Panasonic Electric Works Corporation of America ''Live'' on Ultimate Software's UltiPro

The manufacturer had been using a payroll service bureau, but decided to move to an integrated end-to-end talent management solution to streamline processes, reduce its reliance on paper, and increase reporting capabilities, particularly for compliance reporting.

    WESTON, Fla.--(BUSINESS WIRE)--Jan. 10, 2007--Ultimate Software
(Nasdaq:ULTI), a leading provider of end-to-end strategic human
resources, payroll, and talent management solutions, announced today
that Panasonic Electric Works Corporation is "live" on UltiPro
delivered through the Intersourcing service model after an on-time,
on-budget implementation in January 2007.

    Panasonic Electric Works Corporation of America (PEWA) is the U.S.
subsidiary of Matsushita Electric Works, Ltd., an $11 billion company
that designs, develops, manufactures, and distributes electrical
construction materials, home appliances, residential building
materials, automation control products, wiring devices, and electronic
materials. The manufacturer had been using a payroll service bureau,
but decided to move to an integrated end-to-end talent management
solution to streamline processes, reduce its reliance on paper, and
increase reporting capabilities, particularly for compliance
reporting.

    "We've been living in a paper mountain of repetitive processes and
re-creating manual Excel reports each month," said Karen Krutzsch,
director of human resources for PEWA. "The potential for human error
has been disconcerting. We look forward to new efficiency and
excellence with UltiPro--we're long overdue."

    According to Krutzsch, Panasonic chose UltiPro because of its
scalability, ease of use, and depth and breadth of functionality,
including self-service for managers and employees. With UltiPro,
Panasonic plans to migrate to more paperless HR and payroll
transactions, reduce redundant data entry, increase the precision and
speed of compliance reporting, and provide managers with online access
to workforce reporting for heightened effectiveness and results.

    "With Panasonic's previous vendor, the HR team lacked critical
tools for talent management, such as real-time business intelligence
for meaningful analysis," said Greg Swick, Ultimate Software's senior
vice president of sales. "We are pleased that Panasonic has selected
UltiPro to help manage and deliver strategic workforce information to
executives, managers, and human resource staff."

    About Ultimate Software

    A leading provider of end-to-end strategic human resources,
payroll, and talent management solutions, Ultimate Software markets
its award-winning UltiPro products as licensed software and as
on-demand services through Intersourcing. Employing more than 600
professionals who are focused on developing the highest quality
products and services, Ultimate Software was positioned in the Leaders
quadrant of Gartner, Inc.'s "Magic Quadrant for U.S. Midmarket Human
Resource Management Systems, 2006" and as a Leader in Forrester
Research Inc.'s 2006 U.S. Midmarket HR solutions Wave ranking.
Ultimate Software was also named the 2005 Payroll Provider of the Year
by the Human Resources Outsourcing Association and ranked #3 on the
2006 Top 25 Best Medium-Sized Companies to Work for in America list by
the Great Place to Work Institute. Also in 2006, Ultimate Software won
two customer service awards, one from American Business Awards as the
Best Customer Service Organization, and the other a first-place SSPA
STAR Award from Service & Support Professionals Association. Ultimate
Software customers represent diverse industries and include such
organizations as The Container Store, Elizabeth Arden, The Florida
Marlins Baseball Team, The New York Yankees Baseball Team, Nintendo of
America, Ruth's Chris Steak House, and SkyWest Airlines. More
information on Ultimate Software's products and services can be found
at www.ultimatesoftware.com.

    UltiPro and Intersourcing are registered trademarks of The
Ultimate Software Group, Inc. All other trademarks referenced are the
property of their respective owners.
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