Invoicing and cooperation

If your company sells projects at an hourly rate or at a fixed price, it is necessary to have control of time and resources.

Your customers require documentation of performed work. Your company needs to ensure that as much time as possible is billed. And if your company is to grow you need continuous evaluation and cost accounting on tasks performed at a fixed price.

TimeLog Project provides consultancy services with a full business system that includes functions for time tracking, analyses, invoicing, expense reports, and CRM.

Efficient and detailed time tracking

Quick and simple registration of time is vital in the consultancy industry. Consultants have to register their time spent on specific tasks on a daily basis – despite their physical location. And it has to be done within a few minutes.

TimeLog Project enables you to register time in two ways. There is a personal weekly timesheet that ensures a general overview, and a project-based time registration feature which emphasises both speed and details.

Reports customised for the industry

In addition to project management and business reports, TimeLog Project includes reports specifically customised to meet the requirements of the consultancy industry.

For example, TimeLog Project includes reports illustrating each consultant&rrsquo;s billability, and the relation between cost price, billing potential og realised billing.

Moreover, you can draw reports showing specific consultants' workload or the distribution between internal and external tasks.

Precise invoicing and documentation

TimeLog Project connects the dots between time tracking, invoicing, and analyses. TimeLog Project's invoicing module links time registrations, expenses, and travel expenses to an invoice and a specification of the records listed on the invoice.

Then the invoice can be adjusted according to the specific customer – and those adjustments are added to the reports that show a project's or an employee's contribution margin.

Competence management for consultants

TimeLog Skills is an online CV or competence module where each consultant maintains their own CV and keeps it up-to-date. Sales people or project managers can search for specific competences or print CVs e.g. to enclose in a quote.