Stocks to Watch – Asure Software Inc. (ASUR)

Stocks to Watch – Asure Software Inc. (NASDAQ: ASUR)

Incorporated in 1985, Asure Software Inc. (the Company) provides Web-based workforce management solutions which would enable organizations to manage their office environment and human resource and payroll processes. The workforce management solutions include the following services:

• scheduling software,
• human resource and time and attendance software,
• complementary hardware devices to its software products,
• software maintenance and support,
• installation and training
• other professional services.

The two product lines in which the company offers its workforce management solutions are NetSimplicity and iEmployee. The NetSimplicity line of software enables corporations, educational institutions, healthcare facilities and law firm both in the United States and across the globe a more manage shared office space, equipment, assets and resources. The Company provides for Meeting Room Manager which is marketed both on an in-house installed, perpetual license basis, and on a hosted subscription, software-as-a-service (SaaS) basis. This Meeting Room Manager has evolved into a scheduling solution which would enable organizations to better manage their meeting environment through the management of meeting room environment namely:

• rooms,
• catering, audio/video (A/V),
• equipment,
• setup and other resources and services.

In addition thereto, the Company also offers complementary LCD panels as an option as a means to gain access to its scheduling software and book rooms adhoc through panel interfaces.

On the other hand, the Company’s iEmployee suite of time and attendance and human resources software enables small to medium-sized businesses to transition to an online, self-service human resources process. These iEmployee products are offered on a hosted subscription, SaaS basis thereby saves customers the need to install software or maintain hardware and provides customers a quick and easy way to implement a fully-automated human resource information system solution. All the more, these products are integrated with payroll and benefits providers which would allow customers to advance to online, self-service human resource without switching costs.

The Company’s two primary iEmployee products are Time & Attendance and HR & Benefits. This one unified system would enable organizations to eliminate paper timekeeping hassles through the management of hourly time tracking, project time tracking and paid of time. In 2010, iEmployee TTG-400 Time clock was introduced by the Company which would allow employers to capture employee time punches with the use of wide range of biometric and card recognition options.

Asure Software Inc. (NASDAQ: ASUR) 52 week: 2.25 – 8.95   Mkt cap: 21.72M   Shares:  3.09M