Product Update - April 2017

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  • Updated 3 years ago
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Major Feature Launched Last Month:

Target Billable Hours

Employees whose bonus or pay is tied to the number of hours they bill need to know how they’re progressing toward their billing targets. They might also like to see how their performance stacks up against others’ in their group or in the company as a whole.

But how do you make it easy for them to view their current progress? And how can you let them view others’ performance without breaching employee confidentiality?

Replicon’s new target billable hours feature, launched last month, provides an elegant solution. Each employee simply records the hours they worked in their timesheet – something they already have to do. Then, they’ll see an up-to-date bar graph with their billable hours plotted against their monthly target, right in their timesheet.

Even better, graphs showing how their department, location, and the company as a whole are progressing towards billable targets also display, meaning employees no longer have to guess how their performance compares to others’.

And, of course, managers can also view employee progress, using dashboard graphs or reports.

Upcoming Feature:

Multiple Client Billing

Have you ever tried to split a bill at a restaurant, and decided it required advanced mathematical skills to pull it off?

Splitting the bill for a project doesn’t have to be that difficult. That’s why we’re introducing a multiple client billing feature in an upcoming Replicon release.

While billing is most often carried out on a one client per project basis, there are some cases where companies need to split a project bill among multiple clients, such as in the two common scenarios described below.

Scenario 1: Joint ventures

Large infrastructure projects often require funding from multiple sources, such as different levels of government and private stakeholders. In cases like this, how the bill is split among the different clients is usually based on some pre-negotiated criteria.

For example, an NHL team might pitch in 70% of the cost of a new stadium, while the city assumes the remaining 30% of the cost. The bill for building that stadium would then have to be split between those two clients along those lines.

Scenario 2: Internal billing

Some internal cost centers bill each department who uses their services a proportion of their costs. For example, if an IT department sets up a new sales forecasting system, they may bill the Sales and Finance departments for the work. And, in some organizations, they actually generate an invoice for each department so the bill can be signed off on.

With this sort of billing allocation, the percentage each department is billed is based on factors such as the size of each department, each departments’ historical usage of the cost center, or the benefit each will derive from the project.

Our new multiple client billing feature will handle these cases, and any other multiple-client billing scenario where the percentage split is determined by something other than the exact hours worked for each client.

Please see the release notes for detailed information on target billable hours. Contact your Customer Success Manager or Customer Support to learn how to enable new features in your current environment.
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Paula Tannahill, Technical Writer

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Posted 3 years ago

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