The year 2020 is projected to be a good year for the SaaS (Software as a Service) market. SaaS investors also believe that there’s massive untapped potential, with this part of the software market projected to double by size in the next decade. Reports also predict that the SaaS market size is likely to reach $157 billion in 2020 and to gain at least $60 billion between the years 2019 and 2023.
This is because, in today’s world, time is of the essence with organisations of all shapes and sizes opting for software that not only saves time but also reduces labour and cost. A cloud-based Time & Attendance software does just that, changing your overall organisation for the better. Here’s why:
- Easily accessible
Considering Time & Attendance software is a web-based application, it can be accessed through any device from a laptop to a smartphone, just as long as there’s an internet connection. That means that when your employees are working remote, from home or from client sites, they can still clock in/out or access their attendance data from wherever they are.
- Consistently reliable
Cloud-based software, when compared to on-premise solutions, has a significantly better uptime (99.99%) and fewer interruptions. In fact, cloud data centres these days significantly reduce downtime and are always equipped with the newest security measures. Even in the event of a disaster, the right cloud-based solution ensures that important data is available at all times and always backed-up. This ensures that your compliance-critical attendance data is always readily available.
- Highly secure
Most businesses today understand the importance of protecting data. With a cloud-based Time & Attendance software, the company not only saves a lot of money but also ensures a high level of security. Built on secure systems with robust architectures, sensitive employee data is protected and does not require expensive servers or hardware on-site to ensure its security, in addition to deploying SSL security protocol. A highly reliable option, Synel’s Time & Attendance cloud solutions are hosted in data centres located in the European Union containing thousands of servers, which are, needless to say, strictly monitored at all times.
- Tailor-made solutions
To really benefit from cloud-based SaaS T&A software, it’s important that you opt for just those features that your business really needs, instead of piling on benefits that aren’t required. At Synel, our experts can help identify your business needs and advise you with solutions which will benefit your business and unlock your true potential with all the necessary tools required for better growth and success.
- Effortless scalability
The best part about SaaS solutions is that whether you’re a small and growing company or a large company whose demands change by the day, you can easily add and delete users and subscribers. So when your employees leave or you add new staff, and when you grow to an extent that you need new reporting features, you can easily add or delete subscribers and select which feature-rich package you would like to use. This saves significant cost and time.
- Economically feasible
A massive advantage, especially for small and medium-sized companies, is that a SaaS-based solution is far economical as it’s sold using a flat monthly rental per active employee on the system. Moreover, deploying a Time & Attendance solution to the cloud is a lot faster and does not require a lot of investment in upgrading infrastructure. This helps to minimise expenses that would otherwise be used for server licenses and maintenance charges.
- Faster and real-time reports
With Time & Attendance software, companies can gauge the efficiency of its employees and resources thanks to real-time attendance reports. These reports are generated quickly and efficiently, allowing management to learn about the time worked, work schedules, job details, planned and unplanned absences and other HR-related information about an employee, team or department. You also end up saving a lot of time on both HR and compliance, as it becomes easier for management to access and collate data instead of manually processing time cards, creating schedules, payrolls, etc.
- Automated updates and releases
With the right cloud-based SaaS Time and Attendance software in place, it becomes easier to stay proactive and ahead of the times. When it comes to Synel’s Time & Attendance system, we ensure that your organisation stays relevant at all times with the latest releases automatically pushed through to you. That’s without the need to reach out to an IT expert or team. Quick and easy, the automated implementation of new releases and general updates help a company’s productivity – whilst also doing away with the need to rely on in-house IT support personnel, as it’s all maintained securely on an online platform.
Synel offers a fully web innovative and customisable software service, covering all the Time and Attendance activities of employees, with the aim of improving efficiency. The Synel Time and Attendance Management System, one of Synel’s workforce and management solutions, is a tool designed to maximise an employee’s potential. With Synel’s Time & Attendance software, you can transform your entire business model, have an optimised resource management, and a great deal more.
Get in touch with us to find out more or book an online demo.