Every employee in your organization is affected by how time and attendance data is collected; yet for many businesses, time collection – time capture, job costing, and employee attendance – is still a manual process. With multiple vendors offering automated time collection solutions, are the benefits of an automated system large enough to justify the financial outlay associated with updating to a more modern system?
The common perception is that time collection only affects how employee attendance is recorded and processed.
While this is a major component, time collection encompasses much more than that. Salespeople need accurate job progress data to quote deliverable dates, planners require detailed and available information to measure the effectiveness of production, and jobs have to be properly costed in order evaluate margins and pricing. Traditional manual collection is the status quo for many organizations, but the inefficiencies of a manual system become apparent when compared to modern automated systems. Aside from time wasted on data entry and processing (let alone the errors this involves), manual systems make important information hard to find or in many cases impossible to calculate accurately. This leaves analysts and decision makers in the dark, often waiting too long for information that should be readily available.
The question is: With multiple vendors offering automated time collection solutions, are the benefits of an automated system large enough to justify the financial outlay associated with updating to a more modern system?