Timesheet software is often associated with looking at past projects, evaluating their success, and using that knowledge to plan for future projects. It can do all of that, of course, but surprisingly, timesheet software can also enable businesses to “turn on a dime,” so to speak. The software can help businesses redirect resources as necessary to procure new projects or repair struggling ones.

How does this work, you may ask? Well, advanced time tracking solutions have the ability to make leave requests, demonstrate what tasks a person spends the most time on, and show who is available and when. If the opportunity to take on a contract with a fast turnaround time arises, it is absolutely critical to know this information. If you don’t, it could mean that you leave profitable business on the table, or worse, take on a project only to find out that its scope is outside of your control.

Further, we have already discussed the advantage of keeping a record of previous projects, and this is a perfect example of why it is good to do so. If you can draw on past information about completion rates, employee efficiency, and availability of resources for past projects, then it is possible to make educated guesses about requirements for new projects. If a project is performing poorly, it is also possible to compare that project with successfully completed ones to determine if there are any requirements or resources incongruent with the current project.

So, just remember that Journyx Timesheet has advanced functionality that can be unlocked by the savvy and creative business professional. What sort of innovative uses have you found for time tracking software?