This London-based consulting company found fast initial success in its industry and soon realized the way the business tracked time spent on projects was inaccurate and outdated for a company of its size. Excel spreadsheets just didn’t cut it anymore. Instead, the business used Timewatch’s Time&Space® product and has never been more efficient over all aspects of its business.
Why do companies track time?
Timesheets to help manage your resources.
“We are a rapidly growing company and the thing that we were struggling with – like many growing organizations – was with reporting and management information,” explains a company executive. “We use Timewatch to be able to manage the time that our teams are spending and then look at our resourcing to make sure we have enough resources in place and to also see if the projects that we are working in are profitable.”
“We don’t know what we are going to get paid until after a project is finished. It is like a real estate agency. You don’t know what it is going to be worth until you have sold it. Therefore your percentage of whatever is is negotiable.”
Does tracking time help improve productivity?
It does, and tracked time helped this business understand its business
“A lot of our projects will be four years in the making,” says the executive. “When you start off on a project you can do an awful lot of work up to a high level with high costs and only three or four years later do you know what you have been paid for it. We need to be able to work backwards to see how much time was spent on it. The time tracking element of Time&Space® has proven to us to be very useful because it has given us insight to what we didn’t previously have.”
Timewatch products are cost-effective and meet your budget and needs
An important reason for implementing our products was its custom options. Timewatch products don’t weigh you down with unnecessary add-ons and don’t overcharge you for things you don’t need – or want. Another thing: our products are very simple to use. Don’t believe us? Ask a customer.
“We didn’t want to spend millions implementing a huge system that we didn’t trust, and a lot of the systems had too much functionality for our need,” the executive explains. “We could be paying for an awful lot of software that we wouldn’t use and we didn’t want something that would take hours and hours to train people on and would make their lives more cumbersome.”
“In the past, from a user’s point of view, the people we were tracking didn’t have to do anything to log their hours. So we didn’t want to put in a huge system where they now had a massive obligation to do something just so we could track their hours. We wanted it to be as simple as possible and ideally in Outlook or look as much like Outlook as possible because that is what we are used to using.”
Click here for more information on Timewatch products and how they can help your business.