The future of HR - Technology

I work in the HR Tech sector and technology is definitely the future of HR as organisations look to become more efficient and lean. I can easily see Xref expanding its services to move into the phone screening space which would dramatically increase its reach and investment appeal. Once the CR is complete and XRef has $3m in the bank to spend on advertising and sales consultants, that's when the real re-rate will happen. Until then I'm going to get set early and enjoy the ride.

In the HR Tech space the 3 man buzz words that define the success of any piece of technology is cloud, reporting and mobile compatible. XRef has all these bases covered

In anticipation of DD being finalised by Thursday 17 September, lets remember what X Ref is all about:

Xref is an easy-to-use, mobile-ready, fully-reportable, cloud-based platform that recruitment teams use to conduct pre-employment reference checks.

Xref automates what has traditionally been a time-consuming, phone-based exercise. Xref saves recruiters time, improves the quality of reference checks and reduces reference fraud.

Xref has attracted clients including Nike, Woolworths, Westpac, PwC and AMP.

Xref is a profitable, high-growth business leveraged to the US$15 billion Human Resource Technology Market.

The Xref platform has experienced 246% compound annual user growth, with an average of 500 new users per day signing up to its services.

To-date Xref has retained 91% of its customer base.