When used effectively business intelligence reporting tools can increase transparency and cut payroll costs for many organizations. For example, the ability to use the ATS TimeWork Time and Attendance foreasting and budgeting application leaves less room for error, and helps businesses predict an outcome based on solid metrics.
ATS business intelligence can be particularly beneficial for financial managers because it enables a company to view their labour cost on a minute by minute or hourly basis. Most organizations use manual processes and spreadsheets to input data into HR, payroll, ERP and other third-party applications. ATS TimeWork Time and Attendance lays out data in a way that helps business managers gain insights and make on-the-spot decisions. Today’s business executives understand that massive amounts of data are of no use if it not understood by the departments that it is intended for.
ATS business intelligence is an added value solution for CFO’s because of its ability to highlight overtime, benefit accruals, job costing, time-off requests and hours worked by employees. In addition, the advanced features of ATS TimeWork Time and Attendance software can detect fraudulent activity or irregularities more readily than the human eye.
Despite the many benefits, organizations have delayed implementing an employee time management solution because they believe it is expensive and requires a high level of skill to operate. Many of today’s companies know that in order to remain competitive, automating their business practices is paramount to their success. These same companies, remain focused on improving productivity and streamlining payroll costs, and understand the true value of a workforce management software business intelligence tool and its inherent benefits.
By using the business intelligence tool of ATS TimeWork Time and Attendance, business executives will be able to observe and interpret trends, such as overtime costs and sales that represents drivers of profits and costs. Understanding how and why certain things are happening can help companies increase profits.
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