Value Your Time
How much value have we added today? How much can we invoice at the end of the month? What were our plans for the day, and how far have we come?
How many times have we been interrupted by a phone call or an email, and how much time was customer-specific?
Working hours are a limited resource in today’s knowledge companies, so making the most of your time at work is vital. The goals are numerous: a high rate of invoicing, balanced workloads, efficient execution of investment strategies or just meeting deadlines.
At TimeLog, we believe that time registration is as unavoidable a cost for any knowledge company as the costs of rent, electricity and financial systems.
Having invested in a time registration system, naturally you want to exploit its full potential. In addition to using time registration as a means of supporting invoicing, salary administration and distribution of costs, it’s also a means of gleaning information on value creation, work behaviour, strategic and project drive, real work distribution, etc., etc.
At TimeLog, our mission is to optimise the way we use our time at work to meet our objectives – personal, project-related or business-oriented – without losing track and in an efficient way.
In other words, Value Your Time.
...Because TimeLog Project is designed to support the specific needs of consultancy firms for a system to track time and expenses, manage project finances and invoice contracts based on time and material, fixed prices or a combination of both.
...Because TimeLog Project gathers all the vital processes in a single system – and not a financial one. Also, the needs of the consultants – user-friendliness, functionality, flexibility and analytical features – are met without the influence of a financial system’s rules on accounts, bookkeeping, dimensions and transactions.
...Because the unique connection between time registration and invoicing found in TimeLog Project provides advanced analyses of company earnings, efficiency, productivity and rate of utilisation – with no administrative costs and in real time.
...Because TimeLog Project is designed to adapt to consultancy firms’ need for functionality, regardless of scope. Why not start modestly using just the time tracking feature and then adopt additional functions like invoicing, CRM functionality and resource management?
Consolidating these key processes in a single system provides a unique connection between your company data, simplifies daily work processes and offers real-time information on monthly turnover.
All you need
TimeLog Project is developed with the specific aim of managing project finances and invoicing without being a full financial system. In consultancy firms, project managers are usually responsible for project finances and the basis for invoicing, but not for financial matters such as debit/credit, VAT, charts of accounts, etc.
At TimeLog, we advise companies to leave it to their project managers to use TimeLog Project, and let the finance department handle the financial system. Incidentally, this is also the cost-effective solution.
TimeLog Project works closely with commonly used financial systems like e-conomic, C5 and MBS Dyn NAV/AX by file sharing or, as is the case with e-conomic, through integration. Our aim is for you to receive a coherent, user-friendly solution for your business, but at a significantly lower price than traditional ERP solutions.
...But there’s more! Today’s businesses want to build their platform as a combination of best-of-breed systems from multiple suppliers, without having to adopt large-scale integration projects. That’s why TimeLog has developed standard integrations for a number of data and cooperation tools such as MS Project and Sharepoint Online 365. If we don’t have a standard integration for your particular system, we’re more than happy to provide a great solution based on the TimeLog Project Integration API.