AUSTIN, TX, Sep 25, 2008 (MARKET WIRE via COMTEX News Network) -- Asure Software (NASDAQ: ASUR), a leading provider of workforce management software, announced availability of a new release to their popular Labor and Time Management product, iEmployee Time & Attendance, that provides users with greater visibility and control over Paid Time-Off (PTO) programs. These improvements allow companies to reclaim lost revenue by ensuring policy adherence across the entire organization.
As reported by HR.com in a global survey on employee time-off(1), the average employee claims three days of unreported PTO per year, costing the typical 1,000 person company $330,000 per year. The updates made to iEmployee Time & Attendance permits organizations to practically eliminate the opportunity for overpayment due to non-compliance on timesheets.
Built based on feedback from human resources and payroll professionals, the Time & Attendance module's enhancements include:
An intuitive accrual wizard -- making it easier to implement and enforce PTO policies
"Customers frequently remark how iEmployee saves their company money by improving how they administer PTO Programs," said John Stockton, Vice President of Product Management for Asure Software. "We recognize for most organizations transitioning from paper-based systems to web-based solutions that automates employee time tracking can be distressing. That is why iEmployee goes to great lengths to ensure we offer solutions that are easy-to-use, quick-to-implement and cost-effective -- regardless of company size."
(1) HR.com, "Global Survey on Employee Time-off and Financial Implications"
This newest release is available to all iEmployee Time & Attendance customers effective immediately, at no additional cost. For more information about iEmployee Workforce Management Solutions, visit www.iemployee.com.
A pioneer in On Demand Workforce Management solutions, iEmployee delivers web-based, human resource management software that enables customers to easily, and affordably transition to time sheet software, online benefits, online paystubs and W2s allowing -- automating many HR activities. All products are fully hosted by iEmployee, there is no software to install or hardware to maintain, thus providing a quick and painless way for customers to take their first step into a fully-automated Human Resource Management System. For more information, please visit www.iemployee.com.
Headquartered in Austin, Texas, Asure Software (ASUR), (a d/b/a of Forgent Networks, Inc.), empowers small to mid-size organizations and divisions of large enterprises to operate more efficiently, increase worker productivity and reduce costs through a comprehensive suite of on-demand workforce management software and services. Asure's market-leading suite includes products that optimize workforce time and attendance tracking, benefits enrollment and tracking, pay stubs and W2 documentation, expense management, meeting and event management, and asset tracking and reservations. With additional offices in Seekonk, Mass., Vancouver, British Columbia, and Mumbai, India, Asure serves 3,500 customers around the world. For more information, please visit www.asuresoftware.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:
Statements in this press release regarding Forgent's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.
SOURCE: Asure Software