From handling employee queries to ensuring accurate payroll – HR professionals have to do a lot of things. But there is one problem that always gets everyone riled up, and that is time card fraud. An activity that employees often do to earn more with minimal work. The worst part is that it’s very hard to identify if anyone is stealing time or not. Even if you identify the people who are doing such fraudulent activities, it’s even harder to prevent them from doing the same thing again in the future. This is where CloudApper AI TimeClock can come to the rescue. 

For more information on CloudApper AI TimeClock visit our page here.

What is Time Card Fraud?

Employees intentionally falsify their time cards or time sheets to get paid for time they did not work. Employees can commit timesheet fraud in a variety of ways. It could be buddy punching for someone who is running late, or it could be employees themselves falsifying punches by checking in early or exiting late. Even seemingly simple activities, such as misrepresenting the time spent on a task, can pile up. 

Study

According to Exploding Topics, 43% of employees exaggerate their work hours. 

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CloudApper AI Time Clock

Greenville Water’s Time Capture Success with Face Recognition TimeClock

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The Consequences of Time Card Fraud

Time card fraud can have serious consequences for your company. The most immediate impact is financial loss, as paying for unworked hours reduces your revenues. Beyond that, time card fraud can lower staff morale. When honest employees see colleagues taking advantage of the system, they develop a sense of injustice, which can lead to lower productivity. Finally, if your business is proven to be careless in dealing with timesheet fraud, it may face legal issues in some areas. All these problems can be solved with the help of CloudApper AI TimeClock.

CloudApper AI TimeClock: Your Shield Against Timesheet Fraud

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CloudApper AI TimeClock can help you prevent timesheet fraud thanks to its AI features. First, there’s the multi-modal authentication function. Employees can clock in and out by verifying their identity using biometric authentication, such as face ID or fingerprints. The CloudApper AI TimeClock can easily be configured to include NFC/PIN/QR code verification. This provides an additional layer of security for your company. The AI TimeClock also includes geofencing. The Geofencing tool allows you to set a radius around the workplace. Employees can clock in and out only from that zone.

Stop Time Card Fraud Today

Timesheet fraud can drain your profits significantly, and employees can commit such activity through many means, such as buddy punching, falsifying timesheets, or inflating hours. With the help of CloudApper AI TimeClock and its AI-powered robust features, such fraudulent activities can be prevented. So, if you want to create a fair workplace, contact us today. 

Key Takeaways:

  • Time card fraud can significantly drain your company’s profits through various methods like buddy punching, inflated hours, and falsified timesheets. 
  • Time card fraud can result in financial losses, low employee morale, and potential legal issues.
  • CloudApper AI TimeClock solves this problem with features like biometric authentication and geofencing

What is CloudApper AI Platform?

CloudApper AI is an advanced platform that enables organizations to integrate AI into their existing enterprise systems effortlessly, without the need for technical expertise, costly development, or upgrading the underlying infrastructure. By transforming legacy systems into AI-capable solutions, CloudApper allows companies to harness the power of Generative AI quickly and efficiently. This approach has been successfully implemented with leading systems like UKG, Workday, Oracle, Paradox, Amazon AWS Bedrock and can be applied across various industries, helping businesses enhance productivity, automate processes, and gain deeper insights without the usual complexities. With CloudApper AI, you can start experiencing the transformative benefits of AI today. Learn More