A Finance Manager's Guide to Stress-Free Month-End Closing
Sarah, a senior finance manager at a growing tech company, used to dread the last week of every month. “I was essentially a timesheet detective,” she says. “Tracking down billable hours, reconciling project costs, and preparing client invoices consumed my entire week. I knew there had to be a better way.
The Real Cost of Manual Financial Management
If Sarah’s story sounds familiar, you’re not alone. Finance managers across industries face similar challenges:
- Projects mysteriously going over budget.
- Billable hours slipping through the cracks.
- Department managers submitting last-minute time entries.
- Client disputes over billed hours.
- Endless email chains about timesheet corrections
The Impact
Strategic financial planning takes a backseat to administrative tasks. Your expertise is wasted on data entry instead of driving business growth.
Transforming Financial Operations: A Success Story
When Sarah’s team implemented time tracking tool through Timesheet Pro 365, a Microsoft SharePoint application, everything changed. “The transformation wasn’t just about getting rid of paper timesheets,” she explains. “Because it’s built on SharePoint, it integrated seamlessly with our existing Microsoft ecosystem, giving us visibility into our business in real-time.”
Here’s what modern time tracking brought to her team:
Accurate Project Costing
- Real-time visibility into project hours within their SharePoint environment
- Clear tracking of billable vs. non-billable time
Streamlined Billing
- Simplified time capture across departments.
- Native integration with Microsoft 365 and SharePoint workflows.
- Detailed breakdowns of the working hours of each employee, all accessible through familiar Microsoft interfaces.
Better Decision Making
- Instant access to financial metrics directly in SharePoint
- Data-driven resource allocation using Microsoft's robust security framework
- Accurate profitability analysis without leaving your Microsoft environment
Making the Transition
Sarah’s advice for other finance managers? “Start small. We began by automating just our timesheet collection with Timesheet Pro 365. Since it’s a SharePoint application, our team adopted it quickly as they were already familiar with the Microsoft interface. The results were so positive that teams asked for more automation.”
The Results Speak Themselves
After implementing Timesheet Pro 365 in their SharePoint environment, Sarah’s team saw:
- Month-end closing time cut in half
- 90% reduction in timesheet errors
- Significantly fewer billing disputes
- More time for strategic financial planning
- Improved adoption rates due to the familiar Microsoft interface
Looking Forward
The future of financial management isn’t about working harder—it’s about working smarter with tools that integrate with your existing systems. With Timesheet Pro 365 for SharePoint and the right processes in place, you can transform month-end closing from a dreaded chore into a smooth, predictable process.