Web TimeOff 1.6 Brings Businesses Heightened Functionality

Calgary, AB (May 15, 2006) – Replicon, Inc., the corporate time and expense tracking vendor of choice for businesses, today announced the release of Web TimeOff 1.6, its enhanced web-based employee time off tracking solution. Businesses use this simple, easy-to-use tool to automate employee time off processes. Web TimeOff is the industry leading, integrated enterprise solution designed for charting employee punctuality, absences and productivity.

Significant new features to Web TimeOff 1.6 include expanded import capabilities and export functionality, Windows NT authentication support, and cost data reporting for time off balances.

Web TimeOff hosts a robust, built-in recording functionality that many Replicon clients rely on. Its user-friendly interface eliminates time off errors and abuses resulting from error-prone manual processes and paper trails. Web TimeOff features real-time calendar views, configurable and flexible usage and snapshot reporting.

“One major challenge we were facing was just how quickly our company was growing and how difficult it was becoming to accurately track peoples’ time off,” said Erica Berg, human resources administrator for Deerfield Capital Management LLC in Chicago, USA. “The responsibility ultimately relied on one person receiving time off requests via email and plugging these days into a spreadsheet-but the only thing being tracked was vacation time-no sick days, personal days, jury duty, etc. Beyond that, compliance of people actually notifying HR of days off was not perfect by any means.”

At Deerfield, there was one person who entered data into a spreadsheet and then manually calculated accruals and balances. This prompted a search for an automated time off software. Deerfield chose Replicon’s Web TimeOff for a number of reasons.

“At first, it was because of the ease of the program-being able to use and explore a sample version was great because we found out quickly how user-friendly, simple, and helpful Web TimeOff is,” explained Berg. “After that, it was because my sales representative was extremely knowledgeable, helpful, cooperative and friendly while going through the process of purchasing and implementing the software.”

With Web TimeOff, employees at no longer have to ask “how much time do I have left?”

For a complete list of features and benefits of Web TimeOff 1.6, visit:
Here

***

About Deerfield Capital Management LLC
As a subsidiary of Deerfield & Company LLC, Deerfield Capital Management LLC (DCM) is a Chicago-based investment manager offering a diverse range of alternative fixed income strategies to institutional investors. Since 1993, DCM has been providing asset management services for various types of collective investment funds, including government securities, investment grade debt, asset-backed securities, bank loan portfolios and other fixed income asset classes. For more information, visit: www.deerfieldcapital.com

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