Understanding the dashboard
The Efficiency Rate Dashboard provides relevant insights on how well a business is converting billable hours into invoices sent to clients or customers. This dashboard helps determine billing performance based on accuracy, resource allocation, and timeliness.
Why is it important?
The Efficiency Rate Dashboard provides you with the following relevant information:
Offers cost-effectiveness of billing and invoicing processes a business is performing
Provides better information for forecasting cash flows and managing resources effectively
Empowers you to build better client or customer relations with ensuring invoices are clear, accurate, and delivered on time
Explore the Efficiency Rate Dashboard by clicking through the interactive demo below!
Interactive demo
Dashboard FAQs
What is the Billed Hourly Rate and how is it calculated?
The Billed Hourly Rate is the amount charged per hour for a team member’s work. It’s calculated by dividing the total invoiced amount by the number of hours recorded on their timesheets.
What metrics affect Recoverability?
Recoverability is affected by two main metrics: WIP and Billing.
What data range limitations can you define in the dashboard?
Data range limitations for time periods can be defined within the dashboard by either selecting from available options or manually indicating start and end dates. Aside from this, you can also apply data range limitations right from the dashboard by selecting listed items or points on the graph.