Action Trac

Regulation Crowdfunding offering on MicroVenture Marketplace

$10,975

of $500,000 goal

2.2% funded

About the offering

According to a 2018 Gallup poll, 66% of employees consider themselves to be either “not engaged” (53%) or “actively disengaged” (13%) at work. Those who are “not engaged” typically do just the bare minimum amount of work required while those who are “actively disengaged” openly express dissatisfaction with their job.ii Consistently having low employee engagement can have adverse effects on a company. Teams with low engagement often experience lower productivity, are less profitable, and have higher employee turnover. Gallup has found a couple of common components for companies with high-engagement: an unwavering focus on providing a culture where employees can perform at their best and embracing a culture of engagement where employees can continuously develop. “Engagement is highly related to positive business outcomes” — Gallup. Founded in 2017, ActionTrac aims to provide workforce solutions for businesses to improve employee engagement, performance, productivity, and, ultimately, increase business results. ActionTrac offers three different business solutions: TeamVue, PeerSocial, and TeamVue Collaboration that monitor, track, and reward performance, and enable collaboration across teams. Through its integration with Automated Data Processing Inc. (ADP), a provider of HR software, ActionTrac is able to market its business solutions to more than 740,000 businessesv that are clients of ADP. Currently, ActionTrac has over 5,000 users and counts a large hotel chain and a leading engineering firm amongst its business clients. Product: TeamVue - Automate employee performance, recognition, incentive, and award programs. TeamVue Collaboration - Unified search and engage architecture enables companies to increase the Pace of Business. PeerSocial - Socialize employee to make recognizing hard work fun and rewarding for everyone. TeamVue - ActionTrac TeamVue is a cloud-based internal employee management system designed to automate employee performance award systems and incentive programs. Through the TeamVue dashboard, employees can nominate their peers for various awards across numerous categories. TeamVue offers existing ADP customers the ability to transfer their employee information directly onto the dashboard. Non-ADP customers can upload their employee list directly onto the dashboard through a CSV file. An employee list is needed to control who has access to the dashboard.

FAQ

How much has Action Trac raised?

Action Trac has raised $10,975 of a $500,000 goal.

Where is Action Trac's campaign listed?

The offering is listed on MicroVenture Marketplace, an SEC-registered Reg CF intermediary.

What are the terms of Action Trac's raise?

Crowd Note, $4M cap, 20% discount.

When does Action Trac's offering close?

The stated close date is Feb 25, 2019.