Managing your resources in this era of uncertainty – the key to keeping your business afloat & steady

Today, mankind is facing one of its most tolling crises in history. The whole world has come to a standstill, with lockdown prevalent over the globe to prevent transmission of the COVID-19 virus. Economic activities have not been immune from this misfortune either. There have been large-scale layoffs across the economic sector along with stock markets crashing globally. Keeping your business up & rolling would be a colossal challenge in itself – but, if it’s done right with some tweaking and adapting, this crisis can be turned into an opportunity for your business to not just survive, but progress.

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For this, strategic management of the resources you have at your disposal can prove to be the game-changer. Consumerism is going to undergo a massive upheaval with more and more businesses adapting to the digitalized model, to keep their customer outreach steady among the social distancing scenario. The poster child of this paradigm shift is none other than ZOOM, which has strategically focussed its resources on the video meeting aspect of its application and has reaped abundant benefits from this investment

But connecting with your associates is just one aspect of this strategic resource management, but there would still be many loose ends like staying updated on your expenditures, work hours, invoices, reports etcetera.

Emerges, xTimesheet, combining all these features into a single platform!

xTimesheet has a vast array of timesheet features including

1. Modern Time Tracking and HR Tools to Boost & Guard Your Business

2. Employees worked Hours/Expense tracking

3. Complete Automation to increase overall productivity.

4. The project worked hours statistics

5. Quick approval of employee hours

6. Invoice, Reports & Dashboards to facilitate easy monitoring.

7. Significant Reduction in administrative costs

8. Increased employee productivity

9. Different roles provided to the employees based on the role view of app changes.

With these features encompassed into a single mobile-based application, managing your business resourcefully from the safety of your home has never been easier!

SIZE DOESN’T MATTER- Play it Smart and Beat the Competition

It has been a common saying “Go big or go home”, especially among the business circles. Bigger has always been better, right?

Consider the case of PanAm. At its prime, PanAm was the largest airline, not just in the US, but in the entire world. Yet nothing could save it from bankruptcy in the late 20th century. With more than 22300 employees & numerous air routes spread out around the globe, mismanagement and unpreparedness led to its downfall.

Of course, Pan Am is just one of the examples where size couldn’t save these corporations from going into a rut. This just goes on to show how size doesn’t necessarily equate with productivity & efficiency. Productivity requires discipline, critical thinking, tracking & self-evaluation.

Quality always trumps quantity in this new era of business.

A well-managed team with appropriate tracking, consistency & accountability can do wonders for any business. There can be many parameters on which a company needs to be continuously tracked including timely project progress, expenditures, target vs achieved, work hours, and other KPIs. To solve this problem, we have come with a solution-xTimesheet.

xTimesheet is a mobile-based application that can help you track your expenses, project progress, approve employees’ work hours, invoice/report dashboard, and much more, all on a single platform. Appropriate monitoring of these indicators can help you scale your business to new heights, with no regard for how large your team is. Apart from these features, xTimesheet can help you create a community of up to 5 members, absolutely FREE!