Resource Management has always been a hot topic, not just for startups, but for larger organizations, as well. The reason is obvious: better resource management leads to better business. This is exactly what companies discuss during their financial and business planning sessions. Things have changed, though, as workers are not the only resources that need to be managed. Trends have changed, and resource management has improved through the use of automated tools which are superior and more accurate when compared to manual management techniques. Human resource management software is a vast subject to cover, and by improving certain important aspects of it, better results can be achieved.

Let’s take a look at some factors that play a very important role in improving Resource Management:

Time Tracking

Managers understand the importance of time, since they compensate employees for their time and work. Good managers try to make the most out of their employees’ work hours. Companies may have various human resources to track employee time, but ultimately, automating this tracking process should be the first goal of all CEOs in 2013. CEOs are not left helpless here, though. There are several timekeeping solutions available that can track every employee, freelancer or contract worker. Some of these tools provide information on specific projects an employee has worked on, as well as the time spent on each one. Every employee in an organization has a different role and performs different tasks. Therefore, timekeeping software that is completely customizable would be the smart choice.

Project Tracking

Time is a precious commodity and managers expect good results from every completed project. Project management has always been a hectic and time-consuming process. Having a tool in place that can control and track projects would be a relief to busy managers. A project management solution that can track every aspect of a project—the employees working on it, the time spent on each part of the project, as well as bills and invoices, etc., is a necessity for every organization, and plays a major part in resource management. It is best to choose software that does it all, instead of having a tool for every task, which will usually create problems down the road. One good project management tool can completely take care of project tracking—once set up—and managers will only need to check the project reports that are generated.

Bill Tracking

Why is billing mentioned here? It’s because billing is a crucial aspect in most projects, and happens to be an area where human errors occur frequently. Billing does play a very important role in the client-company relationship. Billing clients accurately and on time, with details of work billed for, is very important. Using a tool that bills and invoices clients on the work done, with detailed reports and graphs, makes the entire process hassle-free. Various invoicing and time billing tools are available online, but a tool that comprises both, or even includes project, time and expense tracking, would be the best bet, and a tool every company should possess.

The above three crucial factors, when managed correctly, lead to better resource management. Since there are tools that take care of project, time, expense and invoice management, valuable resources can be targeted towards other business priorities, resulting in better resource management software.