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Productivity / Business Process Optimization
How do I see what we are spending money on?
How do I see what we are spending money on?
Written by Arick Disilva
Updated over a week ago

On Teramind, you can set the salary or hourly rate of an employee, consultant or contractor.

Employees can then select a task/project they are working on (Revealed Agent) or get it assigned automatically by Teramind based on their activity and app usage (Hidden Agent).

You can then use various built-in reports to analyze your cost/output in various ways. For example:

  • Use the Payroll Rating, Employee Payroll, Departmental Payroll, Task Payroll widget on the Dashboards to get quick snapshots of your payroll.

  • Use the Time Tracking reports such as Employee Cost, Task Cost, Timecards and Time Records to get detailed spending reports on each employee/department/project/Task.

  • Use the BI Reports such as the Productivity report to conduct cost analysis such as how much time/money is wasted on idle time, which tasks and projects are profitable vs which ones are not, expenses trend, etc.

  • You can also export these reports as an Excel file for further analysis.

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