The next wave of HR Software innovation has arrived. Without rushing too far ahead, here is a recap of the amazing disruption that has occurred in the HR Software Market over the past 5 years.
There has been a dramatic shift in the pricing model of HR Cloud SaaS. There is a huge shift from on premise licencing to Annualised. Oracle has made this shift and is now one of the biggest generators of revenue in the Cloud Software space.
Public price. No longer can software companies hide behind complexity. Consumers want to know how much they are going to have to spend before they look at a product. They want to be able to try before they buy. This is now a mandatory requirement.
Configuration. Gone are the days of software companies clawing customisation $ away from customers. Historically, businesses have been at the mercy of Software vendors. Even simple changes had been expensive and complex to perform. With pure-play HR Software systems, end-user configuration is straight forward. Customers can save tens of thousands of dollars over the life of the product.