Time Is Money
Everyone knows that time is money. But unlike money, most businesses don’t know enough about their time. What did we do to turn time into money today? How much did time cost us today? Such questions are surprisingly hard to answer.
60% Of A Company’s Cost Is Time
Time is universal in any business. 60% of a company’s cost is time. Yet there’s no easy way to understand time spent and connect it to a company’s work, accomplishments, events, and results.
Time Is Fragmented In Multiple Systems
Multiple systems track time today: CRM, ERP, HR, project management, PSA. But they all do it in different, non-connected, non-shareable ways.Time goes missing because it’s too hard for employees to track, accurately and in real-time. Most time-tracking features were built for the last century, tedious and sluggish, while the world changes in seconds.
Time Is An Asset
This makes it difficult for a company to treat time as a valuable asset. But that’s exactly what it is. Time is an asset. And businesses need to understand how to best use that asset today, and in the future. A thousand person company has around 2 million hours at its disposal in any year. Do we know what our millions of hours got us?
New Way Of Thinking: Time Intelligence®
How can we connect all of our time to all of our outcomes, analyze time, understand it, and make predictions about it? It requires a new way to think about and manage time. It requires Time Intelligence®. Time Intelligence is important to business in the way “emotional intelligence” is important to people.
What’s Time Intelligence®
True Time Intelligence® is much more than the sum of static data and reports. It means businesses can connect time spent to outcomes produced, and understand and deploy time as an asset. Time Intelligence® allows businesses to treat time the way they treat money, resources and materials. And this new knowledge can flow back to individual employees, so they can understand their own time and how they are contributing. And manage time so they are more successful. Which in turn makes the company more successful.
Time Intelligence® Is A Competitive Advantage
Any company that operates without understanding time as an asset is wasting time. Optimizing time, treating time as a valuable asset, is a competitive advantage. Getting you there is a problem Replicon solves. We’ve developed technology for Time Intelligence®.
Time Intelligence® Helps Boosts Your Business Performance
Improve process efficiencies around time management by up to 90%
Enhance resource productivity by up to 10%
Cut down your project and labor costs by 5-10%
Reduce your time data errors down to 0%
Time Intelligence® delivered in real-time
Scalable system that grows with your business
“Replicon is a big part of our future as Adtalem grows. We’re looking forward to further optimizing the way we use it so we can keep realizing additional efficiencies to every extent possible.”
Senior Director of HR Shared Services
“We can build a use case for capital funding, build cost estimates based on historical information, and measure actuals against budgets to manage projects, and make proactive decisions if we’re going over budget. Our forecast accuracy is so much higher, and because of that so is the level of confidence with our information.”
Director of IT Portfolio Management & Government
“We’ve started to look at our business differently across the board, and time is just one measure to help us better succeed. Whether it’s evaluating team efficiencies, resource utilization against projects, or product development and investment, Replicon has been the tool that we trust to help us improve effectiveness.”
Chief of Staff (RDO Division)
“With employees all over the world, our payroll needs are quite complicated. We need to account for overtime hours worked, holiday pay and other nuances across all the different regions. Using Replicon, it’s so simple to make sure everything is accurate.”
Senior Resource Manager
“With Replicon, we have improved insight into project profitability and timelines. Our managers know they’re collecting and reporting on information correctly, and have peace of mind that the data in their reports is accurate.”
Architecture and Infrastructure Manager
Time Intelligence® Platform
Replicon built it for our IoT, mobile, cloud, social and AI era. It’s time management for the 21st century. We call it the Time Intelligence® Platform, and it liberates time from your systems and turns it into an intelligent and valuable asset.
Replicon’s architecture harvests time and events everywhere, in any way, and on any device. We link time to every system you rely on: legacy software, new apps, or any technology you might buy in the future, Replicon adds the intelligence layer to validate, process, analyse, and transform time into powerful information.
With Replicon, you will know how you turned time into money. And how much time cost you. And how to better use time in the days, months or years ahead. Time as an asset is what Replicon is all about.
Time Intelligence® is our business. Learn more about our platform.Time Intelligence® Platform