September 27, 2022
ConstrucTech, in a 2018 study, reported that approximately 40% of construction companies still use paper-based time and attendance systems.
Some businesses can’t let go of outdated practices, even with modern alternatives available. According to FinancesOnline:
Researchers at the University of Utah revealed a 40% error margin using “paper time and attendance” methods in the construction industry.
Furthermore, inaccurate paper time cards exacerbate problems when tracking expenses and revenue; this affects timely payments.
Additionally, reading handwritten time cards can create hours of extra work for accountants; this leads to more mistakes, both in the field and in the main office.
Lastly, if the government requires a company to use Certified Payroll, submitting weekly payroll documents that adhere to federal standards cultivates errors and adds stress.
Time fraud costs money. From the FinancesOnline report '72 Critical Time Tracking Statistics: 2021 Market Share Analysis & Data':
Mobile solutions—such as a cloud-based time tracking application—can alleviate these issues. hh2 Remote Payroll enables your employees and supervisors to log time anywhere, anytime, and on any device.
Additionally, if your company bids on public works or government-funded projects, hh2 RemotePayroll complies with Certified Payroll stipulations.
Even better, hh2 Cloud Services products seamlessly integrate with top construction accounting ERP systems including Sage Intacct, Sage Construction Real Estate, Acumatica, Procore, ComputerEase, Foundation, Viewpoint Vista, Viewpoint ProContractor, and Viewpoint Spectrum. Also, hh2 Universal Construction Model (UCM) offers seamless integration between Autodesk Build and Sage 300 CRE. Click below for a live, one on one demo.