NETtime Solutions

NETtime Solutions provides a cloud-based time and attendance management platform, aimed at enhancing employee tracking and payroll processes for businesses across various sectors. Founded in 1988, NETtime Solutions specializes in time and attendance management. The company is headquartered in Scottsdale, US. In June 2014, it was acquired by Paychex, Inc.

Financial details of the acquisition were not disclosed. NETtime Solutions offers a cloud-based time and attendance management platform known as stratustime. This software allows employees to clock in and out, request time off, and manage their schedules effectively, enhancing operational efficiency. It serves small to mid-sized businesses and large corporations, supporting multilingual environments and integrating with over 60 payroll systems.

The product includes features for advanced scheduling, labor-cost forecasting, and biometric time clock capabilities, catering to industries requiring precise labor tracking and wage compliance. In the most recent year, NETtime Solutions reported a revenue of USD 3. 20 mn. The company employs a subscription-based pricing model for its stratustime software, where pricing is determined by the size of the client’s workforce, allowing for scalability as business needs evolve.

The firm collaborates with HR providers to enhance market presence and generate additional revenue through partnerships. Following its acquisition in June 2014, NETtime Solutions aims to expand its product offerings and market presence. The company is focused on developing new features for its stratustime platform to enhance user experience and operational capabilities. Additionally, NETtime Solutions plans to explore new geographic markets to increase its client base, although specific regions and timelines for this expansion have not been disclosed.

The recent acquisition by Paychex, Inc. is expected to provide resources that will support these growth initiatives.