Web Tracking of Billable Time Improves Productivity and Bottom Line/ New Kyebot Time Tracking and Billing Software Announces Availability

New Web-based time and billing application simplifies administrative tasks associated with tracking billable hours and virtually eliminates problems with under-billing.

Stratford, CT (PRWEB) September 13, 2004 -- If youre looking for a convenient way to track the way you and your staff spend your billable time in order to maximizing revenues, youre in luck. Throw out your spreadsheets and homegrown systems and look to Kyebot, the new Web-based time and billing application. Kyebot simplifies administrative tasks associated with tracking billable hours and virtually eliminates problems with under-billing.

Kyebot, developed by Kye Online Services based in Stratford, CT, is designed for consultants or services-based small businesses that need to simplify their administrative duties and reduce non-billable time or unrecorded hours and bills. With only an Internet connection, users can access Kyebot for easy entry of billable hours or to monitor account or staff activity.

Kyebot dramatically reduces your cost of ownership by removing the overhead expenses associated with conventional time billing applications and its Web capabilities surpass the benefits of homegrown systems," says Kye Online Services, Inc. president, Hervon Porter. In addition, given the revenues recovered from unbilled services and the time saved in billing administration, Kyebot is the tool that can significantly impact the bottom line for service-based businesses.

Streamline Billing Tasks- Kyebot offers users real-time access to all billing entries for greater organization and improved project management. The system allows users to review all open blocks of time and submit them online to clients. For summary or historical purposes, Kyebot allows users to access past billing data for any given time period.

Greater Billing Accuracy -- Avoid mistakes caused by multiple spreadsheet or form entries by entering data just once in Kyebot. The system allows you to compare actual vs. budgeted time allowances by project and track unbilled time by flagging hours worked, but not billed.

Finance- Invoices that are generated by Kyebot are kept in the system for future review and payments can be applied to show revenue for any period, client, account(s), etc. Additionally, the fully integrated accounts payable module lets you process bill payments, track expenses and manage disbursements.    
Reporting- Standard management reports are available, for example, to monitor the activity against accounts or to calculate quarterly sales tax figures.

Kyebot is a single point of entry for all my staffs data including time and expenses and since theres no paper involved, they can enter their time whenever and wherever they are," says Kyebot user Tony Falco, owner of Falco Computer Consulting in Southington, CT. Kyebot replaced a time tracking system I developed because its real-time Web access capabilities and its integrated accounting features make tracking and billing so simple. This system makes it so convenient to keep track of your time, weve essentially eliminated the chance of consultants forgetting to record hours thus under-billing the client."

Businesses use Kyebot to more effectively collaborate with consultants or vendors by avoiding having to decipher individual invoices and instead easily exchange billing information online. Laura Walny, assistant executive director of the Southwestern CT Agency on Aging uses Kyebot to track and manage bills submitted by various consultants that work for her organization. Prior to Kyebot, consultants submitted bills that may not have always included sufficient data and had to be tracked manually. This product is for organizations that want to effortlessly collaborate with outside consultants on hours billed as well as easily analyze billing data," says Walny.

About Kye Online Services, Inc
Kye Online Services Inc. is a leading developer of time tracking and billing applications and computer consulting services. Kye Online Services has been in the software development business for over a decade. With a customer base spans Connecticut in fields ranging from healthcare to manufacturing, Kye Online Services, Inc. has developed several custom application that manages time and material. Kyebot was design from the ground up to be a T&M system and is not a spin-off from an existing system. This is the second product to be commercially released by this organization. For more information on the Kyebot application or for a 30-day free trial, go to www.kyebot.com or call (203) 380-2461.
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