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Time and Expense System

.doc  HRMS Time & Expense System.doc (Size: 34 KB / Downloads: 20)

Project Type: Application Project
Project Title: HRMS (Time and Expense System)
Introduction:
“Time & Expense System” is a web based system which employees can use to fill time & expenses anywhere and at any time. This system can track the Time and Expenses spent by your employees on different tasks, initiatives and projects. You can analyze the Time and Expense data in multiple ways with its robust reporting. You can also build cost centers, locations, projects, different type of efforts within projects and more for intensive reporting at a later time.

Current System:
The current system was not automated and the time and expense calculation were done manually, so that it increases the paper work and record maintenance is tedious.


Details of proposed system:
The proposed system brings you with what initiatives and efforts your employees are spending their time on and with which clients they are interacting. The system can help you effectively manage risks and budgets of the projects. You also have the option of weekly or daily Timesheet views with inbuilt approval system. Customized reports can be built depending upon time & expense reporting needs.


• Time & Expense is fully web based, and accessible from any place in the world using only an internet browser.
• Time can be entered with comments. View of timesheets can be switched between daily & weekly views.
• Users can set templates which can be used each week to fill timesheets.
• In-built approval system for time and expense. Projects & initiatives can be set for daily or weekly approvals. Managers can approve or disapprove time & expenses in the system. Also, comments can be written while approving/disapproving to communicate clearly and effectively with team members.
• Multiple managers can be set for approval of timesheets and expenses with 1st and 2nd level of approvals.
• Previous week timesheets and expenses can be copied with just one button click.
• Quick access to timesheets for the whole fiscal year.
• Option to freeze time and expense for quarters.
• In-built administration module to control and customize the default values for the application.
• User management section in administration module for quick & easy management of users.
• Robust reporting functionality. Customize reports can be easily built on its strong relational database.
• Track employee utilization, and time & expense spent on various projects & initiatives
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