Replicon Introduces CloudClock, the Industry’s First Fully Cloud-Connected Device for Tracking Employee Time

San Mateo, CA (Marketwire) November 15, 2011 – Replicon Inc. today introduced CloudClock, a first-of-its-kind, 100 percent cloud-based time clock. When combined with Replicon’s Web-based time and attendance application, the CloudClock provides a unified cloud solution that eliminates the hassles and overwhelming expense of managing traditional time clocks.

The Replicon CloudClock helps businesses that have traditionally been unable to leverage cloud-based solutions, or do not have the time and resources to evaluate complex and expensive traditional time clock alternatives. The Replicon CloudClock brings the power of cloud computing to the time clock, allowing employers to instantly validate time clock punches, ensure that time and attendance records are accurate and report compliance at a moment’s notice. Available for a flat price of $99 per clock, Replicon also provides continuously monitoring of the CloudClocks, eliminating the hassles, additional cost and downtime associated with repairs, maintenance and forklift upgrades. These features are vital to businesses that today are operating on slim margins and are dealing with weekly overtime hours that have nearly doubled in the past two years, according to Replicon research.

100 Percent Cloud-Based Solution Saves Money, Simplifies Time Tracking and Increases Compliance

The Replicon CloudClock simplifies the process of collecting of time and attendance data from all employees, whether at one location or multiple remote ones, and delivers the information in real-time to Replicon’s centralized, easy-to-use cloud-based application. The Replicon CloudClock offers a wide variety of benefits over traditional time clock solutions, including:

  • Simple, Elegant Interface: The Replicon CloudClock offers a large, full-color multi-touch screen with a built-in camera that captures employee punches. It can create a photo audit trail to discourage “buddy punches,” in which employees fraudulently punch in for a co-worker.
  • Easy Supervision: Managers can review, adjust and approve employees’ hours in real-time, improving compliance and ensuring greater payroll accuracy. A single Replicon CloudClock can support all types of employees, including those with different shifts, and longer or shorter work hours.
  • Hassle-Free, Automatic Upgrades: Free upgrades are done remotely by Replicon, eliminating the downtime and cost associated with having to forklift out and dispose of old time clocks and install new devices.
  • Maintenance-Free: Replicon monitors the clocks 24×7, 365 days a year to immediately address any problems. As a result, users do not need to purchase costly maintenance contracts and suffer downtime that is common with traditional time clock solutions.
  • Go Live Fast: The Replicon CloudClock can be installed and running in just days, as opposed to months, because it operates wirelessly and does not require any additional costly, proprietary wiring. It also is easy to set-up because administrators can control functionality of all time clocks, regardless of location, via Web-based configuration screens.
  • Simple Pricing: For $99 per month per clock, companies receive the CloudClock device, monitoring, maintenance and upgrades. No longer will businesses be forced to pay up to $12,000 for their hardware solutions, not to mention maintenance contracts fees that can add another 20 percent to the total cost.

“Today many companies are supplementing their workforce with additional hourly employees, requiring more overtime from existing employees and running multiple shifts each day, which makes it difficult to effectively manage time and attendance,” said Lakshmi Raj, co-founder and co-CEO of Replicon. “By leveraging the power of the cloud for time tracking with its easy-to-use and fully integrated CloudClock, Replicon is helping businesses of all sizes to collect employee time in a hassle-free manner, improve compliance and stay on budget.”

Replicon CloudClock’s advanced capabilities help businesses address the challenges and costs of maintaining traditional punch clocks and managing their workforce. In fact, Replicon research shows that with its cloud-based solution, compliance for submitting completed employee timesheets increased to 85 percent within three months. Additionally, payroll error rates declined from as high as eight percent to 1.9 percent within one year of implementing Replicon.

Replicon Productivity Index Data Shows Need for More Accurate Time and Attendance Solution

Strained by the sluggish economy, many businesses are hesitant to make new hires and, instead, seem to be relying on existing employees to work more overtime hours. According to the latest Replicon Productivity Index, which examined data from nearly 1,000 participating companies over the past two years, weekly overtime hours have increased 58 percent. Now more than ever, it is critical that companies have real-time visibility into the hours worked to ensure they are managing employee time efficiently and are paying them accurately too.

The Replicon Productivity Index also revealed that while employees are averaging more overtime hours, the average number of hours per week has decreased nearly 14 percent in the past two years — from 40.2 weekly hours in 2009 to 34.6 weekly hours in 2011 to date. Additionally, employees are taking more vacation time this year. Based on Index data, employees are on track to greatly outpace the number of vacation days taken year-over-year from 12 vacation days on average per year in 2010 to nearly 15 days off in 2011.

About The Replicon Productivity Index

The Replicon Productivity Index gathered data from over 3,000 users at nearly 1,000 companies from January 2009 through October 2011.

 

Get started today.
Set up a free trial based on your business needs. Start Free Trial

The Future of Project Resource Management in Professional Services

When it comes to PSA, automation is (literally) the name of the game. We turn to machine learning and AI to make our processes easier and cut down on the…Read More

If You Want Profitability, You Cannot Ignore Resource Utilization

After an enormously challenging year, professional services firms are trying to get back on track to achieve their growth and profitability goals. To do so, it has become more important…Read More

Reduce Revenue Leakage and Drive Efficiency in Professional Services

Imagine traveling in a boat that has a small hole at the bottom. The boat is slowly filling with water, and unless you do something to fix that hole, it…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

How Sarbanes-Oxley Impacts HR Departments

Ever since the Sarbanes-Oxley Act (SOX) was passed in 2002, following a spate of high-profile corporate scandals, companies have had to take a wide range of precautions to ensure that…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