Every company wants to maintain its competitive edge by making sure its payroll costs is not too high while always looking for ways to increase its profits. Sometimes, that’s easier said than done. For example, a drastic cut to a company’s workforce or outsourcing of a department, might lead to decrease customer satisfaction and low employee morale. In other words, while it’s not impossible to achieve both objectives, it is sometimes easier on paper than in reality.
If your company is using a cloud-based business management software, the possibilities are endless. Today’s workforce is different from yesteryear and successful companies regardless of size or industry, know only too well, that in order to keep their position at the top they must find ways to improve productivity and streamline payroll costs. And, with the right cloud-based time and attendance solution, companies can do a whole lot more.
Here are 3 ways companies can remain nimble and increase productivity and profits:
24/7 365 Days A Year-Availability:
In today’s every increasing competitive business landscape, not having access to data whenever you need it, equals lost decreased productivity and profits. The right cloud computing application is available no matter where your finance, payroll and HR managers are. As long as their device is connected to the Internet, they can gain access to data in real-time, respond to employee vacation and other leave management requests.
Adhere to compliance needs:
Changes in compliance and other workforce regulations continues to shift and companies need to ensure they are using a software application that is update all the time and meet the complexity of these changes as they occur. In a world of Big Data, cloud computing, using an application like ATS TimeWork OnDemand you get immediate compliance updates that’s pushed out automatically to the entire organization- as soon as they’re available. In short, this simplifies the process of keeping your time and attendance solution up-to-date and it also ensures that all users has access to the most current information and tools to do their jobs effectively.
The Cloud Propels Productivity:
When IT resources are focused on maintaining and fixing old Servers with existing antiquated solutions, they are essentially always playing defense. By deploying ATS cloud-based time and attendance your IT resource can focus on spending their time on other important initiatives.
In closing, when compared to on-premise solutions, cloud computing applications like ATS TimeWork OnDemand will help to grow your business profitably, and will provide your compare with more reliable information all in -real-time, drive faster decision-making, and thus, enabling you to quickly meet changing market demands to stay ahead of all your competitors.
To learn about ATS TimeWork OnDemand, go to our website. You can also register for a bi-weekly webinar or download a demonstration.
