A manually prepared payroll will eventually contain an error. If the error shorts an employee, payroll is sure to hear about it, but what about overpayments to employees? Many hourly and salaried workers today manually fill in their timecards. But according to the American Payroll Association, the average weekly "theft" of time (long lunches and breaks, tardiness, early departures, etc.) is four hours and five minutes per employee. This amounts to employees receiving (or stealing) over a month of extra pay per year. For an employer with 50 workers earning $7 an hour, the cost of lost time could amount to $74,308 a year!

The following example illustrates the annual cost of overpaying just 5 minutes a day (number of employees x 255 working days per year x average hourly rate, with overhead cost equal to hourly rate):

ASAP Time and Attendance Advantages:

• Eliminates time cards and multiple signatures
• Pay only for productive time
• Allows ASAP to be proactive vs. reactive
• Provides cost centers with accurate management reports
• Minimizes time spent on reconciliation of invoices
• Daily Cost Forecasting