![]() ![]() Some organizations assume that implementing time tracking apps will drive some of their staffers away because they feel micromanaged. For instance, you can integrate PayPal to simplify payments and keep customers happy. A bonus tip is to look for tools with payment integrations. If there's an issue, you have solid documentation to show them. In addition, they can see all the individual tasks and resources included in the price tag. They get their invoices rapidly instead of waiting to see how much they'll have to pay. Time billing software helps you maintain full transparency regarding billable hours, project tracking, and additional expenses. Boost Customer SatisfactionĬustomers are less likely to stick with your business if you continually make payment processing or invoicing mistakes. Time tracking software monitors employee tasks and work hours so that there's no human error involved. ![]() Not to mention correcting the payroll records and re-establishing trust with your staffers. These errors involve a lot of data clean-up after the fact to make things right, such as reprocessing paychecks or deducting the surplus amount from their next payment. For instance, one of your Accounts Payable employees accidentally adds an extra 0 or inputs the wrong hourly wage for an entire department. However, data entry or calculation mistakes dig into your bottom line. Avoid Human ErrorĮveryone makes mistakes. Or maybe one of your staffers worked on a task that wasn't tracked, such as revision meetings with the client, then you can email them the bill with all the supporting documents. ![]() For example, one phase of the project required more resources or curated content. The platform can automatically generate invoices based on the number of hours employees worked, but you also have the option to add expenses manually. Streamline Client BillingĪnother prime reason to implement time tracking systems in your organization is to streamline client billing and invoicing. Thus, your HR or Accounts Payable department has a lighter workload, at least in terms of weekly paychecks and billing. For example, tracking how many hours a staffer has worked this week and then displaying their total pay after deductions. Investing in time tracking and billing software helps to cut payroll costs because the tool does most of the background tasks for you. Then your payroll processing team must tally all the billable work hours and calculate paychecks based on the employee's salary. Employees need to clock in and out every day, provided that they don't forget. Reduce Payroll Expensesĭoing payroll the "traditional" way involves a lot of manual data entry and analysis. 7 Reasons To Invest In Time Billing Software 1. ![]() These platforms can help you improve ROI and boost employee accountability, and that's just for starters. So, how do you make a strong business case and get employee buy-in? In this article, I highlight 7 notable reasons to consider time tracking and invoicing software for your team, regardless of your industry, staff size, or spending limits. Many companies invest in time tracking and billing software to streamline business operations, but it's also a great way to improve customer relations and reduce payroll costs. Should You Invest In Time Tracking And Billing Software? ![]()
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