FinTech Magazine October 2020 | Page 261

ELMO Corporate Video
ELMO Corporate Video
CLICK TO WATCH | 3:59
261 benefits of companies shifting to the cloud comes down to what ’ s been happening this year ,” adds Haslam . “ You ’ ve got companies that are now working remotely on a mass scale ; 500 + people working remotely is a huge challenge for the management of performance cycles , payroll , recruitment , onboarding and training of people .”
This reality has been made plain by trends in customer behaviour during the lockdown , with platform engagement rising considerably . “ We ’ ve seen an increase in platform reliance , underscoring the thesis that a cloud-based HCM solution is a critical component for a company ’ s toolkit .” Regarding changes in prospective customer purchasing decisions , Haslam and ELMO have noticed some key trends . “ In terms of changes in purchasing decisions , we ’ ve observed a change in the procurement cycle through the pandemic with companies generally working to identify what the pandemic will do to their results , and as a result , we have seen procurement being deferred , creating pent up demand , as company executives look to conserve cash ,” he says . “ However ,
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