Tidsbanken

What Tidsbanken does

Tidsbanken AS is a Norwegian workforce management SaaS company founded in 1999 and headquartered in Bergen, Norway. The company develops and operates a cloud-based time tracking, shift scheduling, and project management platform used daily by more than 130,000 employees across over 3,000 Norwegian businesses. The platform is delivered across PC, mobile, and terminal devices, with architecture based on dotnet core / Entity Framework hosted on Microsoft Azure, and exposes a REST API plus a proprietary T-Link integration tool for Microsoft SQL Server sources.

The product surface spans 15+ integrated modules including digital time clocks (Stemplingsur), digital timesheets (Timelister), shift planning with cost calculation (Vaktlister), project management (Prosjektstyring/FLYT), holiday and absence management, quality management, HSE (occupational health and safety), digital checklists, deviation reporting, employee and crew registries (Personalliste/Mannskapslister), evacuation lists, and visitor registration — all sharing a common database so clock-in data flows automatically into payroll, billing, and safety workflows. Core differentiators are encoded specialization in Norwegian labor law (overtime, flex time, supplements, collective agreements), compliance with Norwegian bookkeeping law staff-list requirements, and vertical-specific solutions for workshop/automotive, maritime/shipyard, transport, fish/aquaculture, manufacturing, construction, and retail/service segments.

Tidsbanken operates a subscription-based SaaS revenue model with annual billing cadence and quote-based, non-publicly-disclosed pricing. Distribution is sales-led with dedicated consultants accompanying each customer through sales, implementation, training, and first payroll run, supplemented by framework agreements (notably YX station network for gas stations/convenience stores), accountant/bookkeeper referral channels, and a content-driven marketing program anchored on the Tidprat blog and TidPrat events. The company is privately held with no disclosed external funding, employs approximately 55 people, and holds Miljøfyrtårn (Eco-Lighthouse) environmental certification.

Name

Tidsbanken

Legal name

Tidsbanken AS

Website

https://tidsbanken.no

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

11–50 employees

Short description

Tidsbanken AS is a Norwegian workforce management SaaS provider, founded in 1999 in Bergen, offering time tracking, shift scheduling, project management, and integrated quality/HSE modules to over 3,000 Norwegian businesses spanning retail, manufacturing, maritime, transport, and construction verticals.

Ownership category

akta.pro rank

Product category

Workforce Management Software

NAICS

Accounting, Tax Preparation, Bookkeeping, and Payroll Services (5412), Office Administrative Services (5611)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Workforce Management & Scheduling (BPACAPAI)

akta.pro secondary industries

Time, Attendance & Scheduling Administration (BPACAIAE), Workforce Management Administration (Labor Forecasting, Rostering, OT Rules) (BPAAAHAD), Time & Attendance Administration (Timekeeping, Scheduling, Leave Tracking) (BPAAAHAC)

Keywords

• Workforce management software
• Time and attendance
• Employee scheduling
• HSE compliance
• Shift planning

Headquarters

HQ city

Bergen

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. SaaS Subscription: Tidsbanken operates as a subscription-based software-as-a-service model, where customers pay for access to the time tracking, workforce management, and related modules. Pricing is provided upon request/custom quote based on company needs and size.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Tidsbanken provides a cloud-based workforce management SaaS platform for Norwegian businesses, covering time tracking, shift scheduling, absence and holiday management, project and crew management, quality/HSE documentation, deviation reporting, and visitor/evacuation lists. The platform automates compliance with Norwegian labor law, collective agreements, and rotating-shift work-hour rules, and integrates with payroll and accounting systems.

Product overview

Tidsbanken is a unified workforce management platform offering 15+ integrated modules covering the complete employee lifecycle. The core platform centers on time tracking (Stemplingsur and Timelister), shift scheduling (Vaktlister), and project management (Prosjektstyring/FLYT), all feeding into payroll-ready reports. The platform extends into quality and compliance with dedicated modules for Kvalitetssystem, Avviksregistrering, Sjekklister, HMS, and Evakueringslister. Additional operational tools include Besøksregistrering/Gjestebok, Personalliste, and Mannskapslister. All modules share a common database enabling cross-functional workflows—for example, clock-in data auto-populates both timesheets and evacuation lists, and project hours flow directly into billing and payroll systems via integrations.

Differentiator

Problem solved

Functional benefit

Brands

• FLYT: New product launched for improved project management, increased productivity, and better results.

