Modern highlights -Timesheet and Inventory

Here are few highlights for both modules, not much has changed between the Classic and Modern.

Timesheet Module

• Flexible Time Entry Options – Allow employees to record time manually or automatically using biometric (face/fingerprint) devices, RFID badges, or web-based clock-in/out systems for precise attendance tracking.
• Real-Time IN/OUT Board – View live employee work status, including who is clocked in, clocked out,  or absence. Enhances visibility for supervisors and supports better resource planning.
• Project and Cost Center Allocation – Associate work hours with specific projects, cost centers, departments, or grant codes for accurate job costing and reporting.
• Mobile Access & Remote Entry – Empower remote or field-based employees to submit hours, notes, and charge codes from any device, anywhere.
• Departmental Oversight – Timekeepers and managers can review, edit, and submit employee hours to their supervisors/managers.
• Automated Calculations – Automatically compute overtime, shift differentials, holiday pay, and lunch deductions based on organization rules.
• Approval Workflows – Configurable routing for one or multi-level approvals ensures accountability before exporting to MIP Payroll.
• Departmental Calendars – Managers can view staff leave schedules, approve leave requests, and ensure adequate coverage in real-time.
• Employee Self-Service Portal – Employees can view pay stub history, leave balances, and approval status.
• MAP location Tracking – Capture employee location upon clock-in/out for remote verification and compliance with labor regulations.
• Leave & Absence Management – Employees can request time off, while managers approve or deny based on departmental calendars and staffing needs.
• Compliance & Policy Enforcement – Enforce organization-specific rules for attendance, leave accrual, and overtime eligibility automatically.
• Integration with MIP Payroll – Seamlessly transfer approved timesheets to MIP’s Payroll Module, ensuring accuracy and eliminating duplicate data entry.
• Notification & Alerts System – Automated reminders for missing entries, pending approvals, and approaching deadlines to maintain compliance and timeliness.

Inventory Module

• Multi-Location Tracking – Manage inventory across multiple warehouses, departments, or remote sites with real-time visibility.
• Lot, Serial Number & Expiration Management – Ensure precise tracking for products with serial numbers, batch control, or expiration dates for compliance and quality assurance.
• Barcode Scanning Integration – Conduct fast and accurate physical counts using barcode scanners or mobile devices.
• Stock Reconciliation Tools – Simplify adjustments and variance tracking after physical counts.
• Reorder Management –automatically generate purchase requests based on minimum/maximum thresholds.
• Inventory Valuation Methods – Support for FIFO, LIFO, and average cost calculations to align with accounting practices.
• Vendor and Cost Tracking – Record and analyze vendor sourcing and purchase history
• Approval Workflow Integration – Route purchase and usage requests through defined approval chains before stock adjustments or reorders are processed.
• Requisition and Issue Tracking – Document inventory requisitions, transfers, and consumption with full audit trail visibility.
• Receiving Integration – Sync with the receiving process to automatically update stock quantities once goods are received and verified.
• Kitting and Assembly Management – Build or disassemble kits and assemblies, automatically adjusting component quantities.
• Integration with MIP Accounting – Automatically post inventory transactions to MIP’s General Ledger.
• Mobile Inventory Access – Conduct stock checks, approvals, and adhoc picking directly from mobile devices or tablets.
• Audit Trail & Compliance – Maintain complete traceability of all inventory activities for audit and compliance requirements.

Additionally, the following will be released:

AI Assistant – Powered by ChatGPT

• Instantly analyze data and uncover trends in plain language.
• Ask questions like “What are my top vendors by spend this quarter?” and get conversational insights.
• Generate summaries, identify anomalies, and predict outcomes using intelligent, natural-language interaction.