Timemsystem

What Timemsystem does

TIMEmSYSTEM ApS is a Danish private limited company founded in 2010 that develops mTIME, a time and resource optimization system purpose-built to handle the complexity of Danish collective agreements (overenskomster) and working time regulations. The platform automatically calculates vacation, flex time, care days, absence, inconvenience allowances, overtime, time-off-in-lieu, and holiday compensation for organizations subject to Danish labor rules, and is delivered as a tiered subscription product (Starter for 1-100 licenses, Pro for 100-500, Enterprise for 500+) with annual billing and add-on modules mDUTY (shift scheduling), mBUDGET (time budgeting), and mVIEW (data warehouse with Excel and Power BI synchronization), plus a mobile mTIME App.

The company sells primarily into the Danish public sector, where it self-identifies as market leader in the Staten, alongside semi-public organizations, private companies, and educational institutions, with named reference customers including Digitaliseringsstyrelsen (DIGST), Det Kongelige Bibliotek (DKB), Beredskabsstyrelsen (BRS), Sundhedsstyrelsen (SST), and the Ministry of Environment and Food. Go-to-market is sales-led and event-driven: direct demo booking through the website, dedicated sales and consulting email channels, and recurring ERFA meetings, webinars, and training sessions for HR, finance, and education audiences. Distribution is single-country (Denmark) with no evidence of resellers, marketplace presence, or geographic expansion.

Revenue is generated through annual subscription licenses bundled by tier, with cross-sell driven by add-on modules and integration value. TIMEmSYSTEM monetizes switching cost and compliance value through pre-built integrations with the dominant Danish payroll, HR, ERP, and BI systems, including Statens Lønsystem HR Løn, Visma Løn, Lessor, ORACLE HR, Navision, Microsoft Exchange, Power BI, and TargIT. The company holds no disclosed funding, operates as an independent private company with no parent-subsidiary relationship identified despite Visma branding appearing in marketing imagery, and is certified ISAE 3000 GDPR Verified (2024) with ISO 27001-aligned IT security and GDPR-compliant data handling within EU/EES.

Name

Timemsystem

Legal name

TIMEmSYSTEM ApS

Website

https://timemsystem.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

TIMEmSYSTEM develops mTIME, a Danish time registration and resource optimization system that automates compliance with collective agreements and working time rules. It serves the Danish public sector, where it is the self-identified market leader, alongside semi-public, private, and educational institutions through tiered subscription licensing and add-on modules.

Ownership category

akta.pro rank

Product category

Workforce management / time registration software

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Payroll, Time & Attendance (BPACAPAB)

Keywords

• Time registration software
• Absence management system
• Shift scheduling tool
• Danish collective agreements
• Workforce compliance software

Headquarters

HQ city

Glostrup

HQ country

Denmark

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Software Licenses (Subscription): TIMEmSYSTEM generates revenue through software licensing with tiered packages (Starter, Pro, Enterprise) based on the number of user licenses. The Starter package covers 1-100 licenses, Pro covers 100-500 licenses, and Enterprise covers 500+ licenses. Additional modules (mDUTY, mBUDGET, mVIEW) can be added to extend functionality.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

TIMEmSYSTEM develops and sells mTIME, a SaaS-based time and resource optimization system for Danish organizations that automatically handles complex Danish collective agreements and working time rules. The system calculates vacation, flex time, absence, care days, time-off-in-lieu, overtime, supplements, and holiday compensation, and exchanges data with HR, payroll, and financial systems. The platform is extended by three optional add-on modules (mDUTY shift scheduling, mBUDGET time budgeting, mVIEW data warehouse/reporting) and a mobile app, sold via tiered subscription packages (Starter, Pro, Enterprise).

