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 …


May 2016

Sometimes the freelance model doesn’t cut it…

By: Odyssey Outsourcing
Tags: Freelance, Infrastructure, Security, Tax

Our Business development frequently receives calls comparing the freelance model to our hourly model. A lot of times these phone calls reveal accounting firms have been using freelance staff from freelance sites with success in roles such as virtual administration, IT support, IT coding, photography, website design, public relations, marketing, sales, and SEO. However, when the same firms look to …


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 …


May 2016

Accountants advised on outsourcing quality problems

By: Odyssey Publication
Tags: Ad hoc resources, Full time resources, limited outsourcing supply, Quality

Mitchell Turner released an article on Accountants Daily, explaining that there can be inconsistency issues and wavering quality levels when it comes to outsourcing of operations  overseas. This article might have been headed: “Problems with outsourcing”. As the article indicates, one Outsourcing provider notes the problems with controlling and managing outsourcing operations, quite possibly in reference to the recent trend …