A time tracker application is a web or mobile application with two sets of users: companies and contractors. Companies use the app to submit work orders via an admin interface, view task progress in real-time, and receive invoices generated by the app based on hours spent working on tasks. Contractors use the app to view available jobs, submit quotes for these jobs, accept job offers from employers, track time worked on each job, and submit invoice payments via check or wire transfer. The app may also include a dashboard that enables administrators to analyze contractor performance metrics such as billable hours per week or year.
Time tracking apps are similar to expense management apps, project management apps, and analytics apps. One of the most popular time tracking applications is Toggl.
A time tracking app built for specialists in the healthcare industry that allows trainees to track the hours they've put in towards their program's requirements.
$25,199
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A time tracker app can grow by focusing on a specific type of user and by solving a specific problem. Some examples of time tracking apps include Toggl, which focuses on helping companies with their project management, and Timely, which focuses on understanding how employees spend their time in the workplace. In order to grow, a time tracker app needs to show that it is the best possible solution for the target market, and it needs to provide customers with a lot of value in exchange for using its product.
A time tracker app faces legal and reputational risks associated with the handling of sensitive personal information and violations of data privacy laws such as HIPAA or GDPR. Many time tracking apps will leverage third-party APIs for the storage of sensitive information such as employee SSN, phone number, address, and other personally identifiable information. It is recommended that you obtain appropriate permission to use this information before storing it on your app.
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