Product overview

TIMEmSYSTEM offers mTIME, a unified time and resource optimization platform designed for the Danish public and private sectors. The core product mTIME handles time registration with automatic calculation of vacation, absence, flex time, supplements, and holiday compensation. The platform follows a modular architecture with three add-on modules: mDUTY for shift scheduling, mBUDGET for time budgeting, and mVIEW for data warehouse and reporting. A mobile app extends functionality to field workers. The company offers three package tiers (Starter, Pro, Enterprise) scaling from 1 to 500+ licenses, targeting both public institutions and private organizations with complex Danish collective agreements.

Differentiator

Problem solved

Functional benefit

Brands

• mDUTY: Shift scheduling module that integrates with mTIME for automated shift planning and workforce management.
• mBUDGET
• mVIEW

Products and services

• mTIME Flexible time registration system for Danish organizations that automatically handles complex Danish collective agreements and working time rules, automatically calculating vacation, flex time, absence, supplements, and holiday compensation, and providing management information and analysis.
• mDUTY Shift scheduling module that integrates fully with mTIME, automatically transferring collective agreements, working time rules, local agreements, and compensation days between mDUTY and mTIME.
• mBUDGET Time budgeting module that provides visibility into the difference between planned and actual time consumption, helping identify and manage imbalances across tasks and projects.
• mVIEW Data warehouse and visualization tool that provides full control over which data is displayed and how it is presented, with automatic synchronization to Microsoft Excel and Power BI.
• mTIME App Mobile application that enables employees to register their time and activities quickly from a mobile device without needing a computer.

Quantifiable outcome

• Eliminates double work through integrations, minimizes errors, and ensures automatic data flow between solutions
• +1 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature6 records

Partnerships

Six partnerships are on record, tiered core.

• NavisioncoreTechnology or IntegrationNavision integration delivers the administrative and professional registration framework and receives employee time entries. This integration enables seamless data flow between mTIME and the Navision financial system.
• Microsoft ExchangecoreTechnology or IntegrationTwo-way synchronization of employee activity and absence registration, along with local bookings directly in and from the employee's Outlook calendar.
• Statens Loensystem HR LoencoreTechnology or IntegrationReceives employee creation and termination data, delivers payroll run numbers, receives absence registrations and one-time salary elements.
• Visma LoencoreTechnology or IntegrationReceives absence registrations and one-time salary elements from mTIME for payroll processing.
• LessorcoreTechnology or IntegrationDelivers employee information to mTIME and receives absence registrations and one-time salary elements.
• ORACLE HRcoreTechnology or IntegrationProvides employee information, organizational structure to mTIME, and receives absence registrations.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Visma: Large Nordic provider of HR, payroll and business software with significant Danish market share. Comparable as a broad incumbent offering overlapping HR/payroll/time capabilities to the same Danish public and private sector customers that TIMEmSYSTEM serves.
• Workday: Global cloud HCM platform (parent of Planday). Comparable as a broad incumbent increasingly localizing for European complex labor markets and adjacent to TIMEmSYSTEM's time & attendance space.
• SAP SuccessFactors: Global enterprise HCM suite used by large Danish public sector and enterprise organizations. Comparable as a broad incumbent offering overlapping time, payroll and workforce management capabilities at scale.
• UKG (Ultimate Kronos Group): Global workforce management and HCM vendor. Comparable as a broad incumbent in time, attendance and scheduling — the exact functional categories TIMEmSYSTEM competes in — with growing European footprint.

Direct peers

• Planday: Danish-founded shift scheduling and workforce management platform (now owned by Workday). Comparable because it targets similar Danish and European customers with employee scheduling and time tracking functionality that overlaps mTIME and mDUTY.
• Lessor: Danish HR and payroll software provider that TIMEmSYSTEM directly integrates with. Comparable as a peer in the Danish HR/payroll/time registration ecosystem serving the same public sector and enterprise customers.
• Silkeborg Data: Danish vendor of HR, payroll and time management solutions. Comparable as a direct competitor offering time registration and absence management to Danish organizations with collective agreement complexity.

Emerging players

• Deputy: Cloud-based shift scheduling and workforce management platform. Comparable because it overlaps with mDUTY functionality for shift-based organizations, increasingly targeting European mid-market customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

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 Timemsystem