Lathem Strengths, Domain Expertise, and Key Differentiators
Lathem specializes in three primary lines of business: time and attendance products, synchronized clock systems, and small business access control solutions.
PayClock Online offers on-demand access at any time, from web-enabled devices such as laptops, tablets, PCs, and even mobile Smartphones. Admins, managers, and even employees can have access to information on demand. Can set up multiple users with individual logins and permissions and choose what information can access to review, make edits, or even create reports in PayClock Online.
Lathem Recent Developments
Lathem has launched the model CT74, its most advanced web-enabled biometric time clock that makes it easier than ever to manage employee time and attendance. The model CT74 employee time clock is the next evolution of its FaceIN Face Recognition Series, which Lathem introduced in 2010. The first employee time and attendance company in the U.S. to offer face recognition biometric time and attendance solutions, Lathem’s face recognition time clocks allow employees to record their work hours by clocking in and out with a quick scan of their face. The CT74 clocks are designed to work exclusively with Lathem’s PayClock Online software, offering businesses the ability to manage employee time and attendance from any location and at any time. Companies can capture, manage, and securely integrate their workforce time and attendance data into payroll systems such as ADP, QuickBooks, Paychex, etc., when it is convenient for them and from anywhere via the web.
Lathem Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Lathem applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Lathem and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified PayClock Online customers.
Ownership: - x
Number of Employees: 100
Functional Markets: HCM,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K106, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Lathem Key Enterprise and Cloud Applications
Lathem Revenues, $M:
|Type/Year||2020||2021||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Lathem Revenue Breakdown By Type, $M:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
Lathem Enterprise Applications Revenues By Functional Markets, $M:
Lathem Enterprise Applications Revenues By Verticals, $M:
Lathem Revenues By Region, $M
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 Enterprise Applications Revenues, $M||2021 Cloud Applications Revenues, $M|
Lathem Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
Lathem Customers - Breakdown by Geo, Size, Vertical and Product
No. of Lathem Customers: 300000
No. of Lathem Enterprise Applications Customers: 300000
No. of Lathem Cloud Customers: x
No. of Lathem Cloud Subscribers: x
Lathem is serving more than 300,000 customers worldwide. Among its customers are The Town of Franklin, Countryside Glass & Mirror, Holiday Inn Express, Cornerstone Pediatrics, Pediatric & Adolescent Dentistry, Crime Prevention Agency ATL, Antelope Sales & Service, Aerotronics, NIC Law Enforcement Supply, 2 Guys Caterers and many others.
Lathem Market Opportunities, M&A and Geo Expansions
COVID-19 has forced companies to go remote or use contactless solutions as much as possible. While remote work was embraced by many companies, it isn’t a solution for everyone. For brick-and-mortar businesses, like supermarkets, farms, nurseries, and production facilities, masks, social distancing, and disinfecting are now commonplace, and contactless equipment and devices are also the norm. To keep employees safer, companies are looking for contactless systems as part of business operations including touchless employee time and attendance solutions. Face recognition employee time clock system provides a hygienic, touchless solution, allowing employees to look and go as they clock in in seconds. Once an employee’s face is registered, solutions identify unique points on a person’s face and store the information as data instead of a photo. Eliminating the need to touch the time clock reduces exposure and germ spreading in the workplace.
Growth opportunities centering around its access control business.
Lathem Risks and Challenges
Remains heavily entrenched in its hardware and professional services offerings.
Lathem Ecosystem, Partners, Resellers and SI
PayClock Online is a cloud-based time and attendance software that manages all of workforce employee time data providing detailed management reporting and fast payroll processing with integration for all major payroll systems such as ADP, QuickBooks, Paychex, Peachtree Software, Sage, Simply Accounting, and more.
Lathem Cloud Infrastructure Insights
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- Lathem Public Cloud and Infrastructure (IaaS)
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- Lathem Private Cloud and Data Centers
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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