Many organizations try to capture capital labor costs but constantly struggle due to inadequate time tracking systems which grossly under-report the hours employees spend working on capital projects.
In addition, differentiating between capital labor and non-capital labor hours can be a nightmare.
Replicon TimeCost simplifies tracking and reporting of capital labor hours with up-to-the-minute time and cost data for all your projects. With TimeCost you can classify projects, tasks and hours as capital or non-capital and apply unique, configurable business rules to stay compliant and pass any audit.
Use TimeCost to:
- Get a complete picture of capital labor expenses across all projects
- Assign only authorized people to the right projects
- Normalize data based on total work hours in a week
- Create validations to face even the most rigorous audits with confidence