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Leading Global Software Firm Rolls Out First-of-its-Kind Time Management System, Targets World’s Growing Mobile Workforce

Leading Global Software Firm Rolls Out First-of-its-Kind Time Management System, Targets World’s Growing Mobile Workforce

Leading global time management expert HMS Software – publishers of the TimeControl timesheet system – has announced the release of TimeControl version 7.4.1, a first-of-its-kind system targeting medium to large enterprises and their mobile workers. With nearly half of the total global workforce expected to be comprised of mobile employees by 2022, the newest release of TimeControl delivers unprecedented smartphone and tablet features, enabling users to do much more from their devices than simply collect time.

“This release represents a major leap forward in functionality,” said HMS Software President Chris Vandersluis, noting that the new mobile interface for the TimeControl Mobile app – available to Google Play for Android device users and on the Apple Store for iOS users – allows users to create, view, edit and approve timesheet data, as well as perform historical searches, right from their phones. “With every new release of our product we reinvent the way companies manage their time,” Vandersluis said.

Additional new features found in TimeControl 7.4.1 – a multi-function system that includes support for Time and Attendance, Time and Billing, Project Tracking, Human Resource Tracking, and Research Tax Credit Tracking – include:

-Support for multiple timesheet periods at once, meaning some parts of an organization can start their timesheets on a Sunday and others on a Monday, while other parts can choose to use a bi-weekly, bi-monthly or other length of timesheet, making it possible for large global companies to operate efficiently from one single timesheet.

-Unparalleled flexibility in how charge codes are displayed with the launch of a new Hierarchy view that allows the configuration and display of timesheet charges to be selectable for each part of an organization while maintaining a common enterprise view in the background.

-Major changes to the TimeControl Application Programmable Interface (API) that make it easier to integrate the software with other mission-critical corporate systems such as Finance, ERP and Project Management.

TimeControl was originally released in 1994 and was immediately successful in the project management sector. Today it is a comprehensive enterprise timesheet solution used by companies worldwide. TimeControl is designed as a multipurpose timesheet able to serve the needs of both Finance and Project Management simultaneously. Features include: a multi-browser, multi-device interface; vacation approvals; executive dashboards; extensive approval functionality; flexible reporting and integration with other project management and corporate systems. TimeControl is available both as an in-the-cloud subscription service and for purchase for an on-premises installation.

TimeControl 7.4.1 will be upgraded automatically for TimeControl Online subscription clients.  The upgrade is available to existing on-premise clients with a current support and maintenance agreement at no additional charge from the TimeControl upgrades site: TimeControl.com/support/updates. A free Hosted TimeControl Trial is available at freetrial.timecontrol.com.  For further information about HMS Software, please visit http://www.hms.ca or email info@hms.ca.

 

New Blockchain Technology for 2019

As digitization and technology solutions continue to be the focus for trade experts, IT Solutions company CyberLogitec announced the creation and launching of their new blockchain focused solutions platform. The company, known for its work in providing solutions in the ports and terminals sector, confirmed this initiative will be implemented for all IT solutions in 2019.

The solutions, deemed as FREIGHT9 and OPUS9 pave the way for a purely digital system for maritime businesses, eliminating the hassle of paper-based documentation for all shipping. This is another prime example of the rapid pace of digitization within the trade sectors.

The total elimination of inefficiencies is the goal of many trade professionals, starting with paper-based systems and operations. With global trade shifting at a fast pace, companies must rely on technology-based solutions to keep up and maintain operations on a holistic level, reducing risks and duplicate efforts.

“The company aims to set the highest standards of innovation and excellence in the logistics ecosystem. It is hoped that as the logistics industry players adopt blockchain technology, the full potential of blockchain will be realized, and global trade will be boosted,” commented CyberLogitech in response to the news.

Source: Port Technology

Global Trade and the Evolution of Digitization

During this year’s eighth annual Asian Logistics and Maritime Conference in Hong Kong, one of the most common themes discussed was the impact, success to-date and history involved in the world of digitization for the supply chain sector.

Mr. Wilson Pang, Fintech Senior Manager, spoke on the topic during the second Supply-chain Management and Logistics Forum on day 2 of the conference, emphasizing the importance of improved research methods and application for the industry. Key highlights from his presentation included a thorough SWOT analysis of the Hong Kong trade sector and what possibilities can be utilized for maximized success and elimination of inefficiencies.

Strengths included the obvious leading role the Hong Kong market plays in the global trading arena and the fact that it accounts for 3 percent of the world’s total trade. Weaknesses were identified as lack of financing for less than 50 percent of total trade between 2006-2015. The Belt and Road initiative provided the strongest opportunity for the market, with an emphasis on expanding trade in an effort to support and promote economic cooperation and peace.

