Lathem Acknowledged as a Key HR Software Provider by APPS RUN THE WORLD in the HCM Top 500 Market Report

210 The Bluffs, Suite 107

Austell, GA, 30168, United States

1 404-691-1064

https://www.lathem.com/

404 Lathem

Lathem Strengths, Domain Expertise, and Key Differentiators

Lathem was the first employee time and attendance company in the U.S. to offer face recognition biometric solutions, giving it an early-mover advantage. Furthermore, its domain expertise spans across three primary lines of business: time and attendance products, synchronized clock systems, and small business access control solutions. Lathem's robust product portfolio includes cloud-based PayClock Online software, enabling on-demand access and management reporting for admin, managers, and employees.

The integration of AI and ML in Lathem's CT74 allows for enhanced face recognition capabilities, providing accurate and efficient time tracking for employees. Additionally, ML algorithms ensure the security of the biometric data by storing unique facial points as data rather than photos, reducing exposure to potential breaches.

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.

Lathem Key Cloud and HCM Applications

PayClock Online

Lathem HCM and Cloud HCM Applications Revenues, $M:

Type/Year20222023YoY Growth, %
Total Revenues, $M Subscribe Subscribe Subscribe
HCM Applications Revenues, $M Subscribe Subscribe Subscribe

* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** 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:

TypeLicenseServicesHardwareS&MSaaSPaaSIaaSOtherTotal
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe 100%
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe

Lathem Total and HCM Applications Revenues by Region:

Region% of Total Revenues2023 Total Revenues, $M2023 HCM Applications Revenues, $M
Americas Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe

Lathem Direct vs Indirect sales

RegionDirect SalesIndirect SalesTotal
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

Lathem Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Lathem Customers


No. of Lathem Customers: 300000

No. of Lathem HCM Applications Customers: 300000

No. of Lathem Cloud HCM Customers: x

No. of Lathem Cloud HCM 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

Internal risks may include operational challenges and maintaining quality control, especially during periods of rapid growth. External risks involve competition from other time and attendance solution providers, as well as potential changes in industry regulations that could impact Lathem's offerings.

Lathem Ecosystem, Partners, Resellers and SI

The strategic alliance between Greenshades Software and Lathem Time is a testament to the transformative potential of collaborative partnerships in the IT industry. This collaboration stands as a beacon of innovation, setting the stage for a future where integrated solutions seamlessly meet the dynamic needs of the modern workforce.

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 Platform (PaaS) and Infrastructure (IaaS) Details

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  • Lathem Public Cloud and Infrastructure (IaaS)
  • Lathem Platform (PaaS)
  • Lathem Application Delivery
  • Lathem Private Cloud and Data Centers

Research Methodology

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).


For additional information on our methodologies, here's the link:

https://www.appsruntheworld.com/About Us
https://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ



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