The PRWIRE Press Releases https:// 2020-10-29T01:51:44Z Sam Zervides steps down as IPA VIC President to focus on financial advice practice growth 2020-10-29T01:51:44Z sam-zervides-steps-down-as-ipa-vic-president-to-focus-on-financial-advice-practice-growth Principal and founder of Australian Wealth Solutions Pty Ltd (AWS) Sam Zervides has advised that he chose not to renominate for the position of Victorian President in the recent Institute of Public Accountants (IPA) election in order to focus on managing the growth of his expanding financial advice business.   Commenting on his decision, Sam Zervides said he was very proud of what he had achieved during his term as IPA’s Victorian President, but it was time to move on.  Sam will maintain his association with the IPA and continue to oversee the local networking / focus group he has headed for nearly 14 years.   “2020 has been a year of unprecedented challenges for the financial services industry and many practices are still trying to come to terms with the dual impact CV19 and FASEA has had on their businesses.  Unfortunately, these factors, together with industry rationalisation have combined to polarise advice businesses into two distinct camps”.   One is pessimistic about the future and want to exit the industry as soon as possible.  The other is bullish and preparing to capitalise on the opportunities to come in the new era.   “AWS is most definitely in the second group and the manner in which we weathered the challenges of 2020 has served to validate our strategy and operational framework”, said Sam Zervides.    “Even though AWS was able to successfully continue its activities and provide the highest standards of advice and service, there is an immediate imperative to prepare for the new normal post CV19.  To be in a position to create value for clients as expectations, values, habits and demands are going to change”.   “These changes in client expectations are already shaping the structure of advice businesses and are irreversible.  It’s for this reason that I am focussing my energies on the future and being ahead of the curve in responding to these evolving client needs”.   Sam Zervides is adamant that those who fail to respond and continue with their business-as-usual pre-pandemic approach run the very real risk of becoming irrelevant and being left behind.   The first of two critical agendas Sam Zervides is focussed on is the client experience that prioritises the client journey and utilises technology, latest processes and innovation to improve engagement, outcomes and service.    New complementary financial and lifestyle services and value-add offerings are also being developed and well advanced.  They will be provided in-house or in partnership with appropriate alliance partners and recognise that financial strategies are not standalone undertakings.    It will take the provision of financial advice and professional services to the next level.   The second of Sam’s priorities reflects his steadfast belief that AWS’s most important asset are the people that comprise the business.    In order for staff to operate at their best, they need the best tools available to them i.e. friendly / efficient work environment, systems, technology, processes and achievable KPIs.    Sam also devotes a great deal of time personally coaching and mentoring staff as a winning culture starts by treating each team member as an individual and being responsive to their personal and professional aspirations.   “The team of planners, paraplanners and administrative staff are collectively central to everything we do: and if you ask any client or alliance partner what they like most about AWS, I know for a fact that dealing with the team will be one of their highlights”, said Sam Zervides.   Sam Zervides concluded, “As advice businesses grapple with the new decade and beyond, it’s clear a more strategic approach is needed, hence AWS laying a foundation for tomorrow.    “The benefits will be many and doing so reaffirms the significance of the relationship and services; demonstrates the creation of value for AWS clients; acts as beacon to attract highly talented, motivated employees; and positions the business for long-term growth and success”.   Issued by Australian Wealth Solutions             Media enquiries:     Mr. Joe Perri, Joe Perri & Associates Pty Ltd Mob: +61 412 112 545       Email: FourPL Announces Strategic Partnership with SnapLogic to Simplify and Accelerate Process Integrations 2020-10-26T02:41:08Z fourpl-announces-strategic-partnership-with-snaplogic-to-simplify-and-accelerate-process-integrations-1 Melbourne, 26 October: FourPL, a leading Australian IT consulting company specialising in supply chain and procurement, has announced a strategic partnership with SnapLogic, provider of the #1 Intelligent Integration Platform. The partnership will enable customers to seamlessly connect their Coupa and third-party systems, automating business processes faster and improving decision making. FourPL is a preferred SnapLogic reseller and consulting partner in Australia delivering a unified view in Spend Management (Coupa) and Business Automation. “We are excited about this partnership with SnapLogic and believe that we will be able to support our customers in integrating solutions and business processes in a much shorter time so they can start realising value from their cloud solutions that are common in today’s modern hybrid landscape,” says FourPL’s COO Chris Poulton. “Fast, seamless data flow across the end-to-end spend management supply chain provides organisations with the real-time visibility and control they require to effectively manage their spend and deliver faster value at lower costs,” says Brad Drysdale, Field CTO at SnapLogic. “FourPL has deep knowledge and expertise in spend management and understands the integration challenges organisations face. We’re excited to work with FourPL to help our customers integrate and automate their spend management processes and get the most out of every dollar.” SnapLogic’s self-service, AI-powered integration platform helps organisations connect applications and data sources, automate common workflows and business processes, and deliver exceptional experiences for customers, partners, and employees. Thousands of enterprises around the world rely on the SnapLogic platform to integrate, automate, and transform their business. -Ends-   About FourPL FourPL is a leading Australian owned supply chain and procurement solutions provider with offices in Melbourne, Sydney, and Brisbane. Our focus is to help large companies recognise where they can gain value with technology, understand how a technology initiative is performing, help them buy a solution, or deliver the outcome/service they require. We have specialist systems expertise within the domains of Spend Management, Logistics Execution and Supply Chain Visibility. We work with global partners and leading-edge technology solution providers and take pride in our independence when choosing to work with solution providers.  Overseas Property: Getting an Australian Mortgage as a Foreigner is much easier and quicker with Borderless Mortgagor Group 2020-10-25T00:50:37Z overseas-property-getting-an-australian-mortgage-as-a-foreigner-is-much-easier-and-quicker-with-borderless-mortgagor-group If you are not an Australian and you are wondering whether you can own property in Australia, the answer is yes, you can buy property in Australia – even if you do not live in the country. Many investors have aspired to own property in Australia. While they may currently be living abroad, there are many reasons why investors are buying property in Australia and why the country’s real estate is desirable; as an investment, as somewhere to stay occasionally or as a way to provide for future needs.   