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Time tracking
Build your perfect data foundation for spotless invoicing and deep business insights with easy time tracking.

Project management
Be a world champion project manager. Keep your projects on track - and profitable.

Resource management
Efficiently staff projects and run a predictable business with confidence.

Insights & Reporting
Get smarter - faster - to make clever decisions for long-term growth impact.

Project accounting & Invoicing
Invoice everything - fast and accurate - while staying on top of project finances.

Staff & Salary
Give accountants and HR an intelligent tool to eliminate draining administration.

Financial Systems
TimeLog offers standard integrations for all your favourite financial systems. Save time and reduce manual tasks.

Payroll Solutions
TimeLog offers standard integrations for multiple payroll solutions. Get easy salary administration and only enter payroll information once.

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Track time automatically via Outlook, use gamification or find another add-on that can support your business.

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You can create synergy between your departments and across borders and offices with the Multiple Legal Entities module from TimeLog. 

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Utilise the insights you get from TimeLog to the fullest. Our system is ready to integrate with multiple BI solutions.

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TimeLog PSA is part of a large ecosystem. Get an overview of all the partner integrations in the TimeLog family.

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Save 1-2 days a month on your invoicing process.

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Discover how companies maintain a single source of truth across borders, departments, and currencies.

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Discover the advantages customers gain from utilising our integrations and API. 

Reporting in real-time
Explore how others leverage reporting to optimise their processes and make informed decisions.

Get started with resource planning
Discover how other companies thoroughly grasp their resources and enhance their ability to predict future trends.

Improved project financials
This is how the efficient financial toolbox from TimeLog helps project managers and CFOs improve their project financials.

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Professional services organisations must be highly efficient, responsive, productive, and adaptable to succeed in today’s extremely competitive market.

There is no room for postponing decisions or making mistakes.

Automating repeatable business processes and manual, tedious tasks frees time to focus on more critical, strategic business matters.

Gain insights into key business metrics for your industry with our free SPI report
[Download now]

Professional service companies using an automation platform experience:

  • A surge in productivity and efficiency

  • Greatly reduce human errors

  • Make educated strategic decisions.

A recent SPI Research study concluded that companies that invested in a professional services automation solution achieved higher billing efficiency.

 

Companies are now faced with the question of whether to automate work processes or not and what kind of automation platform to use.

Which is better: ERP or PSA software?

As the global economy becomes increasingly project-oriented, the product-focused approach of ERP systems is no longer sufficient. 

The growing service sector and project-based industries seek solutions that address specific aspects of their business, such as

  • Resource management
  • Team collaboration
  • Remote work
  • Time tracking, budgeting and forecasting

For professional services organisations that exchange time and expertise for money, these are crucial elements that ERP systems typically do not cover, but professional services automation solutions do.

That is why PSA software is often considered an ERP system for service companies.

Pitfalls of big ERP systems

ERP systems were designed with the manufacturing industry in mind. They originally provided solutions for product-centric businesses built on a single platform.

As the extensive ERP systems are built to support a wide range of demands from the production industry, they fail to support the unique needs of professional service companies.

Service companies primarily work in the form of projects in an environment exposed to constant changes, and these projects are challenging to manage.

Generic ERP platforms struggle to meet the needs of advisors

Service companies seldom work with all the clients on the same type of contract, and they usually operate within a complex world of billing methods. Sometimes, different billing methods are even combined for parts of a single project.

ERP systems are too generic to handle this complexity and too rigid to be easily adaptable to fit the specific needs of a service company.

The one-size-fits-all method fails to clearly show which projects are profitable, making revenue recognition and maintaining a steady cash flow difficult.

Due to the complexity of ERP systems, custom programming comes at high costs, as do the initial set-up and maintenance.

High complexity provides a steep learning curve

Traditional ERP systems have a steep learning curve and poor user experience, which hinder their implementation success and delay their results.

As companies buy into these systems, implementation often stalls because employees struggle to make the ERP fit their needs.

Project managers are forced to work in a traditional account-based setup instead of a dedicated project environment. As the ERP remains inflexible, they struggle to adapt and manage their projects.

ERP also doesn't facilitate collaboration between project members and doesn't support the need to place the right resources on the right projects at the right time.

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Best-of-breed PSA platform is the best solution

Tracking time and expenses, resource management, budgeting and forecasting, invoicing and analysing profitability are equally important elements for managing project-centric businesses.

Best-of-breed PSA software brings all these aspects together to give plenty of flexibility.

Cloud-based business applications are designed to integrate with other systems easily, so implementing tools from multiple providers under one roof has become simpler, faster, and much less expensive.

Get an overview of TimeLog's integrations here

 

Best-of-breed PSA software increases agility for professional services organisations

With the best-of-breed approach, companies have the freedom to customise and switch between tools in a way that is closely aligned with their specific requirements—as often as needed, without disturbing the whole business. They can choose tools designed specifically for their industries or integrate with the applications that their teams are already familiar with.

PSA software is a great way to reduce the inefficiencies of generic systems that lack specific features.

With cloud-based PSA software, project members can access the project’s process from any geographical location. This facilitates team collaboration even when people are out of the office and ensures no information is lost.

Professional services organisations need to be agile and adaptable, always prepared to react quickly and change as they grow. Their automation system should reflect that and be built around their needs, not the other way around. The best-of-breed approach gives the far greatest flexibility, functionality, and user satisfaction at a much lower cost.

How can TimeLog help optimise business processes specific to professional services organisations?

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Features of TimeLog support your business processes and help you control your finances.

  • TimeLog gives you a complete overview of the project’s progress and invoicing potential.

  • The easy-to-use time tracking feature ensures that no billable hours are lost.

  • Automated project invoicing saves time for both the project manager and the bookkeeper.

  • It is a strong project management tool that gives you command over resource scheduling and lets you handle complex contracts (up to eight different contract types and an unlimited number of subcontracts per project).

  • TimeLog also lets you seamlessly connect with other business systems and applications.

Get the full PSA software guide

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