Thank you
@investig8.
I haven't posted recently as I have had limited time to get across all reports done by
RaaS and
MST and to fully drill into the quarterly and also the quarterly presentation. I didn't view the webinar live or ask any questions, but I did get to view it on Wednesday night.
After listening to the webinar, I hear, what I believe to be, is great frustration in Trent's voice and even in Karen's voice, although very upbeat about revenue growth and cash burn reduction. It's quite obvious they/we are now fully focusing on
Link Group inking the work to be done by
Wrkr for the next 5 plus 5 years for
Link clients. (10 year contracts in total) One major milestone with
Link Group inking of contracts would be confirmation across industry potential clients of
Wrkr's ability to supply the solutions needed across the entire industry. I kind of feel that sounds strange, seeing as that
Wrkr has the
Wrkr Platform across other major clients already
(ART, Commonwealth Super Corporation and
IOOF) but with the build of the new
Wrkr Platform 2.0 or
WrkrPay 2.0, I feel there is way more to be said from management yet about future services and "dollar value compliance moments and services"!
Screenshot below from RaaS initial report.
View attachment 5489698I would say most missed the importance of the mention of
Workday and maybe even the mention of
HSBC design work completion. I did a quick search on
Workday and see that it's a global company with many, many clients and channel partners as you have indicated in your question on the
Wrkr Hub. Below - screenshot from the
July quarterly report.View attachment 5489050I've copied/pasted your question and Trent's answer from the Wrkr website on
Workday below as I believe it carries much weight showing current and future direction of where
Wrkr's technology can be used.
Your "observation" and question.I would also like to ask a question from the 4C.
Observation: There was a low key statement made about Wrkr Platform integrating with Workday. I did some research on Workday here in Australia. It seems to be a solution that is provided through channel/implementation partners like KPMG, Accenture, Deloitte.
Question: My thinking is that you would need to have built a relationship/agreement with at least one of these channel/integration partners to warrant the investment in upgrading the Platform to integrate with Workday....is this correct?Trent's answer.Thanks you for taking the time to ask a question. Your obsservsations were astute. We have investing in integrating and testing our API connection with WorkDay for a few reasons. Firstly WorkDay is growing rapidly across Australia with very large employers with employee volumes between 5 and 30K each (Health, Universities and Telco/Utilities). Secondly we have been investing in relationships with an Advisory Firm with strong payroll traction (more to come on this as we gain market traction together). We have also seen the WorkDay platform integration requirments emerge from one of our Payroll provider targets. These relationships have all been evolving over the last twelve months.So, I'm very curious to hear anything more on the "integrations" with
Workday and what it could translate into in potential dollar terms for
Wrkr.https://www.workday.com/en-us/compa...ners.html?q=&partnerType=Services Partnerhttps://kpmg.com/au/en/home/service.../technology-enablement/workday-solutions.htmlhttps://www.deloitte.com/au/en/alliances/workday.htmlI would like to see
Wrkr move more into
Payroll Payments. I'm not exactly sure what they supply currently for clients. I heard a question on the webinar mentioning "blue sky". Obviously payroll payments come to way, way more than
Super contributions/payments do. Frequency of payments have been discussed and will increase with the introduction of
new Payday regulations. What will that mean for Payroll? Will
Wrkr move more towards Payroll gaining payroll payments once the
WrkrPay 2.0 Platform is up and available for the
Payroll Industry to asses and use for a total solution with
government Payday regulations??I'll never let go of this screenshot below from many past and different announcements!!!
View attachment 5489770ITATWTWT.........Waiting patiently for
Link to Ink!
Jocko.
(20min delay)