The best opportunity globally in digitally marketing an application relevant to all businesses having over 100 employees
There are some questions that we typically get from all the people interested in becoming our Channel Partners
HRMantra Software Pvt Ltd (hereinafter called HRMantra) is into development, sales and support of its HRMS software called HRMantra since 1999. We haves invested thousands of person years in the process and hundreds of thousands of its users over the years have helped enhance the software not only in terms of functionalities but also technologies in this epic journey. Our product has had major version upgrades nearly every 4 years to handle the ever-growing HCM requirements. With our latest 7th global multilingual version developed in Angular technologies; we are going to take the global market leaders in this domain head on. We are determined to disrupt the HCM market globally. HRMantra is based out of Mumbai, India with employees located across the country and channel partners spread across the world. Today, any business across the world will find 300+ powerful reasons to opt for HRMantra over any other such product globally. HRMantra saves over 30 minutes per employee per day giving over 10 times ROI to our clients. Moreover, our pricing is 1/10th of the best rated HCM products globally and yet we offer double their features i.e. we offer 20 times better value compared such products. Later on, we also plan to release other business verticals including sales, accounts etc. to convert HRMantra into a complete ERP software.
Coronavirus pandemic has shaken up the global economy like never before and it is the worst disaster ever faced by humans. The Ukraine war has left the entire supply chain in mess raising food & fuel prices and sharply raising inflation, wage inflation & consequently most of the central banks had to keep on raising interest rates leading to recession in so many countries. Over 100 nations are in deep economic distress. We have converted this crisis into an opportunity by closing our rented offices and saving huge money otherwise wasted on rents, electricity, staff welfare, travelling cost etc. All our processes are 100% digitized. We are 100% self-funded and profitable from day 1 as we started with very few employees and as our income grew, we slowly increased our expenses but always kept it below 90% of our income. With such financial discipline and focus on HCM, HRMantra today is the most comprehensive HR software globally as can be seen by clicking on https://www.hrmantra.com/whyHr in which we have articulated over 300 very important features that we score better compared to any such product globally. Prospects can input the features offered by other products they have shortlisted or are currently using and quickly realize the value that we will bring to them over those offerings. We offer over 20 times better cost benefit ratio over any other such best products globally as our pricing is less than 10% of their total cost calculated over a 5-year period and we offer at least twice their features. So which organizations would not want to get such a bargain in these days of reduced margins? - it's a no brainer. Our SaaS model has huge client stickiness. We are rapidly innovating by the day with ambitious plans of getting listed in a couple of years. So, the future outlook of HRMantra is extremely bright and clear even in these gloomy dark times. There are over 200 million businesses worldwide and we estimate that over 1 million businesses having over 200 employees each will be quite eager to move to such a better value proposition. We plan to send millions of emails every month followed by other digital marketing mediums and hope thousands of people will be watching our video demos daily resulting into hundreds of orders every year.
We have a lot of top global brands endorsing HRMantra. Click on https://www.hrmantra.com/Customers to find more
For details, please click on https://www.hrmantra.com/AboutUs
Every business has 5 stages of HCM adoption curve. In the 1st start-up phase when the entrepreneur does not have any budget to buy serious HR products, they use free to use tools like Word, Excel, paper and emails to manage their HR activities. In the 2nd Micro stage when the employee numbers cross about 20, in countries like India; businesses have to deduct Provident Fund (like 401k plans in the USA) and many other such statutory deductions, so a serious payroll software becomes mandatory. Slowly attendance and leave applications cannot be managed using email or using paper and so such applications get required and HR executives gets recruited to handle these products as also to recruit employees from jobsites etc. When the number of employees cross about 100 and it becomes a small enterprise; the entrepreneur cannot keep track of employee names or their work output and so Performance and Learning Management systems becomes necessary to be used to do unbiased & fair performance evaluations and an HR manager is required. Also, as business expands, branch offices get setup and it becomes critical to also track travel expenses and timesheets. Globally any business when it has more than 500 employees is termed as a large enterprise. The management gets tired of using 5 to 10 different systems apart from using paper, email, spreadsheets and word processors to run the HR & payroll processes with multiple data entries and import-export hassles and each such software giving different results for very simple queries like how many active employees are there etc. They get frustrated with not getting the desired reports or dashboards on a real time basis from different products with varied User Interfaces. This is when they typically want the best that the world can offer and they also have the financial budgets. So now they need to hire an HR head with experience of working on the most exhaustive integrated hire to retire HR products. At this 4th stage of HR product adoption, HRMantra would like to enter (though we will be looking at even 200 employee businesses which is going to be our minimum billing size) and solve all such pain points so that the employers can focus on their core business problems. At this last 5th stage of maturity, when a business has over 2500 employees and is ready to expand rapidly into multiple countries becoming an MNC. they need a powerful HR product which can handle complicated HR policies with complex statutory compliances in different countries in varied languages. HRMantra can handle all such issues of a Mega Enterprise easily.
