John Orrock

Leading cloud-based documentation platform NowInfinity has completed a proactive restructure, in a move which will expand both its executive management and business operations and ready the company for FinTech growth.

CEO Amreeta Abbott says the restructure includes a partnership with Future Now Ventures headed up by John Orrock, co-founder of Cloud Sherpas which recently sold to Accenture, and is an important growth play for NowInfinity.

“We recognised that the business had many broader opportunities and knew that we would need to restructure in order to seize those opportunities,” Ms Abbott says. “The partnership with Future Now Ventures, combined with our current client base, industry partners, leading product suite and balance sheet, enables us to scale and seize the substantial opportunities before us.”

NowInfinity is a cloud based documentation platform solution with features enabling rapid company formation with ASIC, corporate compliance tools and legal document templates. The solution is used by accounting, financial advice and super administration firms to help users with corporate compliance, document management and data integrity.

“I am pleased to have John and his team onboard as we move forward with our growth plans,” Ms Abbott says. “His global experience with enterprise cloud business applications and overall technology expertise is unrivalled.”

Mr Orrock said he is excited to be working with NowInfinity to help the business realise its full growth potential. “We have been on the sidelines with NowInfinity for two years through our technology outsourcing firm. It is a scalable cloud documentation platform business that is ripe for expansion and I’m delighted to be involved in that process.”

The restructure will also see the formal exit of co-founder and director Grant Abbott, who will continue to work via a partnership arrangement with NowInfinity on Self-Managed Super Fund (SMSF) platform activities.

The post NowInfinity readies for fintech growth appeared first on AdviserVoice.

Succession Plus announce an intensive one day planning conference.

Instead of the start of a New Year being an opportunity to implement a carefully considered succession and exit strategy, far too many SME owners (especially the Baby Boomers) will do so without a plan in place as they fail to understand that successful exits begin years in advance in order to derive the best outcome said Craig West, Succession Plus Pty Ltd Founder and CEO, President of the Australian Chapter of Exit Planning Institute (EPI).

Commenting further, Craig West said “Generally speaking business owners are very good in their respective industry or market niche but not particularly proficient at management and certainly not skilled at maximising the value of their venture.  In particular, they struggle to comprehend and appreciate the issues associated with succession and transition and it can also be an emotionally charged subject for them with concerns on many levels that need to be addressed.”

“However, if the business is to be a legacy retained within the family or the funding source for a life in retirement, those issues must be addressed and the appropriate strategy implemented as soon as possible.”

Disturbed by this situation, and to assist business owners to start 2014 on the right foot, Succession Plus has developed a comprehensive program for an intensive one day strategic planning conference to be held in Sydney on February 7, 2014.

The Succession Plus Conference is a free event and attendees will obtain insights on tackling succession planning and how best to effectively commence and approach the process to best meet their individual circumstances.

Conference attendees will participate in a dynamic interactive day of presentations and discussions.  In addition, the program will encourage SME attendees to network with fellow business owners, share experiences and engage with the speakers during the breaks and the networking session at the end of the day.

The program will also address improved business performance and includes a keynote presentation from former Australian Rugby Union Captain and CEO of Centric Wealth, Phil Kearns who has  himself recently managed a successful $100M+ sale.

Leading SMSF expert Grant Abbott principal of NowInfinity and author of The SMSF Strategy Guide will provide an insight into the importance of incorporating robust retirement strategies into business succession and exit goals.

The post The anatomy of a successful business succession and exit appeared first on AdviserVoice.