TimeStatement vs. TimeTac

TimeTac is a time tracking software for medium and large enterprises that allows users to easily record and manage working hours, project hours, holiday and absence times. The system can be used as a cloud solution on all devices. In addition to the main functions, which consist of legally compliant working time recording, direct export options to payroll, evaluations, features for time-based project control and simplified holiday organisation, the software can also be flexibly adjusted to any requirements.

The software modules for time recording, project time recording and holiday management can be obtained individually or combined flexibly. All modules are activated and booked per user.

TimeTac's core functions are:

Work time recording

• Time recording live and retrospectively
• Different working time models
• Mapping legal requirements
• Hourly billing for payroll accounting
• Recording and calculating overtime
• Correction of incorrect bookings
• Evaluations and reports
• Export for payroll accounting (DATEV, BMD, etc.)

Project time recording

• Record time spent on tasks, projects, and customers
• Task/project allocation
• Evaluation and statistical functions
• Finalization & billing
• Project controlling with target/actual and cost/revenue
• Allocating and planning human resources
• Project planning with utilization/capacity

Holiday management

• Automatic calculation of holiday entitlement and absence times
• Plan, coordinate, apply for absences
• Create reports/evaluations
• Different calendar views
• Holiday transfer/holiday expiry
• Public holiday calendar DACH
• Holiday locks and company holidays

TimeTac exclusively stores its data with ISO 27001-certified hosting service providers in the EU.

TimeTac is a software provider based in Graz, Austria and has been awarded as a "Certified Cloud Provider". The software is EU-GDPR compliant.