China has been mentioned quite a few times lately.
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Posted On: 08/23/2019 1:06:52 AM
China has been mentioned quite a few times lately.
Rory "touched" on it in the Q2 10Q call.
The excitement over that is both understandable because of the numbers that were mentioned and very very premature to focus on.
Here is what was said...
"In addition, I’d like to announce a new initiative for a major expansion into China. We have a large client that has provided the impetus for this initiative that wants to be operational this year in China and we’re engaging the appropriate experts and professionals to ensure we proceed correctly in accordance with all applicable laws and regulations. While this expansion of our growth strategy was instigated by the revenue opportunity this particular client represents, we’re doing it in a way that will allow us to service many new and additional clients in that region."
The large client may "want" to be operational "this year" , but dealing with the Chinese government, yet alone any government, could be quite challenging
Sure, it could be easy peasy, but does anyone think easy will be the case?
The reason I brought that up is because there was something in the call that sounded far far more important, at least to me.
"We’ve now submitted updates to Salesforce and Oracle NetSuite. Microsoft is next on the list.
"We’re taking our time with these integrations – I think we rushed them last year and I want to make sure they are everything we want them to be – and what their customers want them to be."
Acknowledging those were rushed last year and the new reigned in focus to make sure the integrations are done and done effectively for both VERB and the behemoths of Microsoft, Oracle Netsuite and Salesforce was something completely overlooked.
Learning, correcting and then implementing better strategies is what Rory and #teamVERB does best.
A small yet very critical unmentioned detail I felt should get some credit.
Much Aloha
Rory "touched" on it in the Q2 10Q call.
The excitement over that is both understandable because of the numbers that were mentioned and very very premature to focus on.
Here is what was said...
"In addition, I’d like to announce a new initiative for a major expansion into China. We have a large client that has provided the impetus for this initiative that wants to be operational this year in China and we’re engaging the appropriate experts and professionals to ensure we proceed correctly in accordance with all applicable laws and regulations. While this expansion of our growth strategy was instigated by the revenue opportunity this particular client represents, we’re doing it in a way that will allow us to service many new and additional clients in that region."
The large client may "want" to be operational "this year" , but dealing with the Chinese government, yet alone any government, could be quite challenging
Sure, it could be easy peasy, but does anyone think easy will be the case?
The reason I brought that up is because there was something in the call that sounded far far more important, at least to me.
"We’ve now submitted updates to Salesforce and Oracle NetSuite. Microsoft is next on the list.
"We’re taking our time with these integrations – I think we rushed them last year and I want to make sure they are everything we want them to be – and what their customers want them to be."
Acknowledging those were rushed last year and the new reigned in focus to make sure the integrations are done and done effectively for both VERB and the behemoths of Microsoft, Oracle Netsuite and Salesforce was something completely overlooked.
Learning, correcting and then implementing better strategies is what Rory and #teamVERB does best.
A small yet very critical unmentioned detail I felt should get some credit.
Much Aloha
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