A growing number of Asian & Middle East investors are buying properties abroad. The top destinations that have attracted Asian wealth are –Australia, United Kingdom, Netherlands,Cyprus, Germany, United States of America and Canada. Who are the buyers?  ·      61% Businessmen and industrialists  ·      25% Self-employed/Traders  ·      10% Working Professionals  ·      3% Self-Employed professionals  ·      1% Others    That said, buying property in the Australia as a foreigner is easier if you are a cash buyer – i.e. do not need to apply for a mortgage or additional borrowing as it may be difficult to apply for such a mortgage.   But what about if you need to buy property on a mortgage? Does it complicate things? Let’s find out.   Loan Options There have been a growing number of Australian lenders in the last decade specialising themselves in offering mortgages and short term finance designed specifically for non-Australian citizens buying or refinancing Australian property.   Borderless Mortgagor Group has several Foreign National Mortgages, Non Citizen mortgage programs catered specifically for non-resident investors investing overseas regardless if they have foreign credit reports, residency or proof of income. As of 2020, Borderless Mortgagor offers mortgages in over 26 countries to foreign nationals which includes the US, UK, Australia, Canada, Europe, Eastern Europe, Thailand, Singapore and many more.They work directly with over 350 lenders to create loan program specifically for the requirements  for various nationalities in Asia, Australia & Europe. Mortgage programs include residential, commercial, bridging, short-term, delayed mortgage payment & cash out refinancing. Director of Borderless Mortgagor Group, Darsh Kuma, said Overseas buyers are still finding it difficult to obtain a mortgage from overseas lenders. The international mortgage market is extremely complex and time consuming. There are many issues to take into consideration such as currencies, income, security and the legal framework in different countries. There is finally an International mortgage solutions for foreign nationals who wants to invest overseas. Borderless Mortgagor Group seeks to bridge this gap with end-to-end solution for non resident mortgage lending. With a global network of over 350 lenders offering 1000 different custom mortgage products in over 20 different countries. The process is streamlined, fast, and efficient—so clients can enter the property market quickly and find the property that best suits their needs. For more information on overseas lending and international properties please visit Cyprus has the European Union's most favourable tax system for corporate & individuals 2020-10-25T00:42:17Z cyprus-has-the-european-union-s-most-favourable-tax-system-for-corporate-amp-individuals It is important to highlight that Cyprus is not an offshore tax haven. The Cypriot tax regime and tax legislation is in full conformity with both European Union Laws and Directives and with the Organisation for Economic Cooperation and Development (OECD). In fact, Cyprus has not only fully adopted all EU Directives, it has even gone further by not imposing minimum holding period, percentage holding and any other restrictions used by most Member States. This then also becomes one of the main tax benefits to investment activities via Cyprus; that is, the sector's global recognition, conformity and credibility. Testament to this is also the extensive network of Cyprus double taxation treaties, working closely with other nations to benefit their private sector, encourage investment, growth and progress, whilst ultimately also benefiting the company's home country. Indeed, tax planning advantages in Cyprus reach far beyond saving tax (money). It is a complete business strategy for investment (especially to Europe, Middle East and Africa), as well as a global solution for financial efficiency. These benefits are for large corporate companies, small and medium size enterprises (SME), as well as individuals. CYPRUS CORPORATE TAX HIGHLIGHTS Cyprus stands out as a premium corporate tax planning jurisdiction due to the following key aspects: ·      Now with a 12.5% cap, Cyprus has the lowest corporate tax in the European Union – applies to both onshore and offshore companies. Corporate tax can be reduced to 0% since gains from trading in securities are completely exempt ·      No withholding tax on dividends, interest and royalties paid from Cyprus; Dividends to shareholders are tax free. There is no minimum participation on in bound dividends to qualify for tax exceptions ·      Profits from the sale of shares, bonds, debentures and other titles of companies established anywhere in the world are exempt from tax ·      Extensive double tax treaties network – Cyprus has double tax treaties with over 50 countries. ·      50% of income from interest derived by a Cypriot registered company is exempt from corporate tax ·      No inheritance or gift tax in Cyprus; No Net Wealth Tax ·      Free movements of profits derived from operation on non resident investments ·      Full capital gains tax exemption is given on capital gains ·      Salaries of foreign employees of offshore entities employed outside Cyprus are completely tax exempt ·      Access to EU directives ·      No Controlled Foreign Corporation legislation Borderless Mortgagor Group is an International Property Consultant, with a global network of over 3000 properties lenders offering 1000 different Offshore Solutions in over 20 different countries. The process is streamlined, fast, and efficient—so clients can enter the property market quickly and find the property that best suits their needs. For more information on overseas lending and international properties please visit  Borderless Mortgagor Group lawyers in Cyprus can provide you all the information about the taxation system. You can also contact us if you need details about company incorporation or the legal system in Cyprus No Obligation. No-Risk. Completely Confidential. Tailor-Made Customised Offshore Solutions. Made Completely For You.           JIM ROGERS “THE INDIANA JONES OF FINANCE” COMPLIMENTARY SEMINAR 2020-10-19T23:04:32Z jim-rogers-the-indiana-jones-of-finance-complimentary-seminar-www-wealth2021-com LEGENDARY INVESTOR JIM ROGERS TELLS AUSTRALIA TO MAKE FRIENDS IN ASIA & STOP RUNNING UP DEBTS! # JIM ROGERS “THE INDIANA JONES OF FINANCE” # STOP RUNNING UP DEBTS, MAKING ENEMIES & INCREASE IMMIGRATION # INVEST IN COMMODITIES & AGRICULTURE # 3 TIPS FOR KIDS  - SPEAK A 2NDLANGUAGE, SAVE & WORK Legendary investor and author Jim Rogers rode around the world on his motorbike twice and a convertible Mercedes once, to write Investment Biker and Adventure Capitalist, believes Australia needs to stop running up debts and make friends in Asia, advises people to invest in commodities and agriculture and will be speaking at the free WEALTH TRANSFER 2021 livestream seminar across Australia on Wednesday 28th October 2020. Free registration at  At the Wealth Transfer 2021 livestream seminar Jim will speak about how to get ready for the imminent global collapse of the economy as well as reveal where the real money is hiding in the market right now. In 1973  Rogers co-founded the Quantum Fund and during that decade the portfolio gained 4200 % while the S&P advanced 47%. Rogers then decided to “retire” and spent some time travelling on a motorcycle around the world.  