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Published on: May 20, 2009
Type of content: WHITE PAPER
Format: Unknown
Length: 11 pages
Price: FREE

Overview:
Many companies experience data and dollar leakage and are completely unaware of it, often occurring through their payroll. Because time and labor data collection is a common weak point in any corporate infrastructure, its one that usually escapes detection and can leak hundreds of thousands, even millions, of dollars each year.

Labor costs represent one of the largest expenses for any company, yet collecting information about that expense - hours worked, shift differentials, work rules - is one of the areas least exploited with regard to a company's ability to automate business processes.

Companies implement ERP systems to address big-picture challenges related to back-office systems: redundant data and systems, costly maintenance and support, and simplified reporting.

But ERP systems are not a panacea to all an organization's challenges.

Read this whitepaper to learn ways of detecting leakage in your companie's ERP system, several time and labor trends that most companies overlook, and how to repair leakage using Kronos Inc's Workforce Central and Kronos 4500 terminal solutions.