WHITE PAPEROctober 2013

A White Paper on Selection of Time-Attendance System for Small Organizations

Con

tent

s 1. Executive Summary

2. Difficulties in Evaluation

3. Prepare Time-Attendance Requirement List

4. Questions for Ensuring the Right Time-Attendance System

4.1. Meeting Exact Needs

4.2. Data Management

4.3. Flexible Enough to Fit with Requirements

4.4. Reports and Charts

4.5. Configuration and Monitoring

4.6. Support and Software Up-gradation

4.7. Product Versatility

4.8. Product Design

4.9. Hardware Reliability

4.10. Connectivity Options

4.11. Manufacturer's Credibility

5. Matrix COSEC SAMAY

6. Conclusion

7. About Matrix

Executive Summary

Purchasing a time-attendance system can be a major decision for any organization irrespective of its size. Many purchase criteria must be considered - everything from functionality to integration to cost must be weighed carefully when evaluating time-attendance system.

A good time-attendance system should be able to address all major concerns like buddy punching, manual attendance calculation, manual entry in the payroll system, flexibility in attendance marking for different employees etc. Ultimately it should help to save the time, reduces error, improve employee morale, improves the productivity and most importantly adding value to the business.

This white paper will provide some useful hints with proper explanation which small organizations can use for selection of Time-Attendance system.

Number of Suppliers in the Market: Time-attendance is a very unorganized market with many local players and imported devices. It should be noted that time-attendance system is a complete solution not just a box product like a mobile handset. So vendor selection should be based on the ability to customize, local support, proper training and ultimately matching with the organization need.

It is never an easy process for selecting right time-attendance system for the orgnization. In the market there are many vendors are available who are offering similar types of solutions with confusing specifications at different price points. If the decision maker is not familiar with the system, he is confused with below reasons.

Difficulties in Evaluation

Confusing Specifications/Features:At the first sight all the features offered by different vendors are looking like the same. But the depth of feature and flexibility each feature provides; is different from vendor to vendor. So depending upon the organization need an evaluation of the system should be performed.

Price Variations:As mentioned earlier, time-attendance market is very fragmented. Many imported players are offering time-attendance solution at very low prices while some good players are selling their solution at some higher price. However as a good decision maker, one should consider the total cost of ownership of the solution. Total cost of ownership includes actual product cost, installation charges, after sales support, customization charges, warranty, down time cost etc.

Winner of

Prepare Time-Attendance Requirement List

Prepare Time-Attendance Requirement ListTime-attendance is very dynamic in nature. No two organizations have identical attendance and leave policy. The same organization may follow different timings and holiday for its different facilities. Various departments like manufacturing, marketing, R&D within an office differ in their timing, grace period and overtime calculation. Further people working in the same department need different time-attendance flexibility.

In short, while approaching to the time-attendance vendor, you should be ready and clear with your organization requirements in detail. In this selection mainly HR and IT team can play a crucial role. Ultimately a time-attendance system is HR's baby!

Ÿ Number of Doors Used forEntry and Exit

Ÿ Number of Business EntitiesŸ Working HoursŸ Shift Timings (if applicable)Ÿ Weekly OffsŸ Late-In Policy

Ÿ Early-Out PolicyŸ Overtime PolicyŸ Leave PolicyŸ Official OutŸ Types of Reports requiredŸ Payroll Integration requirement

Others if any…

HR should have complete clarification of attendance policy with:

Meeting Exact Needs The power of the TA solution is derived from its software. The first and most important question is the TA software designed for your country, region and application? TA application is always localized due to many factors including local laws, federal laws, culture, industry, size, etc. There is no one universal size that fits all. Therefore, it is necessary that the TA application should be designed specifically to address all your needs without compromises. It would be a mistake to buy a TA solution that offers “universal” or “standard” software designed to work in Asia, Africa, Middle-East and the rest of the world.

Data ManagementTA solution manages all the entries, exits, attendance, overtime, leaves and other such transactions, analysis and summaries. All organizations maintain this data for a long time for their internal usages and sometimes for legal compliance. In a way, this data is as important as accounts and financial data of the organization. It is imperative you need easy and fast access to the current and historical data. Your TA solution should support strong storage, backup, archival and retrieval methods?

Flexible Enough to Fit withRequirementsWhen it comes to working hours, leaves, late-ins, early-outs and overtime, all organizations have their own policies and rules. These are like customs and traditions of a culture. They have evolved over a period of time and served you so well all these years. It is neither advisable nor necessary to change them overnight. Therefore, you need a TA application that can adapt to your systems with minimum changes. Is the software flexible enough to adapt to your organizat ion 's pract ices and policies?

Questions for Ensuring the Right Time-attendance SystemAn HR or IT person should have enough justification on below questions while evaluating different vendors in the market.

Reports and Charts A good time-attendance solution is as good as the output it offers in terms of reports and charts. A proper report and chart can reduce data analysis time drastically and improve efficiency. All vendors offer many kinds of time-attendance reports but you should check whether your reports are there or not in their list. Reports should be informative and in required format so that it can be easily used for some other applications like salary calculation or other purpose.

Configuration and MonitoringIf you want to get the most out of your time-attendance system, it must have user-friendly hardware and software configuration. You should not expect any detail learning on its important day to day functions. Moreover system should have the facility to display all important data like total absent users, leave detail, real time user data with detail, holiday list, shift information on its opening page. This will reduce the time of the HR person.

