“I wonder how efficiently my employees are using their time?” “How can we improve productivity on this project?” “Are we hitting our budget?”
These are common friction points that come along with any project. As a small business, you can’t afford waste; it eats away at your bottom-line.
Inefficiencies in your operations could be costing you thousands. Toggl went to over 1,000 businesses last year to see how much businesses could save by utilising time tracking and found, on average, these companies were able to save €12,441 per team per year.
Manual time tracking can sound like an administrative headache. It’s complicated. It’s different. It’s time-consuming.
Time tracking software can streamline this process. Many small businesses in Ireland are utilising the power that’s inside these systems.
Stop guessing how much time you and your employees spend on a project, tasks, etc. Accurate time tracking software can give you exact results so you know where and how your business has been spending one of its most precious assets: time.
We recommend Mitrefinch, time and attendance software, as it empowers your team to access the system from anywhere and quickly enter time across any device (smartphone, tablet, laptop, PC). You will be able to see analytical reports in real-time of tasks, projects, and accounts allowing you to make well calculated, on-the-spot decisions to improve your company’s efficiency and productivity. Over 1500 customers in Ireland have implemented such a system with great results.
Still need more convincing?
Value Provided by a Time Tracking Software
Companies in Ireland are finding major needs for time tracking software that solves issues around their workplace. Here are a few of their reasons:
- Know exactly how employees are spending their time
Time tracking reports enable your team to see just how efficient you are all being with your time. Employees will have access to see their productivity and how their time spent can be adjusted to add more value to the company.
- Allocate hours to specific jobs, tasks, projects, or clients
Say goodbye to miscommunication. From anywhere, on any device, you will be able to distribute work for what needs to be done. Employees will have a queue of all of their work that needs to be done so they are never stuck wondering what they should be doing.
- Keeps track of expenses in real-time
Don’t go over your budget ever again. Business expenses will be automatically archived throughout the duration of a project. Be able to see in real-time what you’re spending money on and where you can save.
- Past and present data allows you to more accurately forecast budgets
Reports will show you exactly the amount of time and money you spent (and are spending) on projects. This data can be compiled for future reference so you know exactly the amount of resources you’ll need for your next job.
- Track the status of multiple projects with ease
It’s hard to keep up-to-date with every project that moves through your company. With several projects and several teams all working at once, it becomes difficult to keep track. This is why a time tracking system, can be so beneficial. Simply login to the portal and quickly see the status of all work being done.
- Efficiently balances workforce supply and demand
See how much work each one of your employees’ is taking on in order to better assign tasks. You’ll be able to see the amount of work each one of your team member’s is taking on to efficiently balance the team’s workload.
- Forecast workloads using the past and present data
By seeing analytics on the workload taken on by each team member, you will be able to more accurately predict how much work is needed for future projects.
- Be able to show client exactly what you billed them for
Transparency and honesty are some of the best ways to create long-term relationships. Imagine being able to show your client precisely what you are billing them for. This avoids any kind of miscommunication and shows your company’s attention to detail.
- Review team performance
At the end of each project you’ll easily see just how effective and efficient your team performed. Customers in Ireland already know that time tracking software gives valuable insights to improve their business’s operations.
Just Having Any Time Tracking Software Is Not Enough
After deciding that your business needs and understands what time tracking software is, you must decide on the right system. It must fit your business’s specific needs and tastes. Make sure you and your team strategically find what exactly you want from a time tracking software.
Here are a few basic components you’ll want:
- Time tracking (obviously)
- Analytical reports
- Integration to your other systems
- Project, task, job management
- Help and support
Is a Time Tracking Software Right for Your Small Business?
Look, if you’re juggling multiple projects and trying to manually track time, it’s just too easy to make mistakes causing broken client relationships or lost money.
Simplify your small business’s operations with time tracking software, it’ll make your life and business operations a whole lot easier and efficient. Just ask some of the small businesses in Ireland.
No matter how small your business is, you’ll be able to benefit from this kind of software. It may seem like a daunting task to implement, but if integrated correctly, you’ll see a boost in productivity (and ultimately profits).
It’s time to take your small business to the next level.