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

• Recover up to $10,000 in annual billable time per employee.
• Boosting utilization, billable time, and providing a precise picture of project profitability.
• Accurate project costing to improve future estimates. Provides a unified data source for reliable financial analysis and growth planning.
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Start Accurate Time Tracking Today

Don’t let revenue slip away. Contact us to see how Sage Intelligent Time can help! Our expert team will be in touch within one business day. Let us be part of your solution.

‍Sources:

1. Harvard Business Review: Workers Are Bad at Filling Out Timesheets, and It Costs Billions a Day.
2. McKinsey: The social economy: Unlocking value and productivity through social technologies.
3. Based on estimated time savings of one hour per week at $200 per hour multiplied by 50 weeks billing rate.
4. SPI Research Professional Services Maturity Benchmark 2020.

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