IP1 chart, page-995

Who was Comply Paths clearing house pre IP1 merger? One or many clearing house companies including ClickSuper? It’s stated they did not have a clearing house business yet they offered clearing house services I believe.

I think I understand what Jocko is stating now after hearing the webinar, re-reading the preso and reading Jocko’s post this morning.

No need for a Westpac deal at all!

It appears to me management needed IP1 for the Payrolls business to be able to align with Super funds gaining the benefit of the clearing house as well in the midst of it all.

If the bond platform is indeed the duck’s guts, as claimed, it will be 'come one come all' from both sides of Payrolls and Super funds businesses as there must be so many crossovers in Payrolls, Clearing Houses and Super Funds that makes the whole transaction and data messaging transfer tasks extremely messy and time consuming.

I can now understand better the importance to simplify this dogs breakfast of fractured transactions and important regular data transfers with one offering.

One platform for Compliance moments, Clearing House moments, Payroll moments, Superfund moments and of course ATO moments, if that’s the right terminology.

I did hear Trent say something about disruption to the industry yesterday but if they can pull off what I think they are claiming, IP1 will be the disruptor with the One Platform.

I now think it’s possible because they already have 2.8 million users of a potential 13 million! That’s not a bad figure at all in these early stages and don’t forget they have the backing of majors already including 4 Super Funds and 1 of the big four accounting firms. Oh, and 28 Payroll companies with 70k employers on the books. Not to be sneezed at!

ALL IMHO