​How to Make a Profit during a Recession 

Economic decline can mean hiring freezes, reduced hours or even layoffs for many businesses, making peak efficiency difficult to sustain. A web-based project tracking solution can increase workplace productivity by accurately tracking hours towards a project and by shortening billing cycles.

Accurate time tracking against projects is an important element in maintaining high levels of efficiency. Are people spending too much time in meetings and not enough time getting work done? An electronic time tracking solution is a simple way for employees to document the amount of time spent on various tasks towards their project.

Replicon’s Web TimeSheet is timesheet software that offers numerous standard reports and the ability to create customized reports, and is an unparalleled resource for maximizing employee productivity. By knowing what employees are spending their time on, management can determine which company practices to optimize.

Manual timesheet practices can mean lengthened billing cycles, delayed payments, and  deferred project starts while organizations anticipate the funds needed to generate new revenue. Implementing a project and time tracking software solution allows the billing cycle to be shortened and accounts receivable processes to be streamlined, keeping the door open for profitable new opportunities.

For the Safety Research Corporation of America (SRCA), time and expense tracking was slow and painful, involving a tedious data entry routine and a long paper trail. Managers and clients could not view project information or determine whether projects were being completed on time and within the budget very easily. After evaluating over 20 different time sheet solutions, SRCA decided Web TimeSheet was the natural solution because it offered the richest features, the greatest configurability, access to real-time data, integration capabilities, and was fully DCAA compliant.

Through Web TimeSheet's ease-of-use and intuitive design, SRCA successfully deployed Web TimeSheet in less than 5 days and had everyone fully trained within half a day.

Time and project tracking software, such as Replicon’s Web TimeSheet, offers a simple way to increase overall workplace efficiency.

Web TimeSheet Project & Billing is project tracking software that simplifies client billing for projects.

Web TimeSheet Time & Attendance is time software that allows managers to track employee time and manage time off requests, eliminating opportunity for abuse.

These two editions can stand alone or be fully integrated to provide a comprehensive time and expense tracking in a single solution.

Declining economic activity leads to tightened budgets and limited spending. Staffing cutbacks are often undertaken in an effort to stay afloat. Despite these efforts, inefficient time tracking and billing can result in unnecessary costs. By implementing a time and expense tracking solution, organizations can maximize workforce productivity and prosper in the face of economic hardships.

Replicon, Inc. offers rapid service release cycles of their employee time tracking software to ensure your feedback and ideas are translated into the kind of simple-to-use, indispensable timesheet and expense solution you've always dreamed possible.