Rogers was named the Indiana Jones of Finance by Time magazine following his 3 Guinness World Record achievements in riding around the world on his motor bike to write Investment Biker and driving in his sunburst-yellow custom-built convertible Mercedes to write Adventure Capitalist. His 3rd record was the car trip over 3 years for the longest continuous car journey.  “While I have never patronized a prostitute," Jim writes, "I know that one can learn more about a country from speaking to the madam of a brothel or a black marketeer than from meeting a foreign minister." Commodities and Agriculture. Jim Rogers says “ Wherever there is a crisis there is an opportunity. They go together. Transportation, shipping, tourism are a disaster. However people will fly again, London, Paris..they will stay in hotels, drink wine , there’s lots of opportunity too. US stock market is at near all time highs. China is down 40%.  NO to bonds, they are in a bubble. Sugar is down 80%  and Silver is down 60% from their world time highs.  Invest in commodities and agriculture.” Trump or Biden? “ I’m not a betting man but if I was I’d bet on Trump to win the US election. It’s very hard to dislodge a sitting President. Whether Trump or Biden wins it’ll be more spending and more money printing, but with Biden, he says he will raise taxes too.” Australia’s future Jim says “Your politicians are worse than ours. Running up debts and making enemies. The Australian dollar is down a lot for political reasons but you’re building staggering debt. I see problems ahead. My advice is to stop running up debt because you can’t afford it. Stop making enemies in Asia. Get out and start making friends with them. If the idea is that the US will defend Australia then you’ll be surprised. It won’t happen. Also open the borders to get more immigrants. Australia is the same size as the US but with 10% of the population.” Children. Rogers authored a book for his children, “A Gift to my Children: A Father’s Lessons for Life and Investing.” He says his three tips for parents in the 21st Century for their kids are firstly make sure your children can speak a second language. My two daughters were taught Mandarin. Secondly teach them to save and then invest. I gave mine piggy banks, actually 6 piggy banks so that they got in the habit when getting money to save and put their money in piggy banks. Thirdly to learn the value of work. I thought just getting a job at McDonalds for $8 an hour was a start. My 14 year old taught Mandarin and earnt $30 an hour. She complained when she found out adults were getting paid $70 an hour for the same job. Success. Jim Rogers says that “ successful people concentrate, work hard, are diligent, never give up, keep trying but most important it’s all about perseverance. Perseverance.” TO INTERVIEW JIM ROGERS email or call Max Markson 0412 501 601       Max Markson 0412501601 SETH GODIN VIRTUAL MARKETING SUMMIT Wednesday 21st October 2020 Free registration     JIM ROGERS Legendary investor & author INVESTMENT BIKER & ADVENTURE CAPITALIST WEALTH TRANSFER 2021 LIVESTREAM Wednesday 29th October 2020 Free registration   ROBERT G. ALLEN ZERO TO CA$H LIVESTREAM Thursday 29th October 2020 Free registration     ON THE ROAD WITH BILL CLINTON Nelson Mandela, Kim Kardashian, Arnold Schwarzenegger, Tony Blair, Al Gore, Mike Tyson, Pele and more.By Max Markson. Book available now from   Markson Sparks! Suite 411 4th Floor 410 Elizabeth St Surry Hills Sydney NSW AUSTRALIA 2010   E: M: 0412 501 601 Work: +61 2 9213 2900     Robo-advisor acquired by digital advice provider SuperEd Pty Ltd to create the pre-eminent retirement focused financial advice FinTech with in-house asset management capabilities. 2020-10-19T22:53:15Z robo-advisor-clover-com-au-acquired-by-digital-advice-provider-supered-pty-ltd-to-create-the-pre-eminent-retirement-focused-financial-advice-fintech-with-in-house-asset-management-capabilities SuperEd Pty Ltd (“SuperEd”) has acquired the business of automated investment advice and management ‘robo-adviser’ (“Clover”).  SuperEd was founded in 2012 by former Vanguard Australia head Jeremy Duffield and senior banking and technology executive Hugh Morrow, with the vision to deliver affordable pre-retirement advice to more Australians through the use of innovative digital technology. The range of retirement related services provided by SuperEd has expanded over time, to now incorporate Retirement Essentials, a service for Australians seeking guidance in determining qualification for the Age Pension, and assistance with the complex application process through its Centrelink Entitlements Service. Retirement Essentials has helped over 40,000 Australians estimate or access their Age Pension and Commonwealth Seniors Health Card entitlements. Clover was founded in 2015 by former Mercer colleagues Harry Chemay, Sahil Kaura and Darcy Naunton together with Warren Burns, founder of digital agency BurnsRED.  Clover was created to allow a low-cost entry for the many Australians with insufficient wealth or financial resources to seek financial and investment advice. Clover’s offering was developed to cater to the needs of Australians in the 25 – 45 age bracket, a cohort traditionally not well served by the financial planning industry.  Clover’s user-friendly engagement technology, use of low-cost Exchange-Traded Funds and segregated investment ownership model allowed for savings and investment plans at a cost unattainable in Australian wealth management prior to the arrival of robo-advice technology. SuperEd has acquired Clover’s business, including its technology and staff. Clover’s Co-founder & CEO, Sahil Kaura said: “the transaction is a big win for our customers, partners, and the team. Over time, Clover’s customers will be able to take advantage of SuperEd’s range of proprietary retirement planning and digital advice tools.” Speaking about the successful outcome of the merger discussions, SuperEd CEO, Hugh Morrow said: “Clover’s capabilities are an important step forward for us to implement our retirement advice. It fits really well with our existing capabilities and moves us forward in terms of our strategic plans to deliver better retirement outcomes.” Clover’s Co-founder Harry Chemay will not be transitioning as part of the acquisition, electing  to focus his energies on his recent appointment as an Australian Ambassador to the UK-led Transparency Task Force (TTF).  Chemay noted: “Our drive, from Clover’s conception onwards, was always to reduce complexity and opacity in wealth management.  Technology has taken us part of the way there, but there remains much work to be done in the policy and regulatory spheres.  That’s where I’ll be directing my focus as a TTF Ambassador”. Much has occurred since both Clover and SuperEd were established.  