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Time and Attendance News

Synel reports Financial Performance for Q1 2010

Yokneam, Israel--(05/30/10) - Synel Industries Ltd (TASE:SNEL), a world leader in the development and production of data collection systems and solutions for workforce management, time and attendance and access control, today announced financial results for its fiscal first quarter ended March 31, 2010.

Revenues for Q1 2010 were US$9,076,861 vs. US$7,242,635 for Q1 2009 and Net Income was US$760,310 vs. US$455,811 in Q1 2009.

Synel's Chief Executive Officer, Gabi Buganim, remarked: “With the publication of the Company’s business results for Q1 2010, I am happy to note the nice growth in the Company’s turnover, which stems mainly from increased sales in the field of CCTV, following the acquisition of Anteco - a leader in marketing of surveillance TV products.With the increased penetration into the field of CCTV, I am convinced that the integration of CCTV solutions with Synel’s access control solutions, which form an integral part of the Harmony system, will continue to positively affect the Company’s growth rate.

Q1 of 2010 was also marked by a winning of a large Harmony tender for computerizing biometric attendance for TEXACO chain of petrol stations in The Netherlands, Belgium and Luxemburg, and additional large Harmony projects that are being carried out in Israel.”

Synel Industries is the parent company of Time Spot, Inc.

Synel reports Financial Performance for Fiscal Year 2009

Yokneam, Israel--(03/24/10) - Synel Industries Ltd (TASE:SNEL), a world leader in the development and production of data collection systems and solutions for workforce management, time and attendance and access control, today announced financial results for the fiscal year ended December 31, 2009.

Revenues for FY2009 were US$28,723,838 vs. US$30,646,493 for FY2008 and Net Income was US$3,856,527 vs. US$2,233,665 in 2008.

Synel's Chief Executive Officer, Gabi Buganim, remarked: “At the end of 2009 I am happy to note, that despite the slowdown in the Group’s business activity and reduction in sales, resulting from the financial crisis influencing the North American and European markets, Synel has taken the necessary re-organization steps well in advance, and the Company has shown an impressive growth in net profit, in comparison with the previous year. 

2009 was also marked by Signing of a distribution agreement with a large Chinese integration and engineering company – Taiji Corporation, which enhances Synel’s exposure in the Chinese market”.

Synel Industries is the parent company of Time Spot, Inc.

Employee Tracking

With Time Spot's software you can the ability to track your employees from out status board. This employee tracking software feature allows you to see who's clocked in, clocked out, out to lunch or even on break. It will also show you when the last punchemployee-tracking-software was placed and if you have multiple time clocks, even what clock they punched on. This employee tracking is available on our desktop time and attendance software or our web based time & attendance software. Along with employee status board, you can see if employees are breaking any attendance rules, such as in late, out early. These employee exceptions are great for annual reviews, which we have created a specific annual attendance report just for that reason. With all of the possible ways for employees to track their time, such as an employee timeclock, employee timesheet, online timesheet, fingerprint timeclock, handpunch, web timeclock, telephone timeclock, PDA time clock, and PC timeclock, giving them the flexibility they need to be able to punch in/out throughout the day. With all of these ways to track employees time with our workforce management software, you'll be pleased to know you can create payroll exports files out of our time and attendance software, and import them into many of the leading payroll software systems.

So employee tracking, time and attendance software, and  payroll do exist in harmony.

Time and Attendance Software Conference

SAVE THE DATE and join us, for four-days of networking, education, and fun at the 2011 Independent Time & Labor Management Conference & Exposition

June 15th - 18th, 2011

The Orleans - Las Vegas, NV

Questions? Our toll free number is (800) 235-6832

Since 1978, the ITLMA has grown to a position of leadership in providing quality information to the time equipment & labor management industry. Our reputation has been built on providing a wealth of essential knowledge to our members.

Time and Attendance Software Conference

The Orleans Las Vegas Hotel & Casino

Rules Based Scheduling


Celayix-scheduling


After working with one of the industry's top advanced scheduling software providers, Time Spot is now ready to unveil a robust  scheduling component that effortlessly integrates with their time and attendance portfolio.  

If you have not heard Time Spot has partnered with Celayix to offer you the latest in advanced scheduling software.  If you are looking for Scheduling that lets you quickly and easily match your employees with work assignments, Celayix may be your answer. In no time, you'll be creating schedules based upon employee skills, qualifications, seniority, departments, experience and more.  The schedules you create in the Celayix system will automatically populate the employee schedules inside the GENESIS system. 

For more info on our time and attendance software with rules based scheduling contact us today.