Collector - October 2020 - 43

BUSINESSOPERATIONS

project managers to collaborate, track
billable work hours and monitor
project status.
*	 Toggl is a timer-based time tracking
system. The company advertises that
its product is used by Amazon, Google,
Microsoft and Adobe to monitor
progress by creating estimated timelines
and budgets for projects. It is wellsuited for firms with basic, less intensive
time-tracking needs.
*	 Hubstaff provides time-tracking
capabilities, employee monitoring and
project management features, including
GPS tracking features to monitor
employee productivity everywhere.
*	 Tick is a project-based time-tracking
software that compares progress with
estimated project timelines and budgets.

Managers can create a task, assign team
members to a project, and monitor
progress in real time. Users pay for this
software on a project-by-project basis.
*	 Harvest is both a time-tracking app and
expense monitoring tool that collects
data, creates reports and allows users to
send invoices to clients from the app.
*	 RescueTime generates productivity
scores using URLs, programs and apps.
This software is ideal for individual time
management, rather than employers
seeking to monitor their team, since
the app does not automatically send
updates to managers. Users can
categorize productive and unproductive
webpages to maintain efficiency.
While the coronavirus pandemic raises
new challenges for all businesses, it also

presents opportunities for higher levels
of productivity and efficiency. Timetracking tools can help ARM companies
optimize performance and plan future
strategy as they adjust to this new
work environment.
Olivia Potter is an investment banking
intern at Corporate Advisory Solutions
(www.corpadvisorysolutions.com), a
boutique merchant bank headquartered
in Center City Philadelphia. Managing
Partner Michael Lamm hosts the ACA
Cast podcast series Leadership Fuel with
Michael Lamm. He can be reached at
mlamm@corpadvisorysolutions.com.

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Collector - October 2020

Table of Contents for the Digital Edition of Collector - October 2020

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