Improving Your Bottom Line With Cloud Based Time Tracking
Recent economic trends make it even more important to keep unnecessary costs down. $148 billion dollars are lost annually due to timekeeping errors, according to the American Payroll Association. Cloud based time tracking is a good way to trim costs.
Here is how the statistics break down. The APA notes an error rate of between 1-8% with traditional time-cards. Average weekly theft of time is 4 hours and 5 minutes per employee; meaning long lunches, extended breaks, arriving late for their shift, and leaving work early. According to the APA, time theft accounts for 5-10% of payroll costs. An average of 2-5% of total payroll is lost by “buddy punching”. It takes an average of 5 minutes per time-card to process them manually.
MinuteHound’s biometric fingerprint technology has revolutionized the way employee time is kept and calculated. Employees check in by scanning their fingerprint into the scanner that can be hooked up to any computer. The scanner converts fingerprints into binary strings of numbers that are unique to every employee. Because the actual fingerprint is never stored, it is impossible to reverse engineer the print and cheat the system. It’s also impossible to cheat the system by changing the time on the computer. The cloud based time tracking is locked onto server time. The software is so advanced, it can send an email to you if an employee clocks in late or clocks out early. Losing money to time theft, buddy punching, and human error becomes a thing of the past with cloud based time tracking.
Another way cloud based time tracking saves money is real-time access to reports from anywhere with an internet connection. No having to choose between spending your valuable time hunched over books or hiring someone to do it for you. All the time accounting is done for you. Cloud based time tracking can save you hours of your personal time that you could be using elsewhere.
Why Web Based Time Tracking Pays Off
MinuteHound cloud based time tracking system requires a small monthly service fee and the one time purchase of the USB fingerprint scanner. The service and support requires no extra charge. All this is offered for a fraction of the cost of other attendance solutions. A typical business can expect to realize a return of investment of 2,300% by switching to MinuteHound’s cloud based time tracking.
With MinuteHound’s risk free 100% money back guarantee, no contracts, and no long-term commitment it is worth your while to try cloud based time tracking. Simply return the system if you don’t like it. MinuteHound will even pay the return shipping.
No training required. No Learning Curves. No Long Term Commitments. No Inventory.
MinuteHound Web Based Time Tracking.
We are confident in our business. Be just as confident in yours.
Call (800) 351-7237 MinuteHound today!