Get a deeper look into what is driving your team and project profitability.
timeghost’s profitability Feature is designed to give you details about the profitability of your projects and team members.
Measure your profitability
But what does profitability really mean? Here is the definition on Investopedia:
“While profit is an absolute amount, profitability is a relative one. It is the metric used to determine the scope of a company’s profit in relation to the size of the business. Profitability is a measurement of efficiency – and ultimately its success or failure.“Melissa Horton on Investopedia
So, the feature makes it possible for timeghost to determine the revenues and costs of projects and to calculate a Profitability for projects and workspace members based on these values.
Therefore, we designed the feature to take into account the two most important factors that you have while working on a project:
Hourly rates can be defined in four different stages.
- Workspace settings
- Team member settings
- Project settings
- Project member settings
Labor costs are configured for each workspace member individually in their personal user settings.
Since this feature will make a big impact on your business and on the evaluation of your projects we made sure to offer you many guiding manuals for the different aspects of the feature. You can find them in our Support Center right here. Besides that, you also can always reach out to our excellent timeghost Support Team. Simply send an email to [email protected]
How to get the timeghost Teams App?
You only need to install the timeghost Teams App directly from the Teams Store in the application. You can find a manual on how to do this right here. The timeghost app includes all features that you know from the web client and since you use your Office 365 account in order to access timeghost you’re set and done in only a few seconds.
Try it yourself
We really appreciate all the feedback we can get, so please feel free to contact us and tell us what needs improvement or what you are missing in timeghost.