Enhance Profitability with Custom Cost Rates
Enter custom cost rates for your team, giving you the ultimate flexibility and accuracy in project costing. No more generic rates or rough estimates!
By assigning specific rates to individual team members or even entire workspaces, you can ensure that every hour logged is accounted for accurately.
Not only does this level of granularity provide a more detailed breakdown of costs, but it also opens up a world of possibilities for insightful reporting.
Want to know which projects are bringing in the most revenue? Curious about the profitability of certain clients? Timely's Cost Rates feature has got you covered.
So, buckle up and get ready to revolutionize your project management. Timely's Cost Rates feature give you the power to make informed decisions, maximize your profits, and leave your competitors in the dust.
It's time to take charge and unleash the true potential of your team!
Effectively Managing Cost Rates
Effectively managing project costs is crucial for maintaining profitability. In this video, we break down key strategies using Timely to ensure accurate cost allocation:
Oskari Leino
Director of Business Control & Operations
Ivan Rainovski
Delivery Director at Corsearch
Stuart Wymant
Customer Success Manager
Before Timely, it took me two hours a week to track my time across all tasks, clients and projects. I had to create another time entry for tracking the time, which was totally inefficient.”
Christopher Schwarz
Consultant
Sophie Warner
Director of Operations
Vince Schwidder
Founder and UX Director
Optimize Project Management with Tailored Cost Rate
With Timely, you have the power to set tailored cost rates for each team member or workspace, ensuring that your project costs align with reality.
Imagine the peace of mind that comes from knowing exactly how much each hour worked is worth – no more surprises or inflated costs.
You'll have a crystal-clear view of your project's financial health at all times.
Not only does Timely's Cost Rates feature streamline your project costing, but it also opens up a world of opportunities for smarter resource allocation.
By understanding the true cost of each team member's time, you can assign tasks strategically, making sure the right people are working on the right projects.
This optimization translates into increased productivity, happier clients, and ultimately, a healthier bottom line.
Gone are the days of relying on generic rates or cumbersome manual calculations. Timely's Cost Rates feature puts the power of customization in your hands.
So, get ready to supercharge your project management, unlock new levels of efficiency, and watch your business soar to new heights!
