TimeAccount Business View
 
In our opinion there are some reasons for a Time & Expense Tracking System. Among them are:

 
  • Increase of efficiency
 Increase our work utilization by avoiding unnecessary tasks. Never double entry time and expense information again. Enter your information independently of local installations.

 
  • Improvement of business processes
 Our email notifications streamline all processes needed to gather correct time and expense information. Timesheets are delivered directly to the user's mailbox

 
  • Return on investment
 Calculate how TimeTrack improves your bottom line.
   
Number of employees
Avg. hourly rate
TimeAccount Service
Please enter your estimate, how many time you will save by using TimeTrack.
Business Process Improvement mins/employee/month
Elimination of Double Data Entry mins/employee/month
Reduction of reporting mins/employee/month
 
  Monthly Cost Annual Cost
Est. Business Process Improvement 133.33 1,599.96

Est. Elimination of Double Data Entry

 133.33 1,599.96

Est. Reduction of Reporting cost

 133.33 1,599.96

Total Savings

 266.67 3,200.04
     
TimeTrack one-time cost
TimeTrack usage 0.00
     
  First Year ROI 3,200.04
     
 
Hints:
Estimated business process improvements:
In our opinion you will reduce the effort of gathering and approving time and expense related data by at least 1 hour per employee and month

Estimated effort saved by elimination of double data entry:
0.5 hours per employee and month. I.e. if you have 100 Employees you usually spent an effort of 50 hours per month to re-enter the data by payroll clerks

Estimated reduction of reporting cost:
0.5 hours per employee and month in savings from re-consolidation of data from several sources.

 

 

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