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Patching The Leaks: How To Spot And Limit Revenue Leakage In 2023
Revenue leakage is undoubtedly a critical concern for global businesses of all sizes. However, they can manage the challenge with a combination of proven processes. Automating manual time tracking helps businesses enhance workforce efficiency and productivity, and drive higher revenue.
Replicon Product Updates – Year 2022
An Elevated Product Experience for You
With a rebranded product UI and improved product capabilities, we aim to give you a better product experience.
There is a new neat layout ensuring your experience is hassle-free when using the product. The performance of the product is also improved with zero glitches even when the number of rows exceeds 80.
The product menu bars have been redesigned to enhance the overall navigation experience. You can now find the product capabilities that you need more quickly and easily.
You can now view all the data related to timesheets, time off requests, approvals, and more on one page. The widgets are displayed based on the roles assigned to you, so that you can quickly complete the tasks with a minimum set of actions.
The new trial experience enables you to try other products available to you for 14 days to help you understand our portfolio.
Administrators can publish and broadcast multiple messages with embedded links/URLs. They can also filter the messages as per particular departments or regions. These messages can be timeboxed. They expire once the defined time frame is over, and disappear from the landing page.
Do You Know About Our AI-Powered Capability – ZeroTime™?
ZeroTime is Replicon’s new breakthrough that is designed to help you capture, manage, and optimize work time, increase productivity, eliminate revenue leakages, and always maintain compliance. Our Collectors Ecosystem for Software Vendor Applications, such as calendars, email, browsers, meeting, etc., automatically captures time spent, which is then combined and processed by our very own continuous learning Advanced Machine Learning Models. The new future of “No Timesheets” with Replicon’s ZeroTime is 100% secure.
Now, your employees can focus on things that matter to your business, while Replicon’s ZeroTime automatically pre-populates their timesheets effortlessly.
We’ve Got You Covered by Extending Our Compliance Coverage
In 2022, we added statutory compliance support for Kazakhstan, Lichtenstein, Tunisia, Venezuela, Honduras, Chad, Nigeria, and more. We now support compliance in more than 375 jurisdictions across 85 countries.
We Protect Your Business With Enhanced Security
To protect your accounts from invalid access, we have now added the MFA (Multi-Factor Authentication) feature that will be automatically enabled for users with administrator privileges to ensure you are meeting the latest security and data protection standards.
Continuous Seamless Integration With Your System
Our new “Replicon for ADP Workforce Now” and “Replicon Connector for ADP Workforce Now” integration apps extend our footprint on ADP’s Canada Marketplace enabling seamless exchange of sharing of data between Replicon and ADP platforms.
We have enabled out-of-box payroll integration support for our existing Replicon and ADP customers by launching new ‘Replicon ADP Data Connector’ product on both the ADP U.S. and ADP Canada Marketplaces.
We’ve launched a new Microsoft Project Online Integration to seamlessly sync projects and time data between Replicon and Microsoft Project Planning tools/solutions such as Microsoft Project Plan 3, Microsoft Project Plan 5, Replicon, and Polaris platform.
What Has Improved
Manage Expenses With Ease
You can now set the project expense code as billable or non-billable. The project codes will be displayed and billed accordingly.
You can now decide which expenses can be billed to your projects and which expenses need to go from the common budget. Client representatives can now review the expenses submitted and approve the same easily.
Expanded Compliance Coverage
California meal break regulation: We’ve added a new ‘employee attestation’ waiver component to provide an even better way for organizations to not only stay fully compliant with the latest California meal break regulations, but also to take advantage of the flexibility, best practices, and recommendations provided by the California Supreme Court in a recent and very important ruling.
Global Time Off Rules: Standardized automatic recalculation of accrual time off rules. Our library, consisting of various configurable timesheets, workflows, and time off rules, is continuously being updated to support you both for statutory compliance and best practice requirements.
Integrations Just Got Better
We recertified Replicon’s SAP-Endorsed App Solution for Project Time Tracking with SAP SuccessFactors and SAP S/4HANA Cloud. We also extended the existing solution to support transferring time data for payroll processing in SAP SuccessFactors ECP.
Polaris Product Updates – Year 2022
Intelligent, Quicker and Flexible Resource Allocation
Project managers can directly allocate resources to projects instead of going through the full resource request and fulfillment flow, for quick planning and adjustments.
SmartAssist enables easy change of resources mid project.
You can quickly allocate one of the intelligent recommendations, as SmartFit has been integrated into the Resource Plan.
Enable Collaboration and Transparency With “Know Who”
The resource manager can now easily view the details of the project manager/co-manager who places the request for a resource. This facilitates better transparency and collaboration as the resource manager can now propose an appropriate resource with proper insights after a discussion with the project manager.
Capture Project Planning Time Efficiently
Get the correct and complete accounting of project costs. Now, you can easily capture the accurate time spent during a project’s planning stages, even before it reaches the execution stage.
Better Visibility of Allocated vs. Actual Hours
Project managers can now view the actual hours worked by any resource, and neutralize deviation risks and increase productivity.
View Resource’s Impact With Billing Summary Widget
With this widget, the resource, supervisor and PM, get a clear picture of the value that the resource’s work provides to the company.
End-to-end Portfolio Management in Polaris PPM
You can now collect project ideas and requests in a centralized location. There’s no need to collect notes, collate spreadsheets, or jog your memory to plan your portfolio.
It enables you to systematically and objectively evaluate, track, and prioritize requests and ideas, with scoring, statuses, and approval criteria. With this, portfolio managers can apply a more consistent, data-driven process to identify investments with the highest value and alignment to their strategic goals.
Once decisions are made, you can create projects directly from requests. You can also organize projects and requests under portfolios for a centralized, real-time view of progress in each business unit, product line, or initiative.
Seamless SmartBeats Capture for Task Estimates
Your resources can now provide updates on the amount of work remaining for a particular task, and the estimated completion date, directly on their timesheets with seamless integration between the SmartBeats entry page and their timesheets.
Summary Chart Gets Clear Break Down of Information
With Quick Card, resource managers can now easily access the summary of time off, allocation, and pending hire data.
Intuitive Bill Plan
Based on the billing type, users can now be informed and guided about the prerequisites as mentioned below:
Milestone Bill Plan: Prompts users that milestones are required and routes them to define the milestones without having to leave the page.
T&M Bill Plan: Prompts users that rate cards are required and routes them to set up the rate card without having to leave the page.
From the Replicon Blog
Understand a Project’s True Cost for Smarter Bidding
Want to simulate cost, price, margin, and profitability for projects to ensure the project is set up for profitability and hits revenue goals? Learn more about the Polaris SmartBudget feature and how it can help you.Read More
How Organizations Can Save Resources and Become More Efficient
Resources and their skills are the two critical assets that help professional services organizations succeed and generate returns on investment. Here is how organizations can enhance productivity and get the desired results.Read More
6 Steps to Fast-track Profitability in Your Consulting Practice
Independent of your industry or prior experience, promoting your consulting business in 2023 might seem intimidating. Here is how you can overcome unexpected challenges and scale your services.Read More
Health Data Specialists, LLC Drives Greater Productivity With Replicon
Health Data Specialists, LLC (HDS) is a healthcare information services company providing consulting services to healthcare facilities in the United States. Since 2003, HDS has worked with organizations of all sizes – including regional healthcare centers, training facilities and large hospitals to design, configure and implement software applications.Read the Success Story