Closed-loop system
What is Closed-loop system?
A workflow where proposal → contract → project → time → invoice → paid → P&L all run as one connected sequence with no manual re-entry.
Because each step feeds the next automatically, there are no seams where data drifts and nothing has to be reconciled by hand.
Related terms
- Effective hourly rateTotal revenue from a project divided by the total hours actually spent on it.
- Gross margin (agency)Revenue minus the direct cost of delivery (mostly people's time), shown as a percentage of revenue.
- Net marginWhat's left of revenue after all costs (delivery and overhead) are subtracted.
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