NEW YORK, USA: Facebook has quickly become the go-to distraction for employees in the workplace.

According to a recent report by Nielsen, Americans spend 53 billion minutes per month on Facebook and a recent report by Palo Alto Networks found that office workers were three times more active on Facebook at work and seven times more active on Twitter in 2011 than in 2010.

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To address the growing concern faced by the companies, New York based Internet technologies company, KMGi has unveiled a new business solution that enables companies to find out what their employees are doing during work hours and how it's impacting their productivity.

Transparent Billing is a project management tool that automatically takes screen-shots of the user's activity on the job, tracks their billable hours and allows employers to monitor the progress of projects in real time, said a press release.

This web-based application is designed to increase workforce effectiveness and corporate profitability.

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"The Transparent Billing application was developed by KMGi to provide a clear, easy and controlled environment for computer-based projects," says KMGi CEO Alex Konanykhin. "It also provides protection from contractor overbilling."

Transparent Billing gives managers the freedom to operate from any location while maintaining oversight over their entire workforce, including in-house employees, telecommuters, remote and offshore staff as well as outside contractors, the release added.

The tool also protects workers' privacy and is compliant with all applicable laws.