Law and accounting firms, management and technology consultancies, and advertising agencies all face the following challenges:
- Time and expense information are not entered in a timely manner because users cannot access
- Long billing cycles due to unique invoicing requirements dictated by clients
- Inability to view a project’s budget vs. actual time spent on the project with margin analysis
Invogen’s Time & Expense Management and Invoicing (T&EMI) Platform offers professional service professionals a number of ways to input their time and expenses. Thus eliminating staffs’ excuses of limited access to time and expense entry tools.
Designed for the professional services industry with complex invoice presentation requirements, Invogen’s T&EMI Platform will help professional service firms reduce accounts receivable cycle by streamlining the invoice creation to approval process that require considerable clerical work and management oversight.
Invogen’s T&EMI Platform also enables professional service firms to properly estimate projects based on resource allocation and margin requirements. The project budget is used as a benchmark to track against actual hours and expense incurred for the project. Professional services firm will have key financial data to present its project managers and owners on all projects – showing budget vs. actual and tracking of margins.