Here at Corporate Backup, people often say to us: “You’re the wholesaler. What do you see happening in the industry that we don’t?”
The answer is “lots”.
Through our many partnerships, we hear a lot of information through the grapevine, especially from those who are leaders in their industries.
Recently, we were speaking to someone heavily involved in the world of finance, accounting and bookkeeping. She shared with us some information
that will have financial businesses scrambling for a cloud backup service in the next 6-12 months.
Parliament recently passed some legislation that removes the onus of responsibility for financial record keeping and statement submission from the client,
and gives it to bookkeepers and accountants. What this means, is that in order to avoid potential fines from the ATO, accountants and bookkeepers must
provide proof of Due Care in communicating any and all requirements to clients. Saving an email simply isn’t enough.
Using our software, a small number of renegades in IT & Finance are sharing financial records and documents via secure URL, and our servers are storing all the versions of each and every document. This is paving the way for what could be industry standard practice.
So, how does this apply to you, the IT company? Simple. If you have accountants and bookkeepers as clients, they are going to need this software.
The legislation is in effect as of July 1st, so over the next 6-12 months this is going to go absolutely gangbusters for any and all involved in the technology side of the financial industry.
As with all the information given to you, this leaves you with a choice. You can take action, and secure your piece of the pie, or you can play catch up after everyone else has made their move.