[Written for Replicon Resource Center]
Time Intelligence White Paper (content):
Heading: Time Intelligence™
Subheading: 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 people’s 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 it 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 not treated as an asset
These disparate silos of time information do not allow the 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?
Block quote: “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.”
– Bill Lumani, Senior Director of HR Shared Services, Adtalem
Heading: New Way of Thinking: Time Intelligence™
Subheading: 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, know how they are contributing, manage time so they are more successful, and this, 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.
Replicon Time Intelligence™ Platform
Replicon built a platform for the 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. Replicon adds the intelligence layer to validate, process, analyze, and transform time into powerful information. We link time to every system you rely on: legacy software, new apps, or any technology you might buy in the future, With Replicon, you will know how you turned time into money, how much time cost you, and how to better use time in days, months, or years ahead. Time as an asset is what Replicon is all about.
Heading: Time Intelligence™ helps businesses get control of metrics that are important to their growth
- Up to 90% increase in accuracy of enterprise data
- 2 to 10% decrease in labor costs
- >5X ROI from improved administrative efficiencies
- Up to 10% decrease in revenue leakages
- Time Intelligence™ delivered in real-time
Subheading: Join the ranks of thousands of our customers who have benefited from our Time Intelligence™ Platform.
Block quote: “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.”
– Mike Domansky, Director of IT Portfolio Management & Government, Greif Inc.
Block quote: “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.”
– John Young, Chief of Staff (RDO Division), Blackbaud
Heading: Enterprise solutions powered by our Time Intelligence™ Platform
Enterprise Time Management: Modernize your legacy ERP with our purpose-built, enterprise-grade, time management system and get an accelerated ROI.
Global Time and Gross Payroll Automation: Streamline your global gross pay operations with a unified platform to manage time, pay rules, compliance and more.
Business Operations Software: Optimize your end-to-end professional services workflow and tie planning service execution with financial performance.
Subheading: Enterprise products powered by our Time Intelligence™ Platform
- TimeBill: Track up-to-the-minute project time, capture all billable hours and efficiently manage your resources, projects, clients, and billing
- TimeCost: Get complete real-time visibility into project status, improve resource utilization and deliver projects on time and within budget.
- TimeAttend: Manage time and attendance for your dispersed workforce in realtime, apply relevant pay rules and streamline your pre-payroll process.
- TimeOff: Simplify your employee time off management and gain visibility into time off usage, employee availability, and liabilities.
- Expenses: Empower employees with easy-to-use expense tracking. Reimburse employees for expenses or allocate to client projects for billing.
About Replicon: Replicon, the Time Intelligence Company, has over 20 years of industry leadership and is pioneering a new approach to time management. Time Intelligence elevates time as a strategic asset within an organization, to improve operational productivity, performance, and profitability. Replicon’s Time Intelligence Platform offers solutions for global time and gross pay compliance, integrations with leading ERP solutions, and an SDK for continued development – expanding the company’s award-winning portfolio of cloud-based products for workforce management, including complete solution sets for client billing, project costing, and time and attendance. Replicon supports thousands of customers across 70 countries, with over 400 employees around the globe including the United States, Canada, India, Australia, and the United Kingdom.
To learn more, visit www.replicon.com.
CTA: Want to try it for your business? Contact us: [contact info]