Building vs. Buying – Making the case for adopting leading edge time tracking software

Building vs Buying

There are many reasons why companies prefer building software solutions in-house and most often they usually end up over-estimating their capabilities.

Outlined below are some common fallacies which lead companies to build their own solutions:

  • The need to make ‘full use’ of their technology professionals since they are already being paid a salary. The thinking here is that employee-built solutions are a better option for the company since ‘they know the company best’.
  • The notion that ongoing maintenance and support will be ‘free’ if done in-house, not realizing that software needs constant updating and attention and that even the slightest change in the usage pattern could reveal a bug which could cause major issues.
  • The belief that they are able to maintain back-up and restoration, not realizing that cloud-based (SaaS) providers have invaluable expertise in keeping their infrastructures available and running, ensuring zero risk of data loss at very affordable prices.
  • The lack of understanding of per person per-project productivity (cloud-based providers can offer this)

 

It makes sound business sense for a company to focus its IT resources on activities that support its core competencies and not get distracted by re-inventing the wheel. Therefore, the conclusion to this argument would be – unless a company has a unique offering or process – there is really no need to build a SaaS product from scratch …especially in the world of cloud-based timesheets.

Replicon’s hassle-free, cloud-based timesheets are far superior to any in-house time tracking solution. This is due to constant updates, the strictest security standards, seamless upgrades and maintenance, and much, much more. Replicon’s 1.5 million users worldwide would be hard-pressed to build a solution that will come close to what they currently enjoy.

Replicon has invested a great deal to ensure that nothing comes in the way of making its clients more efficient and productive. An in-house solution would find it impossible to do the same.

Avatar
ABOUT THE AUTHOR
Replicon
Replicon provides award-winning products that make it easy to manage your workforce. With complete solution sets for client billing, project costing, and time and attendance management, Replicon enables the capture, administration, and optimization of your most underutilized and important asset: time.
Get started today.
Set up a free trial based on your business needs. Start Free Trial

Common Administrative Challenges with Timesheets and How to Solve Them

There aren’t many people who enjoy sifting through a mountain of paperwork. If you haven’t yet found a reliable time tracking software solution, dealing with the hassle and headache of…Read More

How a Shared Common Data Platform for Project Management Can Create Harmony Across Business Teams

Today, professional services firms use some combination of ERP, CRM, HRIS, PPM, or other software along with their PSA solution. These systems serve different purposes, host different and overlapping data,…Read More

6 Ways to Simplify Remote Resource Allocation and Why It Matters

When you’re an enterprise operating at a global scale with a team of employees working from home, one of your major concerns is proper resource allocation. When it goes wrong,…Read More

Using shared services? These five technologies are a must

As organizations continue to scrutinize operating costs and look for areas to drive efficiencies, shared services centers (SSCs) are a no-brainer. The concept of a multi-function SSC has been around…Read More

Miscalculating wages by a few cents led to this company paying a six-figure lawsuit

West Marine Products, which operates a chain of retail stores across the United States specializing in boating supply and fishing equipment, recently settled a class action lawsuit involving 707 former…Read More

Employee time tracking is dead

iBeacons, Bluetooth Low Energy, Proximity sensing and the obsolescence of time tracking as we know it. Businesses have to track the time their employees work for a variety of reasons,…Read More
  • Polaris
  • Time & Project Insights
  • Time & Projects Solutions
  • Replicon Products
  • Replicon Users
  • Cloud
  • Corporate
  • Professional Services Management
  • Shared Services Management
  • Time and Attendance Management
  • Customer Feature
  • Time Intelligence
  • Industry News
  • Global Compliance Updates