in this section:

Sage Coretime

Return on Investment (R.O.I)

ROI measured in weeks not years

Through the effective introduction of Sage Coretime, users can make considerable savings that will, in a very short space of time, more than recoup the initial cost of purchase. These savings generated can be summarised as follows:

Recording of time/expenses

Using Sage Coretime eliminates any need to use paper in your time recordingcycle. This reduces the inordinate amount of time that is wasted by staff recording and collating their time entries over a given week. In an organisation of 25 fee earning staff, this cost can be nearly €1,000 per week.

Sage Coretime solution

Through the introduction of Sage Coretime, users can access their timesheets at all times of the day or night. Users no longer need to calculate or collate their timesheets resulting in considerable timesavings, which can then be spent on productive work. i.e. chargeable time. The cost savings compared to the paper timesheet are nearly € 1,000 per month.

However, more importantly the time saved by using the Tempus Pro solution can now be used for chargeable projects. Based on a charge out rate of €160 per hour this would amount to additional chargeable time worth in excess of €50,000.

Additional productivity

Employees do not like completing timesheets. This is a fact of life in many organizations that is difficult to overcome. Invariably, employees will leave their time recording until the end of the working day, or worse still, the end of the working week. As employees look to account for the requisite number of hours for that day or week, it is inevitable that an element of what we call "admin padding" will creep in. This is where the employee can no longer recall exactly what they did and in order to complete their timesheet, assigns the unaccounted number of hours to Administration or another non-chargeable account. It is our experience that the time lost to "admin padding" can be up to 10% per employee.

Tempus Pro has been developed so as to encourage timesheet users to record time throughout the day through an intuitive and easy to use time/expense entry screen which is always available to the user whether they are at their desktop in the office, out on site with their client or even at home.

Tempus Pro also provides a number of standard features within its solution to encourage employees to focus on chargeable rather than non-chargeable/unavailable time. By focusing their attention on the value of chargeable time, the inevitable result is an increase in staff productivity readily measured from within the program.

Through a combination of the above, users can expect to increase productivity by as much as 10% within months of introducing our tried and trusted solution.

In our 25 fee earners company referred to above, an increase of productivity can lead to additional revenue in excess of €100,000.

Additional Recovery

With staff accurately recording time and expenses, and now able to record detailed notes against each time entry, partners/managers are in a position to readily identify time spent on activities not budgeted for or agreed with the client. With this type of information to hand, clients can be pursued for additional fees, where appropriate, thus further increasing recovery.

Using the same 25 fee earner company, increasing recovery by as little as 2% can result in additional fees of nearly €100,000 being recovered.

Summary

Through the combined efforts of making timesheet recording easy for employees, and encouraging staff to become more productive, management is in a better position to recover more of the employee's time. Typically, the Return on Investment (R.O.I.) can be measured in months as a summary of the benefits of the above example shows:

Increased Productivity	€ 103,500
Increased Recovery	€ 96,600
Total Increased Revenue	€ 200,100

Allowing for a realistic 2/3 months for the benefits of the Sage Coretime Tempus Pro implementation to kick-in, the above example highlights how an R.O.I. can be achieved within 90-120 days of implementation.