Organizations face many challenges, including; retaining a competitive edge, managing employees and keeping them productive and motivated, keeping cost low and increasing customer satisfaction. And, with all this to manage, you are likely not thinking about the negative impact your current time and attendance is having on your business. Here are five ways, your time and attendance system may be having a negative impact on your business:
Your company is losing money
If your current time and attendance is paper-based, there is no doubt you are wasting money by having someone manually calculate employee time, vacations, statutory holidays and host of other things that could easily automated. If you are using some off the shelf or outdated time and attendance solution, you will, at some point, have to pay for new versions, annual maintenance and software bug fixes. Wouldn’t it be nice, if you could have a solution that did not include these ongoing costs?
You believe that the current version you have works. In other words, “If it ain’t broke, don’t fix it”. Sometimes, these words tend to be the last ones uttered before the system breaks down, or you come to the realization, that your system is not keeping pace with your business.
Lack of Integration
Let’s say you have a mid-size company with 500 employees, wouldn’t it be awesome to have a time and attendance solution that’s intuitive, and can integrate to your; financials and job costing, payroll, human resources information system (HRIS), enterprise resource planning (ERP), and customer relationship management (CRM)? Moreover, your company cannot take advantage of real-time analytic reporting if you are using an outdated time and attendance solution. A 21st century cloud-based time and attendance solution connects to mobile devices and is available from anywhere, at anytime propels your business further and provides greater efficiency.
Upgrading will be a piece of cake or, so you think
Upgrading can sometimes cost the same as what you spent a few short years ago on a new time and attendance system. Also upgrading to a new solution will likely require stakeholders to ensure the business requirements are met. After all, your business requirements have likely changed from a few years ago when you first implemented the solution. In short order, that quick upgrade you were going to get, might end up lasting longer than you had planned for.
If your current system is customized, it can create problems with upgrading or its ability adhere to bug fixes – more often than not, this can lead organizations to defer upgrades, sometimes indefinitely. Who wants to be stuck with a time and attendance system that is so heavily customized that it prevents a company from taking advantage of newer versions? With an ATS cloud-based time and attendance upgrades are built-in and takes place without interruption to your company’s business operations.
Deploying a best-in-class time and attendance solution based on today’s technology, enables businesses in various industries, to adhere to multi-jurisdictional and legal compliance differences at the local, provincial, federal and state level. ATS TimeWork OnDemand provides real-time visibility, streamlines payroll costs, increase workforce productivity and gives you access to multiple levels of consolidated reporting and enterprise-wide Key Performance Indicators (KPIs), all displayed in real time, on dashboards.