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Why Implement a Time and Attendance System? Lower Payroll Costs, That’s Why

September 8th, 2015 | Posted by Apex Time Solutions in Cloud Based Time Management Solution | Employee Self Service | ERP | Forecasting | Time and Attendance Blog, Workforce Management Software

Studies conducted by industry giants IDC, Gartner, Aberdeen and others have consistently revealed that most executives do not have an effective time and attendance solution with the capabilities for; forecasting, data integration, workforce planning, job costing, and up-to-the-minute reporting. So what kind of benefits can these executives derive from implementing an effective time and attendance solution?

They include:

 Greater understanding of employee overtime, absenteeism and payroll costs.
 Uncover patterns, trends and analyze labour costs, and identify areas of potential risk.
 Improve the speed and quality of decision making gained from instant business intelligence capabilities.
 Giving employees the freedom to view their hours, request vacation and other approvals via any workstation or mobile device.
 An integrated workforce management solution that encompasses; talent management, payroll, enterprise resource planning (ERP), human resources information system (HRIS), and customer relationship management (CRM).

Companies that deploy a time and attendance solution say they have increased their net profit margins, often by 10% to 30%, while reducing payroll costs, and increasing workforce productivity. And, these same companies say that a few months after the deployment, they noticed improved employee relations—and morale. Maybe this has something to do the eradication of the time-consuming paper time-sheets.

To learn more about ATS Time and Attendance, register for one of our monthly webinars, or you can download a prerecorded demonstration from our website. And to reach us by phone call; 866.294.2467.

Why Implement a Time and Attendance System? Lower Payroll Costs, That's Why

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