IVGG News
(PR NEWSWIRE) IVG Subsidiary, SES, Introduces Second SmartHR Component
IVG Subsidiary, SES, Introduces Second SmartHR Component
New Workflow Process Web-enables Operations for Improved Efficiency
HOUSTON, May 10 /PRNewswire/ -- IVG Corp. (OTC Bulletin Board: IVGG),
(http://www.ivgcorp.com) today announced that its wholly owned subsidiary,
SES-Corp., Inc. -- one of the largest full service Professional Employer
Organizations (PEOs) in the United States -- has introduced the second
component of its SmartHR web initiative.
The new component, the Workflow Process, is an automated data distribution
system that enables SES clients to manage all payroll and administrative
functions via the web. Using SmartHR's data entry portal, clients may submit
data, which is routed directly to SES' I-Services technical maintenance team
for verification and approval. The information is then distributed to the
correct departments at SES, such as payroll, workers' compensation, and
benefits. The Workflow Process automatically updates the information,
enabling the client to review the data in real time.
"Current PEO technology generally only allows the clients and worksite
employees to print and view the information using Internet-based 'print-and-
submit' functions," said Mr. Ron Bray, COO of SES. "However, with the
Workflow Process, SES will automate and web-enable various functions of the HR
management process, which eliminates manual tasks, paper burdens, and other
redundancies."
SES currently employs 70 administrative forms, more than 50 of which are
used between SES and its clients on a regular basis. For example, the
frequently-used Status Change form, is received an average of 900 times
weekly, each copied and distributed internally. Submitting this information
through the Workflow Process data portal will reduce cost and time, while
ensuring data integrity.
"Regardless of a PEO's existing workflow process, SES will be able to
implement and maintain one common platform for all future acquisitions,"
stated Mr. Dennis Lambka, President and CEO of SES. "And as an industry
innovator, we will continue to identify patterns and technological trends that
impact the PEO industry."
SES plans to introduce additional SmartHR components in the coming months.
SES clients and worksite employees can access SmartHR at the following
location: yourses.com.
About SES-Corp., Inc.
SES (http://www.sesworks.com) is one of the largest full service
Professional Employer Organizations in the United States. Founded in 1989,
SES offers small and medium-sized businesses comprehensive management services
for the daily administration of human resources and employer obligations.
These professional services include payroll and benefits administration,
compliance management, medical and workers' compensation insurance programs,
unemployment insurance and claims administration, recruiting and placement
services, and training and supervisory development services. Headquartered in
Auburn Hills, Michigan, SES currently has 10 offices in 9 states, with
operations in 42 states servicing over 2,700 clients and more than 32,000
worksite employees nationwide. SES is wholly owned by IVG Corp.
About IVG Corp., Inc.
IVG Corp. acquires and enhances revenue-generating companies with a
compelling business model, technology and/or proprietary service. IVG Corp.
provides a value-added corporate structure intended to enable its portfolio
companies to quickly leverage their expertise and deploy their business
strategy by utilizing the management, financial and corporate resources of the
Company. IVG Corp. currently trades on the NASD OTC Bulletin Board under the
symbol IVGG.
Safe Harbor Statement: This press release includes forward-looking
statements, including statements relating to the future development and
deployment of SmartHR, the possible impact of SmartHR on SES' ability to
attract and retain clients, reduce costs and increase revenues, and the
business strategies of SES and IVG Corp. These statements are made under the
"safe harbor" provisions of the Private Securities Litigation Reform Act of
1995 and involve risks and uncertainties that could cause actual results to
differ materially from those in the forward-looking statements. These risks
and uncertainties include, among others: risks relating to the future
development and deployment of SmartHR; risks relating to the ability of IVG
Corp. management to successfully accomplish fund raising activities, the
ability to achieve or sustain profitability; limited operating history;
possible financing needs; risks associated with identifying and completing
acquisitions; risks associated with the integration of acquired technologies,
operations and personnel; risks of being deemed an investment company;
exposure to unforeseen liabilities of acquired companies; the requirement to
record additional future operating costs for the amortization of goodwill and
other intangible assets, which amounts could be significant; business
conditions in the PEO, e-commerce and Internet industries generally; the
impact of market competitors and their product and service offerings; and the
economic, competitive, governmental, technological and other factors
identified in IVG Corp.'s filings with the Securities and Exchange Commission.
These factors are described in further detail in IVG Corp.'s filings with the
Securities and Exchange Commission, available online at
freeedgar.com.
CORPORATE CONTACT
IVG Corp.
Mr. Richard Twardowski
Phone: (281)295-8400
Email: richard@ivgcorp.com
Web: www.ivgcorp.com
INVESTOR & MEDIA RELATIONS
Mindshare Communications
Mr. Anthony Zelen
Toll Free: (888) 301-6788
Fax: (604) 806-3367
Email: ivgg@mindsharecommunications.com
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SOURCE IVG Corp.
-0- 05/10/2001
/CONTACT: Richard Twardowski of IVG Corp., 281-295-8400, or
richard@ivgcorp.com; or Anthony Zelen of Mindshare Communications,
888-301-6788, or fax, 604-806-3367, or ivgg@mindsharecommunications.com, for
IVG Corp./
/Web site: freeedgar.com /
/Web site: yourses.com
sesworks.com
ivgcorp.com /
(IVGG)
CO: IVG Corp.; SES-Corp., Inc.
ST: Texas, Michigan
IN: CPR MLM OTC
SU: |
