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BioLynx™ . . . Ensuring. Employees are paid for actual time worked and Facilities’ access is audited and controlled. The Common Problem. You have hourly employees - you need … Time clock accountability Elimination of staff data entry errors And no one considers …
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BioLynx™ . . . Ensuring Employees are paid for actual time worked and Facilities’ access is audited and controlled
The Common Problem You have hourly employees - you need … • Time clock accountability • Elimination of staff data entry errors And no one considers … • Time allocated for payroll administration • Time redirected to increase profits
The Result Based on national research across all industries, your company loses: • 7 to 12% of payroll due to fraud • 2 to 5% of payroll due to data entry errors *Robert Half International (RHI)Time Theft Study 9283. RHI pioneered specialized staffing services and today is the world's leader in the field. Founded in 1948, the company is traded on the New York Stock Exchange (symbol: RHI).
The Cost of The Problem Assumptions: • “Average” payroll loss at 10% • 50 employees • Burdened hourly rate of $10.00 per employee Weekly payroll loss equals $2,000 Annual payroll loss equals $104,000
What could you do with these recovered profits? What Are Your Numbers?
Solution: HandPunch • Biometric verification of employee identity • Collect accurate data with no “mistakes”
Solution: Punch Portal • Web-based • Non-biometric • Real-time • Requires an Internet connection • Date/time stamped by BioLynx servers
Solution: Fingerprint Reader • Adds biometric verification to Punch Portal • No visible Internet connection • Attaches directly to PC USB port
Solution: PDA • Mobile managers • Record employee punches • Record job changes • Synch to BioLynx database
What Is Hand Geometry? • Unique size and shape of hand • Not finger or palm prints • Oldest biometric • 2D Identimat (1976) • Most widely used biometric • More than 25,000 installed
Template Creation • Enrollment • Over 90 distinct measurements • Length • Width • Thickness • Surface area • Average of three hand placements
Lights and Cameras • Low level infra-red light • Camera chip • Records image • Image appears as black shadow • Mirror/reflector determine hand position • Measure length, width, surface area • Measure height with side mirror
User’s hand Hand readerLight Source / Flashlight Hand image/shadow The Way We See It
The BioLynx™ Solution • Fast Payback The BioLynx™ solution generates an immediate return with complete cost recovery. • Total Service Package Installation, training, and support.
The BioLynx™ Investment $125 One-time License Fee per user 15% Maintenance Fee each following year A small investment for a big return on the bottom line!
Features • Add, correct or review employee punches over the Internet • Enter vacation hours, and department transfers • Provide centralized computer data storage with optional networking • Secure against intrusions by unauthorized persons • Generate time and attendance reports for management review and evaluation
Benefits • Provide a proof-positive audit trail • Streamline time recording, attendance and labor tracking functions • Obtain precise time and attendance • Eliminate manual data entry errors • Eliminate possible “buddy punching” • Stop losses due to payroll fraud
The Next Step • Team with BioLynx™ to: • define a customized solution • deliver a fixed price quote to implement BioLynx at your company • analyze the numbers and determine your savings • quickly start “recovering” those lost profits
