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This webinar provides an overview of why employee time theft is a serious problem for employers to address including the estimated cost and effect on productivity. It then explains how the affordable PC-based biometric time clock called RightPunch from M2SYS Technology used with Fujitsu's palm vein biometric technology can help to eliminate employee time theft and establish a concrete labor tracking strategy. It also covers workforce management benefits including reducing payroll error rates and eliminating identity fraud.
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Eliminate Time Theft with PalmSecure™ Palm Vein
BiometricsHosts:
Bill Geary – Sales Manager, Retail & Education, Fujitsu Frontech North America
Michael Trader – President, M2SYS Technology
If tweeting during the presentation, please use hashtag #palmsecure
Agenda
Fujitsu and M2SYS Overview The Cost of Time Theft Where Do Executives Rank Combatting Time Theft? How Can Biometrics Help? Why PalmSecure™ Palm Vein Biometrics Technology? Why M2SYS? Benefits for Workforce Contact Information
Company Leading Provider of Customer – Focused Information Technology and Communication
Solutions Founded in 1935 – 76 years in existence Annual Revenue – $53 Billion Over 160,000 Employees 100+ Offices Worldwide
Products, Services and Support Delivering Computers, Software, Telecommunications, Microelectronics, Electronic
Devices 34,000 Patents Providing Consulting, Systems Integration, IT Infrastructure, Solutions Third Largest IT Services Provider in the World Worldwide Support
Partners Partnerships with Leading Distributors, Resellers, ISV’s and Software Companies
Customers Most Global Fortune 500 Companies
PalmSecure™ Biometric Solution
Fujitsu Overview
M2SYS Overview
Award-Winning Biometrics R&D Company Primary Markets Served: Public Safety – Law Enforcement,
Electoral, Healthcare, Banking, Education, POS, Childcare, Transportation, Workforce Management, Membership Management, Application Security
Over 500 enterprise software integrators Tens of Thousands of End User Deployments in 90 Countries
Worldwide Winner of 2007 Frost & Sullivan Biometrics Technology
Innovation of the Year Award Unique Bio-Plugin™, Bio-SnapOn™ and Hybrid Biometric
Platform™ solutions for rapid biometric adoption and deployment
Headquarters in Atlanta, GA with Satellite Office in Asia
We Simplify the Adoption of Biometric Technology
Fujitsu/M2SYS Partnership Formed partnership in early 2010 M2SYS enables PalmSecure™ device to be easily and rapidly integrated into
any host software Offering custom solutions to a variety of industries for biometric workforce
management, point of sale, patient identification and other uses M2SYS Bio-Hyperpliance solution can match 30,000 palm vein templates per
second PalmSecure adds perfect alternative to M2SYS customers for problematic
fingerprint biometrics
Strategic Relationship Overview
The Cost of Time TheftAn Impact on Money and Productivity
According to the American Payroll Association, buddy punching alone costs 2-5% of gross annual payroll and 75% of businesses suffer from it. The Boston Globe and Denver Post also reported that US companies lose nearly $400 billion per year due to time theft.
Time on the Totem PollExecutive Focus on Improving Time Management
In 2007, the Society for Human Resource Management reported that CFOs feel their #1 challenge is time management.
In their 2009 Retail Technology Study, RIS reported that Cost Management and Workforce Efficiency/Productivity were #2 and #3 on the Key Business and IT Strategies list.
How Can Biometrics Help?PalmSecure™ Palm Vein Biometrics for WFM and
POS
• More affordable alternative to expensive time clocks
• Save at least 2-4% of your gross payroll• Speed – employees only need to scan
their biometric• Increase productivity by eliminating
“buddy punching”• Reduce payroll inflation and payroll error
rates• Eliminate ID cards or PINs• Ensure compliance with labor laws• Reduce store shrinkage
Benefits:
* Calculate your savings at: www.RightPunch.net
Why PalmSecure™?Key Advantages
High Authentication Accuracy• FAR: 0.00008% • FRR: 0.01%
Non-Traceable and Non-Shareable Authentication Method• Delivering unmatched security and privacy that is virtually impossible to forge
Non-Intrusive Interface • Contactless solution that leaves no biometric footprints following authentication• High level of user acceptance
Applicable to All Users with Virtual No Enrollment Failure • Works regardless of ethnicity, age, and other demographical statistics • Highly applicable to all users due to minimal impact from external factors (abrasions, dry skin,
chemical damage, wearing skin lotion, etc.)
Why M2SYS?Key Advantages
• Instantly interfaces with any third-party WFM or POS application
• Custom versions already built for Kronos, ADP, Qqest, Empower, GlobalStore and others
• Can facilitate offline punch capture and discreet “typeless” schedule enforcement (Kronos and ADP)
• Easily scale to share templates across terminals or stores
• Seamless interface to end users
Benefits for WorkforceAll the Features of a Clock at a Fraction of
the Cost Instantly interfaces with any third-party workforce management without requiring any development or upgrades.
Custom versions already built for major workforce management platforms like Kronos, ADP, Empower, and Qqest.
Can be easily scaled to meet customer’s unique needs.
Kronos and ADP version include offline punch capture and discreet “typeless” schedule enforcement.
1:N matching - all that's required is a biometric scan (no need for PIN or card).
Automated biometric template distribution to support “floating” employees.
Benefits for WorkforceReduce Payroll Error Rates & Eliminate
Identity Fraud More affordable alternative to expensive time clocks.
Save at least 2-4% of your gross payroll.
Speed – employees only need to scan their biometric.
Increase productivity by eliminating “buddy punching”.
Reduce payroll inflation and payroll error rates.
More secure and efficient than ID cards or PINs.
Hybrid Biometrics™ support ensures that 100% of your employees can be reliably and consistently authenticated.
Ensure compliance with labor laws.
Contact Information
Bill GearySales Manager, Retail & EducationBiometric SolutionsFujitsu Frontech North America25902 Towne Centre DrFoothill Ranch, CA [email protected]+1-813-855 8452 office+1-813-380 9423 cellwww.fujitsu.com/us/services/biometrics/palm-vein/
M2SYS Technology1050 Crown Pointe Pkwy.Suite 470Atlanta, GA [email protected]+1-770-393-0986www.m2sys.com
Twitter: twitter.com/m2sysFacebook: facebook.com/m2sysLinkedIn: linkedin.com/company/
m2sys-technology
