Costpoint® | ERP Software

Time & Expense

Comprehensively manage time and expense needs, including time entry, leave requests, timesheet approvals, expense entry and authorizations, and more. Costpoint Time and Expense is an integrated solution that allows organizations to gain visibility into labor costs, project timelines and expenditures.

Time Collection

Reduce Time & Costs

  • One point of entry reduces errors
  • Monitor employee or group labor utilization with real-time Labor Utilization reporting
  • Reduce submittal time by allowing employees to organize their timesheet in views that make the most sense for them
  • Allow employees to view their pre-assigned charges for easy selection and addition to their timesheet
  • Reverse Line or Reverse Timesheet functions

Improve Visibility

  • Automatically notify employees and supervisors when employees fail to record their labor in any manor
  • Require certain employees to record time in/out
  • Track all changes (original entry, correcting entry, person responsible for the change) to timesheets
  • Get up-to-the-minute reporting on project and employee charges using the embedded Project or Activity report

Stay Compliant

  • Meets all reporting requirements
  • Prepare for audits and stay DCAA compliant with timesheet tracking
  • Capture information required to substantiate overtime usage in certain states, such as minimum and maximum hours per day, week, or timesheet period

Expense with Additional Users

Reduce Employee Administrative Time

  • Cut expense creation time by automatically building an expense report from a previously submitted Travel Authorization
  • Favorites lists allow employees to save frequently-used projects on their expense reports for easy access
  • Save submission time by automatically defaulting repetitive employee and project data using the extensive employee and charge default logic
  • CC Interfacing

Improve Decision Making

  • Decrease time spent tracking late or missing expense submissions, approvals, outstanding cash advances, or American Express card transactions using pre-configured reporting and notifications
  • Managers can create and view a wide variety of exception and scorecard-type reports to show user-defined views of expense data so key decision makers can quickly analyze critical expense exceptions

Reduce Processing Costs

  • Paperless data collection
  • Real-time data validation pre-validates employee-entered data, reducing invalid entries and thereby cutting invoice preparation costs and decreasing DSO
  • Receipts can be scanned and attached to expense reports to facilitate a faster approval process
  • Workflow-based approvals and escalations automatically route and notify expense reports to potential approver(s)