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Sep
9
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02/23/2010

NETtime Solutions Announces Profitable 2009 Fiscal Year


NETtime Solutions Records Profitable 2009 Fiscal Year on 43% Increase in Revenues

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--NETtime Solutions, developer of software as a service (SaaS) time and attendance solution, NETtime™, announced Thursday a 43% increase in revenue from operations over 2008 figures, despite the recessionary economy of 2009. Users of NETtime increased 54% with the addition of clients like ASU, Benjamin Moore Paints and Schumacher Group.

U.S. personnel increased 25% over 2008 staffing levels. The increases included additional support staff to ensure the availability of live U.S.-based representatives who respond to client calls for help in an average response time of less than a minute, with less than 0.5% of calls rolling to voicemail. Clients experienced 99.99% uptime of their NETtime time and attendance solution.

When asked about the results, founder and CEO Bahan Sadegh said, “We are ecstatic about our performance and that we have successfully transformed ourselves from a software company to a service company. I am very proud of what we have built here and look forward to another prosperous year.”

About NETtime Solutions

NETtime Solutions delivers on-demand time and attendance recording and reporting as a monthly subscription SaaS solution. Their flagship product, NETtime™, is a 100% web-based, cross platform, cross browser solution that is utilized by companies of all sizes. Their service helps companies maintain compliance with local, state and federal labor laws while eliminating the costs associated with manual payroll processing and maintaining an on-site time and attendance solution

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NETtime Solutions Records Profitable 2009 Fiscal Year on 43% Increase in Revenues
QUICK LOOK

What are NETtime's system requirements?
Access the service from any machine running any operating system with a web browser and an internet connection. And, since NETtime™ is a 100% SaaS solution, you can use the service with any modern browser: Internet Explorer, Netscape, Safari, Firefox, Opera, Chrome, or even Konqueror.

How are users billed for the service?
Users are billed on a per-employee-per-month basis. You are only charged for active employees and there is never an additional charge for supervisory or managerial access.

Can I Schedule A Report To Generate Automatically?
Absolutely. NETtime provides users the ability to schedule a one-time report, or a recurring report that is generated as often as you need (daily, weekly, monthly). You can also have reports automatically emailed to you or to others.