NOV

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5.0¢ novatti group limited

Ann: 31 December 2021 Half Year Presentation, page-14

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07/03/22

14:19

Post #: 60033065
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Originally posted by flashlover: ↑

Please check the latest "Investor Briefing Webcast"
23:05 "We should start to get leverage out of the existing cost base so that the cost base has some growth to go in terms of hiring more people but that is limited. We've really done a lot of work in growing the platform and capability of the business. So, as we start to drive more revenues we should start to see a reduction in cash consumption. ..............Once we've been hiring people, management and staff in australia and europe as an example and so we're increasing and improving out capability but the other thing is we've been investing in platforms. ....for instance, We've just implemented a global ERP or accounting system called netsuite(?). It's about a four hundred thousand dollars commitment over three years. And you know that's been about a year for us to implement that and get that running. We've just implemented a global human resource information system. We've got a global CRM system. For the business we use salesforce extensively. Also globally, we use atlassian jira...........a fair bit of money we've spent in the past has been about preparing for some of this scaling up.

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Many fancy high tech words, ERP, CRM, salesforce, jira. Let's read a old news and we all know where Xinja is today.

(Aug 21 2019) Australian neobank Xinja spent $1.8 million on the SAP-based core banking system it hopes will help it drive a ‘race to the top’ in data-driven personalised services once it is able to secure a full licence to operate.Founder and CEO Eric Wilson revealed the number at SAP’s innovation-themed e’ffect conference in Sydney earlier this month.“It cost us about $1.8 million to build an entire core banking platform in 11 weeks,” he said.

NOV Price at posting: 22.5¢ Sentiment: None Disclosure: Not Held
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Ann: 31 December 2021 Half Year Presentation, page-14

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

KGL sniffs 19% Cu from drilling at Rockface play in NT

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Climate change to drive market trends to the moon

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

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Ann: 31 December 2021 Half Year Presentation, page-14

Top Stories

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

KGL sniffs 19% Cu from drilling at Rockface play in NT

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

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Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Climate change to drive market trends to the moon

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News