TimeStatement vs. Clockodo

What is TimeStatement?

TimeStatement is a time recording software and billing tool in one. Accordingly, at the heart of the application are the options to easily record times and create invoices as well as track expenses. In addition, the solution offers customer and team management, a free definition of hourly rates, reports, multilingualism, support for various currencies, Excel, Word, and PDF export - among other things for invoice output - and much more. The Swiss TimeStatement AG initially provides interested parties with a free version of their premium package. This then costs 9.50 € per month and user. TimeStatement can be used unlimitedly free of charge for only one user and up to two projects.

What is Clockodo?

Clockodo is a cloud-based time tracking software designed for all company sizes since 2011. It allows users to easily and reliably record working and project times. With a stopwatch available on PC, Mac, and mobile devices such as smartphones and tablets, Clockodo tracks working hours and can assign them to specific customers, projects, and services. It also manages absences like vacations, illnesses, and overtime reduction, ensuring legally compliant hour accounts with target hours and break regulations. The project time tracking feature facilitates clear time and resource management with budgets, hourly rates, lump sums, and flexible reports.

How does Clockodo work?

Employees record their working hours using the Clockodo app on a PC or mobile device. Project-specific tasks and absences can be easily logged. The data is processed in real-time into the employee's hour account and the relevant project report. With the Clockodo report builder, users can sort and filter the times to be evaluated individually. Thus, with a few clicks, reports are created that clearly show where work was done efficiently and where there is still a need for optimization. Additionally, interfaces to accounting and payroll software streamline invoicing and payroll processes, making them quick and effortless.

Where is Clockodo hosted?

Clockodo stores its data in German data centers located in Frankfurt and Berlin, ensuring compliance with German law. These data centers are operated by Microsoft and are certified according to ISO 27001, among other standards.

Is Clockodo secure?

Clockodo fully complies with the General Data Protection Regulation (GDPR). Employers need to obtain permission from employees to collect and store personal data. Prospective customers can test the system free of charge for 14 days. After that, customers can choose from various pricing packages that best suit their needs. All times recorded during the trial period will be retained and seamlessly integrated into the chosen package.