Replicon Launches Web TimeOff 1.0: An Easy-to-Use, Web-Based Solution for Tracking Employee Time Off
Employee time off quickly adds up: failing to accurately track time off can eat up 2-3% of an organization’s total operating costs

Calgary, AB, October 13, 2005 -- Replicon Inc., the market’s leading provider of time tracking software, has announced the release of Web TimeOff 1.0, a simple, web-based employee time off tracking solution.

A free trial version of Web TimeOff is now available for download at http://www.webtimeoff.com/a/timeoff_tracking.asp.

Recent industry trends show that Paid Time Off (PTO) is facing increased scrutiny as a factor in corporate success. Rejuvenated employees produce more, feel better and are likely to stay employed longer. While employees with increased rates of unscheduled absenteeism can cost a company in terms of lost productivity and reduced morale. Studies have shown that in certain industries, inaccurate tracking of PTO can make up 2-15% of operating costs.

“As paid time off represents a significant financial liability, organizations need an accurate and efficient means of tracking time off,” stated Raj Narayanaswamy, CEO and Founder of Replicon. “Web TimeOff allows organizations to automate their entire employee time off tracking process, thereby eliminating the chance of human error or abuse.” Web TimeOff provides instant visibility into your entire staff’s time off history and lets you and your employees get the most out of days away without draining dollars from the bottom line.

Web TimeOff continues with Replicon’s signature values of providing solutions that are easy to use, implement quickly, and provide maximum visibility into key areas. The immediate benefits of Web TimeOff 1.0 include:

Automating your Employee Time Off Process

• Submit, approve, and reject time off requests online
• Automatically send e-mail notifications of time off requests, approvals, and rejections

Eliminating Time Off Errors and Abuses

• Automatically accrues employee time off
• Calculates all time off types (e.g., vacation, sick time, leave, etc.)

A Master Time Off Calendar View

• Quickly identify who’s away – allows you to plan in advance if you need key positions filled with temporary replacements
• View all time off requests at once, allowing you to plan your resources and projects carefully through out the entire year.

A Single Tool for all Staff

• Eliminate error-prone data re-entry by employees, department managers, and payroll managers
• Web-Based solution, employees can access easily, even from remote locations

Liability Reports for your CFO

• Generate simple, real-time reports in seconds

An Accurate Record of Employee Time Off

• Maintain an audit trail of all time off taken, requested, approved, and rejected

Visibility into Employee Time Off Balances

• Employees can instantly view their time-off balance (days taken, days remaining, days requested, etc.)

Customers who purchase Web TimeOff before October 31st can take advantage of the special pricing of $39/license. The regular price after October 31st is $49/license.

For a complete list of features and benefits in Web TimeOff 1.0, visit
http://www.webtimeoff.com/a/timeoff_features.asp.

Download a 14-day, no-obligation trial of Web TimeOff 1.0 by visiting
http://www.webtimeoff.com/a/timeoff_tracking.asp.

About Replicon
Founded in 1996, Replicon is the world leader in web-based time & expense tracking, paid time off tracking, and resource scheduling software. Replicon’s flagship solution Web TimeSheet provides organizations with visibility into project costs and status, facilitates cost allocation and charge backs, accelerates billing cycles, and enhances profitability with a single solution.

Replicon delivers easy to use and quick to implement web-based solutions for companies of all sizes. Replicon launched Web TimeSheet version 1.0 in 1998 and has grown revenues in excess of 700% in the last five years. Replicon has grown its total user base to more than 1.1 million users in 52 countries today. For more information, visit http://www.replicon.com.

For Editorial Inquiries:
Caroline Bujak
Marketing Communications
Replicon Inc.
1-877-737-5420 ext 256

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