resources / newsroom / press releases
TimeControl grows 400% in 1997!
MONTREAL - April 1, 1998 - HMS Software announced sales results for its 1997 fiscal year. With the launch of TimeControl 3, the client/server version of HMS Software’s popular project-oriented timesheet system, HMS showed a strong 4th quarter to drive up 1997 TimeControl revenues by 395% over the same period in 1996.
"We’re thrilled with the results," says Chris Vandersluis, President of Montreal-based HMS. "TimeControl has blown away all our previous projections. In 2 years, it has managed to outpace every other revenue source in the company."
TimeControl is proving a popular choice among large and medium-sized firms all over the world.
New TimeControl clients this year include:
Informix
NB Telephone
Anderson Consulting
Unisys
British Airport Authority
IBM
Delco
Dow Jones Telerate
"We think two main factors are affecting sales," says Vandersluis. "First, the year-2000 problem is forcing organisations to re-evaluate their current core systems including timesheets and, faced with the prospect of re-writing them or choosing an enterprise-wide system 'off the shelf', they’re electing to go with TimeControl. Second, more and more firms are re-orienting their management methodology to embrace a ‘management-by-project’ or ‘activity-based-costing’ model. Both of these are having a profound effect on our market."
TimeControl growth was further fueled by a range of new channel agreements. HMS now has full-service distributors in: Australia, Finland, Hong Kong, Italy, Malaysia, Mexico, Norway, South Africa, the United Kingdom and the US.
Early figures for 1998 show the pace of growth for TimeControl increasing with sales to such organisations as the Credit-Suisse/First Boston Bank and Rothmans Benson & Hedges leading the way.
About TimeControl
TimeControl was originally released in 1994. It was immediately successful in the project management sector and today is recognized not only as a project management solution, but also as an enterprise timesheet solution in use by companies worldwide. TimeControl is designed as a multipurpose timesheet able to serve the needs of both Finance and Project Management simultaneously. It includes features such as a multi-browser, multi-device interface, a PC and mobile interface, vacation approvals, executive dashboards, extensive approval functionality, flexible reporting and links to project management and corporate systems which makes the timesheet product ideally suited for integration with existing systems in any organization. TimeControl's flexibility allows it to be deployed for use as a time and attendance, time and billing, project tracking and flex-time system. TimeControl is available both for purchase for an on-premises installation or as an on-line subscription in the Cloud.
To access the free Hosted TimeControl Trial site, visit our free trial page.
For more information about TimeControl, monitor the TimeControl blog at http://blog.timecontrol.org/ or the TimeControl website at www.timecontrol.com.
For information about TimeControlOnline, our hosted timesheet subscription service in the cloud, go to www.timecontrol.com/features/timecontrol-online.
For any other questions, please contact HMS Software at info@hms.ca.
TimeControl is represented around the world by our distributors in Argentina, Australia, Brazil, Canada, Chile, Croatia, Czech Republic, Egypt, Finland, Ireland, Mexico, the Netherlands, New Zealand, Norway, Russia, Singapore, Sweden, Thailand, the UK, and the U.S.
About HMS Software
Based in Montreal, Canada with offices in Toronto, HMS Software has been a leading provider of project management and enterprise timesheet systems and services since 1984. HMS Software's first customized timesheet application was written in 1984. With the launch of TimeControl as a commercial application in 1994, HMS Software began servicing clients worldwide.
HMS Software's client list reads like a who's who of business. It includes Acergy, Aecon, Rio Tinto, the Atlanta Airport, the City of Montreal, the County of San Mateo, Electromotive Diesel, EXFO, FT Services, Kelly Services, Koch, Merck Frosst, the Government of Quebec, Georgia Pacific, Parker Hannifin, Rolls Royce, Sobeys, Volvo Novabus, Zimmer Inc. and hundreds of others.
For further information about HMS Software, please visit the HMS website at: www.hms.ca or contact us at info@hms.ca.