Companies
According to a 2009 Expedia study, less than half of Americans plan to use all of their annual vacation time. At first glance, this may seem like a good thing for the boss, but in reality, these businesses are left liable to pay out unused vacation should employees quit. If this vacation time hasn’t been accurately tracked, a quitting employee could cost more money than it should

This is just one example of how accurate time, expense, vacation and project cost tracking is crucial to keeping small businesses in strong fiscal shape. Some small businesses rely on error-prone Excel spreadsheets while others rely on cumbersome software programs. With many entrepreneurs working outside the “office” and beyond 9-5, easy-to-use time management methods that can track billable hours against multiple projects are essential.

“When you are tracking vacation time, you can see who’s going to be away and if you are able to meet client expectations,” said Lakshmi Raj, co-founder of Replicon.

For more than 10 years, Replicon has enabled 7,800 companies of all sizes in over 70 countries to maximize profitability and productivity by providing solutions of timesheet software that track time and expenses for attendance, payroll, project costing and client billing. The market leader in SaaS based time and expense software, Replicon is taking the mundane task of time tracking and making it hassle-free.

“You can increase your cash flow because billing is faster,” Raj said. “This leads to increased customer satisfaction and the ability to do projects with less resources.”

Replicon offers five different suites for enterprises to choose from: project and billing, time and attendance, business expenses, employee schedules, and research availability. A new customer can start with one, all five, or somewhere in between. The point is that all the resources are available as your company’s needs change and grow, giving business the opportunity to grow with Replicon.

“[Replicon] helps you to improve your productivity and profits,” Raj said. “You can easily see what’s happening today and which projects are being completed for who.”

A small business that has been successful with Replicon’s productivity solutions is mobile payment company Obopay. Obopay chose the Web TimeSheet in August 2008 for its ease of use, straightforward interface and its ability to be integrated with Obopay’s accounting software. Since Obopay was still only a few years old at the time, the scalability of Web TimeSheet was also a key factor – it would have to expand as the company grew.

Since using Replicon, Obopay has been able to:

  • Train employees in only one hour.
  • Back up its accounting figures with accurate data on employee time and projects costs.
  • Use SaaS to have employees can enter their time into a single system, regardless of their location around the world.
  • Easily compare costs between its development teams in the U.S. and India.
  • Use customizable reports that enable better analysis of department productivity.

 

With successes like these, Replicon is moving forward with its services. The company is planning on releasing a mobile version this quarter, where small business owners don’t even have to be on a computer to access the systems and to track projects. It will also help in keeping better track of that vacation time, so no one is taking more than his/her fair share at the expense of the business.

 

Source: SmallBiz Technology

get-started-today

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

Start Free Trial

Global Compliance Desk – Poland

Global Compliance Desk – Poland

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
employee working on laptop

What Is Time Off in Lieu (TOIL)?

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
Unlock-Maximum-Value-Post-M&A--

How Time Tracking Can Fuel and Serve as a Catalyst Post M&A

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