The dynamics of the financial advice landscape has shifted significantly in the wake of the Hayne Royal Commission, to the detriment of both the industry and to Australians in need of quality yet affordable financial advice. Given the prevailing regulatory and structural headwinds facing the financial advice industry, it is now more important than ever that innovative methods of providing quality financial advice be available to service the circa nine million Australians who say they have unmet advice needs. Horizon Bank Brings Financial Literacy E-Learning Events to NSW Students 2020-10-19T03:49:37Z horizon-bank-brings-financial-literacy-e-learning-events-to-nsw-students Horizon Bank has partnered with The National Theatre for Children (NTC) to educate students about financial literacy. The livestream educational program is available for grades 1-6 across the Illawarra, Shoalhaven and Far South Coast. While Horizon Bank and NTC have partnered to bring live-in-school theatrical performances into schools for many years, this year during Term 4 the program has been adapted into an all-digital livestream interactive alternative. This will ensure the continued and safe education of students as schools switch to a combination of classroom instruction, distance learning from home and COVIDsafe curriculum. "Given the unpredictability of the current school year, e-learning programs that can be delivered remotely to teachers and students are an important way to reinforce the curriculum and form connections in this time of social distancing," said Horizon Bank CEO, Jon Stanfield. “The livestream event, ‘Showdown at Two Bob Billabong’, allows Horizon Bank to bring vital financial literacy education to schools, students and their families." The Financial Literacy program focuses on what is money, the uses of money, why we should save money and how we can save money. The livestream educational event features a live actor/educator host who introduces the program, sets up and recaps a series of educational theatre episodic videos, and leads a Q&A in which students and teachers submit questions for the host to answer live in real time. The comedic, educational videos feature a variety of characters including Mayor Matilda, Gordon Gumnut, The Great Barry Reef and Ned Jelly, in humorous situations revolving around money. The livestream education events are supplemented by student playbooks (both print and online versions) as well as a full digital curriculum including games, activities and hands-on lessons. Horizon Bank sponsors every aspect of the program, making the livestream event and supplemental curriculum a cost-free curriculum addition to classroom lessons in maths, literacy and the arts. Local schools can sign up to participate in the "Showdown at Two Bob Billabong" livestream events at: About Horizon Bank Horizon Bank’s branch network spans the NSW South Coast. Horizon looks after over 15,000 people in that region and is in its 55th year of operation. It is a customer-owned bank. Anyone can join Horizon. Horizon returns profits back to its customers in the form of competitive rates, fair fees and support in their communities.   About NTC NTC is a premium provider of educational programming with operations in Australia, New Zealand and the USA. NTC works directly between schools and clients to promote beneficial behaviours and life skills to students in grades K-12 on a local, regional and national level. Through formats including live performance, livestream events, in-class discussion, graphic novels, print curriculum, and digital games and activities, NTC presents topics such as energy conservation, safety, financial literacy, STEM, water and environmental stewardship, and health and social responsibility in ways that engage and empower students. DISCONNECT BETWEEN MANAGERS AND EMPLOYEES COULD HINDER GLOBAL ECONOMIC RECOVERY 2020-10-15T03:54:50Z disconnect-between-managers-and-employees-could-hinder-global-economic-recovery Business leaders and employees are aligned when it comes to rating the importance of skills development within an organisation, but poles apart when it comes to the confidence they will achieve it, according to worldwide research commissioned by Cornerstone OnDemand, a global leader in cloud-based learning and human capital management software.   While 90 per cent of business leaders are confident of their ability to develop the skills of their employees, only 60 per cent of employees felt assured of their employer's ability to deliver the right resources to be able to develop those skills.    Similarly, while 87 per cent of senior leaders felt equipped with their company's resources to develop employee skills, only 62 per cent of employees believed the same, with an alarming 26 per cent strongly disagreeing their company had the resources to build employee skills.   The global research "Making Skills of the Future a Reality for all" was undertaken in March and April 2020, just as the effects and reverberations of COVID on the economy were being understood. The research was conducted in two tranches and measured the views of 500 Global business leaders of companies with more than 500 employees, including 145 from the APAC region. It also measured the views of 1,000 employees across the world, including 299 from APAC.   "As the global economy grapples with the fall-out from COVID, the future of businesses, and employees' careers, will be contingent on developing skills of the future," Cornerstone OnDemand's Australian Managing Director Sue Turk.   "Alarmingly, our research found a wide gap between the perceptions of employees and business leaders when it came to a roadmap of priorities to develop the teams of the future. And it comes at a time when we need to work together more than ever towards economic recovery," she continues. The results found that as COVID took hold, almost half of all employees surveyed (47%) were concerned their role will change significantly over the next few years, and nearly a third of respondents (30%) held concern their position would not be required at all in the next few years.    The majority of employers and employees accurately predicted their daily work experience would be altered because of COVID, with 76% of employees ranging from slightly agreeing to strongly agreeing with that statement. Almost all non-HR execs (91%) agreed with the statement, with a similar number of HR execs (88%) concurring.   While COVID itself was not an attributable answer, 21 per cent of employee respondents were concerned their role would become too technical for them to continue, and 20 per cent worried more qualified candidates would fill their role.   The disconnect between employees and employers is even more apparent when it comes to employee fears, that they will be replaced by someone more qualified.    In contrast, 86 per cent of employers believed that assessing the skills of their current workforce was more important to them than confirming their credentials. And 81 per cent of employers felt that skills assessment was more critical than proving work experience.   "It is more important than ever that employers and employees are aligned, especially as working from home could lead to social isolation and further exacerbate feelings of insecurity among employees," says Sue Turk.    "It is imperative that organisations are agile and able to adapt and pivot to develop a skills framework that will carry them through current events and meet their needs for the future. They need to identify the people and skills to carry their business forward and be able to measure success according to their industry priorities."   She continues: "For companies to adapt and survive, they must have the right skills as quickly as the workforce needs to adapt to change or technology accelerates. If not, this skills gap will cause further talent shortages and global uncertainty," she continued.   