Lawson Signs Multi-Suite Contract with Ocean State Job Lot
Discount Retailer Will Use Integrated Applications to Automate Administrative Tasks, Support Long-Term Growth
ST. PAUL, Minn., Jun 30, 2005 -- Lawson Software (Nasdaq:LWSN) signed a multi-suite contract with discount retailer Ocean State Job Lot in Lawson`s fourth quarter of fiscal 2005, which ended May 31, 2005. Ocean State licensed Lawson`s Human Resources and Financials suites to help streamline core administrative processes and improve reporting and analysis capabilities, which will give employees more time to focus on customer-facing initiatives.
With 75 stores throughout New England, Rhode Island-based Ocean State offers a wide range of general merchandise that is constantly changing. The merchandise assortment often includes electronics, housewares, lawn and garden items, stationery supplies, gourmet foods, sporting goods, toys, pet supplies, home decor, apparel and seasonal items.
"Our company has been, and remains, in a steady growth mode, and we needed an integrated business system that offers best-of-breed functionality to support today`s needs. This will streamline many inefficient processes that exist today, allowing us to make more timely decisions at a lower cost," said John Conforti, Ocean State`s chief financial officer. "Lawson`s ability to address our current and future needs as we continue to grow, combined with its proven track record and long-term relationships with other retailers, make it a great fit for us."
Ocean State will use the Human Resources software to automate core functions, such as benefits and personnel administration. The retailer also plans to take advantage of the Employee and Manager Self-Service application, which will allow its employees to view and update their own data and enable managers to access personnel information about their direct reports.
The self-service functionality also will allow managers to approve time records, open job requisitions and compete other personnel actions online. With more than 3,000 Ocean State employees, this capability will help free HR staff from manual administrative tasks and allow them to concentrate on more strategic activities, such as negotiating benefits.
Ocean State will begin implementation of the Human Resources suite immediately. The retailer expects to complete its rollout of the Human Resources application in September. Implementation of the financial applications will begin in March 2006, forming a single, integrated system.
"Driving profitable growth in today`s challenging retail market requires greater insight into overall operations and nimble decision-making to address evolving customer needs," said Michelle Stroup, Lawson industry marketing director - Retail. "By helping retailers streamline their core business processes, our products and services create the foundation they need to sustain competitive advantage and long-term profitability."
Lawson`s industry-focused software solutions help retailers integrate the systems they use to run and grow their businesses. Lawson clients include five of the top 10 U.S.-based retailers, eight of the top 20 apparel retailers, seven of the top 25 grocery chains, 23 of the top 100 restaurant chains and 20 of the top 100 specialty chains.
About Lawson Software
Lawson Software provides business application software and consulting services that put time on the side of services organizations in the healthcare, retail, government and education, banking and insurance and other markets. Lawson`s software suites include enterprise performance management, distribution, financials, human resources, procurement, retail operations and service process optimization. Headquartered in St. Paul, Minn., Lawson has offices and affiliates serving North and South America, Europe, and Africa. Lawson Software and Lawson are registered trademarks of Lawson Software, Inc. All rights reserved.
Forward-Looking Statements
This press release contains forward-looking statements that contain risks and uncertainties. These forward-looking statements contain statements of intent, belief or current expectations of Lawson Software, Inc., and its management. Such forward-looking statements are not guarantees of future results and involve risks and uncertainties that may cause actual results to differ materially from the potential results discussed in the forward-looking statements. The company is not obligated to update forward-looking statements based on circumstances or events that occur in the future. Risks and uncertainties that may cause such differences include but are not limited to: uncertainties in the software industry; global military conflicts; terrorist attacks in the United States, and any future events in response to these developments; changes in conditions in the company`s targeted service industries; increased competition and other risk factors listed in the company`s most recent Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission and as included in other documents the company files from time to time with the Commission.
Lawson Software, St. Paul
Corporate Communications:
Terry Blake, 651-767-4766
terry.blake@lawson.com
or
Weber Shandwick
Jenny Myers, 217-649-2965
jmyers@webershandwick.com
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Lawson Software, Inc.`s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company`s Annual Report or Form 10-K for the most recently ended fiscal year.
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