TimeWatch
TimeWatch is an Israel-only cloud SaaS platform that provides multi-channel time and attendance management for Israeli businesses of all sizes, automating attendance-to-payroll workflows and compliance with Israeli labor law.
- Company typePrivate
- Founded2013
- HeadquartersRehovot, Israel
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What TimeWatch does
TimeWatch is a cloud-based SaaS time and attendance management platform built and marketed by an Israeli private limited company, Lhasa Vision Systems Ltd. (לסה ויז'ן מערכות בע"מ), headquartered in Rehovot. The product consolidates multiple attendance-capture channels — a web clock, GPS/geofencing mobile app, biometric fingerprint and facial recognition terminals, proximity card readers, Wi-Fi clocks, and phone/SMS reporting — into a single cloud dashboard that segments employee hours into Israeli payroll components (regular, overtime, weekend, holiday, vacation, sick, travel) and exports them directly to local payroll systems.
The system targets Israeli businesses of every size, from SMBs to enterprise groups with mixed office and field workforces, with a particular value proposition around compliance with Israeli labor law, notably the Wage Protection Law Amendment 24. Core differentiators include pre-built integrations with the major Israeli payroll platforms (Hilan, Mikpal, Sinal, Talm), Hebrew-language support, hierarchical digital approval workflows with stored signatures, and GPS-based geofencing for location-restricted attendance reporting. The firm sells via a self-serve freemium motion through its website, supplemented by phone-based sales, and markets through a Hebrew-language blog and social channels. An ISO certification is referenced but not specified.
The business model is a monthly SaaS subscription with optional biometric and proximity hardware sales as ancillary revenue. No external funding rounds are disclosed, suggesting organic, founder/management-led operation. The company claims thousands of organizational customers and approximately 5% payroll cost savings through elimination of manual data re-entry. Beyond the core platform, TimeWatch has launched the Work Agreements module for job-specific payroll terms and an AI-powered assistant called SmartMaite, though the depth of the latter is not documented.
TimeWatch firmographics
Firmographics- Name
- TimeWatch
- Legal name
- לסה ויז'ן מערכות בע"מ (Lessa Vision Systems Ltd.)
- Website
- https://timewatch.co.il
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- TimeWatch is an Israel-only cloud SaaS platform that provides multi-channel time and attendance management for Israeli businesses of all sizes, automating attendance-to-payroll workflows and compliance with Israeli labor law.
- Ownership category
- akta.pro rank
TimeWatch industry classification
Industry- Product category
- Time and Attendance Software
- NAICS
- Payroll Services (541214)
- SIC
- Services-Computer Programming Services (7371)
- akta.pro primary industry
- Time, Attendance & Scheduling Administration (BPACAIAE)
- akta.pro secondary industries
- Payroll, Time & Attendance (BPACAPAB), Time & Attendance Administration (Timekeeping, Scheduling, Leave Tracking) (BPAAAHAC), Workforce Management Administration (Labor Forecasting, Rostering, OT Rules) (BPAAAHAD)
Keywords
Where TimeWatch is headquartered
LocationHeadquarters
- HQ city
- Rehovot
- HQ country
- Israel
- HQ region
- Middle East
Offices1 record
Markets served
TimeWatch business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- SaaS Subscription (Monthly Fee): TimeWatch operates as a cloud-based (SaaS) subscription service with a monthly fee. No on-premise installation or hardware purchase required. The system is delivered as a managed service with monthly billing.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Standard SaaS subscription with multi-method attendance capture |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
TimeWatch product offering
Product offeringCore offering
TimeWatch provides a cloud-based (SaaS) employee time tracking and attendance management platform for Israeli businesses. The system unifies multiple reporting methods — web browser, GPS/Geofencing mobile app, biometric fingerprint clocks, facial recognition clocks, proximity card readers, Wi-Fi clocks, phone, and SMS — into a single cloud dashboard, then segments work hours into payroll components (regular, overtime, weekend, holiday, vacation, sick, travel) and exports calculated data directly to Israeli payroll software. It includes manager approval workflows, real-time alerts, geofencing, and full compliance with Israeli labor law including Wage Protection Law Amendment 24.
