M2SYS Releases White Paper on Using Biometric Technology To Eliminate Time Theft, Tighten Compliance

RightPunch soft clock custom employee time and attendance data interface

We are proud to announce that we have recently released a free white paper entitled: “Eliminating Time Theft, Establishing Accountability and Increasing Productivity with Biometric Technology.”  This  white paper begins with a look at the problems lack of employee accountability creates for a business and how it negatively impacts efficiency and profitability.  It then examines the increasing problem of employee time theft (offering in depth look at actual examples like extended lunch breaks, lollygagging, etc.) and how it impacts a businesses bottom line, causing billions of dollars of losses each year.  The white paper then studies limitations that traditional employee time and attendance methods pose including; sharing personal identification numbers (PIN’s), replacing stolen or lost employee ID badges, cost of resetting passwords and more.  We then explore monetary and productivity losses from inefficient payroll techniques including detailed charts and graphs that break down the numbers and present alarming statistics on just much these factors can drain profitability.

The white paper then discusses the positive impact that biometric identification technology has on employee time and attendance providing concrete examples on realized monetary savings and the direct links of adopting biometrics to increase risk mitigation.  Next we break down the different biometric modalities (fingerprint, finger vein, palm vein and iris recognition) providing the benefits of each as well as a detailed modality usability and accuracy chart.  We finish up the white paper by comparing a PC-based biometric “soft” clock with a wall mounted biometric time clock.

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Top customizations shared by the UKG solution community

Capture time
with QR codes

Capture time
with biometrics

Track
employee tasks

Generate
custom reports

Schedule
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Ensure
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Send personalized
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Capture time
with geofencing

Build custom
dashboards

Capture
time with NFC

Capture Job transfer
with barcode

Manage HIPAA
compliance

We hope that this white paper is helpful for our readers to gain a more thorough understanding about the value of biometric technology for time and attendance and the advantages that it brings compared to other more traditional forms of employee identification.  Please fill out the contact form on the right if you would like to receive a copy of the white paper, or click on this link:

https://m2sys.com/eliminate-time-theft-with-biometrics-white-paper.htm

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