Editor's review
This is a time reporting software that ensures SOX compliance can be demonstrated.
This TimeLive web based collaboration tool is for project management, bug tracking, employee timesheet, employee attendance, tracking issues and managing expenses. The software is supplied in two versions. A downloadable version that can be worked over the organization’s LAN. The other version is a hosted version housed in the cloud. Either version is free up to five users, mainly for getting a taste of how the software can help your business. This is an integrated project management and collaboration tool. It will let you configure the time sheets exactly according to your company’s needs, same goes with expense management issues. The approval workflow can be the way it is done in your organization. Task management feature helps track the progress of your project easily. Email notifications of all events, status change can keep all the stakeholders well informed.
While bug tracking is applicable to software projects specifically, the issue tracking features could be used by any kind of projects. Employee attendance, the main function of this tool is done quite simply. Accurate time and expense accounting is maintained. Together with audit trails this ensures the SOX requirement that accurate financial records are available to auditing officers. Other features that help various aspects of the SOX compliance include controlled access, historical data availability, approval process and workflow, automated system makes for reduced possibilities of fraud, real time data can be reviewed, changes and approvals can be tracked and so on. Besides the usual time keeping, integration with accounting packages like QuickBooks is available. it is these compliance features that make this package quite attractive.
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