One of the biggest expenses companies in any industry will have on an ongoing basis is the cost of actually employing their workers. On some level, this isn't something for which there's much wiggle room; businesses pay employees what they're worth. But there are still ways in which they can reduce their expenses simply by automating the process of collecting employees' time card data through ERP software.
Automating an employee time tracker can help businesses free up the man hours that typically come with oversight of manual timekeeping, according to a report from Maritime News. This can be a long process to which executives or other decision-makers have to devote several hours every month, making sure that everything is correct. And while that may be time well spent without an automated system – it's better to double-check so people aren't over- or underpaid – those are hours that could be put to better use.
Finding a better way
The reason this issue can be so costly is that if a handful of employees overestimate their time by five minutes per day, that might not seem like a lot individually, the report said. But added up over the course of a week, that's almost five hours of overestimated time, and over the course of a year, it's about four weeks' worth of a normal work schedule. In the end, that can save companies thousands of dollars all by itself and free up the man hours executives previously had to devote to making sure everything was on track. That's why a program that automates Dynamics NAV time collection can be so valuable.
Coming around to the idea
One company that recently made the switch to automated time keeping and other aspects of ERP says the move has already paid dividends, according to Computer Weekly. The Zahid Group, based in the Middle East and boasting thousands of employees, has already gone through the first stage of a multi-level integration process and reported few issues with the switch, even if some employees were resistant at first. That allows the firm to consistently monitor operations and identify any issues that crop up in real time.
"There are a lot of complex challenges, which can stem from the users, the suppliers or from the technology itself," Barig Siraj, the company's director of IT and ERP, told the site. "I seldom come to the office when everything is going as usual. And when it's calm, I actually start to wonder if I've missed something."
The sooner companies can implement ERP, the better off they're likely to be in terms of improving efficiency to save money. Whether it's Dynamics NAV time collection, improving inventory tracking, or something else, the investments made here can pay for themselves quickly and easily.
Learn more about the benefits of automated time collection by downloading the free white paper entitled "Justifying the Switch to Automated Time Collection" from Insight Works.