Product overview
TimeWatch is a cloud-based (SaaS) employee time tracking and attendance management platform. The core TimeWatch system unifies multiple reporting methods — an internet-based time clock, a mobile GPS/Geofencing app, biometric clocks (fingerprint, facial recognition), proximity card readers, Wi-Fi clocks, landline/mobile phone, and SMS — into a single dashboard. The system processes attendance data in real time, segments work hours into payroll components (regular, overtime, weekend, holiday, vacation, sick leave, travel), generates manager reports and digital signature workflows, and transfers calculated payroll data directly to payroll software. Supporting modules include a Work Agreements (הסכמי עבודה) module for job-specific terms and a SmartMaite AI assistant. All data is hosted in the cloud with no on-premise installation required.
Differentiator
Problem solved
Functional benefit
Products and services
- TimeWatch Attendance Management System (מערכת נוכחות TimeWatch) Cloud-based (SaaS) employee time tracking and attendance management platform for Israeli businesses. Unifies multiple reporting methods — web browser, mobile app with GPS/Geofencing, biometric fingerprint clocks, facial recognition clocks, proximity card readers, Wi-Fi clocks, landline/mobile phone, and SMS — into a single dashboard; segments work hours into payroll components (regular, overtime, weekend, holiday, vacation, sick leave, travel); produces reports; manages manager approval workflows; and exports calculated payroll data directly into Israeli payroll software.
- Biometric Time Clock (שעון נוכחות ביומטרי) Physical biometric time clock device using fingerprint scanning that connects to the cloud-based TimeWatch system, preventing buddy punching and enabling accurate attendance verification for office-based workers.
- Proximity Reader Time Clock (שעון נוכחות קורא קרבה) Proximity-card based time clock device for employee attendance recording, offered as an alternative to biometric or mobile-based reporting and connecting to the TimeWatch cloud platform.
- Facial Recognition Time Clock (שעון נוכחות זיהוי פנים) Facial recognition-based time clock device for employee attendance, offered as a standalone or combined solution with biometric and proximity reader functionality, transmitting attendance data to the TimeWatch cloud.
- Wi-Fi Time Clock (שעון נוכחות WIFI) Wi-Fi connected time clock device supporting facial recognition and biometric authentication, transmitting attendance data directly to the TimeWatch cloud platform.
- SmartMaite AI-powered assistant / smart feature within the TimeWatch ecosystem, referenced on the site sitemap as a separate product alongside the core TimeWatch system.
Quantifiable outcome
- ~5% savings in payroll costs by eliminating manual re-entry and reducing human error in payroll calculations
- +3 more outcomes
Companies that use TimeWatch
Customer profileNamed customers5 records
Segments2 records
Ideal customer profiles2 records
TimeWatch technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
TimeWatch partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- חילן (Hilan)corePre-built integration enabling one-click transfer of calculated attendance and payroll data from TimeWatch to Hilan payroll software.
- מכפל (Mikpal)corePre-built integration enabling direct data export from TimeWatch to Mikpal payroll software.
- סינאל (Sinal)corePre-built integration enabling one-click data transfer from TimeWatch to Sinal payroll software.
- טמל (Talm)corePre-built integration enabling direct data export from TimeWatch to Talm payroll software.
Scale indicators3 records
Recent moves6 records
Expansion highlights4 records
TimeWatch competitors and assessment
Company assessmentBroad incumbents
- Hibob (Bob): Israeli-founded HCM platform offering HR, onboarding, time & attendance, and payroll integrations for SMB/mid-market. Competes with TimeWatch in the Israeli HR-tech buyer evaluation but offers a broader HCM suite rather than a focused T&A specialist position.
