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How To Cut Business Costs With Employee Time Tracking Software

Aug 17, 2007
"Time" is the key word as it relates to money and software that saves and tracks time, increases efficiency and cuts project costs. Whether a company is small or an enterprise wide corporation, software that assists better time tracking, project time tracking and employee time tracking will ultimately increase your profits.

By reducing the time spent on time sheet data entry and project reporting, your organization will see cost reductions and productivity increases, which equals money saved. Understanding where each individual employee's time is spent and realigning that time as needed to best suit the needs of the current project is a major step toward greater profitability. Another important key to implementing great time management is the ability to move resources quickly between projects and tasks without effecting existing time entries.

The ability to access real time data on how any one or multiple employees' time is spent will allow you to make appropriate changes to reduce internal costs, realign project resources and time projections of project deliverables. Time is money! Time management and profitability are in direct correlation with how well time is managed and how well one can generate reports based on the numbers. This then reflects in the bottom line.

Having easy access to time management history allows your company to guesstimate (with accuracy) the man hours of a particular project, what that project will cost in labor and resources, the cost effectiveness of pricing, as well as effective quoting based on similar past projects.

Time tracking and project costing software applications should include time sheet software, time attendance software and time billing software in one easy to use graphic interface. Software designed for business intelligence reporting and including over 135 powerful reports and graphs in real time for time sheet management, performance management, project tracking, and project management will undoubtedly reduce waste of employee time and company resources.

DOVICO Software, which is compliant with DCAA, Sarbanes Oxley Act (SOX) and other quality control programs such as CMMI, COBIT and Six Sigma, will provide a software solution that delivers measurable results straight to the bottom line. This project tracking, project time costing and project time management software will provide real time informative data to shape your teams' production to full capacity. Training should always be easily implemented and user friendly in order to ensure employee adoption of the new software system.

A programs' adoptability rests in how easy it is to implement into your existing system with the least amount of impact on your business. The right software provides you with fast access to data, and should integrate with your existing software (example: Microsoft Project, QuickBooks & Active Directory).
The right software for tracking projects and employees easily increases a company's productivity and the bottom line. The right software will give your company better control of time and that is a statement of power.
About the Author
Gregg Hall is an author living in Navarre Florida. Find more about this as well as time managment software at http://www.dovico.com
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