Comprehensive Reports

Though time tracking systems provide data about time spent by employees on a common interface, you must be able to derive insights from the recorded data. Detailed and interactive reports help in interpreting information.

These reports should ideally include information about the following parameters:

• The reports should have a detailed mention about the total number of hours spent by employees on particular tasks and their idle time over the week/day.
• The time entered by employees should be categorized based on the task/project that was assigned. The system should project the individual contribution of every employee towards these tasks/projects.
• KPIs assigned to employees should be listed separately. The number of hours spent on these activities should be recorded. When key KPIs are available on a single screen, it becomes easy to track time/employee performance and obtain actionable insights.

Efficient Project Management

Efficient project management and time tracking applications complement each other. This is because projects can be delivered on time only when their progress is tracked and monitored closely. For example, a time tracking system allows you to assign tasks to individual employees. You can track the number of hours spent on particular tasks. This way, you can also monitor the progress of your projects and know where your project delivery stands. Also, if you find the project consuming a higher number of hours than predicted, you can interfere and course-correct processes. Further, it helps you to identify bottlenecks in your business processes that may result in the delay

Moreover, if you pay your employees on an hourly basis, tracking time is essential. It helps you find the accurate number of hours spent by employees on particular tasks, thereby helping you to streamline payment processes.

Powerful Integrations

Breaking through silos is important. The free flow of information, without any dependency on specific checkpoints, helps in seamless business processes.

It's the same when considering a time tracking system. Time tracking and payroll management are interdependent. Payroll processing takes place based on the data obtained from the time tracking system. The amount of effort put in by individual contributors is calculated through the time tracking system. They are paid either on an hourly or flat monthly rate through the payroll management system.

What if these two management systems are integrated?

Yes, if you are on the verge of signing the green line for a time tracking system, do not overlook this need for integration. The timesheet system should be able to integrate with your payroll system. This way you can simply export employee timesheet data from the time tracking system, import this data into your payroll management system, and your accounting is tackled in a breeze!

For example, Archarina’s Arc Time Tracking system can be integrated with Cougar Mountain’s Denali payroll. This capability saves time during payroll processing, improves transparency, and also helps tackle billing-related disputes in your organization.