The directors of Intiger Group Limited (IAM) (Intiger or the Company) are pleased to announce the launch of Intiger Accounting and Taxation Services (ATS), developed in response to client demand. Intiger ATS will provide an immediate administration processing solution to Accountants and Taxation Agents Australia-wide. ATS will significantly improve service efficiency, flexibility and operating margins whilst driving down processing times and the profession’s cost to serve. Intiger’s immediate aggressive move means that the existing fixed production methodology of Accounting and Taxation firms can be switched to Intiger’s cost effective, pay-as-you-go processing engine. As with Financial Planning, the Accounting and Taxation profession has experienced challenges through aggressive regulatory and compliance headwinds for over a decade. With both regulator and consumer demands for increased transparency and accountability continuing to grow, these professions face a time of significant change as prices rapidly decline and costs of delivery increase. Accountants and Financial Planners face the widely recognized reality that perpetual margin pressure demands a move towards processing solutions that eliminate cost, drive flexibility and improve efficiency. Intiger is ideally positioned to service the nationwide market and capture the immediate demand. Operating from the Company’s Cebu office in the northern Philippines, ATS was initiated at the request of clients who, in addition to using Intiger for their financial planning processing, are seeking to gain the same significant efficiencies across their accounting and taxation business units. Intiger has rapidly built the backbone of ATS, employing seven (7) Certified Practicing Accountants & associated production staff to deliver on immediate demand. The Company has seen significant existing client interest for the solution and will look to quickly scale the operation and onboard new clients. Whilst not contributing materially to IAM’s earnings in the current quarter, the Company believes that this represents a potentially robust new revenue stream, further diversifying the Company’s operations into related fields. Intiger Managing Director, Mark Fisher said: “Intiger’s primary focus remains on helping financial planners spend more time with their clients and less time on back office processing. We’ve observed that our operation expertise is exceptionally transferable to related disciplines, services and industries. Intiger’s offshore processing model has gained extraordinary traction and we are excited to see new opportunities, markets & revenue lines being requested from us regularly. As service markets globally face a seemingly never-ending assault on margins as costs rise and revenue lines fall away, Intiger is perfectly positioned to deliver much needed solutions to some of Australia & South East Asia’s largest & oldest professional services industries.”
IAM Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
