How to Manage profits & costs with time tracking apps

Companies are delivering exceptional customer service to their clients, by actively investing in business solutions, that utilize the latest technology and time tracking apps. Businesses also enhance their productivity as well as streamline operations by implementing such solutions.

Whether you manage a big company or a startup, wasting operational costs are not acceptable. Even a minor hiccup can lead to devastating disasters if not managed right. Thus, time tracking apps are a great way to increase profits and reduce costs, altogether. 

Companies successfully reduce their costs, by following the new trend of automating daily operations. Every minute and every task is valuable for the final project delivery no matter how minor they are.  Through time tracking apps, you can easily manage invisible billable hours such as time spent on emails, phone calls, project management and communication, meetings, and fieldwork.

If you are working with freelancers or remote teams

Knowing what your remote employees are doing and how much time they are spending on each individual task can give you a better idea of how well they are utilizing your resources. Even though outsourcing employees can reduce costs but managing them can be a hassle. It’s important you organize them strategically and in a profitable way. 

No matter how many freelancers you are dealing with every day, time tracking will remember how much time they spent on your project and generates a report so that you can calculate idle time. Therefore, time tracking apps can make every billable hour important. You don’t even have to hire in-house teams when you can outsource talent. 

Through automatic time tracking, you can also know which projects are worth your time. You can easily estimate project ROI and know which projects to prioritize more. Win-win!

Increased productivity equals increased profits

Upgrade your workplace with a time tracking tool especially if the process is outdated. This can help your employees be more productive throughout the day, and understand roadblocks through real-time monitoring. You can easily tell which tasks turn into profits and track the performance to see if your team is successful when they spend time on that certain task. This will not only help you set goals but clear expectations to gain profits and identify the idle time. 

Time tracking apps reveals invisible work and inefficient workflows. But it also helps you keep a proper check and balance on priorities, and overhead costs. Justify employee inefficiency and efficiency by identifying the tasks that drain your time, consequently your budget. 

Every good time tracking app has an admin dashboard that shows trends of each individual employee, allowing you to make informed future decisions when it comes to hirings and resources.

As Artificial Intelligence is making its way into our businesses and tools, we have more opportunities to automate and streamline almost every administrative task such as expense management, accounting, meetings et al 

Evaluate what you really need

Technology is evolving at a rapid pace. Deploying too many tools so quickly is a bad strategy. Don’t go for the products, or subscriptions that you know you will never actually use. This is one of the ways through which you can cut additional costs. Run a quick audit if need be. 

Choosing just one right time tracking tool can go a long way.  Not only will this save money but also helps streamline workflow. 

Check out the Staff timer app that offers a comprehensive time tracking solution for global teams. Available for mac and windows!

Time tracking for Attorneys

One of the most lucrative and prestigious professions besides medicine is the practice of law. However, with increasing pressures and numerous changes in the legal world, the workload is rising at an unprecedented rate. 

The most important part of an attorney’s professional life is time. There is severe competition to meet the required number of billable hours. Usually, an attorney needs to complete 12 billable hours on average for every working day. 

Many attorneys lose track of time. This slowly becomes detrimental to their productivity levels. If they keep track of their time, their attention will divert. This is bad because their whole focus needs to be on their clients. 

Let’s first understand some key responsibilities of an attorney. These include:

    • Advising and representing clients in courts or government agencies.
    • Researching and analyzing legal matters.
    • Assisting and communicating with clients.
    • Drafting legal documents for lawsuits, deeds, contracts, etc. 
    • Preparing to defend clients in courts.

The above-mentioned responsibilities may not encompass the entire set of duties attorneys perform. But, the important point to takeaway is that with these excruciating pressures it becomes hard to track time. 

How time tracking app can streamline processes for attorneys?

Some of the ways in which time tracking tools can help attorneys include:

More time for clients

When an automated system like Stafftimer app is monitoring time for attorneys, they can spend more hours dealing with their clients without the hassle of manually filling timesheets. In the end, every minute matters when you are practicing law. 

Time monitoring is not left in workspace 

Yes, you can use Stafftimer even in a court or some meeting with a client. Its screenshot feature is optional. This means that you don’t need to worry about accidentally capturing case proceedings. Attorneys just need to enter a task, and get liberated from the stress of calculating time. The tracker shall keep counting it for them. 

Daily work reports

An attorney will not need manually filled timesheets since Stafftimer provides them with daily work reports. These reports can serve as verified proof of their billable hours. 

Accurate invoicing

Staftimers calculate work hours in an immaculate manner. No need to worry about getting inaccurate invoices and wasting your hard labor. The app provides effective solutions for these situations. 

Clients can receive bills with the proof attached. Don’t worry about bothersome tasks like payroll and making calculations for invoices. An attorney’s every minute counts and Stafftimer takes great care of it. 

Intelligent reporting and real-time monitoring

As an employer or a partner in a law firm, your resources are not getting wasted. Why? Because Stafftimer is taking care of them. The app provides employers with daily reports. These reports can tell how much time an associate lawyer was spending on each task or window. 

With real-time monitoring, employers know how much time an attorney is taking on each case as it live-shares their screens. This way, employers always know who has the chance to progress further and who is struggling.

Cost-effective solution

When an employer knows who is productive and who is a dead fish, they can save their resources by eliminating unproductive employees. Legal practice needs aggressive competition between equally capable persons. It can’t afford to carry someone around.

Team members’ hours can be tracked to plan budget costs. This data can then be used to accurately bill clients.

Offline tracking

If attorneys are out of the workspace and lose connection to the internet, Stafftimer will keep on working. It will update from the back-office once the connection is restored. 

Female lawyers

Ambitious lawyers who are also mothers will find it difficult to split their time. Either they can spend quality time with their kids or focus most of their attention on their practice. Seeing this complicated predicament for their female lawyers, some major law firms are offering flexible work options. 

This means that they can choose to work from home on certain weekdays. However, the real challenge is how to ensure that they are actually working? And how many hours they are spending on work? Stafftimer solves this problem by keeping track of time. This way, everyone gets paid according to the number of hours they’ve put into work.

Conclusion

Employee monitoring software is a crucial need for the legal world. Their work, routine, and progress all revolve around billable hours. Therefore, it’s necessary for them to use a time tracking software that can monitor their time. This lets them pursue their commitments without any worries.