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Your Timekeeper's Behavior Revealed
- 1. Timekeeper Behavior Analysis Todd Gerstein Founder & CEO San Francisco David Gallagher General Manager, UK London
- 7. Velocity of Time Identifies Behavior Percent of Total Time Entries Contemporaneous (31%) Reconstructionist (69%) Days Elapsed Since Work Done
- 8. Velocity of Time: Compliance Percent of Total Time Entries In Compliance (64%) Late Timesheets (36%) Days Elapsed Since Work Done Firm Policy: Time Due Every Friday or Maximum Velocity = 4
- 9. Compliance by Timekeeper Type Percent of Timekeepers in Compliance (Time due on Friday or Max Velocity = 4) 70% of the Partners do not take time entry deadlines seriously
- 11. Late Timekeepers enter significant less small increments of time
- 12. Biggest Offenders: Associates and PartnersPotentialLeaked Time Days Elapsed Since Work Done
- 13. The Value of Late Time: $2.4 - $3.6 Million Methodology: Late timekeeper’s recall a lower percentage of small time increments. We calculate the cost of this memory failure to the firm by comparing it to the behavior of the compliant timekeeper and value the leak at an average hourly rate. Our proposition is that by facilitating the capture of small time increments for timekeepers who have a velocity of greater than 2, we estimate $2.4 - $3.6 million in additional time could be booked into the accounting system year over year.
- 15. 45% of Associates are not in compliance
- 16. 70% of the Partners are not in compliance
- 17. Late timekeepers forget to submit small increments of time because of failed memory
- 19. Schedule a Smart Time demo.See how Smart Time:- Provides your timekeepers with total recall when they prepare their timesheets to close time entry leaks. - Provides different time entry tools for different types of timekeepers to improve velocity. - Improves the timekeeping experience with our imaginative interface.
- 20. Contact Us For Your Free Analysis or Smart Time Demo Smart WebParts LLC www.smart-webparts.com info@smart-webparts.com Todd Gerstein (US) +1-877-776-7505 tgerstein@smart-webparts.com David Gallagher (UK) +44 (0) 800 048 8571 dgallagher@smart-webparts.com