GVHR » Topics » We may not be able to keep pace with changes in technology

These excerpts taken from the GVHR 10-K filed Mar 16, 2009.

We may not be able to keep pace with changes in technology.

 

To maintain our growth strategy, we must adapt and respond to technological advances and technological requirements of our clients. Our future success will depend on our ability to enhance capabilities and increase the performance of our internal use systems, particularly our systems that meet our clients’ requirements. We continue to make significant investments related to the development of new technology. If our systems become outdated, we may be at a disadvantage when competing in our industry. There can be no assurance that our efforts to update and integrate systems will be successful. If we do not timely integrate and update our systems, or if our investments in technology fail to provide the expected results, there could be an adverse impact to our business and results of operations.

 

We depend on third-party technology licenses and the loss or inability to maintain these licenses or errors in the software we license could result in increased costs, reduced service levels and delayed sales of our products and services.

 

We rely on third-party vendors for software, and if their products are not available, or are inadequate, our business could be seriously harmed. For example, we process payroll for most of our client employees using Oracle’s Human Resources Management System (HRMS) and Payroll processing applications. Our service delivery capability incorporates and relies on Oracle software that we license directly from Oracle. If Oracle or our other software vendors change or fail to maintain a product that we are using or do not permit use of that product by our clients or us, or if our licensing agreements are terminated or not renewed, we could be forced to delay or discontinue our services until substitute technology can be found, licensed and installed. We could also be forced to pay significantly higher licensing fees with respect to such substitute technology. In addition, our products depend upon the successful operation of third-party services and products, and any undetected errors in these products could prevent the implementation or impair the functionality of our products, delay new product introductions, and harm our reputation and sales.

 

We may not be able
to keep pace with changes in technology.



 



To
maintain our growth strategy, we must adapt and respond to technological advances
and technological requirements of our clients. Our future success will depend
on our ability to enhance capabilities and increase the performance of our
internal use systems, particularly our systems that meet our clients’
requirements. We continue to make significant investments related to the
development of new technology. If our systems become outdated, we may be at a
disadvantage when competing in our industry. There can be no assurance that our
efforts to update and integrate systems will be successful. If we do not timely
integrate and update our systems, or if our investments in technology fail to
provide the expected results, there could be an adverse impact to our business
and results of operations.



 



We depend on third-party technology licenses
and the loss or
inability to maintain these licenses or errors in the
software we license could
result in increased costs, reduced service levels and
delayed sales of our products
and services.



 



We
rely on third-party vendors for software, and if their products are not
available, or are inadequate, our business could be seriously harmed. For
example, we process payroll for most of our client employees using Oracle’s
Human Resources Management System (HRMS) and Payroll processing applications.
Our service delivery capability incorporates and relies on Oracle software that
we license directly from Oracle. If Oracle or our other software vendors change
or fail to maintain a product that we are using or do not permit use of that
product by our clients or us, or if our licensing agreements are terminated or
not renewed, we could be forced to delay or discontinue our services until
substitute technology can be found, licensed and installed. We could also be
forced to pay significantly higher licensing fees with respect to such
substitute technology. In addition, our products depend upon the successful
operation of third-party services and products, and any undetected errors in
these products could prevent the implementation or impair the functionality of
our products, delay new product introductions, and harm our reputation and
sales.



 



We may not be able
to keep pace with changes in technology.



 



To
maintain our growth strategy, we must adapt and respond to technological advances
and technological requirements of our clients. Our future success will depend
on our ability to enhance capabilities and increase the performance of our
internal use systems, particularly our systems that meet our clients’
requirements. We continue to make significant investments related to the
development of new technology. If our systems become outdated, we may be at a
disadvantage when competing in our industry. There can be no assurance that our
efforts to update and integrate systems will be successful. If we do not timely
integrate and update our systems, or if our investments in technology fail to
provide the expected results, there could be an adverse impact to our business
and results of operations.



 



We depend on third-party technology licenses
and the loss or
inability to maintain these licenses or errors in the
software we license could
result in increased costs, reduced service levels and
delayed sales of our products
and services.



 



We
rely on third-party vendors for software, and if their products are not
available, or are inadequate, our business could be seriously harmed. For
example, we process payroll for most of our client employees using Oracle’s
Human Resources Management System (HRMS) and Payroll processing applications.
Our service delivery capability incorporates and relies on Oracle software that
we license directly from Oracle. If Oracle or our other software vendors change
or fail to maintain a product that we are using or do not permit use of that
product by our clients or us, or if our licensing agreements are terminated or
not renewed, we could be forced to delay or discontinue our services until
substitute technology can be found, licensed and installed. We could also be
forced to pay significantly higher licensing fees with respect to such
substitute technology. In addition, our products depend upon the successful
operation of third-party services and products, and any undetected errors in
these products could prevent the implementation or impair the functionality of
our products, delay new product introductions, and harm our reputation and
sales.



 



These excerpts taken from the GVHR 10-K filed Mar 17, 2008.

We may not be able to keep pace with changes in technology

        To maintain our growth strategy, we must adapt and respond to technological advances and technological requirements of our clients. Our future success will depend on our ability to enhance capabilities and increase the performance of our internal use systems, particularly our systems that meet our clients' requirements. We continue to make significant investments related to the development of new technology. If our systems become outdated, we may be at a disadvantage when competing in our industry. There can be no assurance that our efforts to update and integrate systems will be successful. If we do not timely integrate and update our systems, or if our investments in technology fail to provide the expected results, there could be an adverse impact to our business and results of operations.

We may not be able to keep pace with changes in technology





        To maintain our growth strategy, we must adapt and respond to technological advances and technological requirements of our clients. Our future success will depend
on our ability to enhance capabilities and increase the performance of our internal use systems, particularly our systems that meet our clients' requirements. We continue to make significant
investments related to the development of new technology. If our systems become outdated, we may be at a disadvantage when competing in our industry. There can be no assurance that our efforts to
update and integrate systems will be successful. If we do not timely integrate and update our systems, or if our investments in technology fail to provide the expected results, there could be an
adverse impact to our business and results of operations.





This excerpt taken from the GVHR 10-K filed Mar 16, 2007.
We may not be able to keep pace with changes in technology
 
To maintain our growth strategy, we must adapt and respond to technological advances and technological requirements of our clients. Our future success will depend on our ability to enhance capabilities and increase the performance of our internal use systems, particularly our systems that meet our clients’ requirements. We continue to make significant investments related to the development of new technology. If our systems become outdated, we may be at a disadvantage when competing in our industry. There can be no assurance that our efforts to update and integrate systems will be successful. If we do not timely integrate and update our systems, or if our investments in technology fail to provide the expected results, there could be an adverse impact to our business and results of operations.
 
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