Type of Business: IT Consulting
Uses Web TimeSheet for: Timesheet and Productivity tracking
Number of Users: 30
Corporate Headquarters: Schaumburg, Illinois
Company Profile
Remington Associates Ltd., Chicagoland's premier provider of security solutions
as applied to both the network and e-business applications, uses Replicon to turn
timesheets into invoices and to chart productivity levels by employee and by department.
Replicon's real time view of productivity enables managers to quickly see which
engineers are billing most frequently and which are sitting on the bench. Twenty
of the firm's 30 employees have used Promax for two months (the entire engineering
team, part of sales, management and administration).
Benefits for Better Workforce Management:
"Managers can now determine profitability per engineer, and instantly communicate
that information to that engineer. Before we could not get that level of detail
on revenues each brought in. Now they have immediate access to how many billable
hours are needed to qualify for a bonus. Because this information is so easily available,
we now provide employees with quarterly reviews instead of making them wait for
yearly reviews."
Workforce impressions:
"Replicon is very well received by the workforce. They like having access to their
productivity rates. Even lesser performers seem to appreciate the technology as
a tool for having real time knowledge of how their hours impact the bottom line.
They have a clear picture of how much work needs to be done in order to earn a bonus.
They like the fact that management can very clearly see their value."
BEFORE & AFTER: Quantifying the ROI:
Replicon Saves Remington 24 Hours and $3960 Per Week
"Before Replicon, we transferred manual timesheets done in excel into invoices,
then cut and pasted the billable time data into a database that was used to generate
PDF files that showed employee utilization rates."
- Engineer's time: Before: 1-3 hours per week, Now: 10-30 minutes per week.
- (12 Engineers) X (Median Hours 2) = 24 Hours Saved Per week
- 24 X (Median Billing Rate/$165) =$3960 Saved Per Week
- Estimated Hourly Time Savings Per Week: (AVERAGE: 24)
-
Estimated Money Saved Per Week: (AVERAGE: $3960)
(Please note: this sum total does not include the administrative person: Before:
24 hours per week, Now: 12 hours. Time saved: 12 hours per week.)
How much did the Replicon solution cost you?
"After Replicon's demonstration blew us away, we braced ourselves for the price.
When they told us the price we thought they were joking. We had previously reviewed
6 other packages, all of which cost $50,000 to $150,000, and we still didn't like
the features as much. Replicon's Web Timesheet (the main application) is just $90
per user, and it's a one-time fee. Then there's a $1500 fee for using the SQL Server
version, a $2000 fee for the ProMax reporting module, and support, which is 20%
of the total purchase price. Replicon's solution only cost us $6,360, bringing the
price performance comparison head and shoulders above the competition."
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