With the use of attendance software systems, businesses can gain a clear competitive advantage over their counterparts. The quick and accurate time and attendance records translate to significant savings in the long run and ultimately a healthier profit margin. While the possibility of time theft becomes absolutely zero, this makes the job of payroll processing easier for business accountants and the human resources personnel. In the light of these statistics, let us have a look at the advantages of using time attendance software:Įmployee time and attendance tracking systems are accurate, reliable and provide a great deal of accountability. The research further points out that an average of 4 hours and 5 minutes are wasted per employee per pay period taking long lunches, being tardy and leaving early. The installation and deployment of such systems has become simpler as well as the savings in money and time are tremendous.Īccording to the American Payroll Association (APA), companies that lack automated timekeeping end up having an eight percent error rate on their payroll. But with the advancement in the field of information technology, the cost of time attendance systems has become affordable even for the smallest businesses. Some businesses may argue that attendance management software requires costly investment that makes these systems seem out of budget. In addition, it can also make sure certain mandatory conditions or rules are being met. This means that the company can easily put a check on time theft committed by unscrupulous and opportunistic employees in the long run. This is a major factor influencing organizations to opt for attendance systems to handle these tasks automatically.Īs the name suggests, time attendance software can accurately track hours logged and paid time off. A time and attendance system software allows for more efficient payroll and attendance processing. Under such circumstances, time attendance software can not only record the employee logging time on a daily basis but also add an extra layer of security, accountability and efficiency. It becomes cumbersome for businesses to manually track when individual employees enter and leave office, when are they taking vacation or sick days, and which organizational projects they’re spending their time on. In any business organizations, tracking of employee time and attendance is one of the most critical factors that affect the overall profitability of the business operations as also the prospects for future growth.

Attendance management system software