Time Point’s Cloud Reporting tool empowers your business with real-time insights across departments via meaningful dashboards and visualisation tools that can help your management team make more informed and timely business decisions.
In this blog, we explain what cloud reporting is, and how the TP Reporting feature can benefit your organisation.
1. What Is Cloud Reporting?
Cloud reporting involves the collection, analysis and presentation of data generated in a cloud-based environment, to offer valuable insights and thus support everyday business decisions. It takes manual reporting tasks such as labour analytics and attendance tracking into the cloud, ensuring data is presented in real-time, via powerful dashboards.
2. What Reporting Options Do You Have On TP Cloud?
TP Cloud Reporting empowers your business with a suite of effective analytics tools that report on your entire workforce’s performance, giving insights into staff attendance, costs and sales across departments. This is made possible through a range of features.
Labour Analytics
The Employee Data Analytics feature allows you to easily track your labour and sales costs across the business. You can view and compare actual and forecasted wage cost performance against your business budget and analyse different departments’ sales and labour costs.
Labour costs
View and compare actual and forecasted wage cost performance against your budget.
Sales analysis
Compare actual sales revenue against projected sales revenue by day anytime.
Transactions
See how many items and transactions occurred on any trading day.
Cost to sales percentage
See your actual labour costs as a percentage of revenue generated.
Department analysis
View and compare departments’ sales and labour cost performance.
Dashboard Reports
The dashboard reports feature enables the generation of a comprehensive range of data on all aspects of your workforce’s performance, with powerful reports. You can easily track metrics such as cost of time lost, and late or early exits in the form of graphs and charts.
Real-time data
All your TP dashboards are presented in real-time and are automatically updated with the latest data on labour costs, performance and sales.
View anytime, anywhere
Your key managers are provided with instant access to all relevant data anytime and anywhere from their smart devices or desktop.
Connecting everyone
Key personnel in your operations, HR, finance and other departments receive instant alerts on every aspect of staff performance.
Revenue forecasts
You can prepopulate sales data and budgeted labour costs to view your cost to sales percentages by department and location.
Workflow Alerts
The Time Point Reporting feature goes beyond providing you with powerful dashboards. With the Workflow Alerts tool you can address employee attendance issues as they happen. It allows you to set up benchmark thresholds and is connected to your reporting, firing instant alerts to your employees when breaches are made.
Address policy breaches
HR managers are instantly notified of any issues related to compliance with company policy, relating to any staff member.
Stop wage overspends
Accurate tracking of labour costs, in comparison with allocated budgets, is of vital importance in preventing budget overruns. The TP workflow alert feature tracks actual wage cost totals against budget by department, location and group-wide. It will automatically send alerts to your managers on any pending breaches before they occur.
Department Tracking
You can set up multiple categories to see how different areas of your business are performing with the department tracking tool. This helps your managers make more proactive business decisions with their reports, for instance by allocating a bigger portion of the budget towards better-performing departments.
Departmental rostering
Simply schedule and change rosters across different departments by dragging and dropping shifts across your screen.
Multiple pay rates
Automatically apply the correct rate of pay for the time worked by each employee, depending on the department they work in.
Monitor costs by department
View actual labour costs against the different departments’ budgets in real-time and receive alerts for any pending overspends.
3. Benefits Of TP’s Reporting Feature
From getting real-time insights into your cloud environment to reducing the costs of maintaining on-premises software, Time Point’s Cloud Reporting feature offers several advantages over traditional reporting tools.
Reduction In Infrastructure Expenses
Embracing a cloud solution for reporting and analytics enables your company to focus on the business itself, rather than the infrastructure required to run it. Instead of burdening your IT team with the management and maintenance of yet more on-premise software and servers, TP Cloud Reporting offers you access to all your reports and dashboards from anywhere in real-time.
Better Collaboration
With the TP Cloud Reporting tool, you can connect everyone in your organisation across departments, thus paving the way for easier collaborations. All that is needed to access company analytics and reports is a device that can connect to the internet.
Informed Decision-Making
Real-time insights across departments via meaningful dashboards and visualisation tools can help your management team to make more informed business decisions. It allows your team to compare performance and track costs across departments to make future budget allocations based on powerful data.
Safety And Back-Up
Any incident, such as a massive power outage, can easily result in immediate data loss if your company information is based on on-premise infrastructure. With our cloud reporting solution, it is stored safely and securely off-premises, ensuring unhindered access.
With Time Point Cloud Reporting, you can focus all your company efforts on running your business and let us do the rest. Request a demo today to find out what Time Point can do for you!
