In short

Every line ready, or a reason why not

Invoice readiness in KEEL prices each engagement's work by its billing model and marks every line ready or blocked, naming the blocker: client approval outstanding, hours without support, a purchase order too small, or a milestone not yet accepted. Revenue leakage is counted in dollars, and ready lines export straight to accounting.

Blockers

What stops a line from being invoiced

Client approval outstanding

Time-and-materials hours the client has not yet approved in the portal.

Hours without support

Time with no client time record where the engagement requires one.

Purchase order too small

Approved work that exceeds the remaining value of the client's purchase order.

Milestone not accepted

Fixed-fee work whose milestone the client has not signed off.

Leakage

Revenue leakage, in dollars

Over-cap retainer hours

Hours delivered beyond a retainer's cap that were never raised with the client.

Overrun beyond authorization

Work beyond what the SOW or change requests authorized.

Unsupported hours

Time that cannot be billed because the evidence behind it is missing.

Export, no rip-and-replace

Invoice-ready lines export as CSV, and a QuickBooks integration is available.

Questions

Common questions

Does KEEL issue the invoice?

KEEL prepares invoice-ready lines and exports them to your accounting system, which issues the invoice.

Which billing models does it handle?

Each engagement is priced by its own billing model, including time and materials, fixed fee with milestones, and retainers.

Who owns invoice readiness?

The finance controller, who must also approve anything with money in it on the commercial SOW.

How is leakage measured?

In dollars, by type: over-cap retainer hours, overruns beyond authorization, and unsupported hours.

Related

Keep reading

KEEL overview

Professional services automation from SOW to invoice, with margin that drills to the timesheet line.

Margin, utilization & forecast

Planned value, actuals, backlog and forecast landing by account and practice, each drilling to the person, the week and the timesheet line.

Staffing, timesheets & client approval

A frozen staffing forecast with numbered revisions, timesheets approved row by row, and time-and-materials weeks approved by the client in the portal.

How much did you deliver last quarter that you never billed?

Load one engagement. KEEL shows the leakage in dollars and the lines behind it.

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