Nov 2017

Disruption in the recruiting industry. Why Aussie accountants need to take notice

Disruption in the recruiting industry. Why Aussie accountants need to take notice

By: Odyssey General
Tags: Disruption, gig economy, graduates, recruiting

It seems more disruption is on the horizon, though of course some days it feels like it is changing faster than others. We’ve already been told the accounting graduates of 2017 are not like they used to be, and there are plenty of stories about what is important to new graduates. Not only is it important to find out what …


Nov 2017

The slow fuse of Australian Accounting and Taxation Compliance disruption.

The slow fuse of Australian Accounting and Taxation Compliance disruption

By: Odyssey General
Tags: Disruption, new business models, standardization

There must be many out there questioning where all the promised disruption is. Sometimes it seems like a slow burning fuse. Everyone seems remarkably focused on disruption, and new business models, that it’s a bit like peering at the dawn waiting for the impending attack. Anyone who’s actually stared at the dawn light knows that dawn isn’t punctual, and can …


Apr 2017

Australian Accountants have big problems: Disruption hits hard in professional services.

By: Odyssey General
Tags: compliance, Disruption, Offshoring

We live in interesting times, but there is no denying disruption over the past 20 years since the internet and email burst onto the scene. Uber, Airbnb and Xero have been around for over a decade, and yet at the same time we still have rampant use of desktop bookkeeping and accounting software here in Australia. A little over a …


Mar 2017

The future is online (and offshore) for Australian Compliance…

By: Odyssey Outsourcing
Tags: compliance, Disruption, programming

There was an interesting article in the Australian online news recently that a few years ago would have been scoffed at without further thought. The article was titled: “Is coding the blue collar job of the future?” and suggested that using the analogy of the building industry, we not only need architects and engineers and designers but also a lot of …


Jan 2017

Blockchain DLT option to replace CHESS

By: Odyssey General
Tags: BlockChain, Disruption, securities

In the press last week was more about the changes about to affect the CHESS System. As reported, the Australian Securities Exchange (ASX) has moved further down the track in developing a post-trade settlement system that will eventually replace the incumbent CHESS (Clearing House Electronic Sub-register System), and a blockchain-based system remains the front-runner.  We’ve certainly been mentioning the disruptive …


Jan 2017

NPP Disruption in real time payments coming this year…

By: Odyssey General
Tags: Banking, Disruption, New Payments infrastructure

Well this is the year when the NPP is due to be launched. Hailed as a game changer in the banking system that has the potential to transform how you pay for everything. Certainly this is a much needed system. Australians have certainly embraced electronic payments, but the payments systems behind electronic payments is certainly dated. The new piece of …


Oct 2016

Peer-to-peer hits the real estate market

By: Odyssey Cloud
Tags: cloud, Disruption

This week we look at an interesting peer-to-peer disruptive model that has hit the real estate market. For anyone who has ever sold a property, there are several variable costs that are always considered. Is my marketing budget sufficient or not. Should I go to auction or choose a price. What is the real estate commission. This new website certainly …


Oct 2016

Cheaper travel money… peer-to-peer

By: Odyssey Cloud
Tags: Disruption, Fintech

Another interesting disruption in the financial area. This week we take a look at currency exchange rates. Traditionally we’ve all arrived into a foreign airport and accepted the horrible exchange rates at the exchange kiosks, or perhaps we’ve gone downtown and bought Traveller’s cheques before departing, or some cash, or perhaps loaded up a currency card from one of the …


May 2016

Cloud accounting and automation threatens compliance jobs. A lesson from Driverless cars

By: Odyssey Cloud
Tags: Automation, Disruption, Internet of Things

You’d probably have been in a secluded cave if you haven’t heard about the internet of things.  However, we’re now on the edge of driverless cars, with many countries now having working cars available, but just needing regulations on how the vehicles will communicate on the roads.  We’re now on the cusp of seeing some incredible things that we’ve only …