The Lake Companies

Overview

The Lake Companies, established in 1983 and based in the United States, operates within the Business Services sector, focusing on technology solutions that enhance operational efficiency. With a workforce of 11 to 50 employees and reported revenues of approximately $30 million, the company provides specialized software and services designed to streamline job costing and document management processes. Their Shop-Trak system facilitates real-time labor capture on the shop floor, enabling accurate job costing and improved decision-making by eliminating outdated time entry methods. This system enhances visibility into work-in-progress (WIP) and margin reporting, allowing businesses to identify potential margin erosion proactively. Additionally, Lake Companies offers Doc-Trak, which integrates with various document repositories, automating file management and ensuring seamless access to documents across platforms. This solution is aimed at reducing manual work associated with document control, thereby improving workflow efficiency and enabling quicker access to critical information. The company emphasizes the importance of accurate data in operational management, contributing to better planning and payroll processes.

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