Manage your time and invoice more
TimeLog is for consultancies that wish to replace internal solutions and excel sheets with a professional business system.
Time is money, especially for consultants who live of selling their time. To invoice as much external time as possible, the daily paperwork must be at a minimum. TimeLog Project provides you with a unique link of time tracking, financial project management including automated project invoicing and invoicing, which makes advanced analyses of revenue, efficiency, productivity, bonus basis and coefficient of utilization in real time possible.
Numbers in time in TimeLog
With consultants on the road, it is important for consultancies to continuously follow the development.It is therefore important that you can follow key figures such as utilization (internal/external %), contribution ratio, invoicing ratio and KPIs per employee. You can keep calm and react to inconveniences before it is too late.
Many consultancies especially within the management industry often manages longer projects that run over many weeks or months. With the TimeLog EVM module, you will be able to continuously set the value of your present work, get an overview of the progress on the project, and the distribution of value per consultant for bonus settlement.
There often is a need for making different contract types on the projects, as customers and projects are never the same. With pur eight contract types it is possible to gain the true insigt of your project economy, also when buying services from suppliers to your customer projects. In practice, this means that e.g. travel time and expenses can be separated from the main contract and potential extra deliveries are managed separately within the same project. You decide what amount external costs are of the value of a contract.
Keep track of your resources and reach your deadlines
Resource management is a challenge for most companies. We have a resource planner in TimeLog that gives an overview of the booked resources and resources available for new projects. At the same time, you have the opportunity to see your earning potential based on the planned work.
Link your business systems
Invoice in TimeLog to unify the project economy, and thereafter transfer the invoices to e.g. e-conomic, Microsoft dynamics Axapta or Navision or Visma Administration. If you use a different financial system, e.g. C5, it is possible to import the invoice base by using TimeLog’s invoice export while booked project costs from the financial system are imported into TimeLog with the build-in cost import. By doing so all data about the project is in one place, and all project managers have an overview of the project economy.