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intelliHR’s human resources app reaches 10K subscribers

Technology
ASX:IHR
25 July 2019 00:00 (AEST)

Image sourced ShutterStock

IntelliHR Holdings has had a strong start to the 2020 financial year with five new customer wins in just three weeks.

The company has now achieved a milestone of 10,000 contracted subscribers.

As recorded on December 31 2017, intelliHR had 2492 contracted subscribers which doubled by the end 2018’s financial year.

In just over one year, the intelligence company saw their contracted subscription count more than triple. As at July 24 this year, the company has 10,004 contracted subscribers.

IntelliHR is an ‘all-in-one’ Human Resource (HR) and people management automation tool. It’s delivered via the Software-as-a-Service (SaaS) business model and automates a vast range of manual and/or paper-based HR tasks.

Essentially, it helps business optimise efficiency, functionality and performance.

What sets the company apart is its an all-in-one solution. While its customers have experienced some form of HR technology in the past, they are usually more expensive and less efficient.

Customers have claimed intelliHR improves their HR processes and helps manage their workforce wherever they are in the world.

“In 2016 we rolled out intelliHR, and in 2017 we had our best financial year yet,” Fujitsu Head of People and Culture, Sarah Gatehouse said

“That makes a massive statement to show how valuable an investment in people and technology can be,”

intelliHR’s product strategy is a “customer for life” strategy with its retention rate already supporting an estimated seven year customer lifetime.

The company’s next major milestone will be to surpass $10 million in Customer Life Time Value, which is reportedly foreseeable in the near future.

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