Startups and established businesses are persistently growing. They want to keep up with the demanding nature and competitiveness.
That being said, transformation of IT has played the role of a vital catalyst that drives change across all kinds of industries, including non-profit organizations.
IT and human resources are two of the most vital components that drive organizational success. In this regard, the importance of employee time at work is a core metric that only disciplined businesses gauge. Yes, time tracking software for businesses is more important today than ever.
The call for online time tracking is not narrowed down to the profit-based industries alone. Non-profit companies are conventionally more attentive about putting the latest administrative methods into operation. However, they are now keen on accepting modern software solutions that enable them to accurately track their employees’ time.
Here are some ways in which non-profit organizations can benefit from time tracking software:
Sponsors and funders generally want to be certain that their contributions will fund the right projects and reach the beneficiaries. So, with time tracking software, NGOs will be better able to track the workers’ time and hold them accountable for unproductive hours. Simultaneously, donors will be assured that the NGO values time and channelizes its efforts accordingly.
Moreover, time tracking programs simplify calculations pertinent to individualistic projects for non-profit companies. When they possess accurate time tracking software, they are able to generate cost reports daily, monthly and annually to illustrate contributions. This improves transparency and accountability.
Captures Time Passively To Improve Performance
Most time trackers make use of automatic timesheets that serve as helpful measure to assess performance of non-profit organization as a whole. The best time tracking software usually has a unique feature of providing all-inclusive reports. This allows managers to produce detailed reports regarding costs, performance and productivity etc. As a result, non-profit organizations are in a better position to systemize their business processes and maximize the use of limited donations.
The accounting standards for non-profit organizations are usually more rigid and inflexible.
Hence, the income and expenditure of such organizations should be managed and tracked likewise.
With automatic timesheets, non-profit firms can track the company’s time and expenditures. This, in turn, alleviates their requirements for conformity during the auditing process and otherwise.
With Chrometa’s time tracking software and app, you can capture and record time on the go. To experience passive time tracking and its benefits, get our free 30-day trial offer right away! For further queries, call us at +1 888 340 6425.