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The IPA has announced the formation of a strategic partnership regarding the distribution of the IODM service to its members.
IODM, a cloud-based software solution, automates the end-to-end life cycle of the accounts receivable management function of a business.
“The partnership with the IPA has been a result of an extensive due diligence process and maturing development of the IODM product. We are extremely excited to be working with the IPA and look forward to working with IPA members across Australia,” said IODM managing director, Damian Arena.
“Our strategy of providing meaningful new revenue streams to accountants and other advisory bodies means that we can position IODM not as a competitor to an accountant's business, but rather as a partner to help grow their business via a new business advisory service.
“It makes good business sense for the IPA members and provides access to a valuable distribution source for the IPA.
“Resources from IODM will be allocated to service IPA members across Australia but it is important to note that, over time, IODM will look to utilise the reach of the IPA membership across the globe. Markets of particular interest include the U.K, parts of Europe and many Asian markets,” said Mr Arena.
“IODM presents an opportunity to continue our drive for innovative products and services for our members. The IODM simplicity and scalability to drive new revenue streams for our members was of particular interest,” said IPA chief executive officer, Andrew Conway.