Why Automate your Time & Attendance Solution?

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• Workplace becoming increasingly fast-paced and

competitive

• Companies looking to better manage labour costs,

while improving operational efficiencies

• Automating workforce management helps

• Control labour costs

• Minimize compliance risk

• Improve workforce productivity.

Why Should I Automate?

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• Reduced Payroll Error Rate and Processing Time

• Eliminate Costs of Timesheets and Timecards

• Reduced Overtime

• Control Payroll Increase

• Real time information

• Better Planning

• Improved Productivity

Benefits

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• Human error can account for 1.5-8% of annual payroll costs

• Approximately 5 minutes to manually process each

employee timecard

• Example: If your company has 100 employees, over 8 hours

is spent in processing time!

• Automated time and attendance can:

• Increase accuracy

• Reduces re-work

• Reduces payroll overpayments.

Reduce Errors & Time

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• Reduce costs in terms of storing, archiving and

restoring of timesheets and timecards

• Save approximately $0.03 per timesheet multiplied

by number of employees and pay periods

• Decreased risk of records being lost, damaged or

destroyed

Eliminate Costs

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• Assign work more cost-effectively

• Scheduling based on who is least likely to incur

overtime rates

• Automating rules and regulations ensures payments

are made according to employee schedules,

preventing unnecessary payments of overtime due

to unauthorized early arrivals and late departures

Reduce Overtime

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• Eliminate increases associated with rounding

• 2-5% of annual payroll costs can be saved through

automation

• 3 out of 4 companies experience losses from buddy

punching

• Automated time and attendance and biometric terminals can:

• Improve payroll accuracy

• Eliminate risk of buddy punching and time fraud

Control Payroll

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• Generate real time reports for:

• Labour assignments

• Progress of work

• Labour costs

• Analyze and identify key trends, opportunities and threats

• Identify gaps and monitor trends that could affect the

organization, and take immediate corrective action

Real Time Information

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• Extract data and transform it into presentation forms

• Effectively predict and plan labour

• Become proactive in matching resource supply and demand

• Focus on topics that require attention to ensure continuous

improvement

• Identify trends and problem areas to respond by immediate

corrective action

Better Planning

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• Improved monitoring, recording and managing time and

attendance information

• Employees can rapidly view data and submit changes when

needed

• i.e. Request absences, book vacation time, check work

schedules, etc.

• Managers can easily monitor and approve requests and

retrieve information without HR/payroll intervention

Improve Productivity

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• Control Labour Costs:

• Reduce

overpayments

• Eliminate manual

processes

• Reduce over-

scheduling

• Provide visibility

and control

• Minimize Compliance

Risk

• Centralized policy

administration

• Local policy

enforcement

• Detail audit tracking

• Improve Workforce

Productivity

• Automate

productivity killing

processes

• Match labour to

volume

• Understand the

impact people have

on their business

Summary

Visit www.synerionwfm.com for more information

on Time & Attendance and Workforce Management

solutions! Thank You!