Achieve Complete Time Accountability to Improve Labor Costs and Global Labor Compliance
REDWOOD CITY, Calif. and LAS VEGAS, Sept. 11, 2018 /PRNewswire/ – Replicon, the Time Intelligence® company, pioneering a new way for businesses to think about time, is putting its unique Time Intelligence® Platform on display this week at the HR Technology Conference & Exposition, at The Venetian in Las Vegas.
Replicon will showcase how its Time Intelligence® Platform offers a unified solution, with the configurability and scalability for businesses to solve varied scenarios around global compliance, complex gross pay, and managing an increasingly mobile workforce.
Most global organizations have solid gross pay implementations for their largest regions, but use a variety of outsourced and ad hoc solutions to handle the rest. As a result, successfully navigating local compliance in these smaller regions can be complex and expensive. Dealing with the smallest 20% of regions can often take 80% of efforts to achieve global time and payroll visibility. Replicon solves these challenges with its Global Time and Gross Pay Automation solution, a unified, scalable system to easily manage global time and attendance, time off, gross pay, and wage and hour compliance. With a prebuilt compliance library of more than 60 countries across the globe, Replicon is uniquely equipped to serve global businesses. Over-the-air updates, real-time monitoring of rules, and compliance dashboards make the compliance capabilities truly world-class.
“Getting a unified view of their global workforce is critical to any business. We often hear customers describe how they struggled to make their complex, global setups work with local vendors and manual processes, and how the whole process became completely unmanageable,” said Raj Narayanaswamy, Co-Founder and Co-CEO of Replicon. “Replicon’s platform has helped them streamline the process and enable complete visibility into their employee hours, time off, gross pay, and compliance. They are now 100% accurate with their global payroll, which gets a direct feed of gross pay from Replicon.”
Complex Gross Pay
The complexity around gross pay increases when businesses must contend with unique requirements like unionized workers or collective bargaining agreements (CBA). Due to the specific nature of the agreements, organizations are left with two choices: customizing their entire time management system or attempting manual processes for each one. The value for either is short-lived – businesses either repeatedly spend exorbitant sums on customization, including each subsequent change in the CBA; or consistently struggle with cumbersome, error-prone manual workflows. Replicon’s configurable platform helps build these bargaining agreements into the product so that they are automatically applied to the gross pay calculation. With no customization involved, managing change is then fairly simple.
Today’s constantly changing workforce dynamics – including progressively more mobile and remote employees – further complicates the gross pay and compliance process for businesses. Antiquated methods such as manually tracking employee time and attendance, or painstakingly managing schedules in Excel, are both major hindrances to growth. Manual processes are not only susceptible to inaccuracies, but place a huge administrative burden on HR/Payroll teams, and fail to provide visibility into productivity and job costs. Replicon’s Time Intelligence® platform helps businesses consolidate processes for recording time, job costing, and managing field employee productivity. The platform makes time management unobtrusive with a modern mobile interface and advanced technologies like face identification, intelligent time clocks, and chatbots. Businesses can gather detailed data about activities and jobs performed, as well as associated costs and locations. Intelligent scheduling helps manage employee balance, availability, productivity, and costs. An out-of-the-box compliance library ensures labor compliance with continuous updates. Businesses are able to reduce costs, maximize margins, and optimize cash flows.
Replicon, the Time Intelligence® company, has over 20 years of industry leadership and is pioneering a new approach to time management. Time Intelligence® elevates time as a strategic asset within an organization, to improve operational productivity, performance, and profitability. Replicon’s Time Intelligence® Platform offers solutions for global time and gross pay compliance, enterprise time management for ERP, professional services automation, and an SDK for continued development – expanding the company’s award-winning portfolio of cloud-based products, including complete solution sets for client billing, project costing, and time and attendance. Replicon supports thousands of customers across 80+ countries, with over 400 employees around the globe including the United States, Canada, India, Australia, and the United Kingdom. To learn more, visit www.replicon.com.
Media Contact: Dan Capawana
Resound Marketing for Replicon
(609) 279-0050 x109