Quote:
Originally Posted by strike66
I'm not too in tune on the financial side of things but I can provide some insight on companies that sell this type of software since I work in the HR systems field. Scheduling software are a dime a dozen these days, as someone mentioned out there, it is very easy to copy. You have to come up with something truly unique to be a differentiator and as far as I know, the big guys have covered every rule the most complex organization has thought of. I'm not sure how new this company is but people like myself who work for corporations to evaluate these kind of software would be very wary of buying from a product that isn't mature (10+ years) when you have other big guys out there that can undercut the price and provide a lot more in terms of functionality. Reputation is very important when evaluating HR systems, even if a smaller guy offers the functionality, executing it is another story.
Most scheduling system companies make their money on the consulting and implementation fees. The software costs is small since it is already developed and dirt cheap to deploy (if it is in the cloud).
The big guys in this industry is Oracle as mentioned above and KRONOS. KRONOS owns roughly 33% of the market share for time and attendance systems if I remember correctly.
As mentioned above, a takeover is what you would be hoping for.
Hope that helps
|
Thanks for this, I will bounce some questions off the CEO with this info.
One thing I do notice right away is that wouldn't oracle and Kronos require you have your own server? They don't seem to provide any type of cloud..? I also know from experience at work that JDE for instance is not the easiest program on earth to use.