Las Vegas, NV (PRWEB) November 8, 2010
Cal Poly Pomona Foundation, Inc. reported today that it has realized a 300% return on investment in biometric technology during the first year of deployment. It has implemented M2SYS Technology’s biometric fingerprint technology with its Kronos time and attendance software, enabling employees to use fingerprint readers to clock in and clock out at the beginning and end of shifts and lunch breaks.
Cal Poly Pomona Foundation identified several time and attendance challenges which led them to implement biometric fingerprint technology. The problems included backlogs during check-in/check-out, decreases in payroll staff productivity to reconcile time stamp errors and buddy punching. It was seeking to incorporate a biometric check-in/check-out interface that eliminated backlogs and sped up the process to decrease lost employee productivity.
After implementing biometric technology, Cal Poly Pomona Foundation estimates at least 10 employment service staff hours saved per pay cycle by eliminating the need for supervisors to authorize hours in the system after processing. This equates to 10 hours per cycle, 20 hours per month and approximately 240 hours per year which they have been able to allocate to other projects and initiatives. They estimate savings of $15,000 per year through a $5,000 investment in biometric technology.
This announcement was made from KronosWorks™, the industry’s largest venue for exchanging ideas on how to effectively manage the workforce. KronosWorks is taking place this week in Las Vegas.
About Cal Poly Pomona Foundation, Inc.
Established in 1966, the Cal Poly Pomona Foundation, Inc. is an integral component for the educational mission of the University. The Foundation exists to provide the highest level of service and financial support while maintaining corporate fiscal integrity.
Kronos is the global leader in workforce management solutions that enable organizations to control labor costs, minimize compliance risk, and improve workforce productivity. Tens of thousands of organizations in 60 countries - including more than half of the Fortune 1000® - use Kronos time and attendance, scheduling, absence management, HR and payroll, hiring, and labor analytics applications. To learn how Kronos uniquely delivers complete automation and high-quality information in an easy-to-use solution, visit http://www.kronos.com.
About M2SYS Technology
M2SYS Technology, http://www.m2sys.com, provides technology that makes biometric software affordable, simple to integrate and inexpensive to support enabling customers to easily utilize the right form of biometric technology for their needs.