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Why Accurate and Reliable Time Reporting Is Crucial Today

Why Accurate and Reliable Time Reporting Is Crucial Today

Why Accurate and Reliable Time Reporting Is Crucial Today

Gone are the days when finance staff could take their sweet time in gathering data, analyzing, and preparing a financial report package for the company’s top executives. This was tolerable then as it really took time to come up with accurate figures; and everybody else, even the competition, was on the same slow pace.  But times have definitely changed.

With the fierce jockeying for market position in today’s very competitive business environment, the need to be competitive, strong and efficient has never been more important for an organization to survive and flourish. Decision makers today need quick and timely information to properly steer the business in the right direction, and properly allocate time and resources. Management needs to know exactly how the company’s operations are doing, and what the demands are.

The Problem

Business executives must base their decisions on accurate, comprehensive, and timely information, and not on intuition. However, this is easier said than done. There are factors that keep management from obtaining the data it needs for informed and sound decision-making. This includes incomplete data gathered, which is therefore unreliable. Also, if information is not provided in a timely manner, it is really useless to base business decisions on.

The Solution

Fortunately,  the ideal situation is one where both management and staff will spend less time collecting information and focus more on using the information to benefit the company.

With the advent of technology, time reporting tools have become available including comprehensive and accurate time reporting systems that are capable of covering all facets of the company’s operations.

To ensure productivity and efficiency, the time reporting system must be accurate and easy-to-use for both the staff and management team. This is what our chore focus has been all the time with TimeSheet Reporter.

TimeSheet Reporter makes it possible to report time via your Microsoft Outlook calendar, and it’s also possible to share data with other systems, such as ERP, CRM, and for example Microsoft Excel.

Accurate and reliable time reporting is more important now than ever, considering the economic landscape at the moment. This is why we’ve made TimeSheet Reporter an accurate and at the same time user-friendly solution that benefits both the company’s staff as well as bottom line.

 

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