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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!

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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!

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Deadline scare? Is this because of procrastination or bad time management? Here are some pro tips.

Deadlines have come, time is less and work is more. Boss in on the head asking for his work to get completed on time. You are still browsing and surfing on social media. You are feeling lazy and don’t want to work for now. But, you are left with a few hours to submit your assignment. Why is all this happening? Are you getting less than 24 hours a day?

The answer is surely a NO! You are lacking behind with time management skills.

Here are some pro tips and strategies that will definitely help you to save some good time and also to make productive use of it. Being efficient and also effective at the same time nowadays has become very important. Do you know why?

Here is the answer, a man who manages his time effectively and efficiently produces the best. God has given everyone, the same amount of time. Now, it depends on us how we utilize it or let it go in vain.

Power up your work day, manage your time, and relax sums up to smart work.

Just keep in mind, the 4 Ds of negligence in time management.

1.    Delete:  Delete all the unnecessary moves and steps that are creating hindrances in between. Ignore all the unnecessary calls, save it for later. Wake up early and sleep accordingly so that you can feel fresh and energetic.

2.    Delegate: Delegate the tasks which you think someone else can also do at the same pace and efficiency. Delegating means handing over the tasks to someone else.

3.    Defer:  Defer can be defined as the tasks, which are not needed to be completed urgently, you can save it for later. Prioritize or schedule your time table accordingly so that you can come to know which task is more important and which tasks are not.

4. Do: Do is a job that only takes a few minutes to get completed. These are the jobs which do not take much time to complete, it is a kind of touch up or small responsibilities. But never let all these small tasks pile up because piling these can be a great task to complete leading to procrastination.

Use of Time management software to better manage projects.

The best time tracking web app, in my opinion, is xTimesheet, this a product of XRM Labs. xTimesheet is a web-app loaded with a lot of features for personal and industrial use.

xTimesheet has a very analytical dashboard to keep you updated on hours worked, time entries, projects active, reports, etc.
There are also other features like invoicing, reports creation with drill-down feature, approval and rejection system of time entry, and easy to use powerful UI for seamless onboarding.

You can try the software or get a demo here xTimesheet .

Honestly saying, this has personally helped me a lot in making optimum utilization of time. May the time be with you!

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How to create Expense and get them approve? Streamline expenses and its approvals.

As we talk about the current time still most of the companies relied on pen and paper to manage their timesheets. As few small businesses still rely on this obsolete method. The issue with paper timesheets can easily be interfered with, which can cost organization a large amount of money and loss of wasted admin hours. Employee expense handling is still one of the most common frustrations for both employees and managers.

With using xTimesheet expense and its approval made simple. xTimesheet diligently combines the time entry and expense entry all together in a project.

Easy Expense for Everyone

xTimesheet takes an advanced approach to expense module, with this employee can get expenses into the system quicker and more easily than with any other software in market. And as it’s completely web-based application, there’s no more waiting to get back to the office – expenses can be entered from anywhere like home or from the road while you are heading back to home. You can even track expenses through your xTimesheet mobile app.

Step 1: Add Expense

Following would be the steps to add expense to any project. To do so go to the Expense menu.

Any expense which is occurred during execution of any work related to the selected project can be added here and later on Invoicing it can be clubbed with other cost of this project.

Expense approval also has following views for the approval manager for the easiness. Selected view will display all the record which falls under the selected category.

Click on the new button to add new expense. A new form will open, user will need to enter the details and click the save button. 

Quick and Easy Expense Approvals

Approving expense through xTimesheet is fast. it’s as easy as clicking just an approved button against any expense record. Once approved, expenses automatically appear on selected project for payment, invoicing, or accounting. Administrator can assign the approval manager role to any of his company user who has a login credential in this xTimesheet.

Step 2: Expense Approval

Approval manager can approve or reject any expense record for any project from here. There are three actions that can be taken from here which are available in last column- first is view receipt, second is approve button and third is reject.

START TRACKING YOUR EXPENSE NOW!