MyTaskit said a recent study by the independent research firm Marine Business Advisors showed that the coordination module of MyTaskit Pro provides a return on investment 15 times its cost in the first month.
The research was conducted in late 2016 at Falmouth, Mass.-based MacDougalls' Cape Cod Marine Services.
MacDougalls' used MyTaskit Pro's Operations module prior to the study, but relied on paper printouts such as work orders, time sheets and job cards for service work assigned to its 27 technicians. This resulted in lost billings and time, and loss of information and coordination, MyTaskit said.
MyTaskit said the study demonstrated that once MacDougalls' began using MyTaskit Pro's coordination module, billing time was reduced by 44 percent. The module also resulted in 50 percent time savings in information gathering.
Unauthorized overtime and time spent communicating internally was reduced by 50 percent and the business realized an 80-minute-a-day reduction in administrative hours, MyTaskit said.
"Implementation of the coordination module decreased the time to close our month by reducing the time to finalize billing by an average of eight days," MacDougalls' Cape Cod Marine Services comptroller Terri Cardosi said in a statement. "This allows our company to better track our financial position and make changes as necessary."