MindSalt

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MindSalt
Private
IndustrySoftware Technology
Founded2006; 15 years ago (2006)
HeadquartersRockledge, Florida
Area served
Worldwide
Products
  • Time tracking
  • Expense tracking
  • Project and activity tracking
  • Billing and invoicing
  • Project management
  • DCAA compliance features
  • Reports and profitability analysis
  • Vacation and PTO tracking
  • Approval workflows
Websitemindsalt.com

MindSalt is a workforce management web-based application facilitating and automating business processes such as timesheet reporting, expense reporting, and project tracking for small, medium, and large businesses. The company has its headquarters located in Rockledge, Florida.[1]

Since its inception, MindSalt has offered its services to several prolific clients such as Marriott, Sephora, Hill Rom, PixelPool, Heritage Services Corporation, State Street, and others. The service runs in a web browser or on mobile phones.[2]

History

MindSalt was founded in 2006 as a SaaS platform. The company was founded in response to a surge in demand for workforce management software with the aim to develop web-based solutions to ease corporate stress and boost employee productivity. It also allows the users to use a single platform to track expenditures, budgets, project profitability, generate reports in a number of formats and charge consumers.[3]

The company puts great emphasis on transparency, access to data, and control. Users get notifications when the app is running and can choose what to share with their employer. They have full access to their data at all times.[4][5]

Features

Time-tracking

With MindSalt’s time tracking feature, the users can manually enter hours or use the built-in stopwatch to keep track of their time. Timesheets can also be displayed weekly, bimonthly, semi-monthly, or monthly and are remotely accessible. This feature allows the employers to keep track of employee balances for vacation time, PTO, sick leave, and comp time along with facilitating approval workflows, timesheet reminders. This feature by MindSalt also offers a detailed report on the input in order to increase work efficiency along with providing access control to the employers to adjust permissions for employees or groups as per their needs.

Expenses

With MindSalt's web-based expenditure monitoring, employees can register their spending and submit receipts from anywhere, as the company's patented easy-to-use cost tracking software streamlines the cost reporting process and simplifies reimbursement procedures for the users. The users can also record receipt photographs and attach them to expense reports on this platform, which can later be approved by the authorities, eradicating the process of manual work.[6]

Projects

MindSalt's dashboards, charts, and detailed reports offer detailed information to the users, which helps them to manage the projects and make informed decisions. By offering real-time budget information, MindSalt helps the users to stay updated on their company’s progress.

Team Management

Mindsalt’s software helps the users to keep a track of the employee’s work hours and overall productivity. It keeps track of the employee’s accruals such as PTO, vacation time, sick time, or comp time, and gives them accurate, real-time balances when scheduling time off thus reducing the HR’s work.

Approvals

MindSalt facilitates custom approval workflows for web-based timesheets and employee expense reports for a smooth workflow, reducing time consumption and increasing the efficiency of the company as a whole.

Reporting

To help the users make informed decisions, MindSalt automatically organizes raw company data (projects, invoices, etc.) into easy-to-interpret visual reports. To reduce the burden across departments, it facilitates the easy export of data from web-based timesheets and expense tracking software to other programs in Excel, CSV, or PDF formats.

Security

MindSalt uses 256-bit SSL encryption to transfer information between browsers and servers to ensure maximum security. To decrease the chance of data loss, MindSalt backs up user’s information every four hours and stores it in secure facilities in two different geographical locations.

In the media

  

References

  1. "MindSalt - Overview, News & Competitors | ZoomInfo.com". ZoomInfo. Retrieved 23 June 2021.
  2. "MindSalt Time & Expense". GetApp. Retrieved 23 June 2021.
  3. "MindSalt Corporation Time & Expense | 2021 Software Reviews, Pricing". Software Connect. Retrieved 23 June 2021.
  4. "MindSalt Corporation | Company Card". Insurance Journal. Retrieved 23 June 2021.
  5. "Comprehensive report of Time & Expense Software Market Projected to Gain Significant Value by 2026". business-newsupdate.com. 2021-06-11. Retrieved 23 June 2021.
  6. Finance 7, Matt Mansfield In (2015-11-24). "Time and Expense Tracking Apps: 27 Solutions". Small Business Trends. Retrieved 23 June 2021.

External links