Transforming the complex billing process, Timegate’s invoicing functionality provides seamless service delivery to invoice. Accurate workforce management is directly linked to the Finance department enabling finance teams to reduce their labour intensive processes transferring data between systems and spreadsheets.
Timegate will help you by
- providing end to end visibility of how an invoice element is constructed. Interrogate the operational data when you need to and improve debtor and internal query response times.
- helping you control invoicing or regular (1/12th) invoicing and your irregular or ad-hoc making sure you don’t miss to invoice a penny
- producing the invoices and credit notes if you require this too.*
It is estimated that Timegate provides 1% greater accuracy, which equates to £250 per employee per year. Fantastic ROI, whatever size your workforce.
Timegate’s Finance Pack ensures that billing is always secure, safe and quick. Providing you with an overview of activity to keep you in total control, Timegate will accurately collate your data and process the most complex of payment procedures, including 1/12th billing.
As with any service delivery provider, the workforce will be comprised of a selection of employment contracts. From the permanent, part-time and zero hours employee, organisations will also have to manage salary for the ad-hoc worker. Managing all aspects of the salary procedure, Timegate’s Finance Pack is designed to be able to accurately and compliantly calculate and process salary for each member of your workforce, based on the hours that they have worked.
Invoice and Sales Ledger Information
Having a separate finance system to your operational systems often causes issues around the fact that finance teams will have little or no visibility of what’s happening in the business, unless they manually make the checks that they require across multiple departments in the organisation. Labour intensive and open to error, this method of working is particularly cumbersome. Timegate eliminates this. Joining up the invoicing and sales ledger functions, Timegate’s Finance Pack provides complete transparency, enabling finance teams to easily check what’s happening and why. It is estimated that Timegate provides 1% greater accuracy, which equates to £250 per employee per year. Fantastic ROI, whatever size your workforce.
*Timegate is not a Full Finance system so please ensure you speak to us in detail about your requirements given the critical nature of this part of your business.