Payroll Savings Calculator
How much could ExakTime save you?
Find out how much you might be wasting on paper time cards every year.
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Savings/Year
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Wasted Time
This is what you’d save by not having to manually calculate and check the accuracy of paper time cards. The American Payroll Association (APA) estimates that these steps take a payroll employee approximately 6 minutes* per time card.
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Human Error
Save this amount by eliminating the human error that goes with paper time cards. The APA reports an error rate of 1-8% of total payroll in companies that use traditional time cards. We used a 1% error factor for this calculation.
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Overpayment
Late arrivals, long lunches and early departures cost you time and money. Paper time cards mean you foot the bill. According to the APA, the average weekly “theft” of time is 4 hours and 5 minutes per employee!
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