Date post: | 12-Nov-2014 |
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Technology |
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1 Simple LP Technique Can Save You Millions
Hosts:
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
• Company Overview• Biometric Loss Prevention Benefits• The Cost of Time Theft• Where Do Executives Rank Combatting Time Theft?• How Can Biometrics Help?• Why PalmSecure Palm Vein Biometrics Technology?• Why M2SYS?• Q/A
Fujitsu OverviewPalmSecure™ Biometric Solution
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
M2SYS OverviewWe Simplify the Adoption of Biometric
Technology• 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 and Bio-SnapOn solutions for rapid biometric adoption and deployment
• Headquarters in Atlanta, GA with Satellite Office in Asia
Biometrics & LPHow Biometrics Improves Loss Prevention
Techniques:
• Solid Audit Trails
• Higher Employee Accountability
• Data Protection
• Increased Efficiency
• Stronger Security
• Improved Compliance
• Identify High-Risk Individuals
• Airtight Access Control
• Solidify Role-Based Security
• Prevent Unauthorized Access
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 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. In 2007, the Society for Human Resource Management reported that CFOs feel their #1 challenge is time management.
How Can Biometrics Help?PalmSecure™ Palm Vein Biometrics for WFM and
POSROI*
• 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
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