Timesheet Solution Software

3 Timesheet Solution Software Success Stories [2024]

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Updated: October 10th, 2024

Efficiently managing employee working hours, tasks, and projects is crucial to the success of any business. That’s where a timesheet solution software comes in handy.

A timesheet solution is a tool to help businesses automate and streamline their time-tracking and management processes.

To kickstart your timesheet solution business, identify the key features that your software will offer. This includes a user-friendly interface, automated reporting, and other functionalities that address the needs of your target audience.

After identifying the key features, develop a prototype to showcase the software’s functionality and usability. Gather feedback from potential users and use it to refine and improve the software.

Finally, market your timesheet solution to businesses, highlighting its time-saving benefits and ease of use for both employers and employees. This will help you to attract and retain customers while building a strong reputation in the industry.

In this list, you'll find real-world timesheet solution software success stories and very profitable examples of starting a timesheet solution software that makes money.

1. HMS ($2.7M/year)

Chris Vandersluis founded HMS Software back in 1984 after securing a contract to create a project management tool and timesheet for Philips Electronics. Through iterations and feedback from both project management and finance teams, Vandersluis and his team developed a unique timesheet system that could serve both purposes, ultimately leading to the creation of TimeControl. HMS Software has grown organically and made between $2 million and $3 million in revenue last year, with a profitable margin of approximately 30%.

How much money it makes: $2.7M/year
How much did it cost to start: $999
How many people on the team: 15

How We Built A Timesheet Solution And Grew It To $2M/Year

Montreal-based software company HMS Software generated between $2 million and $3 million in revenue last year, boasting a 20-30% net profit margin and a successful self-funded model. Its project-based timesheet software, TimeControl, is used by a plethora of large private and public organizations to track both activity-based time for updating project management plans and timesheet data for finance.

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2. WeWorked ($1.2M/year)

Will Roberts, Co-founder of WeWorked, came up with the idea for their timesheet software after working for small businesses that struggled with expensive and complicated solutions. With a focus on affordability and simplicity, WeWorked has attracted over 20k subscribers and boasts average monthly revenue of $100k. Their success has been driven by a unique approach that eschews traditional sales tactics and instead relies on organic SEO marketing, Google Ads, and customer referrals.

How much money it makes: $1.2M/year
How much did it cost to start: $0
How many people on the team: 4

Our Timesheet Software Went From Side Project To $1.2M/Year

WeWorked, a bootstrapped time-tracking software company designed specifically for small businesses, hosts timesheets for over 20k subscribers and has an average monthly revenue of $100k.

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3. HoursLogger ($10.2K/year)

Drew Haines, the founder of HoursLogger, came up with the idea for his time tracking and invoicing app while working as a software and accounting consultant with his brother. Frustrated with the complexity and lack of user-friendly options in existing solutions, they decided to build their own app that would be simple and intuitive, catering to small business owners like themselves. Through consistent iteration and soft launches, they gained traction and eventually integrated with QuickBooks, resulting in a significant increase in signups.

How much money it makes: $10.2K/year
How much did it cost to start: $1K
How many people on the team: 0

How These Two Brothers Built A Time Tracking And Invoicing App

HoursLogger, a time tracking and invoicing app, was founded by two brothers who started the business as a side project over 6 years ago and made around $9k in passive income last year, with the app in a great position to grow.

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