Time & Attendance Software Gets $3 Million

hr tech funding news
Read Time2 Minute, 9 Second

Timerack time and attendance software today announced its most recent round of funding of $3 million by investment partners has been finalized. This investment is expected to accelerate the already robust growth trajectory for the company, which has recently enhanced its product line with analytics- and AI-based software solutions. The company has also opened a brand-new office space in Raleigh, NC.

The company is a leader in cloud-based software solutions for small- to mid-sized businesses, including staffing agencies. Timerack’s employee time and labor management, HR suite and payroll integration solutions are designed to streamline operational activities and employee activities, regardless of location:

  • In the office Uses a traditional time clock as well as a kiosk offering requiring photo ID 
  • Online and mobile app Enables staff to clock in and out using a laptop and ethernet or mobile device using wi-fi or cellular 
  • At client sites Tracks staff using geo-fencing capabilities via GPS and Google maps

Timerack’s IntellipunchTM user-friendly interface eliminates the need to train employees on how to punch, which improves the onboarding process. Employees are assigned a PIN and the automated Intellipunch system guides them through the steps, enabling business owners to reduce time spent on training so they can focus on revenue-generating tasks. 

“We’re excited for the next chapter in the company’s evolution. We’ve leveled-up in every conceivable way, from our new workspace to our new product enhancements that really set us apart from the competition. This new wave of investment helps us continue our mission of continuous innovation to reduce redundant, low-value tasks for companies, so they are free to focus on new business and other growth initiatives,” said Adam Day, president and CEO, Timerack 

Benefits of Timerack’s Cloud-Based Software Solutions 

  • Eliminates manual processes with automated, cloud-based time-capture tools 
  • Ensures agencies pay employees accurately and on time 
  • Easily integrates with existing HR tools, which eliminates duplication of data entry and minimizes human errors 
  • Helps enforce work/employment policies at the customer and state level 
  • Provides best-in-class support, with a 97% retention rate for Timerack users

“We believe Timerack’s intelligent approach is the best product in the marketplace and its capabilities frees companies from redundant, low-value tasks so there is more time to focus on new business and other growth initiatives” 

For more information, visit www.timerack.com; or call 951-284-1500 or email at info@timerack.com.

About Post Author

HR Tech Guy

Let's just say I'm an HR tech news junkie. HR techies unite!


»HR Freelance Directory

»Relocation Job Board

»Diversity Job Board

»Free HR Software Advice

»HR Tech Jobs

»HR Podcast Directory

»Recruiting Newsletters

»RecTech PR

»Recruiting Ebooks

»Career Site Software