Why Upgrade When You Can Get a New Solution for Less?

Manage the Workforce

Economic and political uncertainty has had a big impact on business. Companies are more cautious than ever, and the way they operate has changed in recent years. Maintaining a lean balance sheet and optimizing cash flow has forced most organizations to limit capital investments and instead fund projects from operating budgets whenever possible—a practice that has led to many choosing managed services over on-premise software.

Additionally, businesses must do more with less, and one smart way of doing so is using time tracking software to better manage the workforce—a company’s most valued resource. Delivered as a service, time tracking solutions can provide insight into project progress and profitability, enabling companies to maximize resource utilization, trim fat, and operate more efficiently.

Cloud-based timekeeping software solutions help companies get started quickly and cost-effectively with a software-as-a-service (SaaS) delivery model. The combination of on-demand scalability and off-premise software and infrastructure management is revolutionizing the way businesses use and think of software.

Some resistance to the SaaS model still lingers, as supporters of “old-school” enterprise software hold out. But a quick examination of the old-school model reveals inefficiencies that can’t be overlooked: The need for customization during setup, long implementation cycles, and large capital expenditures are just some of the draw-backs. Upgrades are usually intrusive and complex, and although many companies think they can account for upgrades as an operating expense, in practice that doesn’t happen.

In some cases, upgrades are nearly as intrusive as the initial implementation, requiring extensive code rewrites to customize and integrate the new features with existing systems. This work puts companies back in the CapEx mode, spending money on development, implementation, and third-party consulting and support contracts. The only alternative is to stick with the old version of the on-premise software, which usually fails to meet the changing needs of the business.

These issues bring us to a critical question: Why upgrade when you can have a new SaaS solution that delivers state-of-the-art features over the cloud, allowing you to categorize the investment as an on-going operating expense? A true SaaS solution provides many advantages over traditional on-premise or hosted software solutions, including:

  • Ease-of-Use
  • Configurability and quick implementation
  • Free, automatic and regular upgrades
  • Free performance monitoring and maintenance
  • Guaranteed uptime
  • Security standards
  • Flexible Integrations

As businesses begin to understand the many benefits of SaaS, they’re abandoning the on-premise software model in favor of more efficient, more affordable cloud-based time billing solutions for their mission-critical business systems. Time tracking is a great place to start.

Vivek Gopalpuria
ABOUT THE AUTHOR
Vivek Gopalpuria
Vivek is the Associate Director of Product Marketing at Replicon. Replicon provides award-winning products that make it easy to manage your workforce. With complete solution sets for client billing, project costing, and time and attendance management, Replicon enables the capture, administration, and optimization of your most underutilized and important asset: time.
Get started today.
Set up a free trial based on your business needs. Start Free Trial

Global Compliance Desk – Vietnam

New Draft Version of Vietnamese Labor Code Released A new draft of the proposed Labor Code has recently been released by the Ministry of Labor, War Invalids and Social Affairs (MOLISA).…Read More

Global Compliance Desk – Netherlands

Employment Law Changes 2020 What’s New: The Dutch Senate adopted new legislation to bring the labor market into balance effective January 1, 2020. The new legislation aims to reduce the…Read More

5 Emerging Global Payroll Trends

Global Payroll Management Institute | September 04, 2019 By Lakshmi Raj, Co-Founder and Co-CEO, Replicon With every new advent in technology and the web, the world gets a little smaller…Read More

Exempt vs non-exempt workers: simplify employee classification

In the United States, most jobs are governed by the Fair Labor Standards Act (FLSA), which classifies workers into two broad categories: exempt and non-exempt. Under the FLSA, non-exempt employees are…Read More

The five reasons employees work overtime

Very few people enjoy working overtime, and even fewer companies want their employees stretching their hours. Besides the costs of paying overtime (and a few extra costs), research has shown…Read More

The 7 must-haves for choosing the right professional services management solution

Not too long ago, if you asked any professional services organization to tell you how they managed client projects, resources and utilization rates, the answer was always the same: spreadsheets.…Read More
  • Cloud
  • In The News
  • Corporate
  • Professional Services Management
  • Project and Program Management
  • Shared Services Management
  • Time and Attendance Management
  • Workforce Management
  • Customer Feature
  • Feature Update
  • Time Intelligence
  • Industry News
  • Webinar Recap
  • Global Compliance Updates
  • Chat with us
    How can we help you?