Why Investing in Digital Time Management Tools Will Always Pay Off

The topic covered in this article opens a discussion on whether digital time management tools are worth an investment. It will also focus on Timesheet Portal as a solution that offers great ROI for a competitive price.

It is now clear that businesses don’t stand a competitive chance in the market unless they embrace digital transformation. However, this raises new questions. With every step of every process carrying an array of automation options, which ones should your organisation focus on? Often, decision-makers will cast their glance at the most glaring problem areas, such as transactions, communications and reporting. Thus, things like time management fall through the cracks despite being equally important.  

The problem lies within the fact that traditional time tracking methods have historically proven to be efficient. However, modern demands deem them insufficient, something most companies struggle to accept and thus are hesitant to invest in digitising. Which leads to poor time management and some horrendous consequences. 

What are the Consequences of Poor Time Management?

With time management being a simple concept, the consequences of its mishandling are often downplayed. To avoid that, let’s define some major threats it brings. 

• Missed deadlines and overall delays in projects;

• Issues with suppliers, ranging from not receiving required materials on time to being unable to pay on time;

• Bad resource allocation, which leads to being understaffed, overstaffed or having people handling tasks that don’t align with their skills;

• Damaged or ruined relationships with clients, employees, partners and/or suppliers;

• The need to cut corners, therefore exposing yourself to quality issues and risks of errors;

• Compromised employee well-being, leading to demotivation, indifference and lower retention rates;

• Stagnated or negatively impacted cash flow;

• Maintenance and regression instead of progressive business development

In other words, time mismanagement leads to serious consequences that are difficult to revert. No matter how well your business is performing, they pose serious setbacks. 

Addressing Common Concerns of Digital Time Management Tools

Despite understanding the threats, some businesses are still on the fence when it comes to employing digital time management tools. So, let’s discuss the common arguments against digitisation. 

Cost vs. Value

With time management being one of the core processes to ensure business profitability, it’s an ongoing debate whether it’s worth investing in. On one side, it’s a skill set required to run several processes rather than the process itself. Which means the digitisation is somewhat redundant. On the other, the said processes, just like any operation, will benefit greatly from minimising the requirement of human input. When it comes to time tracking specifically, many argue that the traditional methods, which are entirely free, have a proven record of working. Thus, paying for digital solutions is a waste of a budget. However, today’s high demands for speed, quality, and volume might cost more than a digital tool. 

Simply put, the free methods rely on manual data input, which has always been susceptible to human error. Today, there is no room for mistakes when the stakes are higher and the competition fiercer. Digital solutions significantly reduce the risk and, in the long run, save you all the revenue you’d lose otherwise. They also drive efficiency by minimising physical labour and supply you with valuable in-depth insights to optimise your procedures further. In other words, they offer a huge ROI on their monthly subscription costs. 

Ease of Use

Often, the common roadblock to digitisation is the team’s unwillingness to adapt. New solutions are seen as a disruption to day-to-day processes, creating resilience when it comes to their inclusion and learning how to use the system. That’s why it’s essential to opt for a tool that’s easy to use and seamlessly blends into your existing operations, enhancing them in the process. 

Simply put, the right solution isn’t disruptive to you and your team’s workflows. On the contrary, it’s meant to elevate them by barely being there. It may sound challenging to find a digital time management tool that does that, but most vendors put great emphasis on creating easily stackable and intuitive solutions. Time tracking is renowned for being a tool that quickly becomes essential in the day. Some platforms go as far as put automated reminders to ensure there’s as little thinking as possible involved when using the solution.

Introduction to Timesheet Portal

Timesheet Portal is a digital tool that specialises in time management and billing. Despite its name, the platform offers a lot more than digital timesheets. From onboarding to client invoicing, let us introduce you to what makes Timesheet Portal a worthy investment. 

Streamlined Operations

At Timesheet Portal, we don’t like beating around the bush, and we don’t let our clients do that either. One of the key purposes of the platform is to minimise administrative tasks by automating them, in turn minimising the risks and streamlining operations across the entire business. Timesheet Portal has various modules, enabling you to address multiple areas simultaneously and unlock actionable insights as you go. From invoicing to holiday management, there are limitless options.

Being heavily focused on customisation, the platform serves organisations of any size and within any industry. No setup is the same, as Timesheet Portal is created to be shaped by you, making it capable of enhancing and streamlining any operations you already have. Alternatively, it can significantly assist in optimising existing processes and creating new ones, especially when working in tandem with other tools your company has. This leads us straight to the next section. 

Integration with Other Tools

Although a powerful tool on its own, Timesheet Portal is created to be part of the bigger picture. The key selling point of SaaS solutions is that they are stackable and work together; thus, we’ve put a great emphasis on providing a list of seamless integrations available. From accounting packages to CRMs, Timesheet Portal integrates with various tools. Additionally, we provide custom APIs when the integrations are unavailable; you only need to ask. Linking your tools is also straightforward, only taking a few clicks. 

Not only do integrations minimise the need for manual data transfers, but they also unlock new automation opportunities and bring in data you’d otherwise have no access to. A digital toolbox will always be more powerful than standalone tools as, instead of being siloed, you will have your metrics comparable in various contexts, enabling you to utilise them for different purposes. In other words, the optimisation and growth opportunities are infinite. 

Getting Started with Timesheet Portal

Committing to a new software may be daunting, especially when unsure where to start. Our goal is to ensure our clients begin seeing the benefits of Timesheet Portal as soon as possible, so we work with you.

Implementation for You

At Timesheet Portal, we understand that each company has a different set of goals and procedures, technical requirements, and team expertise. Since our platform’s key selling point is its customisation, hence a wide array of modules, we understand it can be a little tricky to work out the best-optimised setup for you. But don’t worry—our specialists are dedicated to working it out for you and with you.

We usually gather a clear understanding of what hurdles you’re trying to overcome, what your current digitisation background is, and what you’re already trying to achieve during the sales process. Once we’re done with the paperwork, we allocate you an implementation specialist who will work with you to ensure the system is set up uniquely to address all these points. First of all, if you’ve had a free trial prior, your account will remain intact, with all the existing customisation and data collected. We will help you build on top of that to enhance the setup, train you on additional features, and ensure Timesheet Portal enables you to reach your goals. 

Summary

Although digital time management tools are not always seen as a priority software investment, a closer look into their cost versus value ratio suggests it’s a mistake. Most solutions are budget-friendly and save companies a lot of money in the long run. What’s more, the tools are often designed to be easy to use and blend seamlessly into your company’s day-to-day tasks and enhance your team’s workflows instead of disrupting them. The variety of solutions on the market ensures there is something out there for everybody. 

Timesheet Portal is one of the industry’s leading tools. It streamlines operations and services businesses across various sectors, ranging from invoicing to holiday management. The pricing depends on the modules used, making it accessible to companies of all sizes. The platform integrates with the most popular accounting software and many other tools. Although the extensive customisation options may appear overwhelming, it’s nothing to worry about - our implementation specialists will set the tool up for you and bring you closer to your goals.

Ready to give it a shot? Don’t hesitate, get in touch.