January 5, 2000
Survey Shows Small Businesses Gain More Than 4
Hours and $600 Monthly by Tracking Time and Billing Online
77% of Members Bill More Hours using TimeBills.com
Boston, MA (January 5, 2000) -- According to an online survey
conducted with a sample of TimeBills.com's 5,000 members, small
business owners agree that using the TimeBills.com service is the most
time saving, cost efficient time and expense tracking and billing
solution they have ever used. The survey results indicated that
TimeBills.com expedites the payment process for 62% of its members.
TimeBills.com saves 76% of members more than 4 hours each month, while
21% save more than 12 hours. Comparing the Web-based service to
previously used solutions, members able to quantify savings stated
that they recouped an average of $600 per month using TimeBills.com.
TimeBills.com saves company resources by eliminating the need to buy,
install, learn and maintain expensive, overly complex software. "I
invested hundred of dollars on buying and upgrading off-the-shelf
software that took three days to learn. TimeBills.com took 10 minutes
to learn and costs me nothing, " said Charlotte Coats-Siercks, a solo
practice attorney in Orange County, CA.
The convenient Web-based service is ideal for mobile workers who need
to record client and project data from remote locations. "Traveling
to meet with clients all the time makes it difficult to stay
organized, especially when it comes to tracking my hours for
invoices," said Paul Paez, Internet Marketing Consultant and owner of
Narrative Group Interactive, based in San Jose, CA. "I used to put off
creating my homemade invoices until the end of the month. Now I can
record hours from any location and in a click, use TimeBills.com to
create, print, address, stamp and mail high quality, professional
invoices for me."
Many entrepreneurs billed more hours by tracking their time with the
TimeBills.com automated timer. Although her off-the-shelf accounting
program featured an automated timer, learning the unnecessarily
complex technology just "wasn't worth the effort" for Donna Perry,
Owner of DP Designs, a Web Hosting Firm based in Mesquite, TX that
designs, hosts and maintains web sites. "When I began tracking hours
I'd found out that I'd been underbilling about $1,500 per month."
Managers can use TimeBills.com to view company wide client project
data. "With TimeBills.com, I have immediate access to all client
history and billing data the moment it is recorded by my
subcontractors," said Wayne Woodard, Owner of Woodard Computer
Services, located in Westerlow, NY. By using TimeBills.com, the
subcontractors can record project information on the spot, allowing
them to simultaneously create an invoice and report to Wayne.
"TimeBills.com saves my company 40 billable hours each month, time I
now use to grow my business."
About The TimeBills.com Service
TimeBills.com is the first ever Web-hosted service for small
businesses and solo practitioners that provides an easy to use,
convenient way to track time, record expenses, maintain project and
client information, and create quality invoices. Since its beta test
on June 1st, 1999, over 5,000 small businesses subscribe
Members can email, fax or mail their own invoices or outsource the
printing, addressing, stamping and mailing of invoices via the EZ
Invoice service. The EZ Invoice service is an efficient and
hassle-free way to send clients a two-page 8.5"x 11" invoice along
with a return envelope and a pre-addressed perforated payment stub.
Available 24 hours, seven days a week, TimeBills.com supports all
major Internet browsers and is easily accessed from any
Internet-equipped computer. All data is backed up on state of the art
servers, encrypted, password protected and only accessible to the
TimeBills.com member. The service is constantly being updated based on
member feedback, and it offers user-specific customization options to
adapt to each company's specific needs.
TimeBills.com was founded in 1999 in order to provide small businesses
and solo practitioners with Web-based services that ease their
administrative burdens. Headquartered in Boston, MA, TimeBills.com is
committed to providing a new network of professionals with convenient