CORONA, Calif.--(EON: Enhanced Online News)--Time Rack™ is pleased to announce that it has joined the Financial Business Group Holdings (FBG Holdings) family of companies, effective July 31, 2013. The FBG Holdings family of companies provides payroll-related services and includes established industry leaders such as Cachet Financial Services and Payroll Tax Management, Inc. (PTM). The addition of Time Rack to the FBG Holdings portfolio will help facilitate the rapid growth that Time Rack is experiencing while keeping the focus on their core products and services.
“The Time Rack team has already proven themselves with an outstanding product and solid business model. I have no doubt that Time Rack will carry on our tradition of providing excellent services to the industry and growing another profitable FBG brand.”
According to Micheline Chabana, President of PTM and Time Rack, “The Time Rack team has already proven themselves with an outstanding product and solid business model. I have no doubt that Time Rack will carry on our tradition of providing excellent services to the industry and growing another profitable FBG brand.”
One of the main drivers of Time Rack’s growth is the introduction of new bi-directional integration between Thomson Reuters’ Accounting CS™ Payroll software solution and the Time Rack time, attendance, and human resources solution. The new functionality automatically shares data between Time Rack and Accounting CS Payroll in real-time, eliminating the need to manually sync data, reducing manual data entry, and ensuring that information stays up to date in both systems.
Sammy Singh, Vice President of Sales and co-founder of Time Rack, states, “We are absolutely thrilled about this acquisition. FBG Holdings has built a portfolio of successful companies within the payroll services marketplace, which is why we chose to join forces. Our new home with FBG coupled with the Thomson Reuters integration has created a foundation for exponential growth over the next few years and well into the future.”
About Time Rack
Time Rack provides complete, cloud-based, front-end time and attendance solutions for businesses in a wide variety of industries. Time Rack’s features include scheduling and document control systems, mobile apps, web-based and traditional time clocks, and a human resources module. The user-friendly, intuitive, and accurate solution features 24-hour access, multiple clock-in options, and complete support so users can process more payrolls in a timely and error-free manner. Time Rack’s mobile applications for iPhone and Android are perfect for staff on the go, especially employees with flexible work schedules and locations. More information is available at www.TimeRack.com.