Timesheet software: HR time management software

Time Management HR software offers tremendous business benefits in replacing cumbersome manual systems with simple to use online software. Good time management software is invaluable, allowing hours worked by employees to be recorded, authorised and delivered to finance for payment in an automated controlled process. Significant cost savings can be realised by this form of direct processing and thereby efficiency gains, as well as stronger Time management reporting and analysis.

Time management and timesheet software today is often delivered using the ‘Software-as-a-Service’ (SaaS) business model. This has the technology benefit to allow controlled access to the software 24/7 from any location and often from any device such as mobile devices e.g. iPhones, Blackberrys, mobile phones. This type of software is typically charged as a simple low cost monthly subscription fee keeping any capital costs to a minimum and is often charged by the number of employees or organisation size.

Following the submission of the timesheet this is sent on automatically to the appropriate line manager for approval, multiple levels of approval can also normally be set up in accordance with the company’s standard procedures. Following management approval the timesheet is sent onto the finance department for final approval and where appropriate payments are made.

In particular online web based solutions makes the management's work simpler and dramatically improves workplace efficiency. Whilst recording time worked which includes normal and overtime worked, HR & Time management software is typically configurable to allow different cost-code allocation against each portion of time worked, such as a specific Project or Client, or even a Product. This information can then be reported on directly as well as exported to a favorite spreadsheet such as Microsoft Excel for further analyses. As well as compatibility with other programs like excel, good time sheet software provides both flexibility and speed of use.

Recording and tracking the time spent traveling or on projects and recording time based activities will provide valuable reports on where resources are used and allow allocation of rechargeable time to clients or against general activities as required. As the software is used then Timesheet history reports can be run very easily allowing further analyses to help spot any trends.

So if you’re looking for improving efficiencies in your business and automating manual tasks to help minimise and eliminate errors then implementing online Time Management and timesheet software will be a great investment.