Here comes the game-changer: the threat. From all of the perspectives addressed thus far, threat prospects can range from a variety of factors. Nonetheless, Pang identified the high transaction cost spurred from documents and manual processes combined with very likely risk of data errors and duplication.

Digitization in the form of e-trade connect is a solution Pang presented. He also shared a very interesting illustration proving the evolution of digitization through the story of Russian world class chess champion Garry Kasparov and his defeat by an IBM supercomputer. Factoring in the elimination of human error and outsmarting the human mind through digital solutions, the risk of duplication and errors are resolved.

Pang took it one step further and broke down the process into three priority functions: agreement creation, financing and reconciliation.  Through this process, trade and trade finance is simplified while benefiting all players in the trade sector. This is how industry leaders can unleash the full potential of business.

 

Source: Presentation, “eTrade Connect: Welcome to the Future of Trade” by Mr. Wilson Peng, Senior Manager, Fintech Facilitation Office

Leveraging Visibility to Gain Control of Your Supply Chain

As an increasing number of business and consumer products are now being sourced globally, supply-chain visibility management has become an undeniably vital tool for any business to have at their disposal. Knowing where your product is at any stop along the supply chain not only keeps you aware of potential roadblocks that could arise, but it also allows you to adapt and make changes to your supply chain in real-time to avoid those roadblocks.

With so much global competition vying for your customer’s dollar, the last thing your business wants to do is drop the ball over poor visibility – but how do you give customers an inside view when so many parties are involved in the supply chain? The answer – according to Steve Williamson, Director, Solution Consulting at BluJay Solutions – is leveraging that visibility with the use of mobile technology. BluJay is a provider of supply chain software and services including MobileSTAR, an app that works with both Android and iOS mobile devices to provide real-time tracking, proof of delivery and last-mile routing solutions.

“When you look at a global supply chain or placing orders, you want to know the ‘immediates,’” says Williamson. “You want to know all the things going on with your order, but when you’re manufacturing globally there’s no way to get that kind of visibility on your own. There are a lot of different systems and parties involved, and no one company is in control of it all. Providers like us are in the marketplace to bring all of those pieces together.”

But getting those pieces to fit together neatly is no small task. While BluJay offers a single technology platform with a constant flow of new features and solutions, many companies still manage supply chain execution with point solutions or manual processes.

“The challenge is, does one tool do it all? The quick answer is no. There’s no perfect recipe. Vendors are looking to pull all these technologies together and try to get the visibility from say, an RFID provider or get the visibility of an ocean container, and it’s that ‘try to get’ that is always challenging,” says Williamson.

And that challenge can be just as frustrating for end-consumers and business-to-business (B2B) customers, too.

“As a solution provider, we’re always looking at that – what would our customer’s customers experience be? Depending on what you’re moving within your supply chain, the importance of that could be tenfold – it could be that someone’s waiting on that part to do something else, so subsequently that little piece could be a domino that knocks down all the other dominoes in a bad way or in a good way.”

And that’s where apps like MobileSTAR really prove their worth. To be able to view where a shipment is at any stage in the supply chain – right from your mobile device – can really save the day for that ‘customer’s customer.’  Delayed shipments can be re-routed, or re-sourced, damaged shipments can be re-ordered, and if lost shipments cannot be found, your customer can easily notify their customer about potential delays – all from the information provided by one easy-to-use app. It’s not a perfect solution – but it’s pretty close.

“When you look at visibility, the question really comes down to ‘what kind of business are you?’ Are you a proactive business or a reactive business? Are you waiting for something to happen in your supply chain… or are you monitoring your supply chain and see a disruption and reacting to it?”

According to Williamson, the reactive provider – while still most-likely reacting appropriately to the problem – is inefficient. A proactive provider could have potentially stopped the problem earlier along in the supply chain and avoided a lot of subsequent problems along the way. Thankfully, mobile apps like BluJay’s MobileSTAR are designed to do the proactivity legwork for you. So even if you fall into the reactive category, you can be proactive with minimal effort, before the problem has a chance to get worse.

The solution, according to Williamson is called Control Tower. Control Tower monitoring allows your business to be able to “drive and react” to problems along the way by providing visibility and connectivity to supply chain partners, from origin to delivery. Information you once had to hunt down from multiple sources, and at a great cost to your time, is now streamlined and available from one platform that connects many participants.

“Solution providers like ourselves are really partners. And I think that’s the way that the supply chain will ultimately be solved. There will be strong partnerships with all the potential parties involved in a supply chain movement to be able to give the companies themselves – and then their end users – visibility.”