There is no documentation for web services in Ranorex because they are standard functionality of the .NET framework and not part of Ranorex. (But they can be used in Ranorex Studio like everything else in the .NET framework)
So if you have your "WebServerTime" web service, add a web reference by using the web service URL of your web service.
When adding, it is probably best to set the namespace to the same namespace as your test script.
(the name of the webservice class itself is determined by the WSDL, not the reference name)
Then you can just call methods on the web service in your test script (or recorder user code actions), e.g.
WebServerTime timeService = new WebServerTime();
// assuming there is a "GetTime" method in your webservice
DateTime myTime = timeService.GetTime();
Hope this helps,
Michael
Ranorex Team