Likelihood to Recommend Float is great for a startup/small (< 20 employee companies) that have limited resources for keeping an eye on cash flow. Yes, you could hire a contractor CFO, but it would simply be less expensive to use Float and educate yourself a bit about cash flow. For larger companies I feel like you would have a dedicated financial controller or CFO that may already have tools they are familiar with, but this service might also still be useful.
Read full review It is perfect for inputing time sheets, time offs and expenses. It is hosted on the cloud, so accessible from anywhere, and even from mobile. It should nonetheless do just that, as it is not suited to track the work that you are doing or details about it. It is completely useless in that case.
Read full review Pros Cash flow management. Forecasting out how much you can spend. Quickbooks integration. Read full review Many of our staff members work on multiple projects. Replicon PSM is ideal for managers to track all staff hours just by running a simple report. It's so easy use & maintain. Support team is really impressive, seem to know their product. Reporting is a breeze. Read full review Cons Quickbooks integration could be improved to automatically include recurring transactions. Pricing is a little steep for smaller businesses. Read full review Though the technical support staff are always very nice, sometimes they don't seem to understand exactly what the issue is based on our explanation. There have been several times when I've ended up solving the issue on my own without their assistance, despite numerous emails and phone calls. Could be a language barrier issue, perhaps they could receive more training in how companies are actually using the software on a daily basis. Employee time sheets have to be approved by project managers and supervisors prior to my final approval. However, when viewing the time sheets in list form, there is no way for me to tell whether a time sheet has been approved by everyone else. I have to manually open each one and hover over the approver link. It would be helpful if there was a column in the list showing which approvers still need to approve it. There have been a few times when time sheets were accidentally deleted by approvers. In order to retrieve them, we've had to contact Replicon support and have a backup instance of the information created. It would be great if perhaps there was some sort of archive or recently deleted section that could be accessed right away without having to go through Replicon support, a folder or something that would hold on to recently deleted files for a few days or a week just in case they needed to be retrieved. Some of our projects have more than one project manager. Replicon currently allows for co-managers to be assigned to a project, but this status does not seem to include that co-manager in the approval of time sheets and expenses. We have had to manually create an approval path to include that second manager. It would be nice if co-managers would automatically be included in those approval paths. Read full review Alternatives Considered We used to track time on
JIRA on the tickets. This was good enough for time tracking, but didn't integrate efficiently with accounting software, so accountants had to replicate manually the data from
JIRA to their software in order to bill clients. Using Replicon made things much easier for them.
Read full review Return on Investment We've had a positive ROI since we're able to take bigger risks now that we understand how much cash will be in our account on what day. We are able to make adjustments to our contractors and services to grow our business faster. Read full review No negative; we just use it for timesheets. Read full review ScreenShots