Digital Time Capture is a timesheet management solution for the industrial construction industry. It helps contractors accurately capture timesheet and payroll information to avoid penalties for late or incorrect payroll. The solution standardizes processes across subsidiaries and projects. Case studies show it saves companies over $150,000 annually in timesheet processing costs and helps avoid penalties for late payroll.
23. Single Point of Entry www.digitaltimecapture.com Plan/Schedule Financial/Payroll Work Breakdown Structure (WBS) Financial Chart Field (G/L) WBS & WFP mapped to Schedule & GL On-site Data Collection “ DTC provides daily cost reporting so that every team member understands progress relative to cost and target across all projects.”
Welcome to the DTC Webinar We hope you enjoy the presentation today and strongly encourage you to post questions throughout the presentation We will be asking a few survey questions to help better understand specific trends or challenges you currently face. The presentation will be available on our website – we’ll email you once its been posted.
We’ve seen contractors rushing to get all the hours entered to make the reporting and payroll cut-off To turn around and spend days or even weeks making corrections after the fact.
Poll Q 1
4 hours supervisor Bonus calculation if crew is sent home early weather conditions. Rules for travel and turn around if a full shift is not worked Expenses or special circumstances (camp but stayed in town) Who’s in camp who’s not etc.
These are the internal costs. Providing incorrect information to the owner will easily double the costs again. Not to mention erode their level of confidence in your abilities. This is the source data that travels through the process: with a cascading effect Payroll, Client Reporting, Invoice Backup, Job Costing, Schedule, Progress Huge effort to correct and reconcile this information in comparison to the effort required to get it right the first time
To articulate this ADP survey shows 56% would spend more time on running the business if they didn’t have to spend so much time ensuring the accuracy of their payroll information.
Poll #3
Person retired – didn’t need to replace them PTO report – reallocated an entire position Imagine the potential savings for an owner if they were able to standardize all contractors on a single timesheet platform. Similar configuration so each contractor has their own unique configuration with everyone on one database.
Automate the calculation of payroll items. Integration with ADP eliminated the need for manual reconciliation.
Paid out over $250,000 in fines. Had up to 4 administrators on site dealing with timesheets and payroll Incomplete timesheets were being “set aside” to be dealt with when there was more time.
30 million dollar shutdown with one administrator on site Payroll Owner – daily approval
No timesheet system is more industry specific, user friendly or intuitive to use than DTC DTC allows you to configure the enter screen to match specific project preferences or even user preferences for the most efficient process possible.
DTC provides the capabilities to do Mass Data entry By crew By trade By shift Etc – what ever works best for you
DTC automates the calculation and validation of premiums, per diems, lump sums, etc More than just rules based its configurable on the fly.
Poll Q #4
50 workers 40 hours per week 8,500/year We can prove a cost savings of .22 to .27 per man-hour Reduced admin costs, reduced IT costs
DTC is the only timesheet software that focuses 100% on industrial construction. This means out of the box DTC is designed to address your specific challenges It also means we will work closely with you to meet any specific requirements you have
Timesheet data is the source data for more than just payroll Daily Cost Reporting (Daily LEM process) Electronic approvals Invoicing/invoice backup Poll q
Comprehensive project information Real-time data you trust to be accurate its easy to make timely decisions. Single version no more discrepencies. How many times is the same basic data rekeyed? When everyone is speaking the same language its easy to share ideas and help each other (PCL vs. Triton)
DTC is the system that can speak both the operational language of WBS, Cost Codes and Activities And it can speak the financial language of divisions, departments and GL codes. Its a tool for the folks on site to collect Labour, Equipment and Material information. Track quantities, percent complete and allows the team to use actual data to status the job at any time. Common to operate in silos but once the process is documented and understood integration path becomes clear
The important thing to understand is you don’t have to match 1 for 1. You can roll up or You can detail out DTC is extremely flexible in how we map to other systems so it is import to determine which system is in charge of which data elements (org, wbs, resources) DTC extremely detailed resource information (id, person, classification, etc Primavera extremely detailed task, schedule information
We are able to integrate with any number of systems We’ve integrated with most systems and have never not been able to integrate JDE Oracle SAP, Timberline, Dynamics, ACCPAC
Strategic Alliance Partners with ADP to offer a complete timesheet – payroll solution to the industrial construction industry ADP doesn’t typically partner with technology companies but recognized the strategic value in DTC’s focus on industrial construction. ADP’s payroll depth and DTC industry knowledge we are able to provide the most comprehensive industry focused solution on the market.
ADP recognizes the unique challenges of the industrial construction industry and has formed a unique partnership with DTC to address your industries demanding challenges
We are happy to provide on-line demos where we will have a chance to talk about how DTC can meet your companies specific requirements 45 – 90 minutes We are also happy to provide a free efficiency assessment to determine the potential ROI for company should you choose to implement DTC Industrial Timesheet software. 1 hr to answer the questions 1 hr for phone interview