Time & Attendance Cost Savings Calculator

A number of different factors can contribute to cost savings when implementing an automated Time and Attendance solution. These factors include reducing payroll processing errors, eliminating manual data entry, and lost time or “time theft” from long lunches and breaks, tardiness and early departures.

To determine how much your company can save with Optimum Solutions’ Time and Attendance Software, enter your company information below.

Company Information
Number of pay periods
Number of employees
Average hours an employee works per week
Average hourly rate per employee
Average hourly rate for employee processing payroll
Cost Saving Factors		Annual Savings
Data Entry
It is estimated that it takes from 2 to 10 minutes to enter data into payroll for one employee. Select a value that matches your experience.		$ 0.00
Human Error
Studies by the American Payroll Association (APA) indicate that the typical human error factor in manually calculating time can range from 1% to 8%. Select a value that matches your experience.		$ 0.00
Lost Time
Lost Time or "Time Theft" can be recaptured by the automated Time and Attendance rounding, restrictions and exception management capabilities. Lost time recaptured is estimated to be between 4 and 12 minutes per day. Select a value that matches your experience.		$ 0.00
	Total	$ 0.00

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“Just a quick note to tell you how pleased I am with the help you have provided to me! I am so happy with the OSI Software already and the support I have received is unprecedented. THANK YOU! THANK YOU! THANK YOU!!”

Melanie Kimery, Accounting; Housing Authority County of Santa Cruz
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Our customers process over 11 Million paychecks annually

For more information Call 1-800-489-6026
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210 25th Avenue North - Suite 700 - Nashville, TN 37203

Time & Attendance Cost Savings Calculator

Company Information

Cost Saving Factors

Annual Savings

Data Entry

$ 0.00

Human Error

$ 0.00

Lost Time

$ 0.00

Request a Demo