Creative Agencies & Time Tracking
The Creative Industries sector has shown rapid growth in recent years. This has resulted in an unprecedented increase in competition with many entities looking at new technology to find tools that can accelerate their success in this increasingly competitive marketplace. Time Management Software is one such tool invaluable to creative agencies and businesses alike
One of the most exciting moments here at Pegasus Systems is the feedback we get from our clients on how Pegasus Systems has improved efficiency and accuracy in all departments and quickly.
Pegasus clients often share some common goals with regards to Time Management;
The rise in work flexibility
Remote working has escalated dramatically over the last decade. Gallup’s “State of the American Workplace,” found that 43 per cent of employees reported working remotely in 2016, up from 39 per cent in 2012.
Furthermore, FlexJob’s State of Telecommuting 2017 report noted that nine million people (2.9 per cent of the total U.S. labour force) work from home at least half of the time — up from 1.8 million in 2005. Thanks to advanced technology systems and reliable internet, this has allowed more people to take advantage of remote working.
Remote working is increasingly becoming a favoured approach among many businesses, as it saves companies from paying unnecessary overheads, ultimately increasing their profit margin. Fortunately, Pegasus Systems provides a second-to-none time management tool that assists businesses with knowing the finite details of their employees work timetable and the progression of projects, enabling employers to analyse and review workload, work efficiencies and provide regular updates also.
Clients demanding greater transparency
Label Insight conducted a 2016 study on attitudes toward transparency throughout the workplace. 39% surveyed stated they would switch to a new brand if that brand offered more transparency.
Pegasus Edge Time Management Tool provides detailed information at any given time by running regular reports with details of hours, invoices and expenses.
Time tracking ensure workflows
The execution of goals in a timely manner is of the utmost importance in any business, but time tracking on its own, is not sufficient. The Pegasus Job Management Tool provides a more in-depth and holistic approach to time management
Pegasus Systems integrates well with many other time management platforms should you wish to amalgamate them to reap further benefits from your software suites. Pegasus are able to extract data from Excel, Paprika, BCC Enterprise, JobBag, TSS, Filemaker Pro, Workamajig, Streamtime, MYOB, Quickbooks and others and are confident we can convert all of your data at a transactional level; with implementation occurring at a time that suits you, not just at Financial Year End.
The Pareto Principle
The Pareto Principle (aka the 80/20 rule) is predicated on the principle that 80% of the value achieved is in direct correlation to a 20% effort output. For Agencies, knowing which businesses and clients are most important to retain helps ensure that an otherwise elusive profit margin is reached.
An essential component of utilizing the Pareto Principle in your business is in tracking all project management details. This is in order to get a clear vision on efficiencies and enable businesses to be more selective towards future contracts; investing more time and money into securing the 20% Whale clients, as opposed to the 80% long-tail clients.
At Pegasus Systems, our focus is on helping Marcomms Agencies to improve their systems and as a result, their financial performance. If you would like any insight on how we can help you, let’s have a chat.