Online Timesheet software
2019. Workforce management solution Quinyx raises $25M
Quinyx, the cloud-based workforce management solution, has raised a further $25 million in funding. The company’s workforce management software helps businesses of all sizes manage employee scheduling, communication, task-management and payroll integration. Quinyx’s core focus is shift-based or ‘flexible’ workers, including but not limited to those operating in the fast-food industry. Clients include McDonald’s, London City Airport, Burger King, Rituals, Swarovski, IHG, and Boots. I’m told that more recent wins include Daniel Wellington, and Odeon Cinemas Group. The software’s feature-set includes scheduling, shift planning and swapping, timesheet functionality via workers checking in using Quinyx’s mobile apps, and budget forecasting.
2017. Intuit acquired time-tracker TSheets
Intuit, the company behind products like QuickBooks, acquired TSheets, a time-tracking service and employee scheduling app with over 35,000 customers for $340 million. There’s an obvious overlap between the markets for QuickBooks and TSheets, both of which mostly target small to medium businesses. Indeed, Intuit tells us that the companies already share 12,000 customers. Clearly this isn’t a play to acquire new customers, but to build out the QuickBooks ecosystem and it’s worth noting that TSheets already offers an integration with QuickBooks. In talking to Intuit over the last few months, this idea of removing friction is very much at the heart of the company’s current product plans, especially with regard to QuickBooks.