Are you frustrated by your month end invoicing routine?

Is your invoice processing vulnerable to delays and uncertainty?

What if you could get your invoices out within 3 days of month end instead of 3 weeks, and with a higher level of confidence in their integrity? Imagine the impact on your cash flow. Imagine the impact on office productivity.

Imagine the impact on yourself.

The secret is simple. 

"Perhaps now more than ever, you need to start keeping a close eye on your KPIs"

An activity within your business which is identified as “we have to do this well so the business does well”, is called a Key Performance Indicator or KPI. A measure of each one indicates how the activity is performing.

Success in all the KPIs ensure the goals of the business are most likely to be achieved. The whole is dependent on the sum of the parts.

In any business, the ability to efficiently collect and analyse data is acknowledged as key to its success. It's Business Management 101.

But incredibly, the widespread use of spreadsheets for data manipulation and storage is alive and kicking. Reports are delivered with much effort and often collated from data that let’s face it, is old.

I took an enquiry recently from someone. How could they better manage their costs in a firm of 40 staff. She started by saying their team of 10 full time admin and accounts people, “do everything for us”.

Since many of our clients run at ratios of 10:1 or 8:1 billable to non-billable staff I was staggered to hear of a ratio of 3:1. Upon further discussion it became clear.

Project Planning and Management

Every growing business gets to a stage where directors and managers get the feeling they’re ever so slightly ‘out of touch’. Things are too busy. It can get worse quite suddenly. Founders aren’t seeing the progress they’d hoped the business would have made across the range of jobs at hand. At the end of each week,  and at month end there is outstanding work that should have been completed.

Obtaining buy-in on expectations of work to be done by your staff is part of the recipe for success.

It’s not Big Brother. It’s plain and simple, good business management. Shying away from discussions on expectations will result in Parkinsons Law prevailing. That benefits nobody.

Why do we say Abtrac is the package to manage your professional engineering business?

Engineering project management software comes in two genres. One is to plan and manage the throughput of a business from an internal perspective. The second project management genre is a system accessible across multiple businesses and agencies allowing them to all tap into the same system on ‘team’ projects.

Abtrac falls into the first category, with a focus on SME’s internal administration, project management, and invoicing. It then links to all of the many popular accounting packages for the back end accounting processing. Abtrac’s focus is very much on the front-end of the business ensuring that by the time the data hits the accounting system, the revenue is generated as efficiently and productively as possible.

We don't brag much, but on just this occasion, we'll be taking you through how Abtrac saves our customers a lot in lost time AND lost profit.

Why use Abtrac in your business? How is Abtrac different from other solutions? How does Abtrac help reduce overheads?

Ed O'Leary answers these questions and gives a little bit of insight into how Abtrac has managed to save a lot of businesses a lot in lost profit.