Financial Technology

Financial Technology

February 23, 2011

NETtime Solutions' SaaS Time and Attendance Solution Handles over $3 Billion Payroll in 2010

NETtime Solutions, a provider of hosted Software-as-a-Service (SaaS (News - Alert)) time and attendance solution, announced that it has collected time and attendance data used to calculate over $3 billion of payroll in 2010.

The numbers indicate that the company is recovering from the “recessionary deep freeze” along with its clients. Company officials also added that the strong growth in 2010 is a reflection of the customer confidence in the NETtime solution.

The flagship product, NETtime, is an on-demand time and attendance recording and reporting solution offered for a monthly subscription. The product, which is now in its sixth major release, is a 100 percent Web-based, cross platform, cross browser solution that is utilized by companies of all sizes.

NETtime gathers and stores employee time and attendance data, which helps organizations make informed workforce decisions. The solution also allows them to comply with local, state and federal labor laws.

The advantage of NETtime SaaS solution is that companies can access the data from anywhere, anytime, convert it to payroll through the many providers with which NETtime interfaces and continually add personnel and locations to the software as their businesses grow, company officials said.

“Our clients choose NETtime because of its flexibility, portability and scalability,” said Bahan Sadegh, CEO and founder of NETtime Solutions, in a statement. “They tell us that NETtime frees them to focus on strategic initiatives, improve productivity and increase the efficiency of their daily operations.”

The resulting solution, company officials said, accurately aggregates employee time and performance into line-of-sight metrics. Companies can then tie these metrics to performance-based pay to drive business success, they added.

Rajani Baburajan is a contributing editor for TMCnet. To read more of Rajani's articles, please visit her columnist page.

Edited by Jennifer Russell

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