Sage Intelligent Time Brings AI to Timesheets
Are your timesheets a source of frustration and lost revenue? We all know the drill: chasing down time entries, wrestling with approvals, and hoping the invoices are accurate. For professional services firms or any business that tracks time, this isn’t just an annoyance – it’s a significant financial drain.
The Hidden Costs of Inaccurate Timesheets
Let’s be honest, no one enjoys filling out timesheets. But the consequences go far beyond a simple dislike. Whether you’re dealing with fixed-fee projects or time-and-materials billing, inaccurate entries directly impact your bottom line.
Did you know that nearly a third of your workday is spent on email2, yet 40% of employees don’t track this time1? That’s a potential 28% of missed billable hours! And for consultants who routinely try to reconstruct their week at the end of Friday, studies show they’re 20% less accurate1 than those who log time daily.
Consider this: just one hour per employee per week of unbilled time can translate to $10,000 in lost revenue annually3.
Sage Intelligent Time: Stop Revenue Leaks
Imagine a world where timesheets are accurate, timely, and hassle-free. With Sage Intelligent Time, that’s a reality. No more questioning entries, chasing late submissions, or dealing with billing errors. Your finance team can focus on strategic analysis, and your consultants can focus on what they do best: serving clients.
“We’re using the power of AI and machine learning to make a tedious, manual process more streamlined and accurate. We developed Sage Intelligent Time to enable services-based businesses to quickly capture the critical information needed to manage profitability and close the books on time, while securing revenue often lost due to unlogged, billable activity.” says Aaron Harris, CTO of Sage.
How Sage Intelligent Time Works
- Intelligent Time Assistant: This AI-powered assistant connects to your calendar, email, and other data sources, creating “activity cards” that represent time spent on specific tasks. It automatically populates dimensional tags, linking activities to projects, customers, or employees. The more you use it, the smarter it gets, saving you valuable time.
- Seamless Integration with Sage Intacct: All captured time data is directly integrated with Sage Intacct, ensuring accurate, real-time reporting and profitability analysis. Profitability by employee, project, or customer is accessible in real time across the organization.
- Mobile Accessibility: The streamlined mobile application enables time entry and approval on the go, ensuring timely and efficient submissions from both Android and iPhone devices. Best of all, this app is included free of charge with a subscription to the Project Costing and Billing module, putting the power of AI-driven time management in the palm of your hand.
- User Control and Privacy: Employees retain full control over data sources and can choose which activities to track. It’s an efficiency tool, not a surveillance tool.
Maximize ROI with AI-Driven Sage Intelligent Time
| Traditional Timesheets | Sage Intelligent Time | Resulting In |
|---|---|---|
| Hours spent reconstructing activity. | Prepopulated activity cards based on your data source. | Recover up to $10,000 in annual billable time per employee. |
| Missed billable time due to manual entry. | Complete time capturing. Professionals focus on clients, not paperwork. | Boosting utilization, billable time, and providing a precise picture of project profitability. |
| Disconnected systems, leading to reconciliations. | Direct integration with Sage Intacct, ensuring data accuracy and eliminating reconciliations. | Accurate project costing to improve future estimates. Provides a unified data source for reliable financial analysis and growth planning. |
| Delayed timesheets, hindering project management and the accounting process. | Real-time insights and streamlined approval enable on-time closing and billing. | Real-time visibility empowers project managers with better controls, leading to 60%+ gross project margins4. |
Start Accurate Time Tracking Today
Don’t let revenue slip away. Contact us to see how Sage Intelligent Time can help! Call us at 855.913.3228, email info@altavistatech.com or fill out our simple webform. Our expert team will be in touch within one business day. Let us be part of your solution.
Sources:
- Harvard Business Review: Workers Are Bad at Filling Out Timesheets, and It Costs Billions a Day.
- McKinsey: The social economy: Unlocking value and productivity through social technologies.
- Based on estimated time savings of one hour per week at $200 per hour multiplied by 50 weeks billing rate.
- SPI Research Professional Services Maturity Benchmark 2020.
