Last question. On the large CRM platforms, maybe d
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Posted On: 12/18/2019 1:04:58 AM
Last question. On the large CRM platforms, maybe discuss when you expect those large software companies that have been working with your product will begin offering your technology as part of their solution as an upgrade to their customers. And as a result, would suggest -- I would think that means revenue generation from those businesses. So maybe talk about the timing of that and how that's going.
Rory J. Cutaia, Verb Technology Company, Inc. - Founder, Chairman, President, CEO, Secretary & Treasurer [20]
It's going pretty well. We've got the product now that is in testing. It's a brand-new very sophisticated yet super simple product to use. We've redesigned the interface. We've brought in people from Apple and Snapchat to help design it it, make sure that it was cutting-edge and user-friendly, fun to use, feature-rich, especially on the analytics side. And that is the part that will be integrated in these other platforms. When testing is finished, and I guess we're probably another several weeks away, then we'll begin the integration that will take us a good couple of months minimum. And then we'll see it deployed. Now internally, we've got great expectations for what we expect to see there. But if you were to look at our projections for the year, we're only expecting 5% of our revenue is going to come from that. So substantially, more in 2020. But as we get that product out, we'll keep everyone up-to-date enough to speed as to what we expect that to generate. But we're looking at it very, very conservatively because what we're going to do is make sure that we very much under promise and very much over deliver, and that's what we're intending to do. Appreciate it. Thanks for your interest. Thanks for your questions.
Do you think this is just another version of our existing software?
Rory J. Cutaia, Verb Technology Company, Inc. - Founder, Chairman, President, CEO, Secretary & Treasurer [20]
It's going pretty well. We've got the product now that is in testing. It's a brand-new very sophisticated yet super simple product to use. We've redesigned the interface. We've brought in people from Apple and Snapchat to help design it it, make sure that it was cutting-edge and user-friendly, fun to use, feature-rich, especially on the analytics side. And that is the part that will be integrated in these other platforms. When testing is finished, and I guess we're probably another several weeks away, then we'll begin the integration that will take us a good couple of months minimum. And then we'll see it deployed. Now internally, we've got great expectations for what we expect to see there. But if you were to look at our projections for the year, we're only expecting 5% of our revenue is going to come from that. So substantially, more in 2020. But as we get that product out, we'll keep everyone up-to-date enough to speed as to what we expect that to generate. But we're looking at it very, very conservatively because what we're going to do is make sure that we very much under promise and very much over deliver, and that's what we're intending to do. Appreciate it. Thanks for your interest. Thanks for your questions.
Do you think this is just another version of our existing software?
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2020 is YOUR year. Together we’ve been through it ALL. They threw everything at us and we remained committed & unstoppable. The table is set, we’ve built the base of over 1M strong, we developed the game changing tech & now we’re going to show everyone how we monetize it.
Rory J. Cutaia
Founder, Chairman & CEO
Rory J. Cutaia
Founder, Chairman & CEO