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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% | |
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| 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/resources/newsletter.html
About FunctionFox
FunctionFox is a leading provider of simple, affordable time and expense tracking for small business and workgroups.
TimeFox, its web-based timesheet application, is the number one ranked time-tracking system in North America.
Because TimeFox provides easy-to-use timesheets and instant, comprehensive timesheet and expense reporting,
it is the product of choice for a wide variety of businesses and workgroups.
Graphic design and advertising firms, legal and financial institutions, government departments,
health service organizations, and accounting groups all choose TimeFox as their web-based timesheet application.
TimeFox timesheets are currently used by thousands of customers in Canada, the US, Europe, Australia and New Zealand.
www.functionfox.com
For more information, contact:
Marci Crossan
Director of PR
FunctionFox Systems Inc.
Toll-Free: 1.866.369.8463
info@functionfox.com
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| "Our PR and Design Agency looked diligently for a time and project tracking software application, only to find it right here in our own backyard. TimeFox paid for itself within weeks. Now we are accountable to our valued clients, we know how long we've worked on projects, and invoicing is a snap! I thank that little Fox every morning when he greets me upon log-in." Maggie Kerr-Southin Artemis Creative Communications
"TimeFox allows us to track our time more accurately by removing any/all objections my employees had to entering their time. More accurate time entries leads to better data for future project estimates because we have more accurate historical data. Better estimating leads to higher profitability and happier clients. All this leads to better profits and a happier CEO — me." Shannon Carter Cartis Group
"I needed a better time tracking system than the manual way we were doing things. I knew we weren't charging for all the "little" things and "quick" tasks like emails etc. We absolutely love your product. Learning to use it was so easy and it makes billing a snap. Thank you for developing such a functional tool. It's definitely making us more money." Allison DeFord DeFord Designs |