Business communication — who do you think of first when you hear that phrase?
For most of us, it’s employees. We know effective communication with our workforce is key to the success of our business. That’s why so many forward-looking companies have already implemented attendance software for their employees using Time Tracker.
But did you know that time tracking software can help with other types of business communication as well? From contract workers to customers, here are 6 stakeholders who benefit when your business uses automated time tracking.
Efficient business communication is crucial for contract workers. Whether they’re coming on board to help during a busy period or working for your company part-time, they need flexibility and transparency when it comes to tracking their time. You need to be able to see when and how they’re working in order to ensure they’re helping you meet your goals.
Time Tracker makes it easy for contract workers to track their real-time work hours and submit them to payroll. With any mobile device and an internet connection, they can clock in and out, view their work schedules and ensure they’re being paid in a timely manner. That peace of mind fosters productivity.
Accurate cost estimates are crucial to any business from construction companies to law firms. When you implement time tracking software, you can apply your knowledge from past jobs to calculate realistic hours, place a cost on each supply and calculate your overhead. Once you know the hard-and-fast numbers, you can communicate those to your suppliers with confidence, which will help simplify your business communication overall.
In addition to accurate estimates, you can also use Time Tracker to give suppliers access to the client portal so they can review and pay invoices. Businesses who’ve used the system to manage suppliers and payments have good things to say:
“This is very useful for a design team like mine where I can track the timing of staff, process the information, make various important decisions and payments including staff and clients/suppliers. Super systematic.” — JYOTI D, Architect
If you run a B2C business, the benefits of time tracking for customers are implicit: The more accurately you calculate your costs, the better you can set competitive prices while still turning a profit. That’s a win-win, for you and your customers.
When you’re managing business communication for clients, numbers matter — especially if disagreements arise. By using a time tracking system, you remove the guesswork surrounding hours, bills and projects.
With Time Tracker:
- Clients can login to view completed work, outstanding invoices and pay bills online.
- Clients get project quotes faster because you know how long similar projects have taken in the past.
- Reports allow you to quickly see which clients are making or costing you money, removing a lot of the guesswork when it comes to business communication.
Board members & investors
If your company is overseen by a board of directors, the reports provided by Time Tracker will improve business communication and transparency instantly. You can automate reports to go to specific stakeholders, or you can pull them only when needed to give your stakeholders the data they need to make personnel decisions, allocate funds and approve changes to your business plan. Having the numbers at your fingertips means you can get decisions made and get back to business faster.
For many companies, business communication includes working with media and PR professionals. When requests for information come in regarding a certain project or employee, you need data so you can give accurate answers quickly and confidently.
If you use Time Tracker, you’ll be able to get as granular as you need or want to for a reporter, and you’ll be able to provide your own PR team with great metrics to use in reputation management, white papers or on social media.
Try Time Tracker
Ready to see how you can improve business communication for every stakeholder? Start your free,14-day trial today.