thank, appreciate your input.
I'll post where the 8000 was shared. Pharmy also said there were many suppliers digitally challenged, I'm not sure where that knowledge was obtained from. If there's a different source, then it would be good to know.
Everyone can make up their own mind, and if some people want to use 8000 as their base or if they want to base their revenue projections on 5-15% take up of swift, they can knock themselves out. I'm a Cronie, so lean more on the positive side of things.
This is all taken from the yearly report - ending June 2024 and can be found on the capricorn site under corporate documents.
Actual numbers for members and suppliers. 2023- 2024 saw 3,545 new members. Quite the growth.
8,000 refers to members that have made the switch to e-statements. The inference by some is that if they aren't receiving e-statements, they must be doing paper based invoicing etc. I don't share that opinion and think it's a large leap. To mind, simply put, it's a tick of the box, do you want a paper statement or e-statement. Perhaps I'm wrong and I'm keen to know if I am, but I haven't seen an argument that would suggest otherwise. It's quite an obsecure little blurb to be basing your revenue projections on, imo. As put, to encourage businesses to be environmentally friendly. If you are inferring that 70% of members aren't digital and are doing paper invoices, then to mind the advertising seems a bit pointless because e-statements just wouldn't be on the minds of 70% of members.
Further down we see 22,200 mycap unique member logins. this is an interesting one. Is the member in this instance the business or is each business likely to have 1-3 plus logins. I'd imagine some smaller business' would just have 1, others would have more. I'm inclined to think each business would have more than one log in, but I don't know.
To mind, this is all old news given it's now 9 months old and capricorn is pushing mycap, it's pushing swift and pushing their new e-commerce store with suppliers. All of which has come on line since this document. There is a reason why Cap required Spenda's involvement here. Clearly they are wanting to move past the old paper based catelogue way of doing things. As above, the fact our objectives are aligned, gives us the inside running. It'll be interesting to review this information in 3-4 months when Cap's next report comes out to see if these things have adjusted. I suspect we won't see information on e-statements again, as to mind, it's just a little environmental friendly add on.
As in everything, I could be wrong.
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