The survey found the biggest impediments to success for employees in terms of training included time, money, direction and availability of content, with the majority of employees (61%) citing a lack of time to complete training as the most significant barrier to success. That was followed by lack of money to invest in their own skills training (42%), not understanding what they should be learning or how to learn (39%), a lack of available content (38%) and a more than a quarter of employee respondents (26%) not having the confidence their leadership team supports their learning.    All of these issues are further compounded with face-to-face training no longer a viable or economical option for employers.    "While it may seem like an expense to invest in online training solutions, we know it is worth the investment. Gartner research found that on average, larger organisations spend $49m replacing employees who quit due to lack of career development opportunities[1]. In other words, it is more cost-effective to train existing employees where there are skills gaps than to lose them and their valuable company knowledge and experience, to then undertake recruitment and induction training to replace them.    "We know that employees feel valued when employers invest in training, and that satisfied employees are loyal and committed. At a time where we will need to work doubly hard to salvage the economy, training really is a worthwhile investment."   Online or cloud-based training platforms and solutions address the issues of delivering face to face learning remotely, personally and whilst observing social distancing protocols. Online training should deliver ubiquity and hyper-personalisation. In other words, it needs to be all things to all people while providing personal and bespoke skills training.    Sue Turk concluded: "Our research is showing us that it is critical to have teams and aligned and connected if we are to recover.  Investment in up-skilling or re-skilling employees will bring about a faster return on investment and create stronger teams to deliver on business recovery strategies.”   -ends-         About Cornerstone OnDemand: Cornerstone is a premier people development company. We believe people can achieve anything when they have the right development and growth opportunities. We offer organisations the technology, content, expertise and specialised focus to help them realise the potential of their people.    Featuring comprehensive recruiting, personalised learning, modern training content, development-driven performance management and holistic employee data management and insights, Cornerstone’s people development solutions are used by approximately 6,300 clients of all sizes, spanning more than 75 million users across over 180 countries and nearly 50 languages. Learn more at     For further information, a photograph of Sue Turk or to arrange an interview, contact Fiona Hamann on 0415 9191659 or [1] SugarCRM Launches New Cloud-Based Omni-Channel Customer Service to Help Companies Deliver High-Definition CX 2020-10-14T10:31:19Z sugarcrm-launches-new-cloud-based-omni-channel-customer-service-to-help-companies-deliver-high-definition-cx CUPERTINO, Calif. – October 14, 2020 –SugarCRM Inc., the innovator of time-aware CX, today announced the launch of SugarLive, a new integration with Amazon Connect voice, chat and text messaging for omni-channel customer service and support. SugarLive seamlessly embeds Amazon Connect’s advanced, omni-channel contact centre capabilities into Sugar Serve’s intuitive Service Console, empowering teams with powerful tools for routing, tracking, prioritising and solving customer service interactions.   The increase of distributed workforces and reliance on digital channels accelerates the need for fast, simple, easy-to-deploy solutions for customer service teams to provide more omni-channel, self-service and AI-powered automated customer engagement models. SugarLive solves many of these issues by offering embedded omni-channel capabilities inside a complete agent service console. Sugar Serve users need only their Amazon Connect credentials and few simple configurations to add robust omnichannel engagement models to their existing or new Sugar Serve deployments.   “The current global environment underscores the need for seamless omni-channel communications between support professionals and customers,” said Rebecca Wettemann, Principal Analyst, Valoir. “SugarLive and Amazon Connect can offer users a fast path to adding new digital engagement channels with little effort and financial risk, while also quickly building more intelligent orchestration of customer engagements through automated voice and chat toolsets.”   “SugarLive helps deliver on our new vision of high-definition CX for our customers,” said Rich Green, Chief Product Officer and CTO of SugarCRM. “By offering a single, unified view of the customer, from their very first marketing engagement to understanding their service needs, Sugar is replacing a fragmented, out-of-date, and incomplete picture with a sharply focused understanding of both the customer and the business.”   Other enhancements to Serve include case deflection with the integrated Sugar Knowledge Base. Customers are empowered to research and close their own issues through a self-service portal, thus reducing the load on service teams and resolution times.   Also launching as part of the Q4 2020 release is an all new Nurture Builder capability in Sugar Market to optimise prospect engagement and conversion. New features for sales teams include sales automation and duration-based capabilities for Sugar Sell, designed to increase efficiency and help manage and close more sales pipeline for both new and existing customers. Sugar also completed the rollout of new SugarCloud hosting locations on AWS in the UK and Singapore to support customers’ data sovereignty preferences and ensure global performance.   To learn more about all the new features in the Q4 release and unpack the product details, watch the  Sugar Scoop  video. Class Limited launches trust accounting product, Class Trust 2020-10-12T23:00:30Z class-limited-launches-trust-accounting-product-class-trust Today, there are more than 1 million trusts in Australia, including 530,000 investment trusts making them the second largest investment vehicle after super. Leveraging the expertise in SMSF administration, Class Trust brings Class’ market-leading automation and integration capability to this growing space of discretionary (family) and unit trusts.  Class led a customer-centric research approach in the development of the product – including a closed pilot with more than 30 accounting practices – to address the typically complex and time-consuming process of administering different types of trusts. Some of the data and customer feedback from the pilot showed:     ·       Jobs could be processed in 50% of the time  ·       An average saving of 3 hours per trust   ·       In one pilot case, an estimated 17 hours of processing time was saved.    Class Trust enables accountants, financial advisers, and administration professionals to automate significant parts of the trust administration process, making it more efficient for practices to navigate the typically disjointed and error-prone process. Using comprehensive data feeds connected directly to leading financial institutions, and automated tax accounting reconciliation, an accountant can use the full Class product suite across the trust life cycle, from deed establishment and management, through to closing a trust.   