What is time tracking software? Is it right for my company? Time tracking software provides an easy, efficient way to track the time of employees and managers for projects and tasks. It is also easy to view the time spent on various aspects of the projects as they are happening, allowing for fast adjustments to keep your project moving towards completion without wasting valuable time and money.
How will my business use Time Tracking Software?
Timesheet software greatly reduces administrative tasks within your organization because all communication is centralized through the same application. This saves massive amounts of paper and also saves time; you don’t have to chase team members and remind them to complete and submit their timesheets. Employees and managers alike will find online timesheets easy to use and helpful and we have discussed how this works for each below:
Used by Employees – If you are worried about your employees resisting the idea of using time tracking software , don’t! It is an opportunity for employees to keep track of what projects they are working on and where their hours are being spent. This gives them a complete record of their productivity on all their projects.
Used by Managers – Managers will also find online timesheet software to be extremely beneficial for many reasons. They will be able to have their employees timesheets automatically routed to them for approval and they can set up rules to help eliminate mistakes and errors for employees entering time. This will save hours and money for the company. Timesheet software can be integrated for the easy transfer of data to and from applications like MS Excel, QuickBooks, Peachtree, etc.
Although change can be difficult, time tracking software are definitely a change for the better for your company and for your employees. The ability to effectively track resources and allocate them to projects in real time will result in increased profitability, reduced costs and better overall organization and productivity among employees.
Browse through the Screen shot tour of Online Timesheet and Expense
How does Time Tracking Software Work?
Time Tracking software easily and effectively tracks the time of your employees anytime, anywhere. Because it is accessed via a web browser, it is perfect for employees who travel, work from home or just need flexibility in accessing and using their timesheets.
Multi Tasking – User friendly software that can be used by multiple people and can track multiple clients and projects.
Member Management – Managers can set hour and expense rules and/or warnings to employees to better manage things like overtime,travel expenses, etc.
Customization – Your employees can allocate and track things like vacation, jury duty, maternity leave, etc. accurately, eliminating many hassles.
Cost Control and Profits – You can generate timesheet and management reports to study utilization levels, costs incurred and the profitability achieved from each and every project. The Return on Investment on the timesheet software can be measured in number of months.
Security– Timesheet software offers you multiple levels of security so that managers, consultants, assistants, etc. can have various levels of access to information and data. It is also supports DCAA compliance for tracking history, creating audits and logs.
Comparison table for various editions of the Web Timesheet and Expense software provides users flexibility to choose the edition that is suited for them.
Various editions of the Online Timesheet Software is available. Hosted timesheet software can be purchased for as little as $10 a month and can be fully downloaded for around $80 per user. Once your business begins using timesheet software, you should find increased productivity, communication and efficiency as well as reduced costs, better organization and improved ability to effectively manage projects and resources.
SK Dutta is a software architect and creator of OfficeClip Suite of products. He loves to design and develop software that makes people do their job better and more fun. He always explores ways to improve productivity for small businesses. He is also an avid reader in many areas, including psychology, productivity, and business.