Decode timecode in audio

As more and more people use timecode devices like Tentacles or Diety to sync consumer grade mirrorless or DSLR cameras by embedding timecode into the camere's audio track, the ability for Premiere to natively identify this would help rememdously.  Currently i have to use a editing sodtware from a well known brand, and it slows my workflow to sync in this other software, then import back into Premiere as XML, then output another XML back into the other editing software for someone else to perform the coloring process. 

thanks