Replicon Participates in North American Shared Services Week

North American Shared Services and Outsourcing Week

North America’s largest and best-attended shared services networking event proves to be a successful platform to talk about Replicon’s solutions.

Last week, Replicon exhibited at the North American Shared Services & Outsourcing Week in Orlando, which welcomed more than 800 senior shared services and outsourcing executives for four days of seminars, information-sharing and networking sessions. Replicon hosted a booth at the show and spoke with potential customers about its new solution for shared services organizations, which addresses the needs of cost aggregation and analytics across enterprise shared service centers.

Today’s shared services organizations must rely on a roll-up of project cost data from various sources as they account for costs. The process of transfering cost data into the master accounting system results in a loss of important granularity, such as who provided the service, what service was provided and who consumed the service. They have no accurate view into the cost of services delivered across multiple internal clients, and it becomes difficult to manage and approve various service requests. At the same time, business leaders have zero visibility into the costs consumed by specific teams, and no detail about what services were used.

With no global visibility into services delivered by various service centers within an organization, there’s no way for an enterprise to allocate costs effectively.

Replicon’s new offerings targets these pain points, providing detailed cost analytics and request management by automatically aggregating service costs from various data sources, providing summary cost analytics and enabling business managers to drill down to understand and analyze specific costs at the service-level.

“Our solution provides access to both summary and detailed cost data for managing IT chargebacks and empowering internal clients to monitor the services delivered,” said Raj Narayanaswamy, CEO of Replicon. “Replicon takes the pain out of managing employee hours, expenses and other project costs, so you can keep your internal clients informed and manage their expectations.”

There is more exciting news to come, so stay tuned for additional announcements about Replicon’s shared services offerings.

ABOUT THE AUTHOR

Caroline Kawashima

get-started-today

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

Start Free Trial

four technologies for shared services

Using Shared Services? These Four Technologies Are a Must

In a highly competitive market, service-based businesses need to capitalize on any opportunity to set themselves apart from their (often very similar) competitors. While implementation, system details, and service management… Read More
3 Ways to Manage Unprofitable Clients

3 Ways to Manage Unprofitable Clients

The onset of AI and smart machines automating formerly-human jobs has been discussed at length as of late -- often in relation to manufacturing and manual labor jobs. And yet,… Read More
utilize-resources-efficiently

How Organizations Can Save Resources and Become More Efficient

Time magazine labels the millennial generation the “most threatening and exciting generation,” infamous for “narcissism [and] its effect: entitlement.” In the workplace, the perception of the millennial workforce is no… Read More
Demystifying the millennial workforce: 5 tips from Trunk Club’s Andrew Anderson Devine

Demystifying the millennial workforce: 5 tips from Trunk Club’s Andrew Anderson Devine

Time magazine labels the millennial generation the “most threatening and exciting generation,” infamous for “narcissism [and] its effect: entitlement.” In the workplace, the perception of the millennial workforce is no… Read More

Time and Attendance Orientation Guide

In a growing business, the day will eventually come when managing time and attendance on paper becomes both inefficient and risky, especially when trying to balance things like overtime, paid… 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
  • Polaris
  • Time & Project Insights
  • Time & Projects Solutions
  • Replicon Products
  • Replicon Users
  • Enterprise Time Tracking
  • Thought Leadership
  • Cloud
  • Corporate
  • Professional Services Management
  • Shared Services Management
  • Time and Attendance Management
  • Customer Feature
  • Time Intelligence
  • Industry News
  • Global Compliance Updates
  • Others