Did you know that nearly 90% of employees admit to wasting time in the office?
For some, it can even go up to 3 hours. As a result, you can miss out on profit margins and miss deadlines. This will invariably lead to a bad reputation in the market and shutting down your business. You definitely don’t want that to happen? But, what can be the possible solution for this?
Well, best project estimation software and time tracking software are the tools you need to streamline business operations and stay ahead of competitors.
Not only do these tools let you create flexible schedules, maximize your team’s potential and get the correct statistics. Besides, it also lets you analyze the productivity hours of employees.
While some feel productive in the mornings, some can deliver their best work in the evening hours. This ensures that you can manage projects, let your staff create their own agendas, and get the best profits.
Now that you are clear on the best free time tracking software, let us understand how it can bring more value for your business.
1. Increased Accountability
While every person wishes to perform their best in both professional and personal life, even the most self-accountable person can feel disengaged. In this case, external motivation can be helpful.
Time tracking software can help you do that. Filling daily timesheets can increase employee accountability. When your team members track their work hours, they can plan their schedules better.
This develops a sense of responsibility and lets them accomplish tasks throughout the day. When your team members know that their timesheets are always available for review, they are less likely to waste time on irrelevant matters.
However, constant surveillance can also lead to counterproductive results. Thus, you must make sure that you let your project estimation software do its job.
2. Simplified Task Management
A project involves many activities and tasks. These need to be completed in a time-bound manner while adhering to the quality and standards set by your clients.
Project estimation software lets you have a 360-degree view of all tasks and activities and distribute it among your team members. Besides, you can use time tracking software to estimate the time required to complete each activity so that no employee feels burdened.
3. Enhanced Work Efficiency
With time tracking and project estimation software by your side, you will always be in the know-how of the tasks that have been completed and are yet to be done.
This way, you will eliminate all guesswork and enhance work efficiency. Not only will your projects be completed faster, but you will also be able to keep a check on its quality and deliver only the best to your clients.
4. Acquire New Projects Faster
Every business wishes to work on new and exciting projects. First to generate revenue and second to build on their professional expertise. But, how can time tracking software help you with it?
Well, when you have a clear idea of how long it takes for a resource to work on a project, you can prioritize project needs accordingly and complete existing projects faster.
Besides, whenever you approach new clients, you can present them with estimated timelines and ensure timely completion. In this way, you will be able to onboard new and bigger clients faster and retain them for the long haul.
5. Faster Invoice Generation
Well, now that you have successfully completed your projects. It is time to bill your clients. However, traditional invoicing can be tough and time-consuming. Moreover, you might forget to include all aspects of your project work with a paper invoice.
Luckily with time tracking and project estimation software, you can cast aside all your worries! These solutions will let you add all your work and bill the right amount to your clients. Besides, time tracking software will also send reminders to clients in case of delayed payments.
6. Advanced Reports and Analytics
A business involves several transactions, and you need to keep up with inventory costs, accounts receivables/payables, and financial reports.
A project estimation software can help you generate detailed reports, forecast revenue trends, and make the billing process smoother. Besides, it also lets you keep up with the changing tax regimes and check how your business is performing in the form of smart business reports.
Wrapping Up
This was all about how time tracking software and project estimation software can help you achieve business goals and stay ahead of competitors. Not only do they help you streamline your projects, but they also help you keep on top of invoice generation.
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