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BioLynx™... Ensuring Employees are paid for actual time worked and Facilities’ access is audited and controlled.

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Presentation on theme: "BioLynx™... Ensuring Employees are paid for actual time worked and Facilities’ access is audited and controlled."— Presentation transcript:

1 BioLynx™... Ensuring Employees are paid for actual time worked and Facilities’ access is audited and controlled

2 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

3 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).

4 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

5 What Are Your Numbers? What could you do with these recovered profits?

6 Solution: HandPunch Biometric verification of employee identity Collect accurate data with no “mistakes”

7 Solution: Punch Portal Web-based –Non-biometric –Real-time Requires an Internet connection Date/time stamped by BioLynx servers

8 Solution: Fingerprint Reader Adds biometric verification to Punch Portal No visible Internet connection Attaches directly to PC USB port

9 Solution: PDA Mobile managers –Record employee punches –Record job changes Synch to BioLynx database

10 Hand Geometry

11 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

12 Template Creation Enrollment Over 90 distinct measurements –Length –Width –Thickness –Surface area Average of three hand placements

13 How it Works

14 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

15 The Way We See It Hand image/shadow User’s hand Hand reader Light Source / Flashlight

16 www.biolynx.net

17 Secured Login

18 Ledger Interface

19 Deliver Data to Payroll System

20 The BioLynx™ Solution Fast Payback The BioLynx™ solution generates an immediate return with complete cost recovery. Total Service Package Installation, training, and support.

21 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!

22 Here Are Your Earnings

23 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

24 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

25 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


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