An information capture, processing and retrieval (“ICPR”) system shared by multiple buyers, suppliers and workers concurrently and a method of operating the same. In one embodiment, the ICPR system includes an order documentation subsystem configured to document orders for the suppliers and the buyers with respect to the workers. Each of the orders specifies a different method of time capture for the workers assigned thereto. The ICPR system also includes a time capture subsystem configured to receive the different methods of time capture from the workers positioned in one of anchored and untethered locations assigned to the orders. In a related embodiment, the ICPR system further includes a time approval and buyer tagging subsystem configured to allow the buyers to label time worked by the workers corresponding to the buyers with one or more tags, thereby translating approved time of the workers into custom, internal terminology of the buyers.