BizSugar.com › Finance › The Risks of Pen & Paper Timekeeping

Relying on a manual input method (Excel, punch cards, paper time sheets) to track time and attendance, rather than an automated system, places your company at risk. According to a 2011 report conducted by the Aberdeen Group, one-in-three companies still use manual timekeeping methods regardless of these risks. There are two, broad risk categories: financial loss and government compliance.