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Time sheet software drives profitability

One key benefit of implementing any time sheet software in a professional service orgnaisation is the potential to increase profitability.  How you increase profitability varies depending on the organisation, however multiple options exist from improving productivity, reducing project costs or more accurate revenue recognition.  In this article we examine the 3 main ways of improving profitability with Atlantic Global OnDemand.

Time sheet software improves productivity increasing profitability

Although it sounds like a simple analogy - get your employees to work on more productive tasks and your organisation will be more profitable.  For many organisations this simply isn't put into practice.  For many organisation they do not have the tool sets in place to understand profitability and when they implement Atlantic Global OnDemand they are quite shocked at just how much time is spent on administrative or non productive tasks.  The Atlantic Global OnDemand time sheet software is designed to focus management on improving productivity by providing employees with a simple method to update activities and tasks.  This information is fed back to executives in real time allowing them to improve the productivity of employees and projects through better informed decision making on topics such as training requirements, staff activity deployment, project go/hold/kill decisions and future resourcing requirements.

Reduce Project Costs with efficient time sheet software

For organisations running large volumes of projects a sure fire way to improve profitability is to ensure that you are carrying out profitable projects.  In order to understand whether a project is profitable it is essential to understand project progress and to gain an accurate upto date view of project cost and revenue.  Atlantic Globals time sheet software puts you in complete control of your project management process.  When recording time users can be requested to track time at a task level and update % complete.  This enables the project manager to carry out a thorough review of each project to understand progress to date, cost to date vs. planned and current profitability.  Project Managers can also predict future profitability by comparing the Actual % complete and effort against planned to analyse the extent of any overuns or time gains.  This information is essential for executives to understand the profitability of projects and to make the all important kill/go/hold decisions on your current project portfolio.

Use time sheet software to improve revenue recognition

With the Atlantic Global OnDemand time sheet software a unique intuitive user dashbaord ensures your employees are focused on timesheet compliance and your managers have real time information on missing or incomplete timesheets.  By improving compliance this leads to the more timely input of time, coupling this to Atlantic Globals permissions and restrictions framework which reduces time entry errors means your time sheet approval process is shortened, this leads to the more timely billing of time and improved revenue recognition.

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Explore Atlantic Global OnDemands extensive functionality

Please feel free to explore the additional functionality on offer as part of your low cost monthly subscription:

 Time Management Software

 Project Costing Software

 Time Billing

 Project Management Software

 Staff Scheduling Software