Pm3time - Timesheet + Expenses Solution

Sales and Marketing Information

May 2014

Overview of • It is a web based timesheet application that captures time spent

on project and non-project activities, week by week• It is also used to track time, measure utilisation and calculate

costs for tasks and projects• The reporting engine can print out virtually any utilisation, cost or

billing reports for each customer, project or organisation• pm3time interfaces with pm3, Bestoutcome’s flagship solution for

project & portfolio management. Time records can be imported into PM3 showing resources used against budget and capacity

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Typical Benefits of

Aspect Benefit

Data AccuracySignificantly reduce problems with data error (e.g. double keying removed)

SecurityEliminate sign-off fraud (e.g. electronic authorisation) and improve information security (e.g. no more rate information left on forgotten timesheets on the printer etc.)

Ease of UseRequest for approvals sent in outlook (no logging on) and can be accessed through iPad, iPhones etc.

ApprovalsMake follow up of non-approvals much easier and quicker (e.g. help to escalate to other approvers)

Automation Remove manual paper systems entirely (e.g. no more lost timesheets)

Self-billing Efficiently generate and process self-billing

Speed Identify those who have not submitted timesheets proptly

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has many core benefits designed at making your business smoother, more reliable, safer and therefore more effective. pm3time works by eliminating the follow common problems associated with manual billing processes.

can enhance your business

Through pm3time you can more effectively renegotiate contractor/ consultancy rates and identify and then convert expensive contractors into staff.Once armed with the facts, it enables you to control and reduce your cost base.

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Aspect Benefit

Cost Reduction

Clearer understanding of rates paid (e.g. trends in rates – project costing improved)

Cost Reduction

Analyse and monitor length of contracts – Ability to challenge overly embedded contractors

- Convert long-term contractors into permanent employees

Cost Reduction

Reduce invoicing errors and costs by implementing self-billing

Improve Control

Improve project forecasting based upon accurate and timely data

Greater Insight

Reveal task mix and provide insight into key resource activity

Demonstrating the Cost Saving Potential of

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You can achieve cost savings of at least 5% across your contractor base through renegotiating/ converting to permanent/ changing the contractor mix/ replacing expensive consultants.

Saving 5% across 30 contractors at a blended rate of £600 a day could see your

organisation save £180,000 a year

Yearly Contractor Spend

Project Yearly Savings

No. of Contractors 500 600 700 80010 £1,000,000 £1,200,000 £1,400,000 £1,600,00020 £2,000,000 £2,400,000 £2,800,000 £3,200,00030 £3,000,000 £3,600,000 £4,200,000 £4,800,00040 £4,000,000 £4,800,000 £5,600,000 £6,400,00050 £5,000,000 £6,000,000 £7,000,000 £8,000,000

Blended Contractor Rate

No. of Contractors 500 600 700 80010 £50,000 £60,000 £70,000 £80,00020 £100,000 £120,000 £140,000 £160,00030 £150,000 £180,000 £210,000 £240,00040 £200,000 £240,000 £280,000 £320,00050 £250,000 £300,000 £350,000 £400,000

Blended Contractor Rate* Assumed 200 working days a year

Summary

• is an easy to use, user friendly cloud-based timesheet system

• Easily deployed for low cost, it can help generate big savings (est. 5% of contractor spend)

• Overall it will:- Reduce Costs - Provide Insight- Improve Control - Reduce Fraud

Contact DetailsTo view our online video demonstration visit here

http://www.bestoutcome.com/pm3time.html

And to talk further, please contact:Bestoutcome

+44 1753 [email protected]

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