“European civil and structural engineers must avoid costly delays, such as the Wembley Stadium project, by using modern time management systems,” said Charlene Thompson, Marketing Manager at Acksen, producers of Timesheet Xpress, the profit enhancing time management software.
Profitability amongst engineering practices has steadily seeped away with a substantial decline in the construction sector. The result has been large-scale redundancies and battered cash flow forecasts.
Charlene Thompson, Timesheet Xpress’ Marketing Manager said: “Identifying substantial inaccuracies in professional billing practices spurred our development of advanced time management software. Our research demonstrated that many professional groups, such as civil and structural engineers, underestimate the amount of time they spend using poorly constructed, and often inaccurate time management tools and procedures.”
“We also discovered that many organisations use different terminology, even within their own team, leading to incorrect billing and inconsistent reporting.”
“As recessionary pressures begin to ease, we believe a new era of prudence and compliance is emerging. Timesheet Xpress enables engineers to maintain securely networked data across their whole team, allowing managers to determine the true cost of time spent on individual projects.”
Thompson added: “When the economy is strong and growing, most firms are not overly concerned about transparent reporting systems. However, when every billing hour matters, we believe firms are ready to adapt their compliance and cash monitoring systems, to ensure efficiency, and to enhance accountability.”
“On average, professional practices can spend as much as 10% of their time on billing issues. That significant time cost runs to thousands of pounds per month for some companies.”
“By integrating a seamless time management system such as Timesheet Xpress to organisational processes alongside their existing accounting and CRM solutions, professional engineers can be sure they have their finger on the pulse of their business, in the good times, and in the difficult months.”
“As part of this strategy, we are contacting clients who currently use a free version of our software, to offer them an upgraded service. Our client base is global, but it is the European market which we believe is ready to expand again in the coming months, and this is where our first phase of business development is focused this year.”
For more information:www.TimesheetXpress.com
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