By Todd Gerstein CFO & Founder, Smart WebParts How often do your timekeepers prepare timesheets? Daily, weekly, monthly? What percentage of your timekeepers comply with firm policy? How long does it take them to prepare their timesheets? If you don’t know the answers, what’s the cost of not knowing that information? Plenty. Fortunately, we have [...]
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By Todd Gerstein CEO & Founder of Smart WebParts You may already know this, but the cost of unbooked time is big. Really big. And besides, plugging leaked hours just might be the biggest lever you have in the current economic climate to improve profitability. (After all, at this point in the business cycle it [...]
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By Todd Gerstein CEO & Founder of Smart WebParts When it comes to keeping time accurately, there’s a right way and a wrong way, right? Wrong. Though the conventional wisdom is that timekeeping is best done as events happen (known as contemporaneous timekeeping), it turns out the pain of timekeeping is so intense that most [...]
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X From Law360 By Allison Grande Law360, New York (August 05, 2010) — Inaccurate timekeeping causes major headaches and can lead to significant losses in a firm’s bottom line. But firms can take some simple steps to improve their timekeeping capabilities and maximize their profits, experts say. A survey conducted by consulting firm Adam Smith [...]
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