Replicon announces launch of Web TimeSheet 5.1 its market leading Timesheet and Expense Management Solution

Calgary, Alberta, Canada – (October 9th, 2003) – Replicon, the world leader in web-based timesheet and expense management software, announced today the release of Web TimeSheet 5.1. Web TimeSheet enables organizations to get a quick return on investment (ROI) by enabling deployment in 2-3 days, increases timesheet adoption through a simple, intuitive interface, provides visibility into project and resource performance, improves future project estimates, and accelerates billing cycles.

“As the established leader in the corporate timesheet and expense management market with over 750,00 users worldwide, Replicon is committed to drawing on its experience to anticipate the current and future needs of its clients and the market,” says Raj Narayanaswamy, Chief Executive Officer of Replicon. ” Our customers want a solution that their employees would adopt easily and therefore would deliver them quick return on investment. By listening to our customers the release of Web TimeSheet 5.1 not only delivers new functionality but a solution that is even more intuitive to use, easy to deploy providing customers immediate return on investment (ROI). Web TimeSheet 5.1 delivers the industry’s best breadth and depth of functionality combined with a very simple, easy to use interface that will greatly increases the value of our application to our customers and their employees.”

Key new features and enhancements to Web TimeSheet 5.1 include:

Simple, intuitive user interface
Enhanced look and feel to increase usability and eliminate user adoption.

New User Grouping Module
A highly flexible module that allows you to group users into any category to reflect the way your business operates and to report by any group.

More Approval Paths to Choose From
Select up to a 5 level approval hierarchy and from over 80 different approval paths.

More Powerful Reporting Engine
Additions have been made to the reporting area of Web TimeSheet that helps enhance the powerful analyzing capabilities of the application.

Improved Time-off Accruals
Users have the option to now see their time off tracked in hours instead of days.

Improved Offline TimeSheet module
To increase the flexibility of Offline TimeSheets we have included several new enhancements.

QuickBooks Module Enhancements
The Web TimeSheet QuickBooks Integration module now allows for the option to directly integrate into the QB Client Invoicing module. More detailed mapping and increased filters for data selection have also been included in this new release.

Expense Date Validation
When users enter expenses, the incur date is validated against the project to ensure expenses are not incurred outside the allowable expense dates set within the project, improving project tracking capabilities.

For a full list of new features and functionality visit the “What’s New” section of the Replicon website.

Replicon products include Web TimeSheet and ProMax. Web TimeSheet is the established market leading solution in automated timesheet and expense management, with more than 750,000 global users at companies including HP, Compaq, AT&T Wireless, Sony Music, AC Neilsen, Jockey International and Charles Schwab. The product provides organizations with an easy, cost effective way to allow users to enter time & expense, improve data accuracy, eliminate redundant data entry, provide visibility into project and staff performance, compress billing cycles and streamline time-off tracking. ProMax works with Web TimeSheet to provide the quantitative productivity information and analysis needed to measure and manage productivity as it relates to bottom line profits.

Replicon’s products are available for purchase and easy download at Replicon’s web site at replicon.wpengine.com.

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