Facilitate Regulatory Compliance
By providing accountability, reliability, historical records, and secure systems, Acumen’s time and attendance software helps facilitate regulatory compliance with Sarbanes-Oxley, HIPAA, FairPay Rules, PCI, and more.
Regulations Addressed by Acumen’s Time & Attendance Systems
- FairPay Rules
Requiring reliability and accuracy for corporate financial disclosures, Sarbanes-Oxley affects most businesses across the US. Ensuring Sarbanes-Oxley compliance for your time and attendance-related data is easy with Acumen’s employee time tracking software. All employee wage and labor is accurately recorded and maintained for future reference.
Best of all, Acumen’s employee time and attendance software includes a convenient Auditor Report feature to quickly and easily create a report for auditors.
FairPay Rules Compliance
Issued by the Wage and Hours Division of the US Department of Labor, FairPay Rules (final part 541) establishes complex rules concerning overtime pay and salary deductions. Your company could face significant fines and other penalties if found to be in violation of these regulations.
In addition, when audited, the Department of Labor can go back as far as three years, so it is important to keep a record of your historical employee data. Tracking employees’ time and attendance, then, is critical to mitigate any liabilities for your company. Inaccurate time tracking can cost a company a considerable amount.
Compliance with Acumen’s Employee Time & Attendance Systems
Again, with Acumen’s employee time and attendance software, even audits are easier with the Auditor Report feature. Acumen’s world-class Tier-1 datacenters ensure 99.999% uptime so you can rest assured you will have access to your data when you need it.