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FOR RELEASE 1ST
MAY 2009
For more information
contact:
info@villagemall.com.au
VILLAGEMALL®
VillageMall
signs in excess of 100,000 client licences..
VillageMall
becomes Australia's largest on-demand service provider.
Brisbane,
Australia,- May 2009 - VillageMall®, the
pioneer of Australian on-line Solutions,
today announced that a recent contract has taken their
total paid client licences to now over 100 thousand.
This makes us the largest on-demand supplier in Australia, and one
of the largest in the world.
"The
"global economic downturn" has been very good to us, the
significant increase in our client base has been totally due to
our advisors, accountants and dealer groups looking at ways to
save their business. Only last year there were "fat" margins
for all; but these have simply disappeared. Our clients are left
with the hard choice of reducing costs via staff losses, or
significantly reducing their operational costs. Our on-demand SMSF,
Personal Investor, Individual Managed Account (IMA) and SMA1'
administration
platform is the the result of working with advisors, accountants,
investment professionals
and auditors"
said VillageMall CEO Charles Moore.
"It has taken 10 years of R&D, and operational experience to
achieve what is a unique Australian on-demand financial services,
and regulatory platform."
"Our
mantra, has always been Technology, plus Specialist knowledge
equals competitive advantage. In partnership with professional
services providers, they can now deliver the world best practice
solutions to the Australian investment market."
"Reaching
100,000 client licences is a major milestone for us, and
demonstrates the maturity of our services, and the almost 10 years
of hard work that has gone into our world best practice services."
Advisors, dealer groups, have access to real-time portfolio, and individual member
positions. The latter is something that no existing advisors
platform can provide, as the portfolio service is traditionally divorced from
the actual SMSF fund operation. When combined with our real-time
investment strategy compliance checking, all parties can for the first
time be assured of a match between the plan and actual investments. Our
many years of experience has shown that most advisors, and
trustees are unable to state that their existing investments are
compliant, as required under the SIS Act.
Administrators, have access to integrated
full range of corporate actions, including share dividends and
DRIP processing; only an
administrator knows what a saving this can be to their bottom line. Our smart-statement processor allows quick
and easy reconciliation of electronic bank and investment
statements. When combined with our SMSF tax return, financial
reporting and ATO registered Electronic Lodgement Service (ELS),
administrators have for the fist time a "total" end to end
solution in a single service, with in a single service fee. No
more of those "extra charges" which have typically been more
than the original desktop software cost.
Auditors,
as the ONLY OECD SAF-T compliant
service in Australia, for the first time supports a fully
electronic audit using our ATO registered Document Management
System, and our SAF-T compliant files. All that is required is
industry standard Microsoft Excel and your audit knowledge.
When
combined with our
Web Office®
Practice Management service, provides a fully integrated
client management, CRM, customer billing service.
We listen to our customers and partners; and as a online service
provider we simply do things a lot faster and more efficiently
than any existing desktop bound business applications, this
milestone demonstrates yet
again our superior business model.
Pricing and Availability
SMSF, and Personal Investor services, are an Enterprise, wholesale service available
only to Industry Professionals.
More
information here.
About
VillageMall
VillageMall
is the
pioneer, in developing secure
next generation
Internet
Applications.
VillageMall
is a privately held company, founded in 1999 and is headquartered in
Brisbane, Australia.
For more information please contact us or visit our company Web site at www.Villagemall.com.au.
Notes: 1 Separately
Managed Account service is provided exclusively via one of our
partners.
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