Founded in 1994, The Finance Project is a specialized non-profit research, technical
assistance, consulting and training firm based in Washington D.C. The company helps
public- and private-sector leaders make smart investment decisions, develop sound
financing strategies and build solid partnerships that benefit children, families
and communities. Established in 1994, The Finance Project offers a valuable intellectual
and technical resource to policy makers, program developers, fund providers and
community leaders, including federal, state and local officials, foundation executives,
academic researchers, service providers and advocates.
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Company
The Finance Project
Vertical Industries
Government, Finance, Consulting, Business, Management
Proven ROI
The Finance Project has been using Web TimeSheet since January 2006 and boasts time-saving
benefits.
- Managers no longer mail or fax timesheets, approvals and rejections saving hours
and dollars.
- Administrators create financial statements more efficiently and quickly.
- Administrators no longer have to issue individual e-mail reminders.
- Employees view their time off balances and accruals independently and no longer
tying up administrators' time on that task.
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Several employees at The Finance Project travel frequently. Until now, these employees
entered their time and expenses on paper, and then faxed or mailed this information
to the office. Administrators entered the data into spreadsheets and manually calculated
time off balances and accruals. It soon became apparent to The Finance Project team
that they needed a centralized and automated timesheet tracking solution.
Terry Holthause, Director of Finance and Administration at The Finance Project,
identified some time discrepancies and inaccuracies with their former system.
"We used to calculate leave balances manually in an Excel spreadsheet, which was
time consuming and error prone," said Holthause. "We [also] used to make our employees
redo their timesheets because they were always forgetting holidays."
Manually tracking timesheet and expenses resulted in drawn-out approval cycles,
inefficient production of financial statements, and the additional task of issuing
e-mail reminders.
Holthause explained that Replicon, Inc. was their vendor of choice because Web TimeSheet
comprised all of the significant features they needed.
"It is more convenient for our employees to enter their time online ... staff who
travel frequently are able to submit their timesheets and leave requests remotely,"
said Holthause. "When managers travel, they can approve them online."
According to Holthause, submitting and approving timesheets in one centralized system
"speeds up the entire process and enables the production of monthly financial statements
more quickly."
Since implementing Web TimeSheet, Holthause recognizes more time-saving benefits
for administrators: they "no longer have to issue e-mail reminders because the system
automatically does it" for them. Web TimeSheet also helps them efficiently administer
time off balances and accruals while enabling employees to view their balances independently
- no longer tying up administrators' time on this task.
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