Release

Time-tracking application developer Replicon released the latest version of its time-tracker app, offering built-in compliance and business analytic metrics to better measure company performance and provide data-based decision-making capabilities.

The latest release from Replicon includes an updated user experience that combines a role-based approach with a more intuitive design to streamline the process and increase user adoption, in-context analytics that deliver real-time insights to users at the point of decision-making and resource management to help organizations find and assign resources to the right project for improved productivity, utilization and capacity planning.

In addition, an expanded project management footprint provides additional capabilities to manage clients, programs and service practices and the application offers improved compliance and governance with built-in business rules and validations, including whole new categories of functionality, such as integrated resource management.

“Today’s distributed workforce requires an easy-to-use solution that can be accessed anytime and anywhere. The time-tracking process has to be smooth and efficient,” Keri Brooke, vice president of product marketing at Replicon, said in a statement. “Replicon is in the cloud, which breaks down time-tracking data silos, and gives workers the ability to enter time on any device, any time. We’ve removed the burdens of legacy timesheet tracking. Customers have an optimized and modernized process. They can remain compliant. And they can open doors to increased profits.”

A recent survey conducted by Replicon and Dimensional Research found interesting issues raised by 432 professionals who have responsibility for employee time tracking. For instance, a whopping 96 percent said that employees make mistakes tracking their time.

In addition, 87 percent of companies surveyed reported challenges with their current approach to time tracking, including half of users who said they don’t like entering their information, nearly one-third (32 percent) who feel the current approach lacks visibility and insight into resource usage, and just under one-quarter (24 percent) reporting issues with meeting compliance requirements or other problems.

“Time is the most important enterprise asset,” Raj Narayanaswamy, co-founder and co-CEO of Replicon, said in a statement. “Companies must have the right process in place for tracking and managing time. They need true visibility into how time is used across the organization. And they need to more tightly manage compliance. We built this new release of Replicon with these needs in mind. Companies will get the right transparency they need to maximize team efficiency. They can remain compliant with the ever-expanding financial and labor regulatory requirements. The result when using Replicon? Companies become truly modern organizations where time is managed as an enterprise asset.”

According to a report from the Robert Half Agency and the American Payroll Association (APA) released earlier this year, manual time tracking causes computation errors that cost between 1 percent and 8 percent of a company’s annual gross payroll. Moreover, the single largest line item for most employers is people-related costs (typically 40-60 percent of budgets).

Original Source: eWEEK

get-started-today

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

Start Free Trial

Global Compliance Desk – Japan

Global Compliance Desk – Japan

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
Understanding time mapping and how it helps boost productivity

What is Time Mapping?

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
5 Ways to Improve Service Delivery in Your Organization

5 Ways to Improve Service Delivery in Your Organization

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
consulting industry disruption AI

Will AI replace consultants?

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
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
  • 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