Time tracking & accounting software B2B

The company offered is a software company with two packages: an hour registration software and an accounting package. 95% of the revenue comes from the hour registration system. The software can be easily interfaced with both its own accounting package and other accounting packages via API links. The packages are developed in Java.

Details
The company has a stable customer portfolio of 500 customers with a turnover of approx. 10% per year. The business model is based on a license structure with annual renewal. Customers appreciate the regular updates, personal support and the ability to adapt the software to specific needs. Both packages are attractively priced and position themselves at the lower end of the market.

Market
Main customer groups are business service providers and non-profit organizations. Products are very generic in nature and therefore suitable for many industries.