WorkPoint is a logical and user-friendly solution that also offers great functionality. Unsurprisingly, however, there are several features, which create additional questions and contradict the previous experience of the user.
There are three really confusing features.
One of the most important factors for the users of the time tracking system is the convenience of operation. It offers an easy and comfortable solution and garners the loyalty of its users, saving a lot of time.
WorkPoint mobile applications allow filling out the required timesheets «on the go,» getting immediate approvals without delays and wasting a lot of precious time.
The project program is a new feature in WorkPoint.
This is used to unite various projects, providing overall indices and a common system for project management. The projects may be unified using various features or indicators: subject, budget, or general contractor contract. Furthermore, by using project programs, the users are able to divide huge projects into small subprojects.
Version 2.8 of the system is focused on the various methods of time input and the development of the timesheet functionality.
There are a great many users of WorkPoint who require detailed working time tracking. Starting now, their work with the system will become much easier.
Such professional business services as due diligence, consulting, and legal service are able to use WorkPoint in order to automate routine operations. Such operations include working time tracking, project management, and tracking provided services with invoicing.
As a result, the main goal of the system is to earn more money. But how can it reach that goal?
While working with customers and implementing various projects, we pay a lot of attention to profitability, because none of us wants to work while losing money.
If we try to represent the profitability formula in the simplest way, it will look as follows: PROFIT = REVENUES OF THE PROJECT — (PRIME COST + EXPENSES).
The prime cost of the any professional business includes expenses for personnel, including direct taxes. Sometimes, it also includes a «specific fee» that is used to account for indirect costs such as the prime cost (management, marketing, sales, etc.). However, it still will be the prime cost of a man hour. We can get the information of the prime cost using information about labor contribution, i.e., through timesheets.