News and Announcements
IntelliHR (ASX: IHR) Latest Updates for Third Quarter FY2018
- Published May 01, 2018 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
KEY TAKEAWAYS:
- Cloud-based HR firm, IntelliHR was listed on ASX on 23 rd January 2018, following a successful IPO. Since then, the company has had sufficient cash reserves to follow market penetration which exploring new frontiers.
- It caters to a wide customer base with 3 new names having been added this year, not to mention establishing of 5 strategic partnerships and launch of the partner program.
- Currently, the company is focussed on developing AI and machine learning technologies to provide better user experience to its customers.
IntelliHR is a unique cloud-based people-management platform that entails the application of HR technology to provide commercial entities with suitable tools and analytics that are essential to empower employees while boosting performance and adding value. Operating out of Australia, it was listed on ASX on 23 rd January 2018, following a successful IPO that not
only strengthened the company’s cash reserves but also significantly enhanced its potential to make further investments and increase market penetration.
Courtesy of the company’s focus on sales, IntelliHR has evolved a SaaS Business model which is –
- Disruptive, because it is innovative and affordable as compared to its competitors;
- Customer-oriented, owing to providing its customers with measured ROI, involving them in product development and building a strong community;
- Scalable, because it provides a direct channel while having the potential to expand into a global entity;
- Subscription based, wherein it offers one-platform- one-price model and an all-inclusive monthly fee;
The company caters to the following sectors –
- Serviced Industries, particularly in the professional, educational, financial, manufacturing, educational and real estate sectors;
- Potential entities, which would comprise of businesses having employees between 20 and 5000, and operating on local markets while having the potential to expand into a global firm;
Recent milestones for IntelliHR include –
- Having acquired three new additions to its customer base, thus taking the tally to 21;
- Successful launch of the partner program, which is fast gaining traction owing to being low-cost and causing exponential expansion of the sales force;
- Established strategic partnerships with 5 entities with 30 more in the pipeline;
Owing to having always treated technology as its main focus, IntelliHR is currently focussed on Artificial Intelligence and machine learning to improve user experience and develop customer-centric models.
About IntelliHR (ASX: IHR)
intelliHR is a human resources (HR) technology business, which has developed a cloud-based people management platform designed analytics-first. An early stage innovative technology business, intelliHR is fast demonstrating a competitive and market leading product by delivering a real return on investment for our customers leading to business transformation.