The new version (Ver 3.0) of sourcing platform integrated with IP from the latest acquisition of Marianas Labs, will enabling close to IMMEDIATE revenue recognition.
Extract from last quarterly report:
31 May 2016 – 1-Page Limited (“1-Page” or the “Company”) (ASX:1PG), the enterprise cloud-based talent acquisition platform, today released its quarterly cash flow report for the first quarter ended 30 April 2016 (Q1 2016).
Key Highlights:
• The Company is introducing the latest version of its Sourcing Solution (“Source 3.0”) to customers as of end of May. The latest version of the Sourcing Solution shortens the customer deployment and onboarding time, while enabling close to immediate revenue recognition.
• Initial customer feedback on the updated Sourcing Solution is positive and customer retention remains high at approximately 90%. 1-Page is currently in the process of deploying both existing and new clients to Source 3.0, and expects all clients to be fully deployed within Q2.
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