21

Feb 2019

End of compliance work-new

End of Compliance work.. Are we there yet?

By: Odyssey General
Tags: Automation

For those that had some holiday reading time over the Christmas break, or even those that are looking at social media, there has been a lot of recent interest in continual improvements in time-saving devices, cloud and automation, as well as AI bots. Somewhere through the noise there is substance to two important undisputable facts for Australian accountants: The future …

04

Jan 2018

Australian compliance: Automation and unemployment increasingly likely

Australian compliance: Automation and unemployment increasingly likely

By: Odyssey Automation
Tags: Automation, future of work, Robots, unemployment

During the Australian Christmas break we thought we’d reach out into some holiday reading. “Inventing the Future: Postcapitalism and a World Without Work” by Nick Srnicek and Alex Williams, touches on some interesting concepts, which are particularly relevant if the apocalyptical end of compliance is even half way true. In this book, Nick and Alex put forward that Automation and …

12

Oct 2017

The future of Australian Tax Compliance… Why Gen Y find it hard to engage

By: Odyssey Automation
Tags: Automation, compliance, employability, Gen Y

With Automation likely to impact compliance in the near future, and offshoring impacting compliance now, this week we look at Gen Y’s engagement with the future of compliance. There has been plenty of discussion about offshoring and automation affecting compliance, and particularly where the new “Middle Managers” will be found in 3-5 years if graduates aren’t being engaged and recruited …

28

Sep 2017

The Legal market pulse. Exploring alternative business models including outsourcing

The Legal market pulse. Exploring alternative business models including outsourcing

By: Odyssey Publication
Tags: Automation, commbank, legal market pulse, NewLaw, Outsourcing

The Commbank Legal Market Pulse has some interesting reading for Australian accountants, especially in the compliance area. Australia’s leading law firms are moving into, and responding to, a rapidly changing market. The changes are brought about by intensifying competitive pressures, with subdued revenue growth, margin compression, and increasingly demanding clients. This is compounded by continual price negotiations, the increasingly competitive …

10

Aug 2017

5 Threats to Australian compliance work today

5 Threats to Australian compliance work today

By: Odyssey General
Tags: Australian compliance, Automation, Outsourcing, pricing pressure

In this blog we put down our thoughts on the 5 big threats to the future of Australian compliance. Software houses and Artificial Intelligence Starting the countdown from the most important threat (I guess that means we have the drumroll first), is Software houses and Artificial Intelligence. We put these at the top of our list, and research shows that …

27

Apr 2017

Disruption in the real estate sector, lessons for Australian compliance

By: Odyssey General
Tags: Automation, Digital Disruption, Outsourcing, real estate, time on compliance

Watching the recent changes in the Australian real estate sector has been interesting, along with comments about McGrath and the newly formed “The Agency”. An interesting comment surfaced recently: “Going back before the float I could see the fragmentation of the industry – the huge impact the internet is having on our business model, the unprecedented low stock levels, and how …

06

Apr 2017

How accountants will survive automation

By: Odyssey Automation
Tags: Automation, Bots, compliance

Remaining relevant suddenly takes on a sense of urgency with recent automation releases. It’s pretty obvious by now that clients aren’t going to pay for someone to regurgitate the tax code, when they have access to the same tax code online. Firms building their own compliance teams offshore are headed in the wrong direction. The push should be into automation, …

23

Mar 2017

Goodbye to Compliance Jobs, but will Robots meet with your clients?

By: Odyssey Automation
Tags: Automation, compliance, offshore, Robots

Goodbye and Good Riddance to Compliance. But just how far will robots and automation shave off the compliance workload. And will robots meet with your clients? In mid last year there was excitement on the release of robots which mimic human walking habits, with videos released of the humanoid Durus. Later last year a massive 4 metre Avatar like robot was built in South …

02

Mar 2017

Are we irrevocably losing Compliance skills in Australia?…

By: Odyssey Outsourcing
Tags: Automation, compliance, job loss, Offshoring, Outsourcing

I had a chat with a firm the other day that was resisting outsourcing and going to keep hiring local staff, on the pretext that managers of the future had always come from within the ranks. Late last year we blogged about the possible trend to bring the jobs back home as a result of changes in the Australian political climate. …