Products and services

• Stemplingsur (Time Clock)
• Timelister (Timesheets)
• Vaktlister (Shift Schedules)
• FLYT Prosjektstyring (Project Management)
• Ferie og Fravær (Holiday and Absence)
• Kvalitetssystem (Quality Management System)
• Avviksregistrering (Deviation Reporting)
• Sjekklister (Digital Checklists)
• HMS (Occupational Health and Safety)
• Evakueringslister (Evacuation Lists)
• Gjestebok (Digital Guest Book)
• Personalliste (Employee Registry)
• Mannskapslister (Crew Lists)
• Integrasjoner og API (Integrations and API)
• Tidsbanken App (Mobile Application)

Quantifiable outcome

• 90% time savings compared to manual timesheets
• +5 more outcomes

Named customers25 records

Segments8 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature8 records

Partnerships

Five partnerships are on record, tiered core and minor.

• eCountcoreTechnology or IntegrationTidsbanken and eCount entered into a closer partnership to help businesses gain control and necessary insight into their finances during challenging economic times. eCount specializes in accounting services for retail businesses with over 20 years of experience. Together they offer a complete solution for time tracking and payroll.
• Connect HRMcoreTechnology or IntegrationTidsbanken and Connect HRM formalized a partnership to deliver a complete solution for time registration integrated with Visma.net Payroll. The partnership combines Tidsbanken's 20+ years of workforce management experience with Connect HRM's expertise in payroll and HRM. The integrated solution is marketed as unique in the market.
• Lexit GroupcoreTechnology or IntegrationTidsbanken and Lexit Group developed an integration enabling seamless flow from time registration and material withdrawal to certification and approval by managers. The integration is specifically designed for Norwegian shipyard industry, allowing approval of time and material consumption in a single action.
• VismacoreTechnology or IntegrationTidsbanken integrates with Visma.net Payroll, offering what is described as an unbeatable product in the market for time registration and payroll. The partnership with Connect HRM specifically focuses on Visma.net Payroll integration.
• YX Norway (Rammeavtale)minorChannel Partner/ Reseller/ DistributorYX stations have access to Tidsbanken through the existing framework agreement (rammeavtale). This enables gas station/convenience store customers to easily adopt Tidsbanken as part of their existing YX membership benefits.

Scale indicators15 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Planday: Danish workforce management SaaS targeting SMBs in hospitality, retail, and shift-based industries. Closely comparable to Tidsbanken in product scope (scheduling, time tracking, payroll integration) and customer profile, with a similar European SMB go-to-market.
• Tripletex: Norwegian cloud accounting/ERP platform that includes payroll and time-tracking functionality. Comparable as a domestic Norwegian SMB back-office platform and a direct integration partner; competes in adjacent payroll/time workflows.
• Quinyx: Swedish workforce management SaaS for shift-based and frontline workforces. Comparable feature set (scheduling, time tracking, forecasting) and similar vertical-SMB orientation, making it a benchmark for Tidsbanken's potential Nordic expansion.
• Deputy: Global WFM SaaS for shift-based SMBs in hospitality, retail, and healthcare. Closely comparable in scheduling, time tracking, and shift marketplace functionality, representing Tidsbanken's principal global direct competitor if it expands outside Norway.
• Personio: European SMB-focused HCM platform covering time tracking, scheduling, payroll integration, and HR workflows. Comparable in customer target (European SMBs) and platform breadth, with broader HR functionality than Tidsbanken.
• Connecteam: Mobile-first workforce management platform for deskless and shift-based SMBs. Comparable in time tracking, scheduling, and operational modules (checklists, devations, messaging), with a mobile-first delivery model similar to Tidsbanken's mobile/terminal approach.
• WorkJam: Frontline workforce management platform with scheduling, time tracking, task management, and employee communications. Comparable in target use cases (frontline/SMB shift workers) and modular architecture, with stronger enterprise positioning.

Broad incumbents

• Visma: Large Nordic software group with broad payroll, ERP, and HR solutions used by most Norwegian SMBs. Overlaps with Tidsbanken through payroll and time-tracking modules and is both a partner (via Visma.net Payroll) and a competitive threat through bundling.
• BambooHR: Broader HR SaaS platform for SMBs, including time tracking and employee records. Comparable in SMB target segment but offers a wider HR scope than Tidsbanken's WFM focus, making it an aspirational benchmark rather than a head-to-head competitor.

Emerging players

• 7shifts: Restaurant-focused WFM SaaS with scheduling, time tracking, and tip management. Comparable to Tidsbanken's restaurant and food-service customer segment (Trekroneren, Bergen Kaffebrenneri, Kafé Koselig) where both platforms compete for hospitality accounts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/tidsbanken

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tidsbanken