- Workday: Enterprise HCM and workforce management suite including time tracking and absence management. Competes with TimeWatch in larger Israeli accounts but typically targets enterprises well above TimeWatch's SMB core.
- UKG (Kronos): Large enterprise workforce management and HCM suite (formerly Kronos + Ultimate Software). Sells time & attendance modules alongside payroll, benefits, and talent — overlap with TimeWatch's core T&A in mid-market and enterprise Israeli accounts.
- Personio: European SMB-focused HR suite with time tracking, attendance, and payroll. Comparable buyer (SMB employer) as TimeWatch but primarily serves DACH/UK markets rather than Israel, and offers broader HCM scope.
- ADP Workforce Now: Global payroll leader with built-in time & attendance, scheduling, and labor compliance features. Competes with TimeWatch indirectly by bundling T&A into payroll-centric procurement decisions at mid-market and enterprise customers.
Regional players
- Deel: Israeli-founded global HR, payroll, and contractor management platform. Overlaps with TimeWatch on Israeli employer needs but focuses on international/remote workforce rather than domestic T&A, positioning more as an adjacent player.
Direct peers
- Connecteam: Employee time tracking, job scheduling, and attendance app with GPS and mobile-first capture for deskless and field workforces. Directly competes with TimeWatch on multi-channel attendance capture and SMB/mid-market employer targeting, with global (vs. Israeli-only) reach.
- BambooHR: SMB-focused HR platform with built-in time tracking and PTO features. Competitor for the same Israeli SMB HR-tech buyer, though lacking TimeWatch's local labor-law specialization and Israeli payroll integrations.
- Deputy: Cloud-based workforce management including scheduling, time & attendance, and shift swapping for hourly employers. Comparable in feature set (multi-channel clock-in, payroll integration, alerts) to TimeWatch, with broader geographic footprint.
- TimeClock Plus (TCP Software): Workforce management platform with biometric and web-based time clocks integrated with payroll. Comparable multi-channel capture and payroll hand-off to TimeWatch, primarily serving North American mid-market and enterprise customers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
TimeWatch social profiles
Digital presenceTimeWatch compliance and trust
Trust signalCompliance1 record
TimeWatch financial estimates
Financial estimateRevenue estimate
Valuation estimate
TimeWatch leadership team
Management profileNumber of profiles
TimeWatch funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TimeWatch M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TimeWatch
What does TimeWatch do?
TimeWatch provides a cloud-based (SaaS) employee time tracking and attendance management platform for Israeli businesses. The system unifies multiple reporting methods — web browser, GPS/Geofencing mobile app, biometric fingerprint clocks, facial recognition clocks, proximity card readers, Wi-Fi clocks, phone, and SMS — into a single cloud dashboard, then segments work hours into payroll components (regular, overtime, weekend, holiday, vacation, sick, travel) and exports calculated data directly to Israeli payroll software. It includes manager approval workflows, real-time alerts, geofencing, and full compliance with Israeli labor law including Wage Protection Law Amendment 24.
Is TimeWatch a public or private company?
TimeWatch is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was TimeWatch founded?
TimeWatch was founded in 2013. It employs 1 to 10 people.
Where is TimeWatch based?
TimeWatch is headquartered in Rehovot, Israel, in the Middle East region.
How does TimeWatch make money?
One revenue line is on record: saaS Subscription (Monthly Fee).
Who are TimeWatch's main competitors?
Broad incumbents on record are Hibob (Bob), Workday, UKG (Kronos), Personio and ADP Workforce Now. Deel is listed as a regional player. Direct peers are Connecteam, BambooHR, Deputy and TimeClock Plus (TCP Software).
Does TimeWatch have an API?
No public API is recorded for TimeWatch.
What industry is TimeWatch in?
TimeWatch's product category is Time and Attendance Software. Its primary akta.pro industry code is BPACAIAE, Time, Attendance & Scheduling Administration, with a secondary code of BPACAPAB, Payroll, Time & Attendance. Its NAICS code is 541214 and its SIC code is 7371.