Since we are clearly targeting large & mega businesses globally having more than 500 employees (we definitely will not do any billing less than 200 out of India and 500 within India). We believe there will be many businesses having 100+ employees who would not mind paying cost of minimum 200 employees billing as below that is going to be a loss-making deal for us); let us evaluate the market size and potential worldwide. There are around 200 million businesses globally as can be seen by clicking on https://www.google.com/search?q=how+many+businesses+in+the+world&oq=how+many+busines&aqs=chrome.3.69i57j0l7.11867j0j7&sourceid=chrome&ie=UTF-8. i.e., 1 business for every 40 persons. In USA alone there are more than 100,000 businesses having more than 100 employees from over 6 million businesses (https://www.statista.com/statistics/487741/number-of-firms-in-the-us-by-employment-size/); we can safely estimate that then there might be around 1 million enterprises each having so many employees. So, the potential business is unimaginably large. Our pricing being around 1/10th (calculated over a 5-year period including implementation costs charged by them) of the best rated products like Workday & SAP SF. Most of these products focus only on the talent management side (mainly recruiting, performance management & learning management modules and even in these modules, their depth is much less than offered by HRMantra) so how many orders can you crack is depended upon how fast you want to grow rich. The best thing is that you do not need to learn the product in depth as your load of giving demos is eliminated as your prospects will be watching the online 6-hour detailed video demos. Your main task is going to be finding prospects having over 200 employees and following up with them to ensure that they watch the online demos and, negotiations and order closures. Even the order form etc. is going to be digitally signed by us as also all billing. Each order can help you get great recurring income as can be seen by reading all the 3 Channel partner schemes. Once we
HRMantra is a serious business application and will be purchased by the prospects only after watching a series of long demonstrations typically 3 demos of more than 4 hours each. They may ask you many questions before a decision to go for HRMantra is taken and around 3 months of diligent follow ups is required usually before the deal can be cracked. So, we have to train our Gold Channel & Diamond Partners really well to be able to not only pick up the product knowledge but answer all queries nicely and crack orders. The Diamond Partner has to be trained much more as they need to handle software implementation and customer support queries. The least time involved is for the Silver Partner to be effective but even in this case, we need to invest many days and hence the Channel Partner fees cannot be waived. We want only those people who see themselves devoted to this business to become our Channel Partner and so just US$ 1000 as advance is an investment in yourself. Trust us with the fact that we are not making any money in the Channel Partner fees as all such money will be going to be invested in making the Channel Partner effective.
No. As explained in point 7, there is a lot of time spent by HRMantra in making a Channel Partner effective, hence Channel Partner fees cannot be refunded. Also, if you make just 5 more Silver Channel Partners, you earn US$ 1000 so there is zero risk of losing any money. You just need to be resourceful.
No. You see, a Channel Partner staying in Dubai can ask a prospect in Singapore to watch the online video demo so there cannot be any regional or country specific boundaries in this business. And since we want to reach 10s of millions of businesses globally, in a region depending upon just 1 Channel Partner to do justice to our expansion plans will be not right.
No. We want each Channel Partner to be self-motivated to do their best. A Channel Partner is not a salaried employee of HRMantra and so it is not right to set some minimum yardstick to stay as a Channel Partner of HRMantra. In case you have any question still unanswered, feel free to write to [email protected] and we will be happy to revert. But as you have understood by now that this is a great business plan which anyone sitting in the comfort of his home can start and reap huge returns, so why wait? There is absolutely no risk and just US$ 1000 to invest with unlimited growth opportunities. The sky is the limit! So come on board fast and become our growth partner.