This post is about a company I’ve been involved with from the start. I’ve seen it grow from an idea to a startup and participated in the Microsoft Ventures and Rockstart accelerator programmes.
TIQ is devoted to making time tracking less of a pain. It proactively captures your work activities
and uses them to automatically generate an overview
of the time you spent on specific clients, projects or tasks. We have created a short video to illustrate how it works:
In this post I will shortly explain what TIQ is, how it works and how I got involved in this company.
The idea behind TIQ originated from a previous project I was working on ProjectBooks with Nick Schils, the founder of TIQ. ProjectBooks already had a foundation for automated time tracking, built on top of a full-featured CRM solution. That’s when we saw the potential of automated time tracking and decided to create a spin-off to focus on doing just that.
The problem behind time tracking is not that there are not enough tools out there. The real problem is that people don’t use the tools, or use them too late.
We found that when workers are asked to fill out their timesheet, they simply go through their calendar, emails and documents to see what they worked on. At TIQ we automate that behaviour, and more, to make it easier to track hours and improve the accuracy of bookings.
Why is this necessary? First, workers generally hate filling out a timesheet and it’s a great challenge to make this less of a pain. On top of that, workers are bad at filling timesheets. This is costing companies €40.000 in potential revenue per individual employee
Without diving into too many details, this is how TIQ works:
- Connect: TIQ keeps track of the tools you work with. Connect it to your calendar, email, Microsoft Office and everything you worked on will be automatically put on your timesheet.
- Work: Just get your work done. TIQ automatically captures all activity and allocates the time to specific clients or projects.
- Validate: At the end of the day, just double-check the overview TIQ has made for you.
We provide integrations with more tools every day to ensure we cover the workflow for as many people as possible.
If you are like me, you might be a little concerned about TIQ collecting, processing and storing private data. During our time at the Microsoft Ventures Accelerator, we have worked together with Microsoft developers to get their seal of approval. This means we have been very cautious not to store any data we don’t need and encrypt all private information we collect. Even our developers won’t be able to read your sensitive information.
I’ve been involved with the company from day 1 and this has been an invaluable learning experience. A brief overview of the highlights:
- 2015: 200K seed investment
- 2015: Admitted to the prestigious Microsoft Ventures Accelerator (London)
- 2016: Admitted to the Rockstart Accelerator (Amsterdam)
- 2016: Won the “Emerging App of the Year Award” (Exact Software)
- 2016: 310K seed investment
- Product Designer (UI/UX of web application, marketing website, mobile application)
- Mobile application development: design & styling of the iOS app
- Marketing website: full-stack development (PHP website on Azure)
- Scrum master
Notable press coverage
- “Time tracking startup TIQ closes €310k seed round” (Startup Juncture, 2016)
- “Urenregistratie-startup TIQ haalt investering van €310.000 binnen en krijgt titel Emerging App of the Year” (Emerce, 2016)
- Urenregistratie vaak het ondergeschoven kindje in het bedrijfsleven (Emerce, 2016)
- “Amsterdamse startup TIQ pitcht voor de hele grote jongens in Londen” (Silicon Canals, 2016)
- “Twee ton aan investeringen voor TIQ” (AG Connect, 2015)
Full TIQ press archive: https://www.tiqtime.com/press
- Image courtesy: header image by TIQ