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Why? So the boss can look and/or feel like they're in control, and doing something.
It's the same reason that US tax payers still have to file their W2 taxes, even though the InternalRevenueService knows (within a few dollars) exactly what is due.

COMPLIANCE, Slave... because they CAN.

Madness. There is no hope for this kind of management myopia. They are too far gone.