Integrated with Class’ market-leading product suite, Class Super and Class Portfolio – and bolstered by the capabilities of recent acquisitions NowInfinity and Smartcorp – Class Trust delivers a genuine trust solution for accounting professionals. Class continues to innovate and invest in the development of its multi-product technology and is focused on remaining the platinum standard of back office automation for the Australian accounting industry.  Class is midway through its three-year Reimagination strategy and is currently in its Accelerate phase. “Class has listened to our customers’ wish to simplify and automate the complexity of trust administration,” Class CEO, Andrew Russell, said. “Class software product expertise is solving customer pain points through complex rule-based coding. The launch of Class Trust is a natural extension of our product suite for our customers. “As we have seen through our in-depth customer research, managing trusts is complex and while we have used the components of the Class engine, our Trust product has been designed and built to address the specific challenges we know exist for professionals that administer trusts. “Our work with customers and partners through our pilot phase, in addition to our strategic acquisitions in the legal documentation space this year, have enabled us to create this dedicated trust accounting solution.” Class research showed that Excel is still one of the primary tools for trust administration, while obtaining information and source documentation as well as reconciling capital gains and income were key pain points. Class Trust solves these pain points. Class’ NowInfinity platform is already the most popular trust documentation provider and its functionality will be available to Class Trust users from within the Class product suite. Class partners with more than 3,500 firms of accountants, advisers, and administrators Australia-wide. Class’ award-winning solutions continue to help drive positive changes across accounting businesses and SMSF administrators by boosting productivity, improving client service levels, sand helping businesses deliver high-impact results. Class Trust is now available. PMM Group announces appointment of Murray Hills as Executive Chairman 2020-10-12T02:37:40Z pmm-group-announces-appointment-of-murray-hills-as-executive-chairman Perth headquartered financial services group PMM Group Pty Ltd (PMM) has announced the appointment of Murray Hills as the organisation’s Executive Chairman effective October 8th.      Murray Hills is acknowledged as a financial services industry stalwart.    He has an exceptional leadership track record, deep strategic expertise, a unique ability to forge long-standing adviser relationships and industry alliances, and proven experience of managing and growing national financial services advisory businesses.   Until recently, Murray had been Chairman (and founder, MD & CEO) of Perth based Sentry Group Pty Ltd.  He stepped down from the role in June on the 15th anniversary of the group.   Prior to Sentry, Murray was MD & CEO of the DKN Financial Group.  He was also an inaugural and past associate member of the FPA and a fellow, life member and past National President of the AFA.      Commenting on his appointment, Murray Hills said he was excited and looking forward to driving PMM’s strategic and growth objectives.    “PMM is about to embark on a new chapter and is positioned positively to seize opportunities in a changing and evolving financial services landscape”.   “I’m delighted to have this opportunity to head PMM at a time of exciting change and disruption in financial services”.   PMM has been operating for ten years and currently comprises four advisory practice subsidiaries.  It is a full service national financial advice business offering comprehensive and integrated solutions to individuals and business clients. The group is acknowledged for working in collaboration with accountants, finance brokers, GI brokers, real estate agents, lawyers and professional consulting businesses to provide comprehensive financial advice and solutions for clients.   PMM is self-licensed through its wholly owned subsidiary, Badge Financial, and has state offices in Perth and Melbourne with plans to open in Sydney in 2021.    “PMM has developed an innovative and unique marketplace offering for SMEs and HNW clients that will resonate with many advisers and clients in the new financial services era”, said Murray Hills.    ENDS   Issued by PMM Group Pty Ltd                    Media Enquiries:    Mr. Joe Perri, Joe Perri & Associates Pty Ltd                               Mob:  +61 412 112 545     Email:     BPAY Group recognised as one of Australia’s most innovative companies for second year running 2020-10-08T20:34:27Z bpay-group-recognised-as-one-of-australia-s-most-innovative-companies-for-second-year-running BPAY Group has been named on the 2020 AFR BOSS Most Innovative Companies List for the second consecutive year. The prestigious annual list, published by The Australian Financial Review and Boss Magazine, is based on a rigorous assessment process managed by Australia’s leading innovation consultancy, Inventium, in conjunction with a panel of industry expert judges. BPAY Group ranked #3 on the Banking, Superannuation and Financial Services list, from over 600 nominated organisations across Australia and New Zealand. The ranking was based on an assessment that measured BPAY Group’s Developer Portal which provides access to BPAY APIs - a top innovation implemented in the past two years.   Specifically, the judges looked at how valuable the problem is that the innovation is solving, the quality and uniqueness of the solution, and the level of impact that the innovation has had.   Inventium also assessed internal elements such as innovation culture, strategy, resources and process, which demonstrate a sustainable and repeatable approach to innovation. The full list can be viewed here.   “For BPAY Group to be named on the 2020 AFR BOSS Most Innovative Companies List for the second year in a row makes me incredibly proud. It proves that we continue to excel at transformational leadership, and that innovation is embedded within the organisation’s DNA,” said John Banfield, BPAY Group CEO.   “Our purpose is to make life simpler and our business strategy has been built to ensure everything we do is focused on that purpose.   “Last year our innovation mindset was exemplified through the success of our Osko payment service, which was ranked the second top innovation in the Banking, Superannuation & Finance category. This year our Developer Portal which provides user friendly access to BPAY APIs, has been our recognised innovation case study. These innovations highlight how we create solutions that support businesses and their customers’ needs.   “Following our top 5 ranking in the Best Place to Work in 2020 awards in July, our two gold awards for our new websites in the W3 Awards on Wednesday, and our Employer of Choice win in The Australian Business Awards 2020 yesterday, we will continue to actively transform BPAY Group by focusing on our clear business strategy that includes an emphasis on strong customer relationships and employee engagement. I’m privileged to lead a company that truly makes a difference,” said Banfield. Watch BPAY Group’s latest video on how the company drives connection with employees while working remotely here.   -ENDS- About BPAY Group BPAY Group is resilient, agile and has successfully adapted to our changing environment over decades. BPAY Group was previously known as Bankcard and Cardlink. Today, our brands include BPAY, Osko® and Sypht. The BPAY brand has led the way as Australians’ favourite way to pay bills, all from the safety of their digital banking. Throughout our evolution, we have focused on continuing innovation from our unique position in Australia’s financial services industry. We’re the brains behind some important Australian firsts – like our flagship BPAY bill payments system; Osko, the faster way to pay and Sypht, the latest way to unlock the value in unstructured data. Our purpose is to ‘make life simpler’. For more information about BPAY Group visit   About the AFR BOSS Most Innovative Companies list The AFR BOSS Most Innovative Companies list (previously the BRW Most Innovative Companies list) is now in its ninth year. The list ranks the most innovative organisations in Australia and New Zealand, by industry, and is the only national list of its kind. The list is judged and compiled by Inventium – Australia’s leading innovation consultancy. Inventium uses a unique, scientifically proven approach to help organisations grow through innovation. In 2020, the list comprised of ten industry lists, compiled from over 600 nominations.   About Inventium Inventium is Australia’s leading behavioural science and innovation consultancy. Since 2007, Inventium has helped over 400,000 people become more innovative and more productive at work. Inventium applies the latest findings from science (psychology and neuroscience) to help organisations unlock growth through innovation. Inventium is the official methodology partners of the AFR Most Innovative Companies list and the AFR Best Places to Work List. Inventium is also a proud BCorporation.   About the ABA Employer of Choice Awards 2020 Now in its fifteenth year, The Australian Business Awards (ABA) is an annual all-encompassing awards program which recognises organisations that demonstrate the core values of business innovation, product innovation, technological achievement and employee engagement via a set of comprehensive award categories. The Australian Business Award for Employer of Choice (EOC) recognises organisations that develop workplaces that maximise the full potential of their workforce through established policies and practices which demonstrate effective employee recruitment, engagement and retention.\ About the W3 Awards The W3 Awards celebrates digital excellence by honouring outstanding Websites, Marketing, Video, Mobile Sites & Apps, Social and Podcasts created by some of the best interactive agencies, designers, and creators worldwide. Simply put, the W3 is the first major web competition to be accessible to the biggest agencies, the smallest firms, and everyone in between. Small firms are as likely to win as Fortune 500 companies and international agencies. More Than 11 Million Australians to pocket up to $2,430 from budget tax cuts 2020-10-07T01:08:50Z more-than-11-million-australians-to-pocket-up-to-2-430-from-budget-tax-cuts To stimulate a struggling Australian economy, the Federal Government announced that Stage 2 of their 3-Stage tax cuts originally penned to commence July 2022 have been brought forward, and backdated, to July 1 this year. This will increase the weekly take home pay packet for roughly 11 million Australians. The tax cut changes will see: ·        An increase in the 19 per cent tax bracket from $37,000 to $45,000, ·        An increase in the 32.5 per cent bracket from $90,000 to $120,000, ·        An increase in the low-income tax offset from $445 to $700. Ashley Debenham, Senior Manager at says “This round of tax cuts essentially means that anyone earning above $37,001 will see a a change to their tax rate and more money in their pocket each week.” How extra money will Australians get from the tax cuts? ·          ·       $21,886 - $45,000: Up to $1080 ·          ·       $45,001 - $90,000: $1080 ·          ·       $90,001 and above: Up to $2,430 The Tax Cuts Will Be Backdated to 01 July The cuts which are anticipated to be in place by the end of October, will be backdated to 01 July 2020. This sees the condensing of a year worth of tax cuts into approximately 8 months. Mr Debenham explains what this means for taxpayers. “A worker with an income of $80,000 won’t just receive an extra $20 per week, they’ll receive about $31 a week as the government “catches up” on payments for the weeks that have already passed since 01 July.” “Then, from 01 July 2021 payments would adjust back to the $20 a week figure.” Come tax time, the introduction of the tax cuts should not have any negative implications on how Australians do their tax return. “All tax cut changes should be implemented by employer’s payroll software, including the low-income tax offset and the low & middle income tax offset. The only changes Australian taxpayers can expect this year is an increase in their take home pay each week” Mr Debenham says. 2021-22 tax changes The low to middle income tax offset (LMITO) was scheduled to end with the introduction of the stage 2 tax cuts however for now the Federal Government has decided to keep the LMITO for the 2020-21 tax year. Come 2021-22 the LMITO will be scratched, meaning only the newly introduced tax cuts will stand. Mr Debenham explains, “Looking forward to 2021-22 it’s important for middle-income earners to understand that with the removal of the LMITO they will actually end up paying more tax in 2021-22 financial year than they will this tax year.” “They shouldn’t be surprised if their 2021-22 tax refund isn’t as high as expected”, he says.   What about stage 3 tax cuts? Stage three tax cuts due in 2024 where the entire 37% tax bracket is removed altogether are not included in this announcement and remain scheduled for the 2024 financial year. See below for tax rate comparison tables: 2020-21 Tax Rates   2019-20 Tax Rates Taxable Income Tax Rate   Taxable Income Tax Rate $0 - $18,200 Nil   $0 - $18,200 Nil $18,201 - $45,000 19%   $18,201 - $37,000 19% $45,001 - $120,000 32.5%   $37,001 - $90,000 32.5% $120,001 - $180,000 37%   $90,001 - $180,000 37% $180,001 and over 45%   $180,001 and over 45%   – Ends – ABOUT ETAX ACCOUNTANTS is Australia’s number one online tax return service. Etax has been specialising in online taxes since 1998 and enables most individuals to complete their tax returns in under 15 minutes. Each tax return is checked by qualified accountants for accuracy and extra deductions prior to lodgment, offering a higher level of support and expertise than at most tax agents plus the time-saving convenience of a 100% online service. Lloyds of London Insurance Syndicate mandates Trusted Sender Score to help mitigate successful cyber security attacks 2020-10-06T02:51:09Z lloyds-of-london-insurance-syndicate-mandates-trusted-sender-score-to-help-mitigate-successful-cyber-security-attacks-1 MELBOURNE, Australia – October 6, 2020 The Lloyds of London syndicate responsible for Worlds leading cyber security insurance product, Data Insurance, has appointed and will mandate Trusted Sender Score as the default email cyber security metric for organizations wishing to purchase their innovative and ground breaking cyber indemnity insurance product. With successful cyber-attacks creating a nightmare for insurance companies, the Lloyds of London syndicate member, Cyber Indemnity Solutions, identified Trusted Sender Score as the most feasible and credible way to help organisations prevent a successful attack. According to industry reports up to 92% of successful cyber security attacks begin with an business email compromise attack An organisation with a Trusted Sender Score