What is Lathem?
Lathem offers PayClock Online, a comprehensive cloud-based employee time tracking and time clock software solution. Designed for businesses across various industries, the platform facilitates remote employee time management and integrates with popular payroll applications such as QuickBooks and ADP, aiming to streamline payroll processing. Key features include multiple clock-in options, management reports, and dedicated support, all intended to enhance workforce management efficiency and ensure labor law compliance.
How much funding has Lathem raised?
Lathem has raised a total of $1M across 1 funding round:
Debt
$1M
Debt (2020): $1M with participation from PPP
Key Investors in Lathem
PPP
Public-Private Partnership
What's next for Lathem?
The recent major strategic investment signals Lathem's transition into a scaling phase, likely focusing on expanding its market reach and enhancing its technological capabilities. This capital infusion is expected to fuel product development, bolster sales and marketing efforts, and potentially explore new integrations or service offerings to further solidify its position in the competitive workforce management software market. The company's focus on compliance and efficiency positions it well for continued enterprise adoption.
See full Lathem company page
