Kairos TimeClock Facial Recognition Software
Miami-based start-up Kairos has launched the beta version of its facial-recognition software, TimeClock. The software is the latest advancement for businesses looking to minimise time-clock fraud, which can become a costly issue.
Falsified time-clock punching, which occurs when one worker clocks in on behalf of another who is not present, can be a significant drain on the finances of new small businesses. It can also interfere with the efforts of larger establishments trying to limit their overheads. Kairos states on its website that these incorrect time-clock punches cost businesses “up to 6% of their annual payroll”.
Kairos’ facial-recognition TimeClock model has a “99.4% accuracy rate,” and seeks to assure business owners that “the workforce [they] are paying, is the workforce that's present.” Supermarkets, retail stores and medical facilities are among the 51 businesses slated to participate in the beta launch, according to online technology publication TechCrunch.
In addition to being compatible with numerous time-keeping systems, including ADP, Kronos and Red Prairie, Kairos is also available on mobile devices. Its ‘GeoFencing’ option works with Apple, Android and Windows phones to locate employees when they clock in and verify they are on company work sites.