If you receive an error when trying to update the time then this could be due to the proxy configuration.
When you install CodeMeter it will automatically pull any proxy configurations from Internet Explorer and add them in.
Likewise, you may need to add these settings in, dependent on your network settings.
To add or remove proxy settings first load the Control Center by opening it from the start menu:
(Start > All Programs/Programs > CodeMeter > CodeMeter Control Center)
After the control center has opened, click the WebAdmin button on the bottom right-hand side:
Once you have done this, navigate first to the Configuration tab and then the Proxy tab and reconfigure accordingly, clicking the Apply button when complete: