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As of Jan 2020, these 26 SaaS companies are the largest in the Time Tracking Software space.

The Top Time Tracking Software SaaS Companies

This list tracks the largest private B2B Time Tracking Software SaaS companies by revenue. In total, this list features 26 companies with combined revenues of $137.7M.

These companies have raised a total of $129.5M. Together, these Time Tracking Software saas companies serve 3M customers and employ over 2K on their teams.

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Highlights

Top SaaS Companies with $5 - $10M ARR


Top SaaS Companies with $10M+ ARR


02
X
Xtime

Time Tracking Software

Xtime delivers retention solutions for the retail automotive industry. Xtime Spectrum is the industry's first fully integrated, cloud-based system designed to drive owner loyalty through one service experience platform. From the first touchpoint to che...

$30M
$59M
1M
332
2004
United States
03
oTMS
oTMS

Time Tracking Software

oTMS is the leading one-stop transportation platform. oTMS aims to build the first successful business community based transport management & e-sourcing platform in China. With cloud computing and mobile internet technology, oTMS provides SaaS (software as a service) to users in order to seamlessly connect the shippers, logistics and transport providers, drivers and consignees to tender, execute, track and bill for transport services in an entirely digitalized, real time workflow to boost customer service experience at a much better cost.

$22M
$25M
350
126
2011
China
04
H
Homebase

Time Tracking Software

Developer of an employee scheduling software intended to help people to track timesheet hours and schedules. The company's software provides cloud-based time clock and time sheets that helps to track hours from anywhere and save time on preparing payroll, enabling clients to quickly and easily message their co-workers and managers to manage everything within time.

$20M
$28M
-
277
2014
United States
05
WIW
When I Work

Time Tracking Software

Developer of a software platform for businesses to communicate with its employees. The company enables businesses to track payroll hours and prepare data for payroll processing via the cloud and to schedule and communicate with its employees using the web, mobile, text messaging and social media.

$6M
-
150K
175
2010
United States
06
T
Timedoctor

Time Tracking Software

Time tracking software for remote teams

$4M
-
140K
84
2010
United States
07
TL
TimeLog

Time Tracking Software

Provider of a time tracking platform. The company offers software services for time tracking, project management and billing to small and medium sized companies in the consultancy and IT business.

$4M
-
800
95
2001
Denmark
08
E
Everhour

Time Tracking Software

Accurate employee time tracking software

$3M
-
3K
15
2013
Belarus
09
CT
ClickTime

Time Tracking Software

The easiest way to track, manage, and report on employee time. Simple timesheets and powerful reports reduce costs & improve performance. Get started for free!

$3M
-
-
42
1999
United States
10
C
Clockify

Time Tracking Software

Time tracking platform Clockify

$2M
-
10K
70
2017
United States
1 - 10 of 24Next

What are the fastest growing companies doing?


83 of the fastest growing companies that also have the most revenue have a clear expansion revenue strategy. On average, sales reps are selling plans where starting contract value is $4,606.

Those same companies employ 1,678 sales reps that carry a quota. The most common compensation plan used by these companies is a 1:5 ratio of sales rep on target earnings (OTE) to quota. Meaning if a rep can earn $200k in base and commissions, quota target for that year is set at 5x, or $1m in new ARR closed.

If you’re going to build a high growth SaaS company, you need to figure out how to scale with quota carrying sales reps.

Which CEO’s are the most efficient capital allocators?


We can measure this a variety of ways. Which company has the most revenue per employee? What about dollars in revenue compared to dollars raised? What about time, which founder went from $0 to $10m the fastest?

Looking deeper at dollars in revenue compared to dollars raised, bootstrappers take the cake because they self fund (denominator zero). When we look at companies that have raised at least $1m, Actito is the clear winner generating $21m in revenue, growing 100% yoy, on just 1m raised ($.05 dollars raised for every $1 of revenue).

Omnisend comes in a close second with $.08 dollars raised for every dollar of revenue. Doing $19m as of December 2020. Proposify gets honorable mention with $0.46 dollars raised (3.25m) for every dollar of revenue ($7m).

The worst performers here are companies like YayPay with $3.68 dollars raised ($14m) per dollar of revenue ($3.8m). Many of the worst performers just did a round of funding and haven’t had a chance to deploy to drive growth yet. That makes this data less valuable but still illustrative.