Replicon Introduces Cloud Clock, the Industry’s First Fully Cloud-Connected Device for Tracking Employee Time

Grazed from MarketWatch.  Author: PR Announcement.

Replicon Inc. today introduced Cloud Clock, a first-of-its-kind, 100 percent cloud-based time clock. When combined with Replicon’s Web-based time and attendance application, the Cloud Clock provides a unified cloud solution that eliminates the hassles and overwhelming expense of managing traditional time clocks…

The Replicon Cloud Clock helps businesses that have traditionally been unable to leverage cloud-based solutions, or do not have the time and resources to evaluate complex and expensive traditional time clock alternatives. The Replicon Cloud Clock brings the power of cloud computing to the time clock, allowing employers to instantly validate time clock punches, ensure that time and attendance records are accurate and report compliance at a moment’s notice. Available for a flat price of $99 per clock, Replicon also provides continuously monitoring of the Cloud Clocks, eliminating the hassles, additional cost and downtime associated with repairs, maintenance and forklift upgrades. These features are vital to businesses that today are operating on slim margins and are dealing with weekly overtime hours that have nearly doubled in the past two years, according to Replicon research.

100 Percent Cloud-Based Solution Saves Money, Simplifies Time Tracking and Increases Compliance

The Replicon Cloud Clock simplifies the process of collecting of time and attendance data from all employees, whether at one location or multiple remote ones, and delivers the information in real-time to Replicon’s centralized, easy-to-use cloud-based application. The Replicon Cloud Clock offers a wide variety of benefits over traditional time clock solutions, including:

        —  Simple, Elegant Interface: The Replicon Cloud Clock offers a large,
            full-color multi-touch screen with a built-in camera that captures
            employee punches. It can create a photo audit trail to discourage
            "buddy punches," in which employees fraudulently punch in for a
            co-worker.
        —  Easy Supervision: Managers can review, adjust and approve employees’
            hours in real-time, improving compliance and ensuring greater payroll
            accuracy. A single Replicon Cloud Clock can support all types of
            employees, including those with different shifts, and longer or
            shorter work hours.
        —  Hassle-Free, Automatic Upgrades: Free upgrades are done remotely by
            Replicon, eliminating the downtime and cost associated with having to
            forklift out and dispose of old time clocks and install new devices.
        —  Maintenance-Free: Replicon monitors the clocks 24×7, 365 days a year
            to immediately address any problems. As a result, users do not need to
            purchase costly maintenance contracts and suffer downtime that is
            common with traditional time clock solutions.
        —  Go Live Fast: The Replicon Cloud Clock can be installed and running in
            just days, as opposed to months, because it operates wirelessly and
            does not require any additional costly, proprietary wiring. It also is
            easy to set-up because administrators can control functionality of all
            time clocks, regardless of location, via Web-based configuration
            screens.
        —  Simple Pricing: For $99 per month per clock, companies receive the
            Cloud Clock device, monitoring, maintenance and upgrades. No longer
            will businesses be forced to pay up to $12,000 for their hardware
            solutions, not to mention maintenance contracts fees that can add
            another 20 percent to the total cost.

"Today many companies are supplementing their workforce with additional hourly employees, requiring more overtime from existing employees and running multiple shifts each day, which makes it difficult to effectively manage time and attendance," said Lakshmi Raj, co-founder and co-CEO of Replicon. "By leveraging the power of the cloud for time tracking with its easy-to-use and fully integrated Cloud Clock, Replicon is helping businesses of all sizes to collect employee time in a hassle-free manner, improve compliance and stay on budget."

Replicon Cloud Clock’s advanced capabilities help businesses address the challenges and costs of maintaining traditional punch clocks and managing their workforce. In fact, Replicon research shows that with its cloud-based solution, compliance for submitting completed employee timesheets increased to 85 percent within three months. Additionally, payroll error rates declined from as high as eight percent to 1.9 percent within one year of implementing Replicon.

Replicon Productivity Index Data Shows Need for More Accurate Time and Attendance Solution

Strained by the sluggish economy, many businesses are hesitant to make new hires and, instead, seem to be relying on existing employees to work more overtime hours. According to the latest Replicon Productivity Index, which examined data from nearly 1,000 participating companies over the past two years, weekly overtime hours have increased 58 percent. Now more than ever, it is critical that companies have real-time visibility into the hours worked to ensure they are managing employee time efficiently and are paying them accurately too.

The Replicon Productivity Index also revealed that while employees are averaging more overtime hours, the average number of hours per week has decreased nearly 14 percent in the past two years — from 40.2 weekly hours in 2009 to 34.6 weekly hours in 2011 to date. Additionally, employees are taking more vacation time this year. Based on Index data, employees are on track to greatly outpace the number of vacation days taken year-over-year from 12 vacation days on average per year in 2010 to nearly 15 days off in 2011.