Insperity, Inc. (NYSE:NSP) Q1 2024 Earnings Call Transcript

Paul Sarvadi: Yes, absolutely. I think the main point to take away on that front is we are really structured and staffed and organized and working through processes. And even the technology investments we’ve already made have put us in a very strong position to flush out all these possibilities. And there are so many possibilities. And certain things are pretty obvious. And like I mentioned in the prepared remarks, we’re talking about things that drive efficiency or provide insights and things of that nature. And we’re on a great track to bring those forward. Now, we also believe that a lot of this is not there yet. We flushed out certain areas we’ve looked at and we said, wow, that’s going to be really good. It’s not really that good yet.

But we’re in a good position to capitalize on these things as they happen. And it was great timing for us to put Salesforce in place, which was significant to making sure that all our internal data is in one place. That’s powerful for this. And we’ve done a tremendous amount of work relative to implementation on modern data engineering and other analytics technologies. And I just think we’re in a great position to do this. But it’s not time to go into a lot of detail about that. But that’s coming soon.

Operator: Okay. Thank you very much. That appears to be the end of our question and answer session. I will now turn the conference back over to Mr. Sarvadi for any closing remarks.

Paul Sarvadi: Well, once again, I’d like to thank everyone for being with us today for this update. And I’d like to have a special invite to all of you to be a part of our Investor Day coming up later this month. There is also an opportunity for you to be here in person and a way to go through that process on our website. There’s also a link within our announcement that we put out today. But we’d love to have as many as possible, either in person or remotely. And look forward to answering a lot more questions, not only about the status of our current business model and the drivers, but how those are linked to this new strategic partnership and our expectations about how that will directly affect our likelihood degree and speed of success going forward here in Insperity and delivering shareholder value. So thank you again for your participation today. We look forward to seeing you soon.

Operator: Thank you very much, everyone. This does conclude today’s conference. You may now disconnect your phone lines at this time and have a wonderful day. Thank you for your participation.