All employees or contractors enter hours worked on projects into system. System can then accumulate this data and can be used for reporting purposes.

What are the benefits?

• No more double entry of handwritten or Excel timesheets into another compendium spreadsheet
• Management can get information at any time during month, rather than waiting until entries are manually accumulated
• Validation rules can be put in place - e.g. only certain work types can be entered for particular jobs, only 10 hours can be entered per day
• Staff can be automatically reminded if they have not filled in timesheets on time
• Invoices can be generated in an automated manner
• Management can analyse production costs versus charge amounts on a project, team or individual level
• Management can forecast each month's profitability based on entries to date

Who would benefit from this?

• Professional services companies, and companies where fees are time based