Penfold Heath Media, the Hove-based web design company, has developed a time management system for architects to help improve profitablity.
The company worked with a consortium of architects'
practices in the South-East and the resulting product, TIMEminder, was developed in conjunction with Rachel Smart, a former finance director for London-based John McAslan & Partners.
She said: "Organised, timely and clear data is essential to adequately manage the profitability and performance of practice finance. Data supports the directors'
understanding of the individual factors of the projects.
"TIMEminder assists this process by collating the cold data easily and freeing-up time for the real challenge of running a practice, interpreting what is happening and deciding the actions that should be taken to complete a successful and profitable project."
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