• Businesses need to track employee hours to calculate salaries and wages accurately.
• Time clock software makes it easy to manage time and attendance, saving HR teams valuable time.
• At MPEX, we provide an integral workforce management system to help businesses capture time and attendance and process payroll from a single source. Request a demo to get started!

Tracking employees’ working hours is key to calculating salaries and wages, staying compliant with labor laws and regulations, and gaining insight into attendance patterns and labor costs. However, it can be painfully time-consuming. With time clock software, HR teams can speed up the process and easily gather all necessary data.

Time clock software allows employees to clock in and out from their devices easily. The data is stored in the cloud and can be integrated into your payroll system in a breeze, cutting down processing time for your HR team while ensuring transparency.

Read on to learn more about time clock software and how it can improve your business’s productivity.

Let’s go right to it! 

What Is Time Clock Software?

Time clock software is an automated solution that helps businesses track employee attendance and worked hours. Having a reliable way of recording employees’ work hours helps HR teams accurately process payroll and calculate labor costs.

Businesses can rely on different timekeeping methods, from manual timesheets to punch clocks. Nonetheless, online time-tracking software provides more accuracy, ease of use, and seamless integration with payroll systems.

Time clock software is also a better option for managing a distributed workforce, because it enables employees to clock in and out from different devices, whether it’s a PC or a mobile phone.

Advantages of Using Time Clock Software

Manually figuring out timesheets can be a very time-consuming task — and one highly prone to error. 

According to the IRS, 33% of employers make payroll errors each year, resulting in costly penalties and amendments.

But with efficient time clock software in place, businesses can:

• Save valuable time spent on calculating work hours with old-school systems and sorting out timesheets
• Remove the likelihood of human mistakes and ensure you are paying your employees accordingly
• Ensure that your workforce is not working longer than they should and that they are taking regular breaks
• Reduce the amount of paperwork involved in managing your workforce’s shifts and work hours.

Everything About MPEX's Time Clock Software

There are many different options available for time clock software. Some of them focus only on tracking hours, but leave aside other relevant parts of the process, like approving timesheets and processing payroll.

MPEX provides a comprehensive workforce management system that integrates multiple functions —from time-tracking to processing payment— into one super-charged HR solution.

Here’s what you can do with MPEX:

• Track time and attendance — Connect this time and attendance software with your existing punch clock or data collection terminal, or fully replace your tracking system. With this tool, your employees can easily punch in and out from their devices, and you can have all the data stored in the cloud.
• Manage timesheets and expenses — Gain transparency into the process of managing timesheets and approving expenses. Ensure your timesheets are online 24/7, minimize errors, receive notifications, and set up processes to approve timesheets on a daily, weekly, or monthly frequency.
• Simplify workforce management — Get access to flexible work schedules, approve modifications, find replacements, and make sure you cover every shift. Also, provide employee self-service so they can update their availability, request a leave of absence, and sign up for overtime.
• Automate and streamline payroll — Use payroll management software to calculate compensation, taxes, and benefit deductions. If you already have a time and attendance tool that works for you, you can integrate this payroll solution — or go for the all-in-one package!

Request a Demo: Say Goodbye to Payroll Errors and Lost Time

Implementing time clock software can offer several benefits to businesses, from increasing accuracy to reducing administrative burden and saving time.

The American Payroll Association (APA) revealed that it can take up to seven minutes to process just one employee’s timesheet.

So, imagine how much time you could save for your HR team, enabling them to focus on more impactful tasks!

Time clock software makes your business more transparent and reliable. It also fosters a sense of accountability among employees as they are aware that their work hours are being accurately recorded, discouraging time theft and encouraging punctuality.

At MPEX, we provide an all-in-one workforce management solution to help your business track employee time, handle payroll, and take administrative HR tasks off your plate.

Request a demo to experience how our time & attendance, payroll, and HR software can boost your business’s efficiency and productivity!