• Viewed 10,240 times by 3014 users (Last 30 days)
  • print Created with Sketch. Print

Corporate Spotlight

IODM is your leading accounts receivable solution. Built to service the needs of SMEs all the way through to large-scale organisations, it cleverly automates a wide range of high-volume low-value administrative tasks and improves cashflow. The result is more time and control in your hands.
View the full Corporate Spotlight arrow Created with Sketch.

ORGANISATIONAL AND BOARD UPDATE

arrow-down-2 Created with Sketch.

Organisational and Board Update

ASX Announcement 4 June 2019 


Leading accounts receivable and operational efficiency solution company IODM Limited (ASX: IOD) (“IODM” and “Company”) is pleased to provide an organisational update. 


On the 12th July 2018, IODM announced a Board update that constituted the need for Mark Reilly to move from Executive Chairman to Managing Director. The 2019 financial year has been one of transformation for IODM, the customer base has moved from small business orientated to that of large enterprises, receipts from customers for the 9 months to March 2019 was reported at $294,000 in comparison to a full year to June 2018 of $248,000, the value of invoices powered by the IODM system broke through $350m for the half year at December 2018 and the sales staff was restructured.


Given the platform that has now been built for the financial year 2020 as evidenced above IODM is pleased to announce that Mr Reilly will step down from the board to become Chief Executive Officer (CEO). This allows Mr Reilly to have a pure non-executive board to help guide him and the rest of the operational staff as they look to not only build the sales capabilities in Australia but to look to expand overseas. 


To aid Mr Reilly in this next stage, the board is happy to announce that Mr Peter Claydon has been appointed as a consultant to work with Mr Reilly in facilitating a further push in the sales department both here and overseas. Mr Claydon has a history of working with small companies and assisting their growth from a small footprint in sales to a large one. His most recent company appointment was the Shaver Shop Group where he held numerous positions while the business grew from 16 stores to 100 and ceased when the company floated on the ASX for more than $100m


The Board is also pleased to announce that Mr Anthony Smith has agreed to join the board as NonExecutive Director. Mr Smith has been IODM’s corporate advisor since April 2018. Mr Smith understands IODM’s business, has introduced the company to many of its current stakeholders and has been an important part of the company’s growth since that time.


The Board thanks Mr Reilly for his valuable contribution and welcomes not only his further contributions but Mr Claydon and Mr Smith to the IODM family.


For further information, please contact Mark Reilly on 0418 921 993 or [email protected]


Click here to view the full announcement

REIN IN RECEIVABLES

arrow-down-2 Created with Sketch.

QUARTERLY

arrow-down-2 Created with Sketch.

IODM Limited December Quarter 2018 Report and Update 

ASX Announcement 31 January 2019 


Leading accounts receivable and operational efficiency solution company IODM Limited (ASX: IOD) (“IODM” and “Company”) is pleased to provide a report of its activities for the quarter ending 31 December 2018.


Highlights 

  • Cash receipts for the half were up 40% on previous quarter 
  • The value of invoices for the calendar year 2018 imported in to the IODM system totalled ~$560m versus ~$64m in calendar year 2017, an increase of 771% 
  • The number of invoices for the calendar year 2018 imported in to the IODM system totalled ~175,000 versus ~22,600 in calendar year 2017, an increase of 674% 
  • Execution of letter of understanding for first Collaboration and Strategic partnership, with the Australian subsidiary of an American Financial Services company 
  • Completion of capital raising of $500,000 to fund an IT upgrade and increase in sales force


During the December quarter the Company continued to grow its cash receipts versus both last quarter (up 40%) and the previous corresponding period (up 161%). Likewise, the company measured where the business stood at the end of the calendar year versus the previous year and has reported substantial growth in all the key areas of Invoices by value uploaded (up 771%) and Invoices by number uploaded (up 674%).


The company also signed its first Collaboration and Strategic partnership with the Australian subsidiary of an American Financial services company which has global operations. The partnership will be operational in Australia only. Our partner has already referred several its clients to us which we are in the process of tendering on and expect decisions in the 2nd half of the 2019 year.


The company announced in December that it had completed a share placement to raise $500,000 at 1.5 cents per share. The placement was as a result of an increase in demand for the software over the last quarter and the momentum that the business is encountering.


The Company has increased the Sales division which has already led to an increase in requests for the company to tender for a significant amount of Corporate and Enterprise size accounts, which are expected to convert in the 2nd half of the 2019 year.


For further information, please contact Mark Reilly on 0418 921 993 or [email protected]


Click here to view the full announcement

AGM PRESENTATION

arrow-down-2 Created with Sketch.

ABOUT

arrow-down-2 Created with Sketch.


ASX-listed and a leader in FinTech 


IODM was founded in 2008 in response to the lack of intelligent debt collection systems available in the market. Since its launch, IODM has rapidly evolved into a robust and reputable product, trusted by corporations worldwide. IODM is publicly listed on the Australian Stock Exchange and its headquarters is in Melbourne, Australia.


What we believe in

Simplicity

Behind the scenes, we develop and operate complex programs – but value ease and convenience.

Efficiency

We understand time is money. That’s why we empower you to do more in a short period of time.

Control

We provide greater control over business operations, and in turn positively influence cash flow.

Freedom

With control comes freedom – the freedom to spend time and resources, however you choose.


Further Information


Accounts Receivable Process, Outsourcing Accounts Receivable, Robotic Process Automation, Cash Collection, Business Process Improvement, Invoice Management, Credit Management.


Meet the team

Executives



WWW.IODM.COM.AU

(20min delay)
Last
5.7¢
Change
0.006(11.8%)
Mkt cap ! $29.30M
Open High Low Value Volume
5.3¢ 5.7¢ 5.3¢ $23.62K 422.8K

Buyers (Bids)

No. Vol. Price($)
1 9091 5.5¢
 

Sellers (Offers)

Price($) Vol. No.
6.0¢ 25000 1
View Market Depth
Last update - 16.10pm 27/06/2019 (20 minute delay) ?
IOD (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.