What sectors must use time and expense tracking solutions

by Anita Sharma VP - Business Development

Time-tracking guarantees real-time visibility into projects and reveals critical operational metrics, which otherwise would remain hidden. Time tracking is vital for budgeting, estimating, benchmarking, and compliance. It makes organizations more productive, teams more effective, and businesses more profitable. So, with all these perks, what are some of the industries that can benefit from the use of time tracking software are:

Consultancies

Whether you work as part of a firm or independently, successful consultancy depends on accurate time reporting. An online expense tracker lets you create and send custom reports that itemize your time for specific tasks or projects. It’s a reliable way to prove your value and professionalism by leading from a position of accountability and transparency. No matter the number of projects or clients you are consulting for, a time tracking tool will capture all the time automatically while you work.

Agencies - advertising, marketing, digital

Agency time tracking is generally a necessary evil. For some, it’s unnatural, wildly, and boring, but let’s agree; without it, nobody can get paid. As much as we detest time tracking, it is not going anywhere. That’s why agencies are advised to invest an online time and expense tracking software, a convenient tool that can automatically track and log all hours for their team, while they work.