1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. Iress Limited
  6. News
  7. Summary
    IRE   AU000000IRE2

IRESS LIMITED

(IRE)
  Report
Delayed Quote. Delayed Australian Stock Exchange - 05/19 02:10:55 am
10.32 AUD   -2.37%
05/04TRANSCRIPT : Iress Limited - Shareholder/Analyst Call
CI
04/25IRESS : Five ways client engagement can boost your business
PU
04/20IRESS : Update - Notification of buy-back - IRE
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Iress : I know a great shortcut...

12/08/2021 | 05:32am EDT

There are two barriers stopping this happening. The first obstacle is easy, it is to overcome the negative connotation of the word shortcut and look to use them more often. We all use shortcuts everyday, from direct debits to pay our bills, to search engines, the apps on our smartphones and even the acronyms I used in the previous paragraph. Shortcuts are about embracing patterns and processes that can be repeated easily to save you time, or reusing someone else's learned experience to make sure you don't repeat the same mistakes or can progress through the basics quicker, they are one of the foundations of efficiency.

The second obstacle is much more difficult, because it involves getting out of our own way! In 1990 Harvard Business Review magazine published an article (which I found via a shortcut, thanks Google) titled 'Reengineering work: Don't automate, Obliterate' in which it suggested that established firms were leaving existing processes intact and simply using computers to speed them up. 30 years later and this approach is still evident through the phrase 'this is the way we've always done it' and through observation of some wealth management firms who are still struggling to make material efficiency gains even after the adoption of new technologies. After three decades of technology making old ways of working faster it's time to change, obliterate the obstacles and shortcut to the future of wealth management.

Thinking, making, doing

I dipped back into the podcast with Du Sautoy for inspiration on which activities would benefit most from shortcuts and was delighted by a reference to Aristotle and in particular two of the three basic activities of man: Poiesis and Praxis. Poiesis being the performance of tasks that you need to perform - that are a means to an end, and Praxis the performance of tasks that allow one to display excellence. Bringing the third of Aristotle's basic activities into consideration allowed me to draw a parallel with the core activities in wealth management.

The third basic activity of man is Theoria, the act of learning, research and theory. We might translate this to 'problem solving' which is undoubtedly considered a mainstay for wealth management professionals such as analysts, advisers, investment managers and other technical specialists. Poiesis would naturally cover activities such as administration, paperwork, reporting and implementation with Praxis being the opportunity to articulate the value of work done, be that a research note for internal teams, a portfolio's performance or a financial plan.

Disclaimer

IRESS Limited published this content on 07 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 December 2021 10:31:01 UTC.


© Publicnow 2021
All news about IRESS LIMITED
05/04TRANSCRIPT : Iress Limited - Shareholder/Analyst Call
CI
04/25IRESS : Five ways client engagement can boost your business
PU
04/20IRESS : Update - Notification of buy-back - IRE
PU
04/19Australian shares rise on tech and healthcare boost; Ramsay soars on $14.8 bln bid
RE
04/18IRESS : Update - Notification of buy-back - IRE
PU
04/12Australian Shares Fall on Prospects of More Aggressive US Fed Rate Hikes
MT
04/12IRESS : Successfully transitioning to an operating model underpinned by technology
PU
04/11Iress Nixes Planned Divestment of UK Mortgage Business
MT
04/10IRESS : Update - Notification of buy-back - IRE
PU
04/07IRESS : Making sense of ESG investment options
PU
More news
Financials
Sales 2022 629 M 444 M 444 M
Net income 2022 65,9 M 46,5 M 46,5 M
Net Debt 2022 273 M 193 M 193 M
P/E ratio 2022 29,7x
Yield 2022 4,52%
Capitalization 1 922 M 1 344 M 1 357 M
EV / Sales 2022 3,49x
EV / Sales 2023 3,27x
Nbr of Employees 2 224
Free-Float 91,7%
Chart IRESS LIMITED
Duration : Period :
Iress Limited Technical Analysis Chart | IRE | AU000000IRE2 | MarketScreener
Technical analysis trends IRESS LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 7
Last Close Price 10,32 AUD
Average target price 12,22 AUD
Spread / Average Target 18,4%
EPS Revisions
Managers and Directors
Andrew Leslie Walsh Chief Executive Officer, MD & Executive Director
John Harris Chief Financial Officer
Roger Sharp Chairman
Andrew Todd Chief Technology Officer
John Alexander Duncan Cameron Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
IRESS LIMITED-15.44%1 377
INTUIT INC.-45.07%99 920
FIDELITY NATIONAL INFORMATION SERVICES, INC.-11.38%59 076
ADYEN N.V.-38.82%45 962
WORLDLINE-26.69%10 579
KAKAO PAY CORP.-49.51%9 251