BENEFITS OF TIME TRACKING

ACCURATE PRICING & ESTIMATES

ACCURATE BILLING & INVOICING

Use time tracked on previous tasks to make more accurate estimates or even adjust base prices for services

A study calculated $50,000 in revenue per person is lost each year from inadequate tracking of communication with clients

Easily and accurately bill clients for all work completed

Provide accounting all hours worked on a job, avoiding errors or follow-up invoices

EXAMPLE: Technician agrees to fix an outlet in the basement, even though they are there for a kitchen rewire. The technician never tracks his time for the additional task, and it is never billed.

How much money does this lose?If this happens once a week with 15 technicians giving away one hour of free work per week at

IMPROVE PRODUCTIVITY

FASTER, SMARTER PAYROLL

* 360e does not provide payroll services or process information in a way that is payroll ready

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BENEFITS OF EMPLOYEE TIME

TRACKING SOFTWARE

HOURS

$100/HR x 52 WEEKS PER YEAR = $78,000Employees tend to underestimate their time spent on a task or project,

undercutting the appropriate value of their work

Handle client questions or disputes over time with ease with detailed records

JANUARY30% PROFIT LOSS when reporting worked hours at the end of the month

15% PROFIT LOSS when reporting worked hours at the end of the week

? $$

How much the U.S. economy loses each day in productivity due to inefficiencies like inaccurate time reporting

$7.4 BILLION

How much U.S. companies lose each year in productivity due to fraudulent time and attendance costs

$400 BILLION

Analyze tracked time to see where time is wasted and cut down on procrastination

Tracking time can also help to improve poor time management and create good work habits

IMPROVE PROJECT MANAGEMENT

IMPACT OF TIME TRACKING

Automated time tracking systems can speed up the process

Time spent on payroll can be reduced by up to 50% simply by eliminating the hassles of manual time tracking

Cut errors and wasteful costs

34.2% of payroll expenses can be accounted for by direct or indirect costs of absences

Payroll was completed 70% faster one clinical laboratory saw by switching from punching paper cards to an automated system

Errors due to manual processing of time and attendance can account for 1% - 7% of total payroll costs

50%Reduced 34.2%$

Keep employees and projects on task, on schedule, and on budget

The top requested web-based project management software function is time tracking, requested by

60% of small business leaders

Time tracking allows you to better assess your progress in real time

TIME TRACKING

MANAGE FREELANCE, CONTRACT,& REMOTE EMPLOYEES

Time tracking software can help businesses better manage remote employees by not only tracking time but monitoring their activity level, capturing screenshots, and improving their accountability

The number of employees not working together in the same office is increasing

in work at home among the non-self-employed in the past 10 years

employees work from home at least half the time

in telecommuting employees in computer engineering and science

WORKING IN THE FIELD

Many employees working remotely are actually mobile or working in the field

The number of employees not working together in the same office is increasing

Time tracking while out on a job provides:• Accurate value for labor• Adds accountability similar to other remote employees• Better time management for scheduling calls or projects• Account for varied uses of time like communication, training, retrieving permits, transportation of materials, or travel between work sites • Real time progress tracking instead of retroactive progress tracking

75% of companies switching to an automated time tracking and attendance gained 250% ROI within 5 months according to the American Payroll Association

360e FIELD MANAGEMENT SOFTWARE

360e OFFERS A POWERFUL, FLEXIBLE TIME TRACKING SOLUTION THAT PROVIDES:

Real time tracking and playback between office and field, which facilitates proactive management instead of reactive management

Connectivity between office and field for the tracking of labor, materials, communication, docs, files and job requirements (i.e. permits, code upgrades, etc.)

Automate jobsite mapping and routing

Quickly and accurately send customized invoices

LEARN MORE ABOUT HOW 360E FIELD MANAGEMENT SOFTWARE CAN LIGHT UP YOUR BUSINESS! MY360E.COM

Infographic designed by Mad Fish Digital Copyright © 2016 360 Enterprises, LLC.

Sources: everhour.com, globalworkplaceanalytics.com, hbr.org, my360e.com, nucleusresearch.com, on-timeweb.com, paymoapp.com, saimgs.com, softwareadvice.com, techrepublic.com, waspbarcode.com, workforcemanagementchannel.com

103%increase

There’s been a

3.7 million

Between 2000 and 2010, there was a

71% increase

RETURN ON INVESTMENTJANUARY {

250% RETURN ON INVESTMENT

FEBRUARY

MARCH

APRIL

MAY

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