Have you ever wondered how much billable time you and your team are losing each week? And I don’t mean to the small things like checking Facebook or Twitter - I’m talking about the time spent doing productive client work that you’re not getting paid for.
A recent study featured in Harvard Business Review found that on average, a 15 professional employee company in the U.S. is losing $1.6 million in annual revenue due to poor time tracking when it comes to email and meetings.
So - if you’re just as shocked as we are, you’ve come to the right place! Here are 3 ways that you can use smart automation technology to recover leaked revenue today:
Moving from weekly (or worse) timesheet updates to daily (or better) would recover $52,000 per professional each year!
But how do you do that (without wasting more time)? Implement a smart platform that can seamlessly integrate with the tools you use each day, and capture every minute or hour spent there. For example, you can automatically log the time you spend in Gmail, Google Calendar, Microsoft Office and Outlook, then link it back to a project or contract. That way, you never have to estimate the time spent on a task or manually enter it into a spreadsheet - because it's all being done for you, automatically. Even an email you send from your phone will be added to your timesheet as billable hours, so you can work from anywhere at any time.
We crunched the numbers and found that email causes professionals like you to leak more than $50,000 in revenue every year - so stop using your email account as a means of social communication with team members, and instead, use it to make more money.
Start tracking all of your billable hours (yes, this includes email) with a smart platform that automatically captures and logs the amount of time you spend messaging clients. Then, easily convert your email into a payment reminder or invoice to fast-track the payment process for you and your clients (so that you’re not only saving time but making more money).
Did you know that untracked meetings and calls cost the average small business around $30,000 in annual billable revenue? In fact, the average employee spends about 15 hours (or 40%) of their working week in meetings with clients or colleagues.
So - if you’re not tracking the time spent there, that’s significant billable revenue you’ve got falling through the cracks.
Try working on a smart automation platform today to prevent this from happening at your company - just click here to get started.
