For consulting firms, accurate and timely billing for services rendered—and prompt payments by clients—is a big contributor to their success. Many small to medium consulting firms still rely on manual processes when it comes to tracking time their consultants put into a project, collating invoices, and billing clients for completed work. These manual processes are time-consuming, inefficient, prone to errors creeping in, and are a hassle for both consultants and managers to use. These drawbacks contribute to delayed payments coming in from clients, and can also lead to client dissatisfaction if errors crop up.
With the US Department of Labor (DoL) stepping up enforcement of Fair Labor Standards Act (FLSA) violations in recent years, organizations of all sizes are paying a lot more attention to compliance with labor regulations. When the FLSA was passed, labor groups had leveled accusations that the new regulations were too soft on businesses, and didn’t go far enough to safeguard workers’ rights. Hence the DoL has been tough on violators to prove that it was treating violations very seriously.
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Replicon will be participating in the Concur Fusion Exchange at Washington, D.C. on November 13th. One of nine Concur Exchanges that are planned to take place across the U.S. and Canada, this event will be attended by hundreds of professionals from a wide range of industries.
Replicon will be highlighting Replicon Concur Connect, a cloud-based, turnkey integration that enables companies to leverage the unique time-saving strengths of both Replicon and Concur. The solution unifies time and expense data in a single view, giving managers real-time visibility into all expenses and time by project and client. Replicon Concur Connect eliminates confusion, saves time and money, and delivers the insight that managers need to make informed business decisions throughout the project lifecycle.
In addition to all the usual laws and regulations, organizations of all kinds must also be compliant with labor regulations applicable to their jurisdiction. Compliance is a major challenge for most organizations today, and the inability to adhere to these can lead to major financial repercussions, adverse publicity and strained relationships with employees, top management and/or labor unions.
Replicon held its first UK User Group meeting on October 23, 2013 at the Hilton London Paddington Hotel. The event was well attended by several Replicon customers, including Charityshare Ltd., Gresham Computing, ITV Services Ltd., Overseas Development Institute C/O FD Systems, and Xoomworks.
As notebook computers, smartphones, and tablets increase in popularity at workplaces around the world, the BYOD (Bring Your Own Device) phenomenon continues to grow. Progressive IT policies around BYOD in recent years ― no doubt a result of the belt-tightening that many organizations had to undergo ― are enabling companies to cut down their spending on hardware, software, and applications to run on them.
Business applications are indispensable in today’s enterprise landscape. They help companies manage supply chains, handle accounts, perform marketing and support functions, and provide HR and Payroll administrators with the tools to do their job efficiently — to name just a few uses. Organizations that rely on these solutions usually have to pay annual maintenance fees, which cost about 17–18% of the original cost of the software licenses themselves. These periodic fees generally cover updates, security patches, new features and other improvements, and have escalated in recent years to as high as 22%.
SaaS is a modern business model for application software. A vendor who is invested in on-premise, hosted, and SaaS models cannot commit to providing all the benefits of a true SaaS model due to conflicting revenue models. Their resources are going to be spread thin supporting multiple versions rather than driving innovation. Additionally, if the vendor makes the majority of their revenue selling on-premise software, it will be very difficult for them to fully commit to a true SaaS solution since the majority of their resources will be allocated to supporting the on-premise software. Even if they do support multi-tenancy, their SaaS customers may have to wait several years for a new version if the hosted solution is constrained by the release schedule of the vendor’s on-premise product.
Replicon is the leader in cloud time tracking applications. We help more than 1.5 million people in companies of all sizes better manage workforce attendance, projects, shared services resources and professional services organizations.
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What Our Customers are Saying
With Replicon’s TimeCost, we're clearly making better decisions in terms of allocating resources, job costing and setting job pricing as we take on new projects.
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Replicon gives us timely, accurate time off information that our executives can use to assess our PTO liabilities.
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