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Nathan Kamstra

๐Ÿ‘ค Speaker
147 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1574 Why This CIO Believe Indonesia Next Growth Opportunity for Team Insurance and Benefits

One of them would be recruitment, but you would also have different components like employee management, benefits administration, broking administration.

SaaS Interviews with CEOs, Startups, Founders
1574 Why This CIO Believe Indonesia Next Growth Opportunity for Team Insurance and Benefits

So if you think about the...

SaaS Interviews with CEOs, Startups, Founders
1574 Why This CIO Believe Indonesia Next Growth Opportunity for Team Insurance and Benefits

you know, the recruitment as just a small piece of that larger platform, you're going to have a different, you're going to have a different customer that's going to look for different, the other components or all the components in a larger platform.

SaaS Interviews with CEOs, Startups, Founders
1574 Why This CIO Believe Indonesia Next Growth Opportunity for Team Insurance and Benefits

So if we just look at the recruitment piece, it's not going to give us a good formula on what staking return is going to be for the rest of the platform.

SaaS Interviews with CEOs, Startups, Founders
1574 Why This CIO Believe Indonesia Next Growth Opportunity for Team Insurance and Benefits

For that, what we're doing is just really looking at the industry as a whole and seeing where we can better fit

SaaS Interviews with CEOs, Startups, Founders
1574 Why This CIO Believe Indonesia Next Growth Opportunity for Team Insurance and Benefits

um, our software, especially for Indonesia.

SaaS Interviews with CEOs, Startups, Founders
1574 Why This CIO Believe Indonesia Next Growth Opportunity for Team Insurance and Benefits

The thing about Indonesia right now is it's just, it's just becoming a mature market.

SaaS Interviews with CEOs, Startups, Founders
1574 Why This CIO Believe Indonesia Next Growth Opportunity for Team Insurance and Benefits

It's, it's not there yet.

SaaS Interviews with CEOs, Startups, Founders
1574 Why This CIO Believe Indonesia Next Growth Opportunity for Team Insurance and Benefits

Well, so both, right.

SaaS Interviews with CEOs, Startups, Founders
1574 Why This CIO Believe Indonesia Next Growth Opportunity for Team Insurance and Benefits

So we're building different components, but you know, our focus, we're going to change the revenue model from SAS to,

SaaS Interviews with CEOs, Startups, Founders
1574 Why This CIO Believe Indonesia Next Growth Opportunity for Team Insurance and Benefits

to one of broken revenue.

SaaS Interviews with CEOs, Startups, Founders
1574 Why This CIO Believe Indonesia Next Growth Opportunity for Team Insurance and Benefits

And therefore we need to build out a broken component of benefits administration.

SaaS Interviews with CEOs, Startups, Founders
1574 Why This CIO Believe Indonesia Next Growth Opportunity for Team Insurance and Benefits

And again, focus very specifically on Indonesia.

SaaS Interviews with CEOs, Startups, Founders
1574 Why This CIO Believe Indonesia Next Growth Opportunity for Team Insurance and Benefits

Well, so really the way this works is that we build out a platform.

SaaS Interviews with CEOs, Startups, Founders
1574 Why This CIO Believe Indonesia Next Growth Opportunity for Team Insurance and Benefits

We effectively give the platform away for free as long as we're getting the broken revenue.

SaaS Interviews with CEOs, Startups, Founders
1574 Why This CIO Believe Indonesia Next Growth Opportunity for Team Insurance and Benefits

So we essentially take your benefits, go broker them through insurance companies, find the best fit for you, and then administer either a very low or no cost.

SaaS Interviews with CEOs, Startups, Founders
1574 Why This CIO Believe Indonesia Next Growth Opportunity for Team Insurance and Benefits

And the reason that's important is because in a lot of cases, these companies, you know, a

SaaS Interviews with CEOs, Startups, Founders
1574 Why This CIO Believe Indonesia Next Growth Opportunity for Team Insurance and Benefits

an HRS platform can be extremely expensive and very difficult to implement.

SaaS Interviews with CEOs, Startups, Founders
1574 Why This CIO Believe Indonesia Next Growth Opportunity for Team Insurance and Benefits

And so midsize companies are going to be challenged to do that.

SaaS Interviews with CEOs, Startups, Founders
1574 Why This CIO Believe Indonesia Next Growth Opportunity for Team Insurance and Benefits

And then large scale companies are going to spend a lot of money in implementation, effectively trying to make it built for them.