Gevity Partners with Time America to Provide Time and Labor Management Solutions.BRADENTON, Fla. & TEMPE, Ariz. -- Gevity (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : GVHR), the leading provider of a comprehensive insourced employee management solution, has partnered with Time America (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : TMAM) to provide automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. time and labor management solutions to help companies reduce operational costs and improve the management of employees. Under the arrangement, Gevity will private-brand Time America's suite of Web-based, client-server and desktop time and labor management solutions. Time America's software applications and data collection systems provide innovative, cost-effective methods for companies to automate the process of tracking employee time and human resource data. Employees can enter time and attendance information in a variety of ways including badge or key terminals, Internet browser See Web browser. , telephone and biometric hand readers. Through the Web, employees can review time sheets, benefit balances and check schedules. From there, supervisors can manage employee data and run reports to manage overtime, track job costing Job versus Process Costing Job costing (also called job order costing) is a fundamental part of managerial accounting. It differs from Process costing in that the flow of costs is traced by job instead of by process. and analyze work force productivity. "Time America's products are intuitive, while providing advanced features and functionality," said Mark Zimmerman, vice president of information technology, at Gevity. "Time America's products were configured con·fig·ure tr.v. con·fig·ured, con·fig·ur·ing, con·fig·ures To design, arrange, set up, or shape with a view to specific applications or uses: to work with our technology, allowing us to extend our suite of human resource and payroll solution offerings to our clients." With more than 125,000 employees under management and more than 8,000 customers, Gevity is well positioned to extend the reach of Time America's automated time and labor management solutions in the marketplace. "Companies seeking to automate and improve the tracking capabilities of their employee time and human resource data will benefit from this partnership," said Jonathan Weiss, vice president of business development, Time America Inc. "In addition, Time America's customers will have the opportunity to contract with Gevity for a fully insourced solution that addresses all of their human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. needs." About Gevity Gevity helps clients increase profits, grow sales and improve customer satisfaction through our comprehensive employee management solution. We serve as the insourced human resource department to small- and medium-sized businesses nationwide. Our unique approach integrates three key drivers of business success: work force alignment, administrative relief and business protection. We deliver our solution through our innovative people, processing and portal approach, combining the resources of our highly skilled human resource consultants and our scalable, Web-enabled technology platform. About Time America Inc. Time America Inc. has been a leading provider of Web-based, client-server and desktop time and labor management solutions since 1988. Time America's family of Web-based, client-server and desktop solutions deliver a cost-effective, automated means for employee time and attendance tracking, management of labor resources and payroll processing. The Deloitte Technology Fast 500 has honored Time America as one of the 500 fastest growing technology companies in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. consecutively for 2003 and 2004. For more information, please visit the Time America Web site at www.timeamerica.com. The Time America name is a registered trademark of Time America Inc. All other names are the property of their respective owners. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Certain information and comments contained in this press release may be forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934). Factors set forth in Time America's Annual Report on Form 10-KSB for the fiscal year ended June 30, 2004, and subsequently filed Form 10-QSBs, or with respect to Gevity, its Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended Dec. 31, 2004, and subsequently filed Form 10-Qs Form 10-Q See 10-Q. , together with other factors that appear in this press release or in the other Securities and Exchange Commission filings made by the respective companies, could affect the actual results of the companies and could cause the actual results of the companies to differ materially from those expressed in any forward-looking statements made by, or on behalf of either company, in this press release. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion