Synchronized time keeps your organization on-time, on-track and on-budget while helping to ensure compliance with ever-increasing traceability regulations. Even if your clocks are fairly accurate and only lose or gain a minute or two, those minutes can turn into hundreds of thousands of minutes of lost productivity when they affect each employee. A synchronized clock system ensures that your company can meet its time commitments, avoid unnecessary waste, meet transportation deadlines and streamline production.
In April 2016, the Securities and Exchange Commission approved a proposed rule change from the Financial Industry Regulatory Authority to tighten rules for clock synchronization at National Market System securities and over-the-counter equity securities firms. It's important for these companies to understand the changes and to have the right Network Time Protocol servers to maintain compliance. Firms have until Feb. 20, 2017 to comply.