Human Resources: Ultimate Software's UltiPro Through Intersourcing Boosts Bank's Recruitment Results

    WESTON, Fla.--(BUSINESS WIRE)--Aug. 8, 2007--Ultimate Software
(Nasdaq:ULTI), a leading provider of end-to-end strategic human
resources, payroll, and talent management solutions, announced today
that its customer Panhandle State Bank credits going "live" on UltiPro
for significantly improving the Bank's organization-wide recruiting
efforts, expediting the time-consuming processes of preparing for
banking audits, and enhancing service to employees.

    Panhandle State Bank had been using a payroll outsourcer that did
not deliver the strategic functionality the Bank wanted to increase
the efficiency and quality of its human resources and payroll
operations. The company selected UltiPro for its
recruitment-through-retirement feature set, and since implementing the
Web-based, software-as-a-service version of UltiPro in January 2007,
has automated its hiring processes to draw a larger, more qualified
pool of candidates.

    "Since we started using UltiPro Recruitment, the number of
applicants for open positions has increased substantially," said
Carole Smith, HR manager for Panhandle State Bank. "We have 21
branches in 3 states, and it can be very difficult to fill jobs,
particularly in smaller towns. We recently needed a teller in a
community where we may have had only one or two applicants in the
past. Using the career portal, we had plenty of qualified applicants
including responses from other geographic areas. Our local branch
manager was thrilled because with UltiPro's Web-based career portal,
good candidates are finding us when previously they did not."

    Using UltiPro's Recruitment, Smith can pull reports she needs at
any given time with "time-to-hire," "cost-per-hire," and "recruitment
source" metrics. A comprehensive suite of standard reports is
included, and they can be easily customized to accommodate unique
business requirements. UltiPro Recruitment also includes ad hoc
reporting tools for "on-the-fly" management reporting.

    "We've been "live" on Recruitment for only six months and are
already experiencing significant benefits, and every month we
experience more efficiencies," said Smith. "The potential is immense."

    Another challenge that banks must face is contending with
stringent internal and external audits. Panhandle State Bank's HR
staff struggled with numerous audits each year that had to be handled
on top of the team's day-to-day responsibilities. Often the
preparation process for the audits would entail days spent sorting
through file cabinets and compiling data on spreadsheets.

    "The auditors love UltiPro, and so does my department, because it
has streamlined the audit process," said Smith. "Since UltiPro is easy
to use, provides built-in audit trails, and has improved the overall
precision of our data, we are better able to comply with internal and
external information demands."

    With UltiPro, Smith and her group now keep more detailed, current
information on associates than they could previously, and they can
also empower employees to update their own human resource, benefits,
and payroll details online. Employees can update certain personal
details and track accrued and used vacation and personal time. Using
the UltiPro portal, Panhandle State Bank's associates can even model
their paychecks to calculate their net income or take-home pay based
on different "what-if" payroll scenarios, should they wish to make
changes to benefits or tax deductions.

    "When I step back and look at how far we have come with UltiPro,
it's incredible. We can provide better service to internal customers,
and our HR team can operate more strategically," said Smith. "We plan
to leverage more of UltiPro's functionality in the future for even
more productivity gains."

    "UltiPro provides end-to-end human resources, payroll, and talent
management solutions so businesses like Panhandle State Bank have
cost-effective access to a broad range of HR functionality in a single
suite of products, with one number to call for answers to questions,"
said Greg Swick, senior vice president of sales for Ultimate Software.
"With UltiPro to automate the recruitment and applicant tracking
process, better manage workforce data, and support its paperless
initiative, Panhandle State Bank is well on its way to maximizing the
efficiency of its human resources operations."

    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 on-demand services through its
software-as-a-service offering, Intersourcing, and as licensed
software. Based in Weston, FL, Ultimate Software employs more than 700
professionals who are focused on developing the highest quality
products and services. Ultimate Software's IT team won a first place
award for its management of Intersourcing, from the American Business
Awards in 2007, and its customer service team won two first-place
awards for service excellence in 2006, one from the Service & Support
Professionals Association and another from the American Business
Awards. Ultimate Software was named a "Leader" in Forrester Research
Inc.'s 2006 U.S. Midmarket HR solutions Wave ranking and ranked #3 on
the 2006 and 2007 lists of the Best Medium-Sized Companies to Work For
in America by the Great Place to Work Institute. 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.

CONTACT: Ultimate Software, Weston
Darlene Marcroft, 954-331-7444
darlene_marcroft[at]ultimatesoftware.com
or
For Sales Information:
Ultimate Software
800-432-1729
Web site: www.ultimatesoftware.com