Benefits of timekeeping software Every day, small and medium enterprises (SMEs) in Vietnam are facing countless challenges in human resource management. According to statistics, a business with 50 employees can spend an average of 40-60 hours per month just to handle tasks related to timekeeping and payroll. Have you ever wondered: “How many hours per month is your business wasting on manual timekeeping?”
Traditional management methods with manual books
Timesheets are not only time-consuming but also pose many risks of errors, fraud and lack of transparency. Many business c level executive list owners are still struggling to find effective solutions in the context of increasingly urgent digital transformation.
Compared with traditional timekeeping methods (books, paper cards), timekeeping software is superior in the following ways:
|
Criteria |
Traditional timekeeping |
Timekeeping software |
|
Processing time |
Many hours/day |
Minutes or automatic |
|
Accuracy |
Prone to errors the most common types of webinars to make presentations due to manual data entry |
Almost absolute accuracy |
|
Long term costs |
High (paper, storage, labor) |
Low (one time investment, long term use) |
|
Security |
Low (easily lost, damaged, modified) |
High (encryption, access control) |
|
Analytical ability |
Limit |
Comprehensive with multidimensional reporting |
Must-have features in modern timekeeping software
A modern timekeeping software needs to integrate a variety of authentication methods.
-
Fingerprint
-
Face recognition comes
-
Mobile Application
-
Detailed reporting and data analysis tools: help managers make informed decisions based on real data.
The ability to integrate smoothly with other business management software such as ERP, HRIS or payroll software is an important buy lead factor, creating a unified management ecosystem.
In particular, in the digital age, employee information security must be a top priority with encryption mechanisms, access authorization, and compliance with regulations on personal data protection. Choose a timekeeping solution that fully meets these criteria to optimize your business’s human resource management process.