The flow-on effects of inaccurate timesheets are quite harmful to the organisation. Making the billing period an even greater nightmare is the predictably late submission of timesheets, particularly prevalent among employees who are working away from the office.
With the professional services and project-oriented industries being particularly competitive, a new contract is usually the result of a concerted effort by the Sales team and aggressively stringent budgeting from the Project Management team. To expose the hard-fought contract to the risk of reduced profitability through internally controlled factors, such as lax time recording, is untenable in this uncompromising sector of business.
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