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Date Posted: 8/25/2010

Lawson Software Announces Expanded Partnership with BSI with Focus on Payroll Tax Compliance


Lawson and BSI build on long-standing partnership to focus on delivering greater value to shared customers
 
 
ST. PAUL, Minn.--(BUSINESS WIRE)--Lawson Software (Nasdaq: LWSN - News) announced it is expanding its partnership with Business Software, Inc. (BSI). The two companies have had a long-standing product partnership spanning nearly 30 years. Under the expanded partnership, BSI will now have a “complementary gold” referral relationship with Lawson. The company will work with Lawson on a referral basis for two specific products: BSI ComplianceFactoryTM and BSI eeFormsTM, through which BSI will sell the software license and support services for these two products directly to customers.

BSI ComplianceFactory is a U.S. payroll tax management tool that helps simplify tasks associated with maintaining payroll tax compliance. It helps improve filing processes, payments and related tax responsibilities. BSI eeForms helps streamline the entire process of managing employee withholding allowance certificates. This spans a variety of activities from gathering appropriate forms to updating the payroll system.

“Our long-time relationship with Lawson has delivered excellent value to the customers we serve together,” said Ralph Rindik, president, BSI. “BSI delivers a variety of solutions that help our customers sift through the complexities associated with managing payroll taxes. It’s crucial that our customers get this business process right. Working hand-in-hand with Lawson, we help ease the burden of this necessary business function.”

“We understand the immense burden our customers face when it comes to managing payroll, and we’re always committed to helping them simplify this critical business function,” said Jennifer Langer, vice president of product management for Lawson. “It’s virtually impossible for organizations to stay on top of all of the regulatory requirements and specific payroll tax requirements. The BSI solutions augment Lawson Payroll and Benefit solutions to help our customers remain compliant with these complex rules.”

Under this expanded partnership, Lawson will continue to sell the license for BSI TaxFactoryTM US and Canada while BSI continues to sell the support for that product. Georgia-based BSI specializes in providing solutions that help improve the efficiency of processes related to payroll tax and regulatory compliance. It provides advanced payroll tax software to a broad range of organizations, service bureaus and payroll system providers. More information about the products associated with this partnership can be found at www.bsi.com.

About Lawson
Lawson Software provides software and service solutions to customers in healthcare, public sector (United States), service industries, human capital management, equipment service management & rental, fashion, food & beverage, and manufacturing & distribution across 40 countries. Lawson is a global provider of enterprise software, services and support to customers primarily in three sectors: services, trade and manufacturing/distribution. Lawson solutions include Enterprise Performance Management, Human Capital Management, Enterprise Financial Management, Supply Chain Management, Enterprise Resource Planning, Manufacturing Resource Planning, Enterprise Asset Management and industry-tailored applications. Lawson solutions assist customers in simplifying their businesses or organizations by helping them streamline processes, reduce costs and enhance business or operational performance. Lawson is headquartered in St. Paul, Minn., and has offices around the world. Visit Lawson online at www.lawson.com. For Lawson’s listing on the First North exchange in Sweden, Remium AB is acting as the Certified Adviser.

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 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; uncertainties as to when and whether the conditions for the recognition of deferred revenue will be satisfied; increased competition; general economic conditions; the impact of foreign currency exchange rate fluctuations; continuation of the global recession and credit crisis; Lawson’s ability to integrate the Healthvision acquisition successfully; global military conflicts; terrorist attacks; pandemics, and any future events in response to these developments; changes in conditions in the company's targeted industries and other risk factors listed in the company's most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K filed with the Securities and Exchange Commission. Lawson assumes no obligation to update any forward-looking information contained in this press release.


 
 


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