The Institute of Public Accountants (IPA) has formed a partnership with software provider IODM, allowing IPA members to tap into the payments and debt collection service.

The Institute of Public Accountants (IPA) has formed a partnership with software provider IODM, allowing IPA members to tap into the payments and debt collection service.

IODM’s managing director, Damian Arena, said the announcement comes as a result of an extensive due diligence process, together with the “maturing development” of their cloud-based solution.

“Our strategy of providing meaningful new revenue streams to accountants and other advisory bodies means that we can position [ourselves] not as a competitor to an accountants’ business, but rather as a partner to help grow their business via a