Firms that want to set up comprehensive time tracking system
frameworks have a decision to make: Should they build their own systems in-house or elect to purchase ready-made solutions?
One thing is for sure—at some point during the life cycles of growing companies, the need for time tracking technology
will become apparent. Paper- or spreadsheet-based methods are often sufficient for small businesses, but as these firms grow, they begin to identify the myriad inefficiencies and shortcomings of these approaches and start to realize that it might be time for an upgrade.The risks of taking a DIY approach
When it comes to purchasing an off-the-shelf solution that can be customized to fit a company's specific needs and requirements, what businesses see is what they get in terms of price. In contrast, the costs associated with the "build your own solution" approach are much more hazy. Estimating this type of expense is not easy, and as a result, these kinds of projects frequently go over-budget—sometimes considerably so. What's more, even after investing massive amounts of time and money into the project, success is not guaranteed. Firms that build their own timesheet software
may overlook key aspects that end up compromising the usability of the solutions.The benefits of purchasing ready-made timesheet technology Time tracking software
companies, such as Sage Timeslips, are experts in their fields. The solutions they provide are tried and true, and are used by a number of firms of different sizes, representing a wide cross-section of industries and hailing from a range of geographic locations.
Leading solutions offer lower risk in terms of functionality and reliability, and come with their own comprehensive maintenance and support plans, as well as the opportunity to make regular upgrades. Additionally, they offer the potential for significantly faster returns on investment, as they are easier to implement and use, and can consequently begin to generate profit for companies much more quickly.Why buy rather than build?
The undertaking of crafting a time tracking system in-house is inherently unstable, leaving important factors—such as final cost and functionality—up in the air for much of the process. Conversely, out-of-the-box solutions come with set costs, offer defined functionality and are easier to set up and use, while still offering customization opportunities.