Track the profitability of each project, monitor employee utilization, and don't miss a single hour on T&M.
The consulting and professional services business is based on the knowledge and expertise of employees. Whether it is strategic consulting, auditing, or accounting services, the time and expertise of the employees is at the core.
Careful time-tracking, planning and control of project performance and economy, resource allocation and utilization tracking are the keys to success and competitiveness in a challenging industry.
Timetta is tailored for the consulting business and meets its specific needs. Fixed-cost and T&M-based project management is available, with strict control over every billable hour from timesheet entry to client payment. Timetta tracks time using timesheets, which is the standard for time-tracking in consulting. Advanced resource allocation, project planning, and utilization control make it more cost-effective to use the team.
Timetta is a simple and smart solution to help you take control of your business.
Time-tracking is performed using flexible and customizable timesheets. Validation rules help to avoid filling errors, as well as an advanced timesheet approval process.
Each time entry is provided with a detailed comment, which improves the quality of time-tracking and simplifies management and client approvals.
The timesheet immediately shows the utilization of the employee for the period, and allows you to keep the most important metric under control.
Resource allocation increases utilization through optimal resource allocation and reconcile scheduling conflicts, which is especially important when your team works on multiple projects at the same time.
Project resource plans allow you to book the project team and immediately figure out the planned direct labor costs, it gives you control over the financial performance.
Team utilization is extremely important In consulting business, which is why the resource management is aimed at achieving its sustainably high level. At the same time excessive utilization is controlled in order to prevent burnout and professional degradation of qualified personnel.
During the planning phase of a project, a budget is created and then the actual performance is tracked. Various methods of revenue recognition are supported, including the earned value method.
Convenient and customizable P&L allows you to track the project economy in real time, broken down by months, in order to see issues beforehand and fix the situation.
A unique feature is the ability to display a forecast directly in P&L so you can assess the project’s expectations
Keep all metrics under control with visual dashboards and comprehensive analytics reports. A set of data sources with hundreds of metrics is available so that every aspect of your business is understandable and predictable.
Timetta includes a dashboard and report builder, it also supports creation of additional calculated field.
If required, data can be connected to external BI systems or exported to Excel.
Timetta is an easy-to-use, cloud-native solution built specifically for consulting business. There is no need to refine systems that are not designed for this purpose, wasting your time and money.
Timetta is an accounting and analytical solution, it does not replace task management and teamwork systems, but complements them, serving its purposes well — time-tracking resource management, project economy, and customer billing
More than 120 employees at the ALTHAUS investment consulting group are successfully using Timetta to track working time. The company implemented Timetta in order to evaluate the efficiency of its employees and the marginality of its projects.
User-friendly interface, cloud storage solutions, and incredible functionality allowed implementation of the entire solution for their commercial operation in the shortest possible time.
Premium IT Solution is a company with more than 150 highly-qualified IT experts developing, implementing, and maintaining various software solutions. Thanks to Timetta, we are able to allocate working time and control paid services and our expenses, strictly controlling the key performance indicators of the projects and employees.
Timetta takes all the specific aspects of our business into account and is very convenient to use during regular business operation.
