Replicon achieves 150,000 user license Milestone

June 15, 2000, Calgary, Canada – Replicon Inc. announced today that 150,000 employees of organizations worldwide, including Global 2000 companies, are using Web TimeSheet Essential and Professional, its market-leading web-based time and expense management solutions.

"We are pleased that companies around the world are continuing to rapidly adopt our Web TimeSheet products to improve organizational efficiency and provide employee satisfaction," said Raj Narayanaswamy, President and CEO of Replicon. "Since Web TimeSheet works with a company's existing infrastructure, our clients experience fast deployment and rapid return on investment."

Replicon's customers are replacing paper-intensive processes with Web TimeSheet to improve administrative efficiency for employees who enter time, supervisors who approve timesheets and payroll managers who need to manage the entire process in a cost effective manner.

Exchange-America.com, a business to business e-commerce company handling application transactions online for financial service companies, recently joined Replicon's list of clients who are enjoying the benefits of gaining organizational efficiencies using Web TimeSheet. "After only a few weeks, Web TimeSheet has made the process of tracking time to projects and tasks much more effortless, improving productivity company wide," said Joletta Pekari, Human Resources Manager, Exchange-America.com.

Replicon's licensed user base has grown from 30,000 last year, to 150,000 today. Over 300 customers, in 25 countries have adopted Web TimeSheet in their organization to increase efficiency, improve productivity, reduce errors and decrease costs.

 

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About Web TimeSheet
Web TimeSheet is a fully web-based time and expense management solution designed to streamline payroll tracking, project management, and client billing processes. Since Web TimeSheet runs on the corporate intranet it leverages investments in existing technologies and allows users secure access anywhere, anytime. Flexible report capabilities give Project Leaders, Payroll Managers, CFOs and CIOs instant access to relevant information for planning and decision-making.

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