Return on Investment

Many companies are aware that payroll is one of their largest expenses. Yet at the same time, they struggle with finding ways to curb this expense; all the while maintaining efficiency.

Other companies, meanwhile, merely consider the potential cost savings from the elimination of manual calculations, when their total return on investment is generated from a variety of different areas. Some of these include, but is not limited to:

  • Reducing processing time
  • Eliminating human errors in calculation
  • Preventing time theft
  • Payment of overtime, premiums and other regulatory payments
  • History of dates when time off was taken including vacation, sick days etc

Some of the largest savings may come from hidden costs that may not have been considered. By focusing on only one area of savings, a company would most likely elect not to purchase. This decision would cost the company thousands of dollars annually.

To learn more download a free return on investment (ROI) kit.