Design Agencies Look Ahead to 2005 and See Billing Efficiency and Pricing as Areas to Improve
Victoria, BC — December 13, 2004
TimeFox shares results from poll sent to 17,000 creative professionals in 2004.
(Victoria, BC, December 13, 2004)—FunctionFox, the makers of TimeFox, the web-based time and expense tracking tool for design agencies, today announced results from their 2004 poll of over 17,000 creative professionals.
The results released by FunctionFox suggest that design firms are looking for ways to maximize revenue in two specific ways: by improving how clients are billed and by raising prices for design services.
"These polls are a great way to take the pulse of the design business," explains Corina Rothlisberger, vice president of operations at FunctionFox.
Poll questions and results:
| A. Question: The aspect of my business that I would most like to improve for 2005 is: |
| |
Billing Efficiency |
|
42% |
|
| |
Client Relationships |
|
34% |
|
| |
Staff Productivity |
|
21% |
|
| |
Not sure |
|
4% |
|
| |
| B. Question: Within the next year my firm will most likely: |
| |
Increase Prices |
|
70% |
|
| |
Remain constant |
|
16% |
|
| |
Decrease Prices |
|
11% |
|
| |
Uncertain |
|
3% |
|
Shannon Carter, CEO of the Cartis Group, an advertising and design agency in Austin, Texas, agrees that billing efficiency is part of a healthy balance sheet: "More accurate time entries lead to better data for future project estimates because we have more accurate historical data. Better estimating leads to higher profitability and happier clients."
To assist their employees with time tracking in a Macintosh environment, the Cartis Group uses TimeFox, the web-based time and expense tracking system for small business and workgroups.
TimeFox polls are sent to over 17,000 creative professionals each month in the "About Time" newsletter. To take part in the next poll, sign up for "About Time" at
www.functionfox.com/newsletter/
ABOUT FUNCTIONFOX
FunctionFox is the leading provider of time and project tracking software for small creative companies. TimeFox, its web-based timesheet and project management software, is the number one ranked time-tracking system in North America. Graphic design, advertising, communications, marketing, multimedia, public relations, and interactive firms all choose TimeFox as their web-based time and project management application. TimeFox is currently used by thousands of customers in Canada, the US, Europe, Asia, Australia and New Zealand.
For more information please visit
http://www.functionfox.com
or contact:
Corina Ludwig, President
FunctionFox Systems Inc.
#2-415 Dunedin Street
Victoria, BC, Canada
V8T 5G8
Toll Free: 1.866.369.8463
Telephone: 1.250.479.1285
Fax: 1.250.479.1285
info@functionfox.com
|
Corina Ludwig, President
FunctionFox Systems Inc.
#2-415 Dunedin Street
Victoria, BC, Canada
V8T 5G8
Toll Free: 1.866.369.8463
Telephone: 1.250.479.1285
Fax: 1.250.479.1285
info@functionfox.com
http://www.functionfox.com
|