Aug 2016

Tomorrow’s Digitally Enabled Workforce

By: Odyssey Publication
Tags: Automation, knowledge economy, Offshoring, Outsourcing

Earlier this year the CSIRO released a report on “Tomorrow’s Digitally Enabled Workforce”. Whilst this report is quite a read at 122 pages, this contains significant nuggets of information that give important offerings for accountants, and accounting firm owners. The move to the knowledge economy, offshoring and automation, and the new entrepreneurial freelancer models. As to why this report has …


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 …


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

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 …