Timeclock 2.0 Technology Released

BOISE, Idaho, April 1, 2008 /PRNewswire/ -- Today, TSheets.com
(http://www.tsheets.com) announced the launch of a new standard for web-based
timekeeping called "Timeclock 2.0". This standard was developed to create a
benchmark for emulating the simple clock-in/out functionality of traditional
time clocks, while still providing a web-based application. "We created this
standard because most of the time keeping software is just too expensive and
not practical for small business owners," says Matt Rissell, CEO of TSheets.
The standard focuses on the most critical point of time tracking, clocking in
and clocking out. "If you can't make it easy to clock in and out, business
owners will just revert to paper timesheets," says Rissell. Other elements of
the standard include mobile clocking in/out, managing multiple locations, and
payroll reporting.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080401/AQTU041LOGO)
Founded in 2006, TSheets is part of a growing web segment called
"Software-as-a-Service" (SaaS) that uses a subscription-based business model
to spread the costs of software over 1000s of users, making it affordable for
small business owners to use modern technology. Examples include Google's
Gmail, Salesforce.com, Yugma.com and dozens of other web-based business tools.
Part of the popularity of SaaS applications is that they typically have a low
monthly fee based on the number users, with support and upgrades often
included in the subscription fee. "Timeclock 2.0 is really made possible by
the SaaS business model," says Rissell.
A typical small business owner still uses paper time sheets or analog
punch clocks for managing employee time. Most PC-based time keeping
applications are bundled with expensive HR or payroll packages. Other
web-based software is available, but cater primary to single-users such
free-lancers or contractors. TSheets' customers are small business owners
with 5 to 20 employees. "Our focus is the small business owner and his or her
employees," says Rissell. Thus the focus on emulating an environment that a
small business owner is most used to. The key to making it easier to use for
small business owners was simplicity. "We are constantly reminding ourselves
who our core audience is," says Rissell.
Rissell has plenty of first-hand experience with the issues of
time-keeping. As the owner of a chain of printing supply stores, Rissell
experienced first-hand the frustrations of dealing with time sheets, payroll
preparation, and consolidating multiple locations. "I just thought this was
part of running a business," says Rissell. What bothered Rissell the most was
the actual process of tracking time. "I knew that the numbers weren't
accurate, and it was driving me crazy," says Rissell. Most of this was not
dishonest employees, but just the inherent nature of using paper time tracking
methods. After not being able to find an application that would work for his
business, Rissell contracted with a top developer named Brandon Zehm to build
a web-based application. After using the application for a month, the results
were obvious. "We figured we saved about $2000 in the first month," says
Rissell. Not long after, Rissell sold his business and partnered with Zehm to
start TSheets. "After my last company having the headache of over 30
employees and four locations, I was passionate about my next business being
web based," said Rissell.
Since then, they have focused on keeping that original simplicity while
still adding robustness and functionality. In addition to the announcement of
the Timeclock 2.0 initiative, TSheets also announced the release of several
new features of their web-based time tracking software, including the release
of a free single-user version. One of the most unique new features is a time
sheet editor that uses Rich Internet technology to allow managers to edit time
sheets through a graphical interface called "Time Slider." Additional
enhancements in this version include Paid Time Off (PTO) tracking, Quickbooks
integration, and additional reporting functionality.
To learn more, visit TSheet's media page at http://media.tsheets.com.
About TSheets
TSheets (http://www.tsheets.com) is a web-based time and attendance
program that allows you and your employees to clock in and out from a computer
or cell phone. Currently, TSheets' customers have several thousand employees
using TSheets throughout the world and is multiplying daily. Founded in 2006,
TSheets is based in Meridian, ID and currently has a staff of nine. For more
information, please contact Justin Foster at Tricycle Consulting --
justin@thetricycle.com or 208-841-3497.
SOURCE TSheets.com

Justin Foster of Tricycle Consulting, +1-208-841-3497, justin@thetricycle.com,
for TSheets.com