This week, Journyx marks 20 years of helping companies track their time and expenses.
Founded on December 19th, 1996 by CEO Curt Finch, Journyx was started with no money, investors or partners – only an idea. Finch created the world’s first web-based timesheet application and the foundation for the current Journyx product offerings in 1997.
The Story of Journyx
Finch founded Journyx as a result of his experiences leading project and product development teams at IBM and The Kernel Group. “We were fixing bugs in the AIX operating system at a flat rate of $2,000 per bug, and we came to realize, by tracking our time spent on fixing each bug, that some bugs were more profitable than others,” said Finch. “In short, this information allowed us to pick tactical directions for the company and gave us a leg up on the competition.”
Finch soon realized that there was a real need for companies to achieve the same results by tracking time on projects. “If you don’t know how profitable your projects are, you’re flying blind – and the only way you’ll know that is by tracking time,” advises Finch. “Time is the most precious commodity we have, and I founded Journyx on the premise that it should be invested wisely.”
Ten years after founding Journyx, Finch funneled his experiences from and knowledge of project accounting and profitability into his book, All Your Money Won’t Another Minute Buy: Valuing Time as a Business Resource, which covers the many reasons why time tracking is a must for companies of all sizes.
What Does the Future Hold for Journyx?
Finch describes the last 20 years as “educational,” especially with the growth of the time tracking software market and how technology has changed so much over the years. “The growth of the cloud market has been tremendous, and I’m proud that Journyx was at the forefront of cloud technology in the time and expense software space,” said Finch. “That’s where I want Journyx to be as we head into the next 20 years of this company – always innovating and going above and beyond for our customers.
“Over the years, we’ve created what feels a bit like a family here,” added Finch. “I hope, no matter what the next 20 years brings, that it will always feel that way.”