Released on: July 10, 2008, 10:05 am

Press Release Author: Michael Williams - TimeTECH

Industry: Software

Press Release Summary: TimeTECH is saving companies money by eliminating buddy
punching. Integrating a biometric clock can save companies thousands of dollers in
operational costs by automating time and attendance through TimeTECH\'s time and
attendance software - TimeKeeper.

Press Release Body: Modern companies – already operating on an ultra competitive
playing field – face a daily struggle to safeguard their earnings and pay close
attention to their profit/loss ratio. Of course, the daily operation of the business
in an effective and successful way is what will ultimately earn the company a
profit. But defending against a loss of that profit is another thing entirely,
because companies are vulnerable in a number of ways they may not expect.

The term “buddy punching” refers to the practice of hourly workers punching the time
clock for their friends. The result, of course, is that employees are being paid for
time during which they are not even on the job. While this may appear to be more of
a nuisance than anything else, there is a staggering reality associated with buddy
punching; recent reports have estimated that such acts can cost companies upwards of
5% of their entire payroll budget – a huge loss to any company, regardless of their
size.

In response, savvy corporations are taking control of their time clock system –
utilizing advanced attendance tracking software programs that eliminate the
company’s vulnerability to buddy punching. By implementing these systems,
corporations nationwide are experiencing recouped payroll costs and a positive
impact on their bottom line.


Web Site: http://www.timetech.ca

Contact Details: Michael Williams
Marketing Director North America
TimeTECH - Time and Attendance / Workforce Management Solutions
877-816-TIME
www.timetech.ca