Billable hours: it's like the heartbeat of profitability, right? But here's the kicker – many of us are kinda dropping the ball when it comes to tracking these hours accurately. According to a recent tribes.ai study, manual time tracking methods are letting 1 in 5 billable hours go unrecorded.
That's a whopping 20% of your billable hours down the drain. 20% of your profitability lost.
Let’s do the maths
Imagine you're working a 35-hour week, and let's be optimistic and say 80% of that is billable. If your hourly rate is $80, those manual time tracking methods might mean you’re missing out on $448 per week!
Enter Timely, the superhero of time tracking.
Using Timely means no billable hour goes unaccounted for. Every single billable hour is automatically recorded in real-time and accurately. Timely will save you that $448 per week in the above example.
And get this – the return on investment isn't just good; it's like buying Timely 22 times over. Talk about making your money work for you!
But wait, there's more. Timely doesn't stop at recovering lost hours. It's also your go-to time-tracking admin assistant, cutting down that mind-numbing work filling in timesheets. Imagine what you could do with all that extra time – maybe actually enjoy a lunch break?
In a nutshell, if you're serious about squeezing every drop of profit from your business, keeping a tight grip on billable hours is key. Timely isn't just a tool; it's like having a financial wizard on your team. It's time to say goodbye to time leakage and hello to a more efficient, profitable company.