Freshbooks gets social with your data

by Mathew on October 4, 2006 · View Comments

My friend and fellow mesh organizer Mike McDerment has been on a real roll lately with FreshBooks, the online invoicing and time-tracking software company that he and his team of Web 2.0 wizards run out of a secret location known only as “The Meadows” (actually, Toronto).

The latest addition is a social aspect that plenty of small businesses and freelancers would likely be very interested in: the ability to aggregate and track not just your own data — that is, how often and how quickly you get paid, etc. — but data supplied by others as well, to see how you compare to the rest of the industry. As Mike explains in his post, all of this information would be voluntary, and would remain anonymous.

Not only that, but Mike says FreshBooks will be looking at the aggregated data to find the best performers and interviewing them for the benefit of the whole community. All in all, some pretty cool features, I think. Nice job, guys (and girls). Stowe Boyd (an advisor to and investor in the company) has more here.

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  • http://www.secondsite.biz/blog/2006/10/04/gathering-data-for-the-greater-good/ FreshBooks Blog » Gathering Data for the Greater Good

    [...] […] My mesh partner Mike McDerment and his Freshbooks colleagues have launched a new version of their online invoicing service – details in their post. As another of my mesh partners Mark Evans has noted, the new version has a very interesting feature: One thing that makes v3.5 different is Freshbooks asks for the user’s profession/industry. So what do you get for disclosing some personal information? Well, Freshbooks will produce comparative business metrics that users can apply to their own businesses. Freshbooks is also going to sift through its records for the best performers in each sector, and then interview them for tips that will shared. […] Freshbooks gets social with your data » Mathew Ingram: mathewingram.com/work – October 4/2006 11:12 pm [...]

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