Support and Software Up-gradationDoes the product backed up by long-term support, up-gradation?Change is the only constant. With time and growth everything will change – number of people, organization structure, policies, local/federal laws, etc. You need to check whether the TA solution you are considering can evolve with your changing needs? Would the vendor be around all those years? It should not happen all the investments and implementation efforts go waste and there is need to scrap the solution and reinvest in another one in just a few years.

Product Versatility Many technologies are available in the market for time-attendance with their own pros and cons. As a smart buyer you should know which technology is suitable for your application. If you are selecting one technology today e.g. fingerprint then if you want to add RFID card in it what would be the cost. Is it just addition of card module cost

or complete hardware replacement cost? For basic access control application, does the system have door relay port to connect an electronic lock with it?

Product Design Any system you select should add value to your office interior. It should not look like a patch on the wall. A good design is not only aesthetics but also ease of use, proper audio-visual notifications, environment friendly, dust proof etc.

Hardware ReliabilityHigh quality materials like gold flash PCBs, industrial grade components, engineering plastic etc. will add value into the product and increase its life and performance. Many imported vendors are offering their solutions at half the price with lack of product depth and performance. In short, selection should not be on the base of one time cost but on the total cost of ownership.

Connectivity OptionsFor user punch data transfer and device configuration, connectivity is required between device and software. Before you select any device you should have an idea what type of infrastructure is possible in the organization. There are products available with multiple connectivity options like Ethernet, Wi-Fi, GPRS, mobile broadband, PoE, manual transfer using USB drive etc.

Manufacturer's Credibility

C O S E C D O O R F O T A f t e r understanding about a product, you should also check manufacture's credibility in the market. Who are their existing customers? Whether they are satisfied or not with the solution? How is their support? How is their R&D? etc. These questions will give you confidence in decision making.

Matrix COSEC SAMAY

Matrix COSEC SAMAY is a professional time-attendance solution specially designed for small organizations. COSEC SAMAY manages the diverse requirements of systematic yet flexible timings with user-wise attendance, shifts and leave policies. It's human-like intelligence calculates attendance and leaves and integrates seamlessly with payroll systems. Matrix COSEC SAMAY dramatically improves productivity and discipline of the organization.

Why COSEC SAMAY?Matrix COSEC SAMAY is a superior time-attendance solution compared to many other cheap products available in the market!

OTHERS

Adapt to the organization's real needs.

Allocate manpower for maximum efficiency.

Match organization's exact leaves and holidays policies.

Save time, increase accuracy and reduce cost.

Prevent human-intervention, errors and manipulation.

Monitor manpower status for better control and faster decisions.

Interpret data easily for better and faster decisions.

Reduce manual work and eliminate errors or manipulation.

Improve aesthetics and ease-of-use.

Reliability and long life.

Reduce wiring cost andimprove network reliability.

User-wise Attendance, Late-In, Early-Out, C-OFF and Overtime

Multiple Shifts and Shift Patterns

Various Leave Types, Balance Tracking and Encasement

User-wise Overtime Policy and Automatic Calculation

Auto Push Events from Device to Software with User Photo

Live Status of Attendance, Devices,Shifts and Holiday in a Single Window

Customized Reports in Excel and Graphical Charts with Filters

Direct Integration with Tally and Other Payroll

iF and Red Dot International Awardsfor Product Engineering and Aesthetics

Gold-Flash PCBs, Touch-Sense Keys, Scratch-Proof Plastics and Heavy Duty Components

Ethernet, Wi-Fi, Mobile Broadband (3G/2G) and Power over Ethernet (PoE)

User-wise Timings

Flexible Shifts

Leaves and Holidays

Overtime

Online Events Recording

Live Dashboard

Reports and Charts

Payroll Integration

Award Winning Design

Sturdy Hardware

Multiple Connectivities

FEATURE BENEFITMATRIX COSEC SAMAY

COSEC SAMAY

Reports and Charts

TALLY

Due to continuous technology upgradations, product specifications are subject to change without notice.

Factory39 GIDC, Waghodia, Dist. Vadodara - 391 760, India. Ph: +91 2668 262056/57, Fax: +91 2668 262631

Head Office394 - GIDC, Makarpura, Vadodara - 390 010, India. Ph: +91 265 2630555, Fax: +91 265 2636598 E-mail: Inquiry@MatrixComSec.comSMS ‘MATRIX’ to +91 99987 55555

www.MatrixSecuSol.com

For further information, please contact:

An ISO 9001 Company, Matrix is a leader in Telecom and Security solutions for modern businesses and enterprises. An innovative, technology driven and customer focused organization; the company is committed to keep pace with the revolutions in the telecom and security industries. With around 30% of its human resources dedicated to the development of new products, Matrix has launched cutting-edge products like IP-PBX, Universal Gateways, VoIP Gateways and Terminals, GSM Gateways, Access Control and Time-Attendance Systems, Video Surveillance System and Fire Alarm Systems. These solutions are feature-rich, reliable and conform to the international standards. Having global foot-prints in Asia, Europe, North America, South America and Africa through an extensive network of more than 500 channel partners, Matrix ensures that the products serve the needs of its customers faster and longer. Matrix has gained trust and admiration of more than 3,500,000 customers representing the entire spectrum of industries. Matrix has won many international awards for its innovative products.

MATRIX COMSEC

ABOUT MATRIX

CONCLUSIONRight selection of a time-attendance system will add value to your business and improve productivity and efficiency multifold for many years. So selection should not be overlooked by neglecting many important parameters mentioned in this white paper. Secondly, decision maker should consider the total cost of ownership of owning this product rather one cost.