R&D projects are often long-term, where goals and sub-goals constantly change in line with research results. TimeLog Project is created to manage long and complex development processes where many employees and employee groups collaborate.
Time is a critical factor when the name of the game is reaching innovative goals before competitors. An improved allocation of resources is possible when the company has an overview of its time consumption. This may just determine the race in your favour.
TimeLog Project has several features for project managers making it easier to manage the course of development - it also becomes easier to give project managers more responsibility, because they now have the necessary tools to manage the development processes and report on progress.
External investors require access to relevant information, and petitioning for public and institutional funding demands precise documentation.
Frequently, research companies find themselves in the middle of a development where acquisitions, cooperation, and possible partners change constantly. To avoid administrative overload, it is necessary to have a functional finance management.
Documentation is a central part of TimeLog Project and the system includes reports adjusted to different target groups.
Investments in traditional ERP systems are rarely possible as the implementation process is long and stresses both the management and employees.
In addition, most R&D companies do not want to commit to long-term investments in complex IT systems, because who knows where the company will be in six months time?
Therefore TimeLog Project can be leased as a hosting solution where the company is only invoiced for the number of users employing the system – and does not commit to long-term IT investments. However, it is also possible to purchase a TimeLog Project license and install it on the company's own server.