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26C feature: New Redwood Time Profiles - question regarding the legacy profiles

Summary:

With the 26C feature: New Redwood Time Profiles - are the legacy profiles going to go away or would they be maintained in the differentiated format of 'time entry' and 'time processing'?

We have entire configuration on the older setup - if the profiles are going to be sunset is there any option to bulk convert to the new 'Time' profile in redwood?

Version (include the version you are using, if applicable):

26C

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