Calgary, AB – October 2, 2007 — Replicon Inc., the world leader in timesheet productivity software, today introduced a new and valuable means of communication in its industry with their Project Software "Industry Articles" section. Companies now have a way of keeping on top of the latest news, products, potential competition and even threats to business and productivity. The latest of which inform companies that fantasy football fanatics and Facebook-aholics may be costing your business endless thousands of dollars if their use is not regulated.
Recent studies show that businesses lose a whopping $1.1 Billion dollars to the fast-growing 36.8 million fantasy football players each week for the duration of the 17-week NFL season, totaling an incredible $18.7 Billion dollars every year. Facebook is costing the Australian economy alone an unparalleled $5B per year for every one employee in each of the 800,000 Australian businesses who spends an hour a day on the social networking site. These are just two of the proven productivity drains available to employees via the Internet. For more information and to read the full articles and statistics, visit Replicon's project software section.
Effective communication and the ability to share mission-critical information is key in the success of any business. Other articles currently provided in the new industry articles project software section include the importance of submitting timely timesheets. Timesheets are a very necessary tool if your business invoices clients for billable work. It is critical that the timesheets are completed, accurate and on time. This ensures no corrections are required, saving the company in administrative hours. When timesheets are submitted properly, the invoicing cycle can commence on time and your business is more likely to get paid sooner for the completed work, keeping the company's cash flow on track.
"In only a matter of days, this new area of our website has proven itself quite valuable as we have acquired a multitude of readers and article downloads", said Raj Narayanaswamy, CEO of Replicon, Inc., on the fast success of the program. Replicon's next step is to implement an RSS feed where subscribers can sign up and instantly receive these articles directly to their inbox on a regular basis.