The 8th (and not least) Benefit of Time and Attendance
For all the benefits associated with Time and Attendance system, integration to production costing may well be the most important of all for manufacturers.
In their white paper entitled “Automate time and attendance: Seven reasons it makes good sense,” Sage illustrates the main reasons why time and attendance automation makes good business sense for most organizations. Without repeating the text, Sage explains these automation benefits, which include timely capture of data, more accurate timekeeping, increased efficiency, direct and indirect cost savings, as well as reduced number of errors and the time required to complete the payroll process.
In the integration benefits section, the author goes on to state: “Workforce management integration adds efficiency by easily and securely sharing data from one part of the organization to other parts without manual reentry of data and the associated errors that can result.” These benefits apply to organizations regardless of industry.
For manufacturing organizations, which form a large part of the INDUSTRIOS community, there is an 8th benefit implied from this statement: that labor information can be shared with job costing, provided that your Time and Attendance system allows this integration. This also provides enhanced informed decision-making and projected future labor costs.
With the integrated functionality of a system such as the INDUSTRIOS ERP Time Card Management, INDUSTRIOS customers streamline and optimize the time and attendance process, as outlined in the white paper. You can manage everything from time cards, vacation time calculations, and more in one place. And it doesn’t end there.
Here are just a few ways INDUSTRIOS’ Time Card Management solution can help improve your business.
1. Payroll and Labour Hour Entry. With INDUSTRIOS, payroll data is entered once, streamlined into one module, and is immediately accessible in real-time. And with less time needed to correct mistakes, employees have more for other work. See how Tech-Con Automation Inc. does this.
2. Labor Hours in Real-time. We could discuss accurate costing, automation and more, but we’ll leave this one to Scott Lovell, Operations Manager, SmithCo Mfg. Inc. Learn how SmithCo Mfg. Inc. puts INDUSTRIOS to work.
“Collecting time and attendance in INDUSTRIOS allows me to view labor hours on each job in ‘real time.’ I am able to see the number of hours on each job for each process we perform as they occur. It has streamlined our costing of jobs tremendously.”
3. Shop Floor Tracking. If production staff record time and materials against production orders, you too can build an accurate costing framework with the INDUSTRIOS Shop Floor Tracking module. And determine a strategic pricing approach. Just like Frank J. Zamboni & Company Inc.
4. Integrated and Efficient. With the ability to integrate and automate with payroll systems, you can save time while ensuring data accuracy and raising employee productivity. And control costs. Jamco America, Inc. can, and your business can, too.
For all the benefits associated with Time and Attendance system, integration to production costing may well be the most important of all for manufacturers.
