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Are you looking to increase business revenue yet you’re unsure how or where to get started? Then you’ve come to the right place, as we’re going to explore how you can increase company revenue with a simple, yet powerful productivity tool—time tracking software.
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Let’s start our discussion with the basics: what is a time tracker? A time tracking app is a tool that helps teams monitor their work hours to perform their best. While their main function is time tracking, many higher-quality apps offer much more functionality than that. One of the best examples of a fully-featured time tracker is WebWork.
WebWork Time Tracker is a feature-rich productivity tool that’s used by teams of all types and sizes across the globe. The app helps professionals perform their best, increasing business revenue as a result. Let’s now explore 5 actionable steps that you can take to increase business revenue with a time tracker.
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Here are 5 actionable steps you can take advantage of today to increase business revenue with time tracking. To help you get the most from these steps, we’ve highlighted the most relevant WebWork feature that will take your efforts to the next level.
High-quality time trackers offer dedicated project and task management functionality that make managing your team’s work a breeze. These will help your employees stay organized, reducing the time they spend on looking for what to do next. In turn, this will boost your company’s revenue.
Task Management
Manage your team’s tasks in the same place they track time and help them stay organized with WebWork. Add key details like assignees and priority levels to help your staff prioritize their tasks and work more effectively.
Go to Task ManagementGetting paid is the most important part of increasing your company’s revenue. Fortunately, doing so is easy with high-quality time trackers, like WebWork. Using your team’s tracked data, you’ll be able to bill your clients accurately, and most importantly—quickly.
Billing and Invoicing
Streamline your company’s billing and invoicing processes with WebWork. Use your team’s tracked data to generate accurate invoices quickly, which you can then send to your clients in just a few simple steps.
Go to Time Tracking and BillingA key way to increase business revenue is to avoid wasting money—as the saying goes, “money saved is money earned”. Using time tracking software, you can track how much you spend on your projects. This will help you prioritize important ones and avoid overspending on other projects.
Project Budgeting
Keep track of how much your projects end up costing over time with WebWork’s Project Budgeting. Set billable rates for your staff, projects, or individual contracts and ensure your projects don’t cost too much in the long run.
Go to Project BudgetingBesides projects, your company likely spends lots of money on various other items of varying necessity. A high-quality time tracker can help you track what your business spends money on to eliminate unnecessary purchases and optimize your spending.
Expense Tracking
Track more than just project spending in WebWork with Expense Tracking. Add key details like purchase receipts, dates, and other notes to ensure you monitor your expenses accurately—especially over the long term.
Go to Expense TrackingDistractions are one of the biggest performance bottlenecks in any professional environment. Time trackers that can monitor what apps and websites your staff use throughout the day can help you detect these. You’ll then be able to work with your team to eliminate distractions and boost their productivity.
App and Website Usage Tracking
Make sure your staff don’t get distracted at work with App and Website Usage Tracking. Set different platforms as either productive, neutral, or non-productive and get quick insights into your team’s performance with WebWork.
Go to App and Website UsageSee how you can increase revenue with WebWork with the help of our specialists. They will walk you through all aspects of the tracker and show you why it’s a perfect fit for your team specifically.
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Besides increasing revenue, time tracking software is perfect for boosting your team’s productivity. These two benefits of time trackers are closely tied together. But, that doesn’t mean they have no differences. Check out our guide on how to boost productivity with time tracking if boosting your team’s performance is your main goal.
Choosing the best app to increase revenue in your business can be difficult. While there are lots of time trackers out there, not all of them will suit your team perfectly. There are, however, some ways to determine if a tracker is a good fit for your team—like a free trial. WebWork offers a 14-day free trial, throughout which you can test out all of our features without entering any payment info. That said, if you manage a team of 10 or more people, we have a better option—a demo.
Are you unsure how to integrate time tracking into your team’s workflows? The process is quite simple with high-quality apps—like WebWork: Step 1: Sign up for an account. Step 2: Set up your workspace and invite your team members. Step 3: Have them download the Desktop App on their work devices and start tracking time. It’s that simple!
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