Interesting comment. “We have now transitioned into these larger more complex contracts”
I was under the impression that their speciality was selling Oracle Netsuite to the small business sector. These companies would intern grow and in doing so would enhance the revenues of JCurve.
It would seem they are now focusing on a different market with many associated complexities.
If you spread of customers is over a wider base, it gives you the opportunity to upsell such products as Riyo to them.
Going for a more complex customer, requires a different skill set and leaves your revenue stream vulnerable if a major customer decides to use an alternative system. Big switch for the internal method of sales and servicing.
Is it purely an exercise to reduce the cost of operating an extensive sales team without really knowing the overall effects on revenue.
Employee benefits and professional fees cost over $8,000,000 pa to run this company last FY.
Asia/Spectrum/Riyo could add another $2,000,000 to this figure with a minimal revenue contribution.
Imo the figures this year will show a substantial loss/reduction in cash along with a total revenue figure showing little growth.
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Interesting comment. “We have now transitioned into these larger...
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