of 7 that has completed the self-serve tasks is unlikely to suffer from such an attack. “Partnering with Zulu Labs and mandating their Trusted Sender Score is an important milestone in the cyber security insurance industry. The team at Zulu Labs understand email like no other and their research into protecting domains from being used in a spoof phishing attack, the effect that has on emails users and the resultant effect that a domain reputation is the only research of its kind.” said Cyber Indemnity Solutions CEO Greg Hodkiss. Other members of the Lloyds of London syndicate includes key Global insurance giants Munich Re and American Insurance Group (AIG). The process to purchase the Data Insurance cyber indemnity product is a simple multi-step process. Part of that process is the requirement for a organization to have every internet domain owned by that organisation to be declared and have a Trusted Sender Score or 7 or more. Dropping below a score of 7 creates too many vulnerabilities and therefore the insurance may possible my invalid. The Trusted Sender Score process was been designed so that an internet domain owner, email administrator or someone of similar skills can follow the step by step process be compliant within 30 minutes or less. An interface for insurance assessors and for insurance brokers is an essential part of the service provided by the Trusted Sender Score application which takes snapshots and provides alerts if their domain falls beneath the minimum requirement. “Our fight against business email compromise attacks, SPAM and irresponsible email management is a labour of love. We are most delighted that we have been able to partner with such a progressive organisation such as Cyber Indemnity Solutions and their syndicate members. As I have said in the past, there is no reason for any email user to suffer from an email attack again and this appoint goes a long way to progressing that vision.” said David Barnes, Zulu Labs CEO and Founder. Implemented correctly using Trusted Sender Score, the email domain trust standard, DMARC can and will prevent targeted phishing emails, malicious (spoof) emails and other sinister emails that affects millions of people across the World daily. ENDS Media Enquiries David Barnes Greg Hodgkiss BlackLine Acquires Rimilia to Add AI-Powered Accounts Receivable Automation To Modern Accounting Platform 2020-10-06T00:51:03Z blackline-acquires-rimilia-to-add-ai-powered-accounts-receivable-automation-to-modern-accounting-platform Sydney, 6 October 2020 – BlackLine, Inc. (Nasdaq: BL), a leader in accounting automation software, announced today that it has completed the acquisition of Rimilia, an AI- powered cloud-based platform that enables accounts receivable (AR) automation and digital transformation. With Rimilia, BlackLine strengthens its position with the Office of the Controller by driving end-to-end automation of the cash lifecycle and ensuring greater data integrity. The acquisition expands BlackLine’s capabilities into an adjacent area, adding AR automation to financial close automation and accelerating BlackLine’s larger, long-term plan for transforming and modernising Finance & Accounting. Headquartered in the United Kingdom, Rimilia is a leading provider of accounts receivable automation solutions that enable organisations to control cash flow and cash collection in real time. Using artificial intelligence (AI) and machine learning, the SaaS (Software-as-a-Service) platform simplifies the order-to- cash process by automating both the collection and allocation of customer cash. Same-day cash allocation results in an unrivalled reduction in the number of days of sales outstanding, improves working capital and drives significant cost savings. Built for large and medium-sized enterprises and capable of integrating with nearly all ERP, bank and currency platforms, Rimilia is used by leading companies in major verticals. “With most companies using legacy, repetitive and manual processes to manage their order-to-cash, our customers and partners have long been asking for a solution that will enable better cash and liquidity management. This is especially critical now in these difficult economic times,” said Marc Huffman, president & COO of BlackLine. “This acquisition addresses that need and further expands BlackLine’s position as an indispensable platform for the Office of the Controller. Rimilia has created great value for its customers, and we are thrilled to build on the momentum the company has established to date while entering a new market and expanding our total addressable market opportunity.” The AR market is a natural adjacency to the financial close with a shared buyer and similar pain points. In addition, cash flow optimisation has become increasingly relevant following the onset of the pandemic. “With accounts receivables serving as the single largest asset for most businesses, Rimilia’s ability to unlock working capital and reduce risk is top of mind for today’s controllers and CFOs,” added Mr. Huffman, who will assume the BlackLine CEO title on Jan. 1, 2021. “Rimilia and BlackLine share a vision to drive digital transformation for Finance & Accounting with intelligent automation. BlackLine will provide the scale to further drive adoption of Rimilia’s platform and deliver additional value to our customers,” said Kevin Kimber, CEO of Rimilia. “At the same time, Rimilia meets a need in the Office of the Controller that is highly complementary to BlackLine. Our AR automation platform enables organisations to make faster and more accurate decisions, and I look forward to helping the thousands of BlackLine customers that are already enjoying the benefits of modern accounting.” BlackLine completed the acquisition of Rimilia on Oct. 2, 2020. In accordance with the terms and conditions of the transaction, BlackLine will acquire Rimilia for US $150 million in cash, of which US $120 million was payable at close with additional cash payments of up to US $30 million upon certain earnout conditions being met. BlackLine funded the transaction with existing cash on-hand. There is no material impact to third quarter results. Additional details regarding the anticipated financial impact of the acquisition will be provided in conjunction with BlackLine’s third quarter earnings conference call on Thursday, Oct. 29, 2020. In addition, BlackLine will introduce Rimilia to the broader BlackLine community at the company’s annual user conference BeyondTheBlack™ 202: The modern Accounting Virtual Experience which will take place Tuesday to Thursday, Nov. 17th to 19th. About BlackLine Companies come to BlackLine (Nasdaq: BL) because their traditional manual accounting processes are not sustainable. BlackLine’s cloud-based solutions and market-leading customer service help companies move to modern accounting by unifying their data and processes, automating repetitive work, and driving accountability through visibility. BlackLine provides solutions for financial close management, accounting automation, and intercompany governance, helping large enterprises and midsize companies across all industries do accounting work better, faster, and with more control. More than 3,100 customers trust BlackLine to help them close faster with complete and accurate results. The company is the pioneer and recognised Leader in Gartner’s 2019 Magic Quadrant for Cloud Financial Close Solutions. Based in Los Angeles, BlackLine also has regional headquarters in London, Singapore and Sydney. For more information, please visit: