Queensland’s Indigenous small businesses are set to receive a digital and financial management edge, with Reckon launching an Indigenous-first cloud accounting solution in a state-wide push to foster and support Aboriginal and Torres Strait Islander start-ups.
Reckon’s Deadly Digits solution is supported by the Queensland Government’s Advance Queensland initiative as part of the Deadly Innovation Strategy, which seeks to deliver jobs and economic wealth for Indigenous people within the state.
What is Deadly Digits all about?
The online accounting software enables Indigenous businesses to access sophisticated tools to help digitise operations, bolster productivity and fuel growth.
Its features include real-time monitoring of day-to-day cash flow, unlimited online invoicing, bank data feeds, payroll and STP reporting for an unlimited number of employees, and employee expense management capabilities.
Deadly Digits also extends beyond the software, with Indigenous-first events, training and customer support included as part of a tailored offerings to these small businesses.
Reckon CEO Sam Allert said “Reckon’s purpose is to create technology that serves our business communities. The launch of Deadly Digits in Queensland is significant because we believe that accessible, affordable and reliable technology is critical to helping small businesses become, and stay successful especially innovative indigenous businesses.”
Allert also noted the additional benefits provided with the solution, including support and training, which goes beyond the software. Part of what makes Deadly Digits unique is its Indigenous-first approach to providing customer service, training and events.
“We are working closely with Advance Queensland to ensure we support Indigenous business leaders in the way they want to be supported when it comes to further growing financial literacy and financial management skills,” said Allert.
“We want Indigenous business leaders to be able to invest more time in growing their companies and spend less time on red tape. This will also allow Indigenous business leaders to spend more time growing and sharing their diversity of cultures, histories and stories through their business.”
How will the indigenous community harness the platform?
Indigenous small business owner Tiare Kelsall said Deadly Digits matched accounting packages like MYOB, and at a fraction of the cost, which is a significant factor to small business.
Ms Kelsall operates an innovative digital business from Cairns with her Nhanda, Yamatji, Whadjek Noongar, Indjibarndi family in Western Australia. A social media strategist and virtual services firm with a soon-to-be launched drone firm for the mining and construction industry.
According to the Australian Securities and Investments Commission, the reasons small businesses fail in Australia is because of poor financial management and poor record keeping.
“There has been a real need for an accounts package tailored for Indigenous small business. Deadly Digits fills the void. It offers a good self-service solution, taking away a lot of the pain of accounts management,” Ms Kelsall said.