One of the absolute key factors when implementing a timesheet & expense management solution is to ensure you focus on simplicity. Solutions that are quick and easy to use with little training almost always deliver greater benefits. Why, because they are used and valued by the business. To ensure your system is simple and easy … Read more
Without doubt, one of the most sensitive pieces of data you will store in any time and expense management solution is cost data on your resources and charge out rates. With such information stored, it is essential that the solution you implement has a mechanism for restricting access to financial information. For example, in the … Read more
One of the major issues with paper based, excel and home-grown systems is that they are prone to data entry errors. A key objective of replacing such a system should be to ensure the data entered is accurate. This means selecting a product which is highly configurable and provides key security features to aid data … Read more
Once your organisation has made the move to a web based timesheet system, it is essential that the system promotes compliance. Generally there are two schools of thought on how to best implement this; the first is to implement email alerts for individuals who have not entered time or who have missing days. (Although on … Read more
The next major decision for many organisations once they have implemented a solution, is whether individual employees or a central administrator should enter time. This decision should be a simple one. Realistically, the cost per employee for a comprehensive timesheet & expense management solution should really not exceed £60 per year or £5 per employee … Read more
For many organisations, implementing a time & expense management solution involves purchasing software licenses, installing the software on their own servers, purchasing consultancy services to configure the system and load data, as well as paying an annual support and maintenance charge. Until recently this has been the norm and requires organisations to make a capital … Read more
Timesheet & Expense Implementation Guide Part 1 – Paper-based, Excel or Dedicated Solution. In this series, we look at some of the common benefits you can achieve through automating your timesheet and expense capture; how significant cost savings can be achieved and how your organisation can potentially improve its bottom-line. We focus on everything from the basics such as home-grown vs. dedicated solutions, client installed software vs. Software as a Service (SaaS), through to the more complex areas of tax credits and automated client billing. In Part 1 we explore the benefits of dedicated solutions over paper based and excel systems.
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Hello to you all and a warm welcome to our Timesheet Implementation Guide, in this series we look at some of the common benefits you can achieve through automating your timesheet and expense capture, how significant cost savings can be achieved and how your organisation can potentially improve its bottom-line. We focus on everything from … Read more
