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LATHEM EXPANDS SUPPORT FOR QUICKBOOKS USERS

LATHEM TIME ANNOUNCES A FAST, EASY AND ACCURATE TIME AND ATTENDANCE SOLUTION FOR QUICKBOOKS CLIENTS

ATLANTA, Ga. – July 20, 2004 -- Lathem Time Corporation, one of the world’s leading designers and manufacturers of time and attendance products for small business, today announced that its No. 1-selling automated timekeeping system, PayClock® EZ, shares data with Intuit’s (NASDAQ: INTU) QuickBooks® 2004 Pro, Premier and Enterprise products. This exchange of critical data helps small businesses who use these products manage their business more efficiently – making payroll preparation fast, easy, and accurate.

“PayClock EZ 2004 expands Lathem's lead in the automated time and labor management industry by introducing more options and easier connectivity to help small businesses proactively manage time and attendance costs, including seamless integration with QuickBooks 2004 products,” said Philip Seagraves, Lathem Time’s director of business development.

PayClock EZ 2004 features many improvements over the 2003 version, including fixed weekly rotating schedules, a global holiday time option and QuickBooks support.

PayClock supports behind-the-scenes seamless integration with the latest 2004 QuickBooks products. This integration ensures employees’ pay codes and payable hours are always up to date and synchronized between the two applications, PayClock also now shares data through an export file with Intuit's Complete Payroll software.

PayClock EZ is the No. 1-selling time and attendance system for small business with well over 20,000 installations in the United States, Canada and Mexico. The PayClock EZ system is currently available at 2,000 retail locations, including Office Depot and Staples super stores for less than $500. The low purchase price offers payroll clients a more affordable total solution than reoccurring monthly lease models offered by some payroll providers.

PayClock's automation reduces payroll preparation time by up to 80 percent and eliminates inaccuracies associated with manual calculations, saving up to 3 percent in payroll costs. The integration allows companies to easily share employee hours with QuickBooks applications without having to re-key information in both systems. “This automatic data transfer prevents data errors, improves overall efficiency and productivity, and allows small businesses to concentrate on their core competencies, instead of spending time on administrative processes such as payroll and timekeeping,” Seagraves said.

About Lathem Time

Headquartered in Atlanta, Ga., Lathem Time is one of the world's leading designers and manufacturers of time and attendance products for small business. The company specializes in mechanical and automated employee time and attendance tracking systems, including the No. 1-selling automated system for small business, PayClock EZ. PayClock's automation reduces payroll preparation time by up to 80 percent and eliminates inaccuracies associated with manual calculations, saving up to 3 percent in payroll costs.

Founded in 1919 by George Lathem and his son Louie Lathem, Sr., Lathem Time remains a family-owned and operated company with 175 employees. Over 300,000 companies worldwide use a Lathem timekeeping product for managing their business.

 

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Media Contact:
Wendy Alpine
Alpine Communications
(770) 321-6386
wendy@alpinepr.com
 



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