Automate Time & Expense to Reduce Revenue Leakage
Do you ever feel as though you are winning at spreadsheet gymnastics? These are the calisthenics you go through every month when you close the door, turn off your phone and roll up your sleeves to gather and consolidate vast amounts of time and expense data from multiple disconnected sources, and generate the time sensitive customer invoices that keep your business afloat.
Aside from being time consuming and tedious, it can be a contortionist’s game to synthesize all your project costs, ensure accurate approvals, generate reliable invoices and make sound decisions related to project time and cost information.
Without Tenrox Time & Expense Management, your organization lacks structure to help accelerate the following processes:
- You rely on out-dated or in-house time tracking and expense reporting software: Legacy-outdated time tracking and expense reporting systems have high maintenance costs, ongoing fix and enhancement tasks, and divert precious internal resources as well as attention away from the organization’s core business.
- You suffer from a lack of effective internal controls for timesheet management and expense reporting: Weak internal controls for time sheet and expense report tracking can lead to non-compliance with Sarbanes-Oxley, inaccurate cost accounting or violation of employment laws; your business may face severe penalties and lose investor confidence when such weaknesses are discovered.
In contrast to manual or legacy systems, Tenrox Project Workforce Management’s Time & Expense allows you to effectively collect, manage and track timesheets and expense reports based on your requirements. The Time & Expense Module includes the following three components: Leave Time, Review & Approval, Multi-Tax/Multi-Currency.
Highlights of Tenrox Time & Expense Automation
- Enter time and expense using the Tenrox mobile application for iPhone and Android or on your laptop using the Tenrox offline time and expense application
- Fully web based time and expense tracking solution takes maximum advantage of the Microsoft technology stack and can be deployed on-premise or on-demand
- Timesheet designer technology lets you configure timesheets, for every department, to look and function the way you do business
- Our visual workflow-driven configuration makes setup and change easy, so you can quickly simplify your approval workflows and automate policy enforcement.
- Easy to configure dashboards and extensive reports improve financial visibility and analysis.