The VeriDoc HR Solution - TimeSheet App
23 Sep 2019
The VeriDoc HR Solution
Timesheet fraud is a common cause of financial loss for employers with payroll fraud accounting for up to 20% of all fraud suffered by organizations. It negatively impacts project management and resource planning, while employees recording more hours than worked is hard to detect and manage.
With traditional punch clocks, employees can punch in for their colleagues if they are running late and with more advanced technologies employees can opt-out of using biometric scanners due to privacy laws.
The VeriDoc HR solution prevents anyone from illegally changing the hours.
Employees use their personal mobile device with two-factor authentication (2FA) to clock in and clock out, so that colleagues can’t clock in on their behalf. Time and location stamps on the blockchain are immutable, providing a trustworthy audit trail if timesheet records need to be inspected.
Employers have access to a web portal to manage employee and timesheet records, timestamps and location data can be viewed here as well as verified on the blockchain for audit purposes.
Employers save time and money lost each year due to timesheet fraud and employees have an easy and quick method of clocking on to their timesheets and seeing a record of all their hours worked. Transparency on both sides.
VeriDoc HR is a highly versatile software application that can work with any other software. APIs can be used to communicate directly with payroll software which can be implemented swiftly and in a timely manner.
VeriDoc Global has a finished patented blockchain solution that eliminates document fraud and counterfeits. By using a mobile device, anyone can simply scan a VeriDoc Global secured QR code and verify within seconds whether something is genuine or fake.
This technology has also been applied to tracking and verifying employee start and finish times with fantastic success.
To use the software for yourself and try the technology today, contact email@example.com to arrange access and we will gladly show you the advantages VeriDoc HR Solutions can give your business or organization.
A huge thank you to the entire Development Team for great effort. It's been an outstanding 2019 keep up the fantastic work.