Time tracking is a crucial activity for small businesses, entrepreneurs and really any project-based customers.
Nearly two million consumers still use paper and pen or other disconnected solutions to track time and get paid. Intuit seems to think that it’s because these outdated methods demonstrate companies longing for something that will deliver on no work, no time and complete confidence. To deliver on this promise, Intuit announced that they are acquiring long-standing partner, TSheets.
Intuit and TSheets share a long history of helping customers succeed together. Beyond their seven year long successful partnership, Intuit decided to acquire TSheets because of its product and technology capabilities, its strong customer base, excellent support staff, and how they value employees by placing a premium on company culture.
As part of Intuit, TSheets also shared how they see a tremendous opportunity to grow faster and reach even more customers, providing a seamless experience that will contribute to the world’s largest small business and self-employed ecosystem.
Both Intuit and Tsheets want to provide customers with a smarter way to quickly and accurately run payroll, manage their time, send invoices, and understand profitability by project.
Once the transaction closes, TSheets will become a new offering within Intuit’s Small Business and Self-Employed Group. Matt Rissell, TSheets’ co-founder and current CEO, will assume the role of Segment Leader. The deal will become final mid-January.
Want to learn more about this acquisition or to see if TSheets is right for you? Our SoCo staff are experts in TSheets and Quickbooks software and are more than happy to assist you. Contact us here.