Manual time and attendance management is labor-intensive; employees need to fill out timesheets by hand and payroll team needs to re-enter the information into payroll systems for processing payments. This traditional method of time and attendance tracking is fraught with errors, because it relies on the accuracy of the employee who enters data into various systems. Automated time management software eliminates errors by creating accountability and transparency. It offers real-time reporting, reliable audit trial and simplifies compliance task.
Automated software significantly minimizes the time it takes to fill out, submit, and approve timesheets. Implementing such system for time and attendance tracking lets your employees know that they are being monitored and can’t get away with long breaks and early logouts. It offers great insights into employees’ schedules which help reduce payroll cost through elimination of unnecessary overtime costs generated by an unbalanced distribution of work.
Internal controls and business policies can be easily configured into the system, this helps minimize policy violations such as missed lunch hours and unauthorized overtime. With the help of online software you can easily access the historical data and can also forecast your future projects. The data can be utilized to calculate the ideal time for completion of a particular project, and monitor the time employees actually take to complete their tasks. These insights are not only necessary for compliance purposes, but also for projecting training requirements and helping employees to be more productive.
Cloud-based time management software offers numerous benefits such as easy implementation, quick adoption and anywhere, anytime access. The software seamlessly integrates with your existing payroll and accounting systems, and also supports bi-directional data transfer that eliminates the need for manual data entry into multiple systems.