Project Cost Management with Timesheets
Project cost management is central to our services for you. Offering real-time cost reports on your projects enables you to forecast and manage your workforce's time more efficiently.
Complex Rates
Project pay and charge rates often vary based on multiple factors. You may have a base rate that you charge a client, which is determined by employee roles, but it may change depending on where they work and their working hours.
Timesheet Portal simplifies the management of your project costs and billing by providing a hierarchy of rates, where default rates can be specified at either the client level or the project level, which can then be overridden by individual tasks, locations, or roles. Overtime can also be automatically applied under the same rules.
Billable and Productive Work
To truly understand how efficiently your workforce is operating, you need a comprehensive understanding of where time is being spent and how much of those costs are being recovered. Timesheet Portal gives you the power to determine whether you've forecasted your project resources correctly, enabling you to finetune each phase of work accordingly. Tracking work based on whether it's billable and productive is one of the tools that will help you achieve this.
Analysis of Work by Cost and Profit Centre
Running a business with multiple profit and cost centres requires thorough analysis to understand where the costs originate, ultimately providing you with a comprehensive overview of the profitability of each profit centre. Our in-depth project reporting enables you to track how your work is allocated across different cost centres, equipping your finance departments with the data they need to efficiently recover costs between various cost centres and business units.
Budget Monitoring
Whether you are working on external projects with fixed or variable costs, a time tracking tool is essential, as the time spent by your resources ultimately affects your project profitability. Our project budget monitoring features enable you to identify issues before they become significant problems. Multiple budgets can be established for different time periods, allowing you to align them with contracts, extensions, financial quarters, or any suitable time frames that meet your needs.
On-screen views of project budget use by cost and charge allows you to easily identify budgets which are nearing depletion, which can also be exported into speadsheets for more accurate budget monitoring.
