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Remote Time Tracking: The Benefits of Using Time-Tracking Apps

Remote Time Tracking: The Benefits of Using Time-Tracking Apps

Are you tired of manually tracking your work hours? Remote work can be challenging when it comes to keeping track of your time, especially if you're working with a team. Fortunately, there are time-tracking apps that can help you streamline your work and be more productive.

What are Time-Tracking Apps?

Time-tracking apps are software tools that help you keep track of the time you spend on specific tasks. These apps are commonly used by remote workers, freelancers, and businesses to monitor their employees' work hours and keep track of project progress.

Some of the most popular time-tracking apps include:

  • Harvest
  • Toggl
  • RescueTime
  • Clockify
  • Everhour

These apps offer a range of features, such as:

  • Automatic time tracking
  • Manual time entry
  • Project and task management
  • Invoicing and billing
  • Reports and analytics
  • Integrations with other tools

How Do Time-Tracking Apps Work?

Time-tracking apps work by tracking the time you spend on specific tasks and projects. Some apps use automatic time tracking, which means they record the time you spend on different apps and websites. Other apps require manual time entry, where you input the time you worked on specific tasks.

Once you've tracked your time, you can use these apps to generate detailed reports and insights about your work. You can see how much time you spend on different tasks, which projects take up the most time, and how much time you spend on non-work-related activities.

The Benefits of Using Time-Tracking Apps

There are several benefits to using time-tracking apps, including:

Improved Time Management

Time-tracking apps can help you stay focused and productive by tracking the time you spend on different tasks. When you have a clear idea of how much time you're spending on each project, you can prioritise your work and ensure that you're finishing tasks on time.

Better Project Management

Time-tracking apps can help you manage your projects more effectively by giving you a clear overview of how much time you've spent on each task. You can use this information to identify areas where you're spending too much time and optimize your workflow accordingly.

Accurate Invoicing and Billing

If you're a freelancer or a business owner, time-tracking apps can help you generate accurate invoices and bills for your clients. These apps can automatically calculate the time you've spent on different projects and generate detailed reports that you can send to your clients.

Improved Work-Life Balance

Time-tracking apps can help you achieve a better work-life balance by giving you a clear idea of how much time you're spending on work-related activities. With this information, you can identify areas where you're spending too much time and make adjustments to your schedule accordingly.

Lancr: The All-in-One Solution for Remote Workers

While there are many time-tracking apps available, Lancr offers a unique all-in-one solution for remote workers. In addition to time tracking, Lancr offers a suite of features that can help you manage your work and finances more effectively.

With Lancr, you can:

  • Track your work hours
  • Create invoices and bills for your clients
  • Manage your projects and tasks
  • Collaborate with your team members
  • Pay your freelancers with the lowest fees

Lancr's payment system is particularly noteworthy. With Lancr, you can pay your freelancers using a low-cost payment system that charges minimal fees. This means you can save money while still getting the job done.

Conclusion

Remote work can be challenging, but time-tracking apps can help you stay productive and focused. By using these apps, you can improve your time management, project management, and work-life balance. And with Lancr, you can enjoy even more benefits, including low-cost payment processing and a suite of features designed specifically for remote workers.

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Why is ESG data expensive?

The costs of collecting, analyzing and storing data are not cheap. And unlike financial data, there is no standardized process for determining ESG scores.The complexity of ESG data and the lack of standardization in the process for assessing environmental, social and governance factors also makes it difficult to compare companies on these metrics. Regulators are trying to make ESG information more transparent by mandating that companies disclose them alongside their financials, but this is still materializing globally. Traditional providers such as MSCI or Refinitiv employ armies of analysts to get this data from corporate disclosures (if it exists) and then normalize that data and provide it back to you. This is a very expenive process, with lots of quality control, and importantly - because this data is not disclosed very frequently (companies typically disclose ESG related data annually), there is less incentive to have a continuous subscription to a ESG data feed, along with risk of information leakage. All of this results in very expensive, and limited annual contracts.

Artificial Intelligence is changing the way we create and consume ESG data, which address many of the issues above - but that is a topic for another day.

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