As a consulting company, our core product is the expertise of our programmers. The formula is simple, hours on a project multiplied by an hourly rate gives the total cost of the project. The variable is the number of hours.
Everyone has their own tactics for keeping track of where the time goes. Some of us have spreadsheets, some of us jot down times in a notebook and others use various time tracking applications. Somehow, these numbers need to be collected and make their way into an invoice.
It is perhaps an understatement to say that this task is less than enjoyable.
Troove makes this trivial. Everyone can enter their own hours and what projects they have been working on. When the end of the project rolls around, creating an invoice from these logs is only a few clicks away.
It's fast, easy and less prone to mistakes.
Companies that do business online are in a unique position. Our products are available to anyone in the world with virtually no cost of transport. Unfortunately, while our distribution system is global, our payment systems are not. Inevitably, when you start doing business outside the borders of your home country, you need to start dealing with money in multiple currencies.
Troove fully supports the ability to deal with multiple currencies across the board. You can invoice one company in euros, pay a bill in pounds sterling and keep track of your local expenses in dollars.
We pull spot exchange rates from Exchange Rate API and use these to ensure your profit and loss reports accurately indicate the gains and losses incurred by the ebb and flow of the money markets.
Transaction accounts such as accounts receivable fully support multiple currencies and will quietly keep balance when you invoice international customers in their own local currencies.
Accounting for transactions across currencies can be a bit of a hairy problem, but Troove has been built to mitigate some of the pain.
Laptops are more and more prevalent in the workplace today. You can take them on business trips, plug them into a 'real' monitor and keyboard when you are at work and they are easy to pack up and move down the hall if needed.
This portability also means they are more likely to be stolen.
Storing your critical business information on a laptop means that if it is stolen, someone else now has access to everything. This could well include your accounting software, spreadsheets with detailed financial information and copies of invoices among other things that you might not want published to the world.
You may have passwords on your laptop, but with physical access to the machine, they offer little protection.
One option to prevent the loss or theft of financial or personal information is to ensure that it is not actually stored on the laptop. Using web based services such as Troove to store and manage your data provides an extra layer of physical security that does not exist with a personal computer.
And our servers are in a facility with armed guards.
We started out in a consulting company. We were logging hours in one program and then someone else would copy that information into another program which would keep track of projects.
Then that program would output to yet another program that would invoice the client. Then the client would pay the invoice and all of this had to be accounted for. Accounting was done with yet another program.
This was entirely too much work.
We exist to make this easier. Time and expense logging for projects, invoicing all wrapped into a full accounting system that keeps your books balanced.
Try our demo here.