Cost Management in Workforce Management
With cost management, you get an in-depth overview of the times when your employees worked. In this way, you will find out what personnel costs have been incurred in your company. This is essential for a successful workforce management.
Transparency for all stakeholders
When making bookings, your employees can link their work times directly to specific projects, orders, cost centers or individual attributes, such as machines used for an order. On this basis, you can prepare internal statistics, determine KPIs and optimize invoices. That increases the transparency for all stakeholders, improves the quality of data and reduces considerably the effort involved in subsequent differentiation of times.
Project time recording
Cost Management allows you to further differentiate the work times of employees, e.g., by projects or orders. The recorded times can be processed with different release and approval procedures. The expenses can be tracked transparently at any times, thus creating a sound basis for making decisions. Optionally, the times can be assigned to specific projects during time recording in order to reduce the effort involved in follow-up entries and thus increase the accuracy of the data. Self-service makes the recording of project times convenient thanks to its intuitive interface and has been optimized for mobile end devices.
Cost center recording
In addition to that, cost management offers the option to assign the times of employees to cost centers or cost types, ensuring that you can evaluate, e.g., order times, individual steps of the production process or processing and throughput times. This allows you to optimize your processes. And any employees who do not have access to Self-service can also enter the cost center while booking at a terminal.
