You own a consulting company with a number of consultants out working for your customers. At the end of each month you want to invoice the customers for the time your consultants worked for them. So each month you go through the same process. The consultants send you their hours, often in a Microsoft Excel sheet. Then the hours need to be checked to see if they are complete and correct. Consultants that made errors or did not send their hours need to be chased to provide the correct data. When the correct time registrations have been received you need to copy them to your financial system so you can finally create and send invoices to your customers. All this should be done in a couple of days at the close of each month.
Does this sound familiar? How do you feel about a solution that makes this process more efficient? The new time registration and invoicing solution in Exact Online allows time spent working for customers to be registered and processed to an invoice with no need to enter data twice.
Your consultants can enter the time they worked and costs occurred for customers via the web directly into Exact Online. The entered time and costs can be easily reviewed, so you can make sure they are complete and correct. When you are satisfied that all entries are correct you can generate and then print the invoices. The solution will also provide you with overviews to measure how billable your employees are and the entered and invoiced amounts for each customer.
This solution is currently in controlled release and will be commercially available in the fourth quarter of 2010. Of course we want to hear from you as well, can a solution like this help you make your time registration and invoicing process more efficient?
Image credit for the header image: Robbert van der Steeg (from Flickr)