Curt Finch, CEO of Journyx, a company that develops time tracking software, has published a new book, All Your Money Won’t Another Minute Buy. The direction of the book is established early on with a quote by the management guru, Peter F. Drucker: "Time is the scarcest resource and unless it is managed, nothing else can be managed." In his book, Finch argues that time management is as critical to the success of any business as is money management, yet most companies fail to track time and don’t protect it with the same care they do more traditional assets. According to Finch, you protect time by tracking time: "If you don't know your costs, you don't know where you're profitable, and consequently, you can't steer your company to success." The book explains that the biggest impediment to the success of a time-tracking system is employee resistance, and offers a number of practical suggestions for getting buy-in: Educating workers on the importance of time-tracking Creating an adoption platform that visually depicts how the data is being used Implementing a phased rollout Offering incentives for those reporting regularly Sending e-mail reminders to notify workers when time reports have not been submitted, and, of course, doing so with a fast, robust, automated system that suits the needs of the overall organization. All Your Money Won't Another Minute Buy is a quick and easy read, and you'll come away with a better understanding of the importance of time-tracking and how to go about selecting and implementing the right time-tracking application for your organization. Of special interest to those considering the purchase and rollout of an enterprise-wide time tracking and expense recording application will be the recommendations of the author on how to deal with software vendors. Dig deep, ask probing questions, and get through the marketing hype. There is a breath of fresh air and sage advice coming from the vendor's side. The book’s first section discusses the reasons for tracking time, such as: Project accounting and measurement of key performance indicators Ability to produce realistic and accurate estimates and quotations based on real historical data Payroll Compliance with regulations The second section delves deeper into the issues surrounding regulations, compliance and the SOX requirements. The third section focuses on how to select a time accounting platform. It compares make-it-yourself systems versus buying off-the-shelf applications. It includes recommendations on requirements specifications; what to ask vendors about trial periods; and the pros and cons of web-based applications versus stand-alone systems. The final section looks into the future. It discusses “Software as a Service” (SaaS) concept, Service Oriented Architecture (SOA) and the implications of Web 2.0. If you are concerned with the need for time-cost management, SOX compliance and accurate reporting, and are considering introducing an automated time tracking and reporting system, then you should take a look at this book.