Integrations & API Improved project financials

Keep track of business and head towards higher profit

Four years ago, Excel sheets helped the environment and engineering company DGE keep track of the billable time. Then they implemented the digital project and time tracking system from TimeLog, and according to CFO Hans Jørgen Nielsen, they have experienced both short and long-term gains since the implementation in 2014.

”The Excel sheets were a heavy model, which provided a poor overview and challenges when it came to invoicing the employees’ work,” Hans Jørgen Nielsen says.

”When we started using TimeLog, we got a much better overview of the invoicing potential, both overall and on an ongoing basis,” he explains.

We are now more aware of how we manage the business. With our key figure reports, we always know how far we are on specific KPIs.

Hans Jørgen Nielsen

Chief financial officer, DGE

From low profit to profitable projects

The engineering industry typically struggles with low margins, and according to Hans Jørgen Nielsen, DGE earlier faced a challenge in making sure time was not wasted on projects with low profits.

We now know exactly where to put our focus. The biggest gain is that we now can compete with the big players in the market, because we have exact data enabling us to avoid projects with a risk of a very low profit.

Hans Jørgen Nielsen

Chief financial officer, DGE

Key figures in real time

According to Hans Jørgen Nielsen, it is essential that consultancies have access to key figures in real time and a constant overview of the project finances to keep focus on the business:

”When consultancies reach a certain size, they must have a digital project management tool. We live on selling hours, and everything must be tracked. With digital project management, we have an overview of everything we earn on sub-projects all the time,” Hans Jørgen Nielsen says and further explains.

”We are now more aware of how we manage the business, e.g. how many internal meetings we have and which projects we can invoice. With our key figure reports, we always know how far we are on specific KPIs.”

Integrated systems removed double work

Hans Jørgen Nielsen estimates that DHG has saved time by integrating the system with the company’s financial system, Navision.

”Before TimeLog, we often experienced double work, when we needed to enter information from Excel in a different system,” Hans Jørgen Nielsen says and adds ”The business systems have to integrate. It is a must in a modern consultancy.”

DGE are satisfied with the implementation process and is currently implementing TimeLog in the subsidiaries in Lithuania and Sweden.

DGE is an environmental and engineering consultancy with 60 employees in Denmark. They work with environmental sustainability among other things within construction. They are a part of DGE Group, which is present in Scandinavia and The Baltics with 150 employees in total.