Datalab Chronos for calculating hidden costs

Datalab Chronos

The right solution for calculating hidden costs

Chronos is a system used in monitoring the time required for a project task by each employee, thus allowing proper evaluation of the spent time resources. In simple terms: Chronos is a stopwatch which records time spent on a particular task.

Do you know how much labor costs are incurred by single customer? How much time do your employees spend for presentations? Which customers mean a lot of work for you, and which are done fast? Why are all the employees always fully engaged, however, there is no realization?

Chronos is an ideal solution for companies where ‘soft cooperation’ methods with partners represent significant cost.

It is ideally suited for the following:

  • accounting firms where a lot of counseling is done over the phone which is difficult to track in terms of cost,
  • law firms, where the time spent is charged,
  • consulting firms, where we are not interested only in the on-site time spent for each partner, but also when preparing documents,
  • design bureaus, marketing agencies, etc.,
  • in short, wherever we want to perform cost monitoring related to work, which otherwise remain undefined in regular systems.

Understanding how Chronos works

Chronos is a system used in monitoring the time required for a project task by each employee, thus allowing proper evaluation of the spent time resources. In simple terms: Chronos is a stopwatch which records time spent on a particular task.
Each even can be linked to a specific business partner or project; the ID of the employee who created the event is assigned to it automatically. Simply enter the additional explanation for the event in the Note field. You can sort the tasks in specific groups and subgroups in the Task Type register.
Use Chronos to set the billing base or use it simply in internal cost analysis for costs which otherwise would not be accounted for. It is extremely easy and quick to use and therefore does not present too much extra work.

Reports

The entered data can be accounted for using reports. You can prepare reports:

  • by business partner
  • by event type,
  • by employee and
  • using a combination of every option together with set date limits.

PANTHEON integration

Chronos is closely integrated with the PANTHEON software package. Not only does it use the same database but you can also view all Chronos events when performing document overview for individual business partner.
PANTHEON Enterprise

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