those lost items back in with good project management, a common project portal that can be accessed by every team member, and a tracking system that allows each member to track their progress and for the project manager to view progress as it happens regardless of location of the team members.
The Skylight Advantage
Skylight makes sure you're not leaving money on the table. Every team member can log in and track their time on each project, the project manager can get regular updates on the status of any project at any time.
With a full set of web-based project management, resource scheduling, CRM, and accounting tools, all in a common interface, it's easy for a business of any size to enjoy the advantages of the virtual office, and to make sure the project is successful.
Are you leaving money on the table?
By: Taimur Khan
Jabalabs review is an Antioxidant Cream Jabalabs review Can Give Your Skin a lift Jabalabs review Can Turn Back the Clock When Do You Need Private Money Lending Floor Partners reviews and complaints - Choose Cho Yung Tea – Cho Yung Tea Review Uncovers Straight Facts Capsiplex Review - Why Choose Capsiplex? Honest 20 Minute Payday Review + BONUS WORTH $3,000 FREE! Making Money 20 Minute Payday Review Easy Callaway X-22 Irons Review Futuristic Titleist AP2 Irons Review Adjustable Pioneer TaylorMade R9 Fairway Wood Review High BPO Growth Prevents Recession