Annual Savings Calculator
How much money can your business save by automating time and attendance processes?
Complete the form below to estimate the amount of money that you can save annually by implementing the NOVAtime Time & Attendance / Workforce Management solution.
Time theft: According to the APA, approximately ten minutes per employee are lost daily due to late arrivals, early departures, and extended breaks/lunches.
Payroll error cost reduction: According to KPMG/APA Payroll Benchmarking Study, average payroll error rate that a Workforce Management solution can eliminate amounts to 1.2% of Annual Fully-Burdened Payroll Expense. NOVAtime uses a conservative cost reduction rate of 0.4%.
Payroll inflation cost reduction: Overtime and unworked hours can be reduced on average by 0.72% of total payroll. The maximum savings possible by automation is 1.32% (Nucleus Research). NOVAtime uses a conservative cost reduction rate of 0.4%.
Benefit from Significant Annual Savings
By automating your time and attendance processes with the NOVAtime solution, you will see significant savings that quickly generate a positive return on investment.
For more information about the benefits of the NOVAtime solution Click here, or call NOVAtime at 1-877-486-6682