Nov 2016

Corrupt insiders at offshore call centres sell private data…

By: Odyssey In the Press
Tags: Call Centre, Data, offshore

Powering into the Australian news recently is the investigation by Fairfax media into the sale of private details of Australian customers. A Mumbai-based security firm is asking between $350 and $1000 in exchange for the private information. And there may be several private companies selling phone records, home addresses and other private details of Australian telecommunication company customers. What’s the risk? This …


Jul 2016

Relax, a robot might not take 98% of your compliance work

By: Odyssey In the Press
Tags: Automation, Digitisation, obsolete, Offshoring

There have been plenty of reports recently about jobs areas “at risk” due to computerization, commoditization and offshoring. A 2013 report on “the future of employment: How susceptible are jobs to computerization” talks about factors impacting work in the future including the surge in computing power, streamlining of tasks and offshoring. Certainly these issues are still relevant today. This report …


Jun 2016

Australian Accountants are using offshore outsourcing

By: Odyssey In the Press
Tags: APESB, compliance, Offshoring, Outsourcing

Just last week a news article came out with the heading: “Australian accountants are using offshore outsourcing” In an era where newspapers search for newsworthy news, this might be as shocking as it gets in the accounting world. The first interesting question is why, after a week of the article being online, there are yet no comments. Perhaps this isn’t …


May 2016

SOA Automation. Tools promising 80% time savings putting pressure on offshore Paraplanners

By: Odyssey In the Press
Tags: Automation, Cost Savings, SOA

A non-institutionally owned financial planning and accounting dealer group has launched an automated Statement of Advice (SoA) tool it claims will cut the time it takes accountants to produce a range of advice documents by up to 80 per cent. The tool produces SOA’s in five key areas: stablishing a self-managed superannuation fund (SMSF); borrowing to invest in real estate under a Limited Recourse …


Apr 2016

More Disruption on the way… SMSF’s and free HR Software

By: Odyssey In the Press
Tags: Disruption, SMSF

Westpac Banking Corporation’s venture capital fund Reinventure Group has invested into Flare HR, a startup that is looking to disrupt the industry super funds’ stranglehold over the market for default super funds. Flare HR provides free HR software to small-to-medium-sized enterprises. The free software is a fully digital on-boarding process for employees and includes employment contracts that are signed electronically by cloud, performance reviews, …


Apr 2016

Blockchain technology is going to change the face of finance forever

By: Odyssey In the Press
Tags: BlockChain, Disruption

We’re starting to see some momentum in blockchain, with blockchain being touted as the glue that is going to drive a productivity revolution across the globe on par with what Henry Ford did with the automobile. Big banks around the world are moving at pace to build blockchains. A group of 40 global banks have used different distributed ledger technology to …


Mar 2016

Firm of the Future

By: Odyssey In the Press
Tags: cloud, Firm of the future, offshore

In 2007 CPA Australia released its Firm of the Future report. Many of the key drivers of change identified in 2007 came about including technology developments, business processes, knowledge management and the mobile workforce. Underlying enablers we now take for granted weren’t in existence at that time. Iphones, ipads, apple watches and swipe technology were still on the drawing board. …