How ClickTime Helped Fuel a Profitable Corporate Spin-Off
Ten percent revenue growth annually. Thirty-seven percent profit margin by fiscal 2026. Seventy percent cash conversion rate. A multi-billion dollar public corporation has been able to maintain such aggressive financial targets through its corporate spin-off project thanks to excellent records in ClickTime.
Background
In early 2024, one of ClickTime’s clients—a global leader in facilities management with operations across 50+ countries—began spinning off one of its major divisions. The IT team of this division was tasked with establishing an independent infrastructure while maintaining its existing project roadmap. Adhering to this roadmap was essential to meet the financial targets set for the spin-off.
For the IT director leading this transition, maintaining financial precision while meeting these ambitious goals was a monumental task. To stay on track, the team turned to ClickTime.
“The biggest challenge has been managing the transition while tracking against our existing department roadmap,” said the IT director. Managing an IT transition within the very systems being transformed added complexity. The team needed a solution to ensure seamless time and expense tracking while maintaining accurate financial reporting as they became a standalone entity.
“One big part of the budget on our side is people: people working on operations, on maintenance, and on development of new features. We follow our budget thanks to ClickTime. So that’s why it’s a very central solution for us.”
How ClickTime Helped
ClickTime has allowed the department to maintain accurate CapEx tracking even as infrastructure changes increased OpEx demands. This team’s financial success relied on keeping 90% of their IT budget focused on capital projects, aligned with a broader goal of investing 10% of revenue in technology-driven CapEx.
As the director explained, “One big part of the budget on our side is people: people working on operations, on maintenance, and on development of new features. We follow our budget thanks to ClickTime. So that’s why it’s a very central solution for us.” ClickTime’s customization options allowed the team to label projects as CapEx or OpEx easily, track expenses per project and activity, and adjust as their priorities evolved.
“The most important thing was a flexible solution... ClickTime’s ability to be customized was really, really helpful.”
Supporting Strategic Financial Goals
ClickTime wasn’t only helpful for the IT department; it became integral to the company’s overall financial strategy. The finance team used ClickTime’s real-time data and monthly exports to monitor labor costs and make accurate expense forecasts, directly supporting profitability goals. ClickTime’s flexible reporting met changing requirements from group headquarters, helping the IT team avoid issues other divisions faced in accessing and exporting data.
As the IT director remarked, “The most important thing was a flexible solution… ClickTime’s ability to be customized was really, really helpful.”
Conclusion
ClickTime is designed for transition. With customizable parts rather than complicated configurations, it’s easy to rearrange as corporate priorities change. Not only is ClickTime agile enough to accommodate shifting priorities, but it’s a reliable partner thanks to enterprise-level security.
For this company amid a corporate transition, ClickTime was key to financial predictability and operational success. By enabling accurate CapEx tracking, flexible reporting, and alignment with strategic objectives, ClickTime supported the IT team’s mission to meet aggressive financial targets and evolve with confidence.
