As technology is advancing and growing exponentially, every organization is tasked with a decision to either transform or go extinct. And the accelerated transformation has consistently served as a guiding push in the evolution – from a traditional business model to a modern valued business. In today’s times, it is no more an afterthought.
To remain competitive and pertinent, it’s crucial for companies to begin and take an accelerated approach towards their journey of digital transformation. It is essential to tune your business when your company may be at the slipping point – silos from team to team, cumbersome processes, and tracking challenges. However, remember success will come to the businesses that ensure they are skilled enough to stop digital disruption when it snaps at them. You need to streamline processes and procedures at the right time, but if you’re unsure about whether taking such a big step and changing the path your organization works as of now is worth the undertaking, then we’re here to help you.
As you must have noted in our last two blog posts, how together with Replicon, the large IT enterprise weaved digital transformation into every fabric of their company. We will now discuss how the accelerated transformation benefited them and resulted in outlasting their competitors during the digital age amid the pandemic.
One Company, One Platform
The leading American end-to-end IT services provider and a Fortune 500 MNC with over 130K employees decided to buy software rather than build a new one from scratch. It would have taken them over two years to design and develop with considerable IT resources and subject matter expertise.
Instead, Replicon helped them create a single source of truth with a global time tracking platform by eliminating their legacy and fragmented technology landscape. The step to move to a more automated, intelligent process to capture and process time not only enabled the organization to spend more time focusing on their customer engagements but also reduced their operational costs by uncoupling time tracking from their ERP systems.
Unlock More Value for Business
Achieving a single source of truth for time with Replicon’s time capture rollout was a part of a broader cloud transformation journey. They attained real-time visibility into projects, time, compliance, and resources, accelerated operational excellence and profitability across the organization.
Implementing a new friction-free and integrated platform proved significant and brought major value to the large organization across projects, costing, billing, leaves, and payroll. In addition, the ability of the single platform with flexible workflows helped them achieve data standardization across multiple systems and met local business requirements related to payroll and compliance.
Now their employees can use timesheets on the go using mobile time capture, leading to a more engaged and productive workforce. The built-in compliance rules engine automates pay calculations and ensures compliance across multiple collective bargaining agreements across various countries. There is multi-currency and multi-language support with global governance capabilities where the organization has a presence.
The integrated platform with plug-and-play integrations to multiple SAP environments and Workday offered speed of delivery and seamless integrations within the entire large organization’s ecosystem. In addition, the new integrated landscape enabled them to optimize their business processes, minimize inefficiencies and eliminate error-prone manual operations.
Path to Benefits – One Single Platform
Replicon’s time intelligence platform empowered the large organization to implement their forward-thinking processes and design a single platform that helps them view their global employee time in a centralized manner. Here are some of the significant benefits they have gained by investing in an out-of-the-box platform:
Increased Transparency with Global Governance and Local Optimization
In making any business decisions, the importance of data cannot be underrated. If any organization has transparency and governance, their road to a higher ROI will become much easier and manageable. And one of the most significant advantages of digital transformation is the ability to track metrics and evaluate accurate data. These insights allow the organization to optimize its strategies and processes faster for the best results. It’s only possible to make considerable changes to costs and revenue by integrating accurate and real-time data-based insights into the organization.
With Replicon, by their side, the large enterprise could do all this. Using the enterprise-ready global time tracking platform, the organization gained increased transparency and accountability. They also saved millions of dollars in operational savings by eliminating 20+ stand-alone applications and improving their investment return.
Streamlined Billing with Accurate Project Time Data
In business, accurate data and streamlined processes give the ability to constantly improve and develop quickly, specifically about digital processes. This allows the workforce to remain positive and involved without feeling exhausted or disjointed from the company.
Using Replicon’s comprehensive dashboard and custom reports, the business leaders and senior executives of the large enterprise got real-time visibility into their employee time. As a result, employees could submit their timesheets as soon as they complete their projects. The finance team can also instantly receive the approved timesheets and quickly raise invoices. This has improved their billing cycle and helped the leader make better decisions.
Improved Flexibility and Scalability
Breaking free of restricted legacy systems and leveraging a modern, scalable platform is the key benefit of digital transformation. If current business processes are based on legacy and manual technology – it just creates bottlenecks. Furthermore, manual processes neither scale nor are flexible as per employees’ or organizations’ needs.
Therefore, transforming businesses to operate digitally allowed the large organization to become more responsive to innovations and trends in the current market. The data is no longer getting ‘siloed’ within the department or operation. For example, all the teams within the organization can now understand all the relevant metrics, which is giving them a competitive synergy. They have become a single collaborative force and are more focused on success than ever.
Modern, Mobile Interface for Improved Employee Experience
Everyone wants valuable solutions to their problems, and they want it fast. The experience of employees is at the heart and soul of digital transformation. As a result, the central focus of digital transformation is having a technology that improves the experience first.
And same happened with the large organization, moving to a single integrated platform with a modern UI helped them eliminate the fragmented employee experience. Compared to before, when every employee used 2-3 tracking systems to track time, simplifying it to a single UI was a big differentiator. In addition, the pre-configured templates, automated approval workflows have resulted in a more productive workforce as the manual workload has decreased.
Lower Cost of Managing and Monitoring Payroll Compliance
With the increase of cyber threats from 2020 to 2021, businesses need to be alarmed and awake all the time. Unfortunately, cyberattacks are never going away; attackers have only become more active, plus the amount of data circulating is only increasing.
It is crucial to protect your organization from today’s vulnerability and ensure business continuity. Even a tiny network breach can result in the loss of millions of dollars and have a devastating effect on the already completed work.
It is only by staying up to date with the latest innovations and ensuring you have a complaint system in place, you can be assured that data of your company is protected. With a single source of truth for the entire organization, the large organization has minimized the compliance burden with the number of systems and points of manual intervention related to compliance across various countries. The organization has also reduced audit costs by providing evidence of continuous compliance.
Begin Your Accelerated Digital Transformation Journey
So, is your organization ready to change? It’s time to begin the journey of digital transformation. Check out our page if you want to learn more about the advantages of unifying enterprise time tracking for your organization?