Learn how organizations can leverage AI-powered timesheets to optimize billable hours and ensure business growth.
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Utilization rates greatly impact a firm’s project delivery and margins, shaping its ability to grow and succeed. Declining productivity levels, lack of real-time visibility into work time data, resource allocation issues, poor talent management, etc., often impact these rates.
Proper utilization rate benchmarks, backed by advanced time-tracking systems and real-time reporting mechanisms, can help improve utilization rates.
Adopting an AI-powered timesheet enables professional services organizations to accurately track the work time data and utilization rates of their employees in real time. This helps speed up billing cycles by reducing the time required to invoice correctly.