Software automation is enjoying something of a ‘golden age’. The trend for using technology to automatically perform repetitive processes has been steadily transforming efficiency for businesses across industry and commerce for many years. ETZ is wired to the recruitment industry and has been solely focused on creating the best recruitment back office software since 2000.
One of the key points in the business case for adopting our timesheet software is that the benefits are not restricted to accelerating and improving the accuracy of what is a very time consuming activity, when carried out by conventional manual processing. The advantages of ETZ go way beyond these basic efficiencies.
When the software is performing timesheet and invoice processing it is also collecting the data and storing it in a highly structured format. This enables the information to be analysed and subjected to detailed scrutiny.
Generating reports based on the data that has been processed allows your recruitment business to uncover trends and intelligence in a number of areas:
ETZ’s timesheet data provides insights into recruiter productivity. The data allows your agency to monitor the performance of recruitment consultants. Typically, this tracks the performance of your consultants, their placements and the margin generated from them. Identifying high-performing individuals and teams is instrumental to helping others improve.
ETZ’s timesheet data is used to produce KPIs relating to the performance of your recruitment consultants. By setting up your consultants, branches and sectors and linking them to an assignment, this lets you measure the revenue and margin generated by each centre. This may be very useful for identifying benchmarks and setting performance targets.
The information collected by ETZ tracks actual labour costs. Using the option to create purchase order (PO) values allows actual spend to be tracked against the value of POs. ETZ also allows recruiters to see labour costs without being distorted by the cost of expenses that contractors may have incurred.
ETZ’s timesheet data supports compliance with Agency Worker Regulations (AWR). The software tracks contractor employment records and provides alerts to prevent breaches of AWR rules.
ETZ gives good transparency through providing some detailed reporting. Just match the rate code with the appropriate descriptions to see hours worked, expenses and overtime.
Some agencies may want more than just the reporting available within ETZ. If you fit into that category, then Caspian, our dedicated reporting tool may be just what you need.
Caspian is ETZ’s standalone business intelligence tool that may be used to centralise and analyse data from across the different software applications that you use across agency operations. Apply numerous filters and customisation to scrutinise any area for which you have data.
Caspian boosts the reporting capabilities of ETZ timesheets. Typically, it allows you to track data over time and enables you to see historic data trends. It may also be used for forecasting as it also predicts potential future income, based on assignments with a future end date. A structured program of analysis and review can be used to drive a quality management process, to provide continual improvement.
Want to know more about getting more value from your ETZ timesheet data? Call us on 0800 311 2266 or get in touch.
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