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You may be amazed at the amount of revenue your company loses every day due to billable time that is "unrecorded". Lost revenue grows exponentially with an increase in staff and lack of accurate time recording software. For example:
Assumptions:
Per hour consulting fee = $150
50 consultants
15 minutes of time not recorded per consultant
50 consultants who do not track 15 minutes of time each week = $37.50 of lost time per consultant
$37.50 of "lost" time each week x 50 consultants =
$1,875 / week
$7,500 / month
$97,500 / year in billable revenue that has not been "recorded"
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Assumption:
Per hour consulting fee = $150
50 consultants
30 minutes of time not recorded per consultant
50 consultants who do not track 30 minutes of time each week = $75 of lost time per consultant
$75 of "lost" time x 50 consultants =
$3,750 / week
$15,000 / month
$195,000 / year in billable revenue that has not been "recorded"
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