Organizations as well as independent consultants and freelancers both
need project management and time tracking applications to track and
register all billable hours and project expenses in order to bill the
clients in a timely fashion. However, criteria for selecting a time and
expense tracking software is not same for an organization and a
freelancer.
Big organizations operate with huge resources, large
manpower and high budget. They have to manage enormous amount of time,
expense and billing data related to all the employees and clients.
Therefore, most of the organizations have their own set of standards and
they follow same processes to deal with each and every client.
On
the other hand, freelancers and independent consultants work alone or
sometime in small groups. They can deal with each client differently and
has the choice to customize certain processes as per project
requirements. Therefore while choosing a time and expense software, they
focus on the features and practices that are most relevant for their
business. Also, price is a very sensitive factor for freelancer while
choosing time tracking software.
A freelancer should focus on the following three criteria while choosing time management software:
A] Free access:
Freelancers
often work from their own places using their personal systems.
Therefore, they need a time and attendance software that they can use
from their convenient places to enter weekly time sheets and expenses. A
cloud based online project tracking software is perfect choice for
freelancers. A cloud based application does not require any additional
hardware or software installation. Freelancers can just connect to
internet and access the application from anywhere anytime.
B] Price:
Freelancers
are very price sensitive as they operate on limited budget. They do not
want to pay premium for unnecessary features or add-ons. Almost all
employee time tracking software in the market offer separate software
package and pricing for freelancers. Although price is not the ultimate
factor, freelancers do pay a significant amount of stress on 'high value
for money' factor while selecting time and billing software.
C] Flexibility:
Different
freelancers give priority to different aspects of time and expense
tracking and invoicing. For example, some want flawless hassle free user
interface for easy navigation and simplicity. Some want to impress
clients with stylish professional online invoices. Some may want
efficient software only for time tracking whereas some may look for both
time and expense tracking.
A single online time and billing
software may not provide all the options and features that a freelancer
is looking for. Therefore, freelancers must choose wisely from a
plethora of choices available in the market keeping in mind that it
fulfills most of the requirements they are looking for.
Article Source: http://EzineArticles.com/8088667
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