{"id":991,"date":"2011-07-07T12:05:56","date_gmt":"2011-07-07T16:05:56","guid":{"rendered":"https:\/\/www.m2sys.com\/blog\/?p=991"},"modified":"2022-11-16T02:56:13","modified_gmt":"2022-11-16T07:56:13","slug":"m2sys-releases-white-paper-on-using-biometric-technology-to-eliminate-time-theft-tighten-compliance","status":"publish","type":"post","link":"https:\/\/www.m2sys.com\/blog\/workforce-management\/m2sys-releases-white-paper-on-using-biometric-technology-to-eliminate-time-theft-tighten-compliance\/","title":{"rendered":"M2SYS Releases White Paper on Using Biometric Technology To Eliminate Time Theft, Tighten Compliance"},"content":{"rendered":"
\"RightPunch<\/a>
RightPunch soft clock custom employee time and attendance data interface<\/figcaption><\/figure>\n

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.”<\/a>\u00a0<\/strong> This\u00a0 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. \u00a0It 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. \u00a0The 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. \u00a0We 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.<\/p>\n

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. \u00a0Next we break down the different biometric modalities (fingerprint<\/strong>, finger vein<\/a><\/strong>, palm vein<\/a><\/strong> and iris recognition<\/a><\/strong>) providing the benefits of each as well as a detailed modality usability and accuracy chart. \u00a0We finish up the white paper by comparing a PC-based biometric “soft” clock with a wall mounted biometric time clock.<\/p>\n