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Factoid of the Month
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Client Savings for a typical 20-
employee organization that
utilizes an automated time and
attendance system...
Typical results demonstrate that
an automated time & attendance
system can improve payroll
accuracy by 1 - 3%.
Example of annual savings:
Take 20 hourly employees at
$40,000 each in annual wages
with a 1-3% error rate:
20 x 40,000 x (1 - 3%)
= annual saving of
$8,000 to $24,000
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- Yahoo! Small Business
Time and Attendance
Buyer's Guide
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Quote of the Month
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"For a small business, an
automated time and attendance
solution can reduce payroll
preparation time by as much
as 80%. They also help to
significantly improve the
accuracy of this payroll data."
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- Rich Watson,
Small Business Technology Magazine
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TimeLines July 2008 - Small Business Edition |
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"It's not the size of the dog in the fight,
it's the size of the fight in the dog." 
Although Mark Twain made this quote over 100 hundred years ago, it
still holds true for small businesses today. In the time and attendance
world, your small business can show its "fight" by streamlining the
processes of payroll preparation and employee attendance tracking.
While many business publications only focus on the largest corporations, we
dedicate this issue to small businesses. To learn more about specific vendors that can
provide the right time and attendance solution for your small business, join the Time and
Attendance Forum.
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- Marc Nelson, Editor-In-Chief, TimeLines Newsnote
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Time is Money. Can your small business afford not to automate your
time and attendance function?
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Just because your company is small, does not mean that you can't enjoy the benefits of
an automated time and attendance system. And unlike the "big guys," you don't have to
burn a hole in your wallet to purchase one.
For smaller companies, some of the benefits of switching to an automated time and
attendance solution are as follows:
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Reduces administrative burdens - Gives the small business owner more time to
focus on other things, frees up resources, improves business focus
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Allows you to comply with wage and hour laws - Mitigates the business risk of not
abiding by these often confusing laws
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Gives you a performance management tool - Improves management's insight
through real-time reports
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Streamlines processes and reduces expenses - Can reduce payroll costs by
5%-10%
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SaaS Provides Savings for Small Companies |
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Software-as-a-service (SaaS, also known as web-based or "on demand" software) is
growing in popularity and recently made headlines when tech icon Bill Gates
acknowledged its importance.
Additionally, software-as-a service time and attendance solutions provide an affordable,
effective way for small businesses to manage their workforces. In fact:
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For smaller organizations especially, software-as-a-service allows for a dramatic price
cut compared with the licensed model.
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Web-based solution providers charge on a subscription basis, with some charging as
little as $3 to $4 per employee per month.
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All you need is a PC and Internet connection
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SaaS carries lower upfront costs than licensed software and allows for frequent
upgrades
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