* Improve employee buy-in by clarifying rewards.

Choosing the appropriate time management SaaS solution will only benefit your company if you can get your employees to actually use it. Hourly workers are easiest to convince because they want to be paid, so they already have an incentive. And yet, everyone regardless of status should want the company to be a success, so once they understand that using time tracking to automate billing—thereby making it more accurate—leads to more revenue, they should become more open to it. (If your employees do not care about the success of your company, timesheets won't help you. In that case, you’d better go back to the basics of creating a moral, compelling vision of how your company makes the world a better place.)

Project accounting is more abstract than payroll or billing, and you don’t want to wind up with unnecessary overtime, stressful blown schedules, bad estimates or cancelled projects. Try relating specific examples where good time collection could have prevented problems in order to make that connection in the minds of your employees.

Time tracking and SaaS solutions are the tools that will see your business through to the next level of profitability, and in today’s competitive environment, thoroughly understanding your costs is no longer an option.

Curt is the CEO of Journyx in Austin, TX.