Unlock key benefits with MetaField Timesheets & Billing
Create and edit an invoice in under 1 minute
Eliminate manual administrative overhead
Billing is often one of the most complex processes for engineering services firms, with projects having multiple phases, separate deliverables, milestones, and billing arrangements. Add in the wide range of services offered and various pricing structures, accurately capturing all billable work becomes a cumbersome process and can cause lost revenue. With an Operational Workflow Platform, like MetaField, engineering firms can streamline the billing process by removing the manual tasks associated with time tracking, logging billing transactions, setting project rates, and generating invoices.
Paper-based billing methods can cause transactions to be overlooked or forgotten, resulting in missed billing opportunities. When tests are performed in MetaField, they are automatically logged at the time of the event. This provides your firm with a comprehensive view of all logged billing details so unapproved or unbilled transactions can quickly be identified and added to an invoice for payment. So, you can feel confident that all billable work is being captured and accurately invoiced.
Properly schedule work on a project and be confident you’re achieving optimum profitability with global rates. MetaField allows you to set and manage your firm’s rates per service offered, to provide consistent and accurate reporting and billing. Firms can also override billing rates to adjust pricing per the needs of an individual project, empowering you to bill competitively.
Having your employees manually track billable and nonbillable hours takes up their valuable time focusing on administrative tasks. MetaField preloads scheduling data into the timesheet, allowing employees to focus on billable work. Managers can also track time spent on tasks and projects as they occur, enabling better resource allocation and decision-making, leading to more accurate invoicing and financial forecasting.
Sending for payment isn’t the last step in your workflow, you need performance metrics to understand how goals were met, and how to enhance future operations. Our Operational Workflow Platform provides insights into performance and milestones to view trends and discover opportunities for improvement; allowing you to better understand your business and drive service-led growth.