For consultancies
Run every mandatewith clear financials attached.
Effici gives consulting teams a connected view of time, costs, budgets, and billing per engagement — so you always know where each mandate stands financially.
The challenge
Consulting margin disappears when time, costs, and billing are not connected.
A mandate starts well. Then hours accumulate in a separate tracker, costs live in email, and billing happens at end of month from memory. The margin review comes too late.
No live view of engagement profitability
Without real-time budget tracking, you find out a mandate was over-delivered only when the invoice is already sent.
Billing prep eats into consulting time
Compiling time logs, expenses, and deliverables into an invoice takes hours every month for something that should be automatic.
Client data scattered across tools
Proposals, agreements, time entries, and invoices live in different places, making it hard to give clients a consistent financial picture.
How Effici helps
Financial control for every engagement from day one.
Per-engagement budget and margin tracking
Set revenue and cost budgets when the engagement starts. As time and expenses are logged, the margin view updates automatically so you can act early.
- Revenue budget from the signed proposal
- Cost budget including team and expenses
- Live margin and utilization per mandate
Time tracking linked to billing from the start
Consultants log hours directly against the engagement. Billable and non-billable time is separated. At billing time, Effici shows exactly what to invoice.
- Per-person billing and cost rates
- Billable vs non-billable time classification
- Invoice proposals from logged work
Proposals that convert into projects and invoices
Draft a proposal in Effici, convert it to an engagement, and later to an invoice — without re-entering data at each step.
- Proposal and order in one flow
- Automatic project creation from the signed proposal
- Client and rate data carried through
Consolidated reporting across all mandates
See revenue, costs, margin, and outstanding receivables across the full consulting portfolio in one report — not assembled from multiple tools.
- Cross-engagement P&L overview
- Outstanding invoices and payment status
- Team utilization across mandates
How it works
From signed proposal to settled invoice.
Create a proposal, set the engagement budget
Write the proposal, get it signed, and turn it into an engagement with budget parameters already in place.
Track time and expenses as work happens
Consultants log hours and direct costs. The engagement dashboard stays current throughout the mandate.
Generate the invoice from logged work
Review the billing proposal, send the invoice, and track the payment — all in one place.
Who it is for
Consultancies of all sizes doing client work.
Strategy and management consultancies
Track mandate budgets and billing without a finance team. See per-engagement profitability before the engagement closes.
IT and technology consultancies
Connect project delivery data with billing. Invoice from logged time and costs without manual compilation.
Independent consultants and small firms
Keep all client engagements, time, and invoicing in one place without paying for tools designed for larger teams.
Related features
The product areas behind this workflow.
Project Budgeting
Budgets tied to real engagement data.
Set targets and track actuals across revenue, cost, and margin per mandate.
Learn more →Time Tracking
Billable time that flows directly to invoices.
Log hours against engagements and surface them as invoice proposals without extra steps.
Learn more →Project Reporting
Cross-portfolio financial reporting.
P&L, utilization, and receivables across all mandates from the same data set.
Learn more →FAQ
Common questions.
Can I track different billing rates for different consultants?
Yes. Each team member has their own billing rate and cost rate. Effici uses both to calculate project P&L and generate accurate invoice proposals.
Does Effici support fixed-fee and time-and-materials engagements?
Yes. You can run both engagement types in Effici. For fixed-fee work, track hours and costs against the agreed budget. For T&M work, use billable time directly in invoice proposals.
Can I track expenses on top of time for an engagement?
Yes. Direct costs like travel, third-party services, and software can be logged against the project. They appear in the engagement P&L and can be marked as billable or non-billable.
How does Effici handle partial billing and milestone invoicing?
You can create multiple invoices per engagement — for deposits, milestones, or monthly billing cycles. Each invoice pulls from logged work or can be set as a fixed amount.