Harvest
Time Tracking
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Time Tracking Software for Professional Services

Professional services firms lose 15-25% of billable hours annually. Harvest addresses this with automated time tracking and seamless integrations.

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How much revenue is your team leaving on the table?

Most agencies run at 55-60% utilization. Even a small improvement means significant revenue. See what closing the gap looks like for your team.

Number of people who track billable time
$
Blended rate across roles (junior, senior, lead)
55%
Percentage of total hours that are billable. Industry average is 55-60%.
75%
A realistic target for service businesses is 70-80%.
Monthly revenue gap $0
Revenue at current utilization $0/mo
Revenue at target utilization $0/mo
Extra billable hours needed per person/day 0h
Annual revenue opportunity $0

Start tracking team utilization

How this utilization rate calculator works

Utilization is the share of paid working hours that are actually billable, and small gaps add up fast.

  • Utilization rate = billable hours ÷ available hours.
  • Revenue = team size × hours per week × utilization × billing rate.
  • Revenue gap = revenue at your target utilization − revenue at your current rate.

The annual opportunity is that monthly gap carried across the year.

Discover Harvest for Professional Services

Explore how Harvest's time tracking software enhances project profitability and captures more billable hours for professional services.

Harvest time tracking software dashboard for professional services

Time Tracking Software for Professional Services FAQs

  • When evaluating time tracking software for professional services, look for features like automated time tracking, customizable billing rates, and integration with project management tools. Harvest offers these capabilities, ensuring accurate invoicing and streamlined workflows.

  • Harvest automates billing and invoicing by generating invoices based on tracked billable hours. This ensures timely and accurate billing, reducing administrative tasks by up to 50% and improving cash flow for professional services firms.

  • Yes, Harvest integrates seamlessly with popular project management tools such as Asana, Trello, and Jira. These integrations streamline workflows by ensuring that time tracking aligns with your existing project management systems.

  • Automated time tracking software can lead to a 20-30% increase in billable hour capture and improve work-time efficiency by up to 32%. These tools reduce manual errors and enhance project profitability by providing accurate data for billing and project analysis.

  • Harvest supports compliance through its customizable reporting features, allowing firms to generate detailed reports that meet specific industry standards. This capability helps maintain transparency with clients and supports informed decision-making.

  • Approximately 31% of businesses observe a positive return on investment (ROI) within six months of adopting automated time tracking systems. This ROI is driven by increased billable hours and reduced administrative costs.

  • Harvest improves utilization rates by providing detailed reporting on team productivity and resource allocation. These insights help firms allocate resources more effectively and focus on the most lucrative projects, boosting overall utilization.