Friday, December 2, 2022

The biggest software risk is the one you don’t even know you’re taking

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We’ve all seen the long list of big names called out for underpaying workers, from celebrity chefs to the country’s biggest employers  such as Qantas, Coles, Woolworths, NAB, CBA, Super Retail, the AB, and even – allegedly – some of our biggest law firms1. It’s a problem affecting remuneration from hiring to retiring. PwC estimates underpayment affects 13% of the Aussie workforce and Industry Super Australia found bosses failed to pay three million employees, nearly $5bn in employer super contributions in 2018-193.

Cloud application provider Unit4 announces acquisition of Scanmarket

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Unit4, a player in enterprise cloud applications for mid-market people-centric firms, has entered into a definitive agreement to acquire Scanmarket, a global vendor of cloud Source-to-Contract software. With Scanmarket, a privately-held company founded in 1999 and headquartered in Denmark, Unit4 will now be able to provide organisations with a unified Source-to-Pay journey, building on its existing ERP and Procure-to-Pay (P2P) offerings. 

How an Aussie blockchain business became accidental technology leader

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A globally recognised tech training hub on Queensland’s Gold Coast has emerged as a vital link taking blockchain technology to new heights. Producing education curriculums was never on the to-do list for Blockchain Collective co-founders Austin Lewinsmith and Nathan Burns.

EnergyLab and NEX deal to give Aussie climate startups exposure

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The Aussie climate startup ecosystem is receiving a boost following the announcement of a new international partnership between EnergyLab, which is ANZ’s largest climate tech startup accelerator, and New Energy Nexus (NEX), the world’s leading clean energy accelerator.

Normet Group buys Garock Pty Ltd, a supplier of ground support systems

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Normet Group Oy has entered into an agreement to acquire Garock Pty Ltd, a supplier of ground support systems for the mining industries in Australia. With this deal, Normet strengthens its portfolio in ground support in mining and construction infrastructure projects.

Finance industry executives dissect implications of RBA cash rate hike

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Australia’s central bank on raised interest rates for a third straight month as it struggles to contain surging inflation, risking an economic downturn. Wrapping up its July policy meeting, the Reserve Bank of Australia (RBA) lifted its cash rate by 50 basis points to 1.35%, a 125 basis points of hikes since May 2022. Industry leaders offer insights on the central bank's move and how it is to shape the course of business for various industries going forward.

Trading card boom incites the startup culture of niche business ventures

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Collectors, flippers and investors are driving a boom in the Aussie trading card market with data from eBay, revealing a 649% growth in sports trading cards like NBA and a 365% growth in collectible card games including Pokémon in the first three months of 2022. The uplift comes following COVID when sales of collectible card games went up 7,769% YoY in December 2020 thanks to a Pokémon resurgence driven by childhood nostalgia, people spending more time at home cleaning out their cupboards and the cancellation of live sports.

Aussie’s environment needs urgent change, and it’s up to our children

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With the announcement of Australia’s state of the environment report telling a story of crisis and decline in Australia’s environment, considered to be in a poor and deteriorating state, it’s now up to our kids to save the planet. How? A plucky young start up called GenUs have created a platform to engage kids in climate change - via a gamified app, at school and in the home. This is the gamification of sustainability and the democratisation of saving the planet. 

Sidekicker gets $20m from SEEK Investments to further drive growth

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Sidekicker, ANZ's temporary and casual staffing platform that is creating better outcomes for businesses and workers, has secured $20 million in funding from SEEK investments. The funding will be used to accelerate further expansion across Australia and New Zealand (ANZ) as more businesses turn to Sidekicker for staffing support. The funding will also be used toward platform upgrades, providing improved ways for businesses and workers to interact.

Real Estate expert creates a course to educate Australian property buyers

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Scott Aggett, Founder and Principle expert Negotiator of Hello Haus, is about to change the way the way Aussies buy their homes and investment properties. Having been an industry leader for over two decades, Scott has seen the problems facing homebuyers first hand.