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The Benefits Of Embracing Technology For Finance Executives

April 10th, 2014 | Posted by Apex Time Solutions in Employee Self Service | Employee Time Clock | Payroll | Time and Attendance Software | Workforce Management Software

In a recent study by CFO magazine, titled “Supporting Growth with New Technologies” it surveyed the responses of financial executives in the USA and United Kingdom and the response in support of technology was overwhelming.  It’s not uncommon to hear of companies using antiquated systems and while they know, that if they were to upgrade, it would help their business process-they remain reluctant to do so.

Sometimes companies are forced to change their current system, because it stopped working all of a sudden. This might cause panic to the finance executive who need a report that highlights labour costs.

Another of most recent articles titled “Machine Dreams” makes a direct reference to survey and states in part that; “During the recession, IT was primarily seen as a source of efficiency and cost reduction. But as the economy revives, companies are evaluating how emerging technologies, from Big Data analytics to cloud computing to mobile platforms, can support growth initiatives.”

It also pointed out that “An overwhelming portion of respondents, 77%, agreed that over the next year, their companies will need to make much better use of mobile technology. Senior finance executives also know what they’d like the technology to help them achieve — namely, improved access to and use of financial and business data. A plurality of respondents (37%) said that mobile technology can provide users with better data-query and data-retrieval capabilities than their current systems do.”

ATS TimeWork On-Demand tracks attendance with employee time clocks, reduces manual errors and provides financial executives with reports in real-time. Delivered in the cloud, ATS TimeWork On-Demand is a unified workforce management solution that includes a full range of payroll and time tracking capabilities with real-time business insights, and fully auditable process management.

With ATS TimeWork On-Demand, you can:

  • Improve workforce productivity by reducing manual and timely administrative tasks.
  • Minimize business compliance risk by enforcing and tracking complex work and pay-rules compliance including; collective bargaining and government regulations
  • Control payroll costs with across-the-board work polices and pay rules

So why go with ATS? Because our solutions are completely automated, easy to own and deliver the high-quality information you need to make better decisions. 

ATS TimeWork On-Demand offers intuitive, employee and manager self-service features to help you effectively schedule, and pay your workforce. You can find out more through our resource library or download a demonstration from our website.

The Benefits of Embracing Technology for Financial Executives

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