Without a true measurement of the costs and profits associated with individual projects, it’s virtually impossible for businesses to get a true measurement of how they’re performing on a financial level. Costlocker is a web-based application that provides tools for evaluating the financial performance of individual projects, employees, or agencies as a whole.
Costlocker measures the profitability of your work by comparing the costs and revenue generated by each project your company handles. In addition to tracking the time you and your employees spend working on individual projects, tasks, and activities, Costlocker also analyzes projects based on the revenue, profit margin, and associated costs. Keep your estimates and invoice information saved in Costlocker, and the platform will measure how much your business has lost financially as a result of underestimated hours. You can also compare projects to determine which types of clients provide the greatest value for your business, relying on a cashflow system to ensure the data you’re looking at is always up to date.
Costlocker provides managers with valuable tools for evaluating the performance of employees. Using the system, managers can follow their employees’ workloads and review how much revenue each employee brings in. This information is incredibly useful when it comes to reviewing employee performance, since Costlocker’s recommendations are based purely on data rather than emotion or feelings.
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