A couple of decades ago timesheets and Excel spreadsheets were the in-thing, relied on by people across the world to carry out their tasks. When you look at it, that was in essence very close to paperwork. Spreadsheets are still in use and are quite useful, but there are newer products in the market designed for more efficiency, and customized to your unique needs.
A Glance At The Past
Remember how the expense-refund system used to work? The professional submits the expenses incurred while on the field in order to get refunded. This applied across a wide range of personnel- from technicians and contractors to sales representatives. There were various costs such as transportation and accommodation (including fare, fueling, plane tickets, etc.), communication (broadband and cellular charges), and even representation allowances when employees treated clients to dinner. Records had to be accepted before these expenses were paid back.
The Expense-Tracking Mindset
How do you monitor expenses? At the most basic level, businesses rely on the spoken word. But this costs lack receipts to back them up. In addition, such practices throw accounting procedures to the wind. For accuracy, details are required and they are guided by different criteria. Documents such as receipts and invoices are necessary. This is usually where a time and expense time tracking system can be most useful. That’s where 4Cliqs comes in.
Embracing Automation In Expense Tracking
To avoid costly errors and to save a lot of time, many companies worldwide have adopted the fully automated time and expense management systems to track manpower efficiency and handle accounting tasks. Time and expense tracking software is considered by its millions of users as one of the greatest inventions for tracking expenses, whether for personal or business use. The software allows its users to monitor all of their expenses, produce detailed invoices, and free them from annoying and time-consuming paperwork, allowing them to instead focus on their main business.
A New Tide Taking Over Expense Tracking
Numerous companies around the world have adopted fully automated time and expense management systems. These enable them to avoid costly errors, keep track of their employees, and efficiently handle their accounting tasks. The advent of time and expense tracking software has led to a technological revolution in industries across the scope. Dependency on personnel that is prone to human error and miscalculate is being cut down. Systems such as 4Cliqs are being relied on to provide accurate, faster and cheaper processes.
How Time Tracking Benefits You
Time tracking systems are like expense trackers. The difference is that the former focuses on your employees and how they spend their time. These systems are relied upon by both large and small businesses. The time an expense tracking systems like 4Cliqs make your billing, payroll creation, invoicing and report generation processes simpler and more efficient.
The 4Cliqs time tracking software benefits both freelancers and employers. You can conveniently and easily track how much time and resources you’re spending on a client’s project so that you can send them an accurate and detailed bill. This is very helpful for those pay-per-hour jobs.
Embrace technology to stay ahead of the game
Adapt to survive and thrive. Competition in today’s business world is stiff. If you want to stay afloat and make profits, you’ll need to invest in fully automated time and expense time tracking systems. They will streamline your company’s operations, which will increase your employees’ productivity, enhance accountability, and widen your profit margins. Time and money are assets. Managing them smartly will showcase your managerial skills, and boost your business. Make the switch today.