Nov 18, 2011 (Close-Up Media via COMTEX) — Replicon announced it has introduced CloudClock, a cloud-based time clock.

When combined with the company’s web-based time and attendance application, Replicon said the CloudClock provides a unified cloud solution that eliminates the hassles and overwhelming expense of managing traditional time clocks.

According to a release, 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 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.

“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 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 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 is a provider of Software-as-a-Service-based time and expense tracking software.