IVGG Subsidiary announces new web tool.
Thursday April 26, 5:15 am Eastern Time
Press Release
SOURCE: IVG Corp.
IVG Subsidiary, SES, Announces the Launch of SmartHR; New Web
Initiative Accelerates Workflow for SES Clients and Worksite Employees
HOUSTON, April 26 /PRNewswire/ -- IVG Corp. (OTC Bulletin Board: IVGG - news; 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 launched SmartHR, a new web initiative designed exclusively for the use of SES clients and worksite employees.
SmartHR is one of the industry's first fully web-enabled human resource management systems. Using SmartHR, SES clients are able to conduct their payroll and workflow tasks directly via the Internet. Functionality includes online data submission and processing, creation of customized management reports, and tracking of benefits and historical data. In addition, worksite employees will be able to review benefits plans, access worksite guidelines, and submit various status change forms directly online.
By leveraging Internet technology, SmartHR eliminates paperwork, automates time-consuming administrative chores, and provides faster response to client inquiries. SmartHR enables SES to service its clients 24 hours a day, seven days a week, with increased accuracy and efficiency.
``We have united the best elements of the old and new economies in a true example of a viable clicks-to-bricks relationship,'' said President and CEO of SES, Mr. Dennis Lambka. ``The functionality of SmartHR is unparalleled in the PEO industry, and it clearly reflects our position as an industry innovator. With SmartHR, we expect to strengthen client retention rates, enhance our attractiveness to prospective clients, and see an immediate impact on our profitability through cost reductions and increased revenues.''
SES has completed beta testing for SmartHR's first component -- real-time payroll processing -- and currently has
approximately 50 clients with over 1,200 worksite employees utilizing this new technology. To date, the response from SES clients has been extremely positive. ``Our clients have found the system to be simple and intuitive,'' stated Mr. Ron Bray, COO of SES. ``With SmartHR we are able to significantly increase client service levels while leveraging the benefits of the Internet to reduce operating costs. And with its open architecture design, we will be able to apply SmartHR to all future PEOs acquired -- a key requisite in our plans to consolidate the PEO industry.''
SES plans to convert an additional 2,200 worksite employees to SmartHR over the next two weeks, and expects usage to approach 10,000 employees by the end of the year. Over the coming months, SES also expects to introduce several additional SmartHR components.
SES clients and worksite employees 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. is a Houston-based human resource and technology holding company that acquires, develops and operates 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
MAKE YOUR OPINION COUNT - Click Here
tbutton.prnewswire.com
SOURCE: IVG Corp. |
