Coretime: Invoicing for all time and expense incurred in completing the project

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Recovery - Features

Control Yourself!

Apart from ensuring data is recorded correctly, there are two important indices over which you have more control than you imagine: Productivity and Recovery.

For most professional practices, a swing of even 4% in recovery will usually make the difference between a profitable year and a loss making one.

	Invoice Recovery All invoices raised for the month ? Check your business' recovery. Target recovery growth for the following months until you reach the magic 100%, or more.
	Management Recovery Report The clock says €12,800 but the manager invoices for €12,000. Managers who invoice within their comfort zone rather than for the full project value account for losses on projects all over the world. Review recovery by manager, project, client, client group, even by employee. Consider a league table of most effective invoicing partners.
	Staff Recovery Staff who clock up many unjustifiable (and un-invoiceable) hours on projects can waste more than time. They can lose customers. Review invoiced time by staff member and ensure that you are rewarding the right people within your organisation.
	Project Recovery What are the most profitable facets of your business? Coretime's suite allows you analyse by Project Type ? Location ? Platform ? Business Unit ? With ten customisable headings, and infinite sub headings, you might be surprised to see where the real returns are made.
	Budget Screen Project budgeting allows you to predict the amount and value of time and expense involved in any project. And Coretime allows you use previous completed projects as the basis for new, similar projects, making the process even simpler.
	Budget/Actual Report One click from project review and you see your projects performance against budget. Where part complete projects are already overrunning, early warning to clients may yet achieve our goal; 100% recovery. Immediate access to such information is fundamental to fluid, profitable business relationships with your clients.

P.R.P. - A definition

PRP (Productivity, Recovery, Profit) is a business strategy designed to help professionals deliver maximum revenue from their working day. It facilitates the flow of information between the person doing the work, the person issuing the invoice and ultimately the client.

Effective PRP should make data recording a rewarding experience and deliver the recorded data in a multitude of formats to suit the needs of the moment.

Analyse the employee, the project, the team, the business.

"Learn from project overruns and profit from experience".