"We are still in an embryonic phase with this and we are collecting the data so we can build these cases. It is going to be something for the future in terms of being used to show what is being done to justify what is being done around regulatory tasks."
The Replicon time management system was chosen for a number of reasons, Consolascio said. One of the benefits was the lower cost of introducing a cloud solution compared to on-premise, while using a Saas system hosted on Replicon's Calgary-based servers allowed the software to be easily rolled out and extended across the various regions the bank operates in.
Replicon, headquartered in Silicon Valley, recently announced a push into EMEA markets for its cloud time tracking systems. The firm unveiled its new office in the UK earlier this month, headed up by Adam Walker, previously of Epicor Software and Netsuite.
Other existing customers include Moody's, Facebook and Associated Press.
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