DevTime Invoice Tracker
Summary
My company, DevTime Invoice Tracker, is developing a web application to help developers and agencies track their billable hours and generate invoices with streamlined time tracking and one-click invoice creation.
Problem statement
Developers and agencies struggle with inefficient time tracking and complicated invoice creation processes which causes lost billable hours, delayed payments, and reduced profitability.
Solution
A web application that combines time tracking with automated invoice generation, allowing developers and agencies to log hours worked on projects and instantly convert tracked time into professional invoices with one click. The platform would feature project-based time tracking, customizable hourly rates, and automated invoice templates that pull directly from logged hours to eliminate manual data entry and billing delays.
Growth metric
The key metric to focus on is Monthly Active Users (MAU) who create at least one invoice per month. To scale this metric to affect 1 million people, the company should implement a freemium model with generous free tier limits to attract individual developers and small agencies, and develop integrations with popular development tools like GitHub, Jira, and Slack to capture time automatically and reduce manual entry friction.