SOURCE: CyberShift

CyberShift

July 05, 2011 07:00 ET

CyberShift Trendline Survey Surprisingly Reveals Many Companies Still Rely on Paper and Postal for Time and Expense Reporting

Automated Workforce and Expense Management Improves Accuracy, Timeliness and Reduces Costs for Companies of All Sizes

PARSIPPANY, NJ--(Marketwire - Jul 5, 2011) - More than 20 percent of surveyed organizations still rely on manual paper time sheet reporting and nearly 30 percent of companies say that mobile employees complete expense reports via mail according to the 2011 CyberShift Trendline Survey, "Put Time on Your Side." Developed by CyberShift, a global provider of workforce management and expense management software and services, the survey polled more than 1,200 American Payroll Association (APA) members on employee timesheets, expenses and mobile workforce challenges and processes.

With more than three-fourths of respondents requiring half or more of their employees to report their time each pay period, 31 percent indicated that they capture time either manually through paper time sheets or using Excel spreadsheets. The survey results, which are included in the July issue of APA's PAYTECH magazine, also indicate that these outcomes are consistent for companies of all sizes and across all surveyed industries. Surprisingly, 31 percent of those companies reporting manual time and attendance capture have between 500 and 5,000 employees. And of those who reported that employees mail in expense reports while on the road, nearly 49 percent have between 500 and 5,000 employees.

These results come together with reports that capturing accurate pay, absence, leave and paid time off data in a timely manner remain payroll professionals' most challenging issues (47.5 percent). Interestingly, automating time and attendance processes could alleviate this pain point for many. Reducing the costs and wait time associated with manual, paper and mail-based processes, automated workforce and expense management solutions offer real-time, Web-based functionality and significantly simplify daily time management activities with seamless process management. With solutions that encompass fully integrated time and labor management, employee scheduling, leave management and business travel and expense management applications, businesses can achieve accurate and timely reporting and promote higher levels of productivity throughout the organization.

Morné Swart, CyberShift's vice president of Product Management, commented, "Not only is manual tracking cumbersome and time consuming, but it also leaves much room for error and only delays insight for future workforce and strategic business planning. Remarkably, many companies are still using paper- and postal-based processes for both workforce management and expense reporting. Automated workforce and expense management can help businesses, regardless of size, reduce administration and processing costs, provide instantaneous and accurate data, and boost overall organizational efficiencies."

About CyberShift
CyberShift specializes in providing leading organizations with best-in-class workforce and employee spend-management solutions to reduce costs, mitigate compliance risk, and increase productivity. Our solutions help organizations of all sizes address complex policies and increase the effectiveness of their workforce in delivering products or services to their customers every day. CyberShift's comprehensive product suite is unique in providing multi-national capabilities for employee scheduling, time-and-attendance, contingent labor management, absence management, expense management and solutions for the mobile workforce. CyberShift manages over 1.5 million transactions daily through our highly secure SaaS delivery model, and is also available as an On Premise license, putting the power of choice in the hands of the customer. For more information, please call (877) 274-4381 or visit www.cybershift.com.