Time is money for any business … but particularly for a management consultancy. A consulting firm is a business with mostly fixed costs – you hire a bunch of talented people, and how much profit you make depends on how well you make use of their time on client work. Keep utilization and billability high, and your firm will make excellent profits. Let it slip too low, and your firm starts bleeding cash.
Timesheet software, also known as time tracking or time management software, helps management consulting firms track and bill their time. Since time is, quite literally, money for a consultancy then it is evident that choosing the right timesheet solution is a critical business decision.
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