Calculate your savings

Paper time cards cost thousands.



How much can your company save?

Our time clocks and software save construction companies thousands every year.

Use the calculator tool to the right to see your company's potential savings with ExakTime.

Be prepared: The numbers are usually staggering.

Paper time cards are costly because:

  • Employees round up their time worked
  • Supervisor approval could take hours
  • Collecting time cards wastes time and fuel
  • Manual data entry is error-prone
  • Manually processing payroll takes days
How often do you run payroll? Bi-weekly Weekly
Number of employees:
Average hourly wage: $
Number of hours in a work week:
Average hourly wage of payroll processor: $
Total Savings each year:
$1.00
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Wasted time.
You could save this amount by eliminating the need to manually calculate and verify the accuracy of paper time cards. The American Payroll Association (APA) estimates that a payroll employee spends about 6 minutes* calculating the data on a time card.
$1.00

Human error.
Save this amount by eliminating human error when processing paper time cards. The American Payroll Association shows an error rate of between 1-8% of total payroll in companies that use traditional time cards. We will use a 3% error factor for this calculation.
$1.00

Overpayment.
Employees arriving late, long lunches and leaving early all cost you. Paper time cards promote these costly activities. According to the American Payroll Association, the average weekly "theft" of time is 4 hours and 5 minutes per employee!
$1.00
*The calculations above are based on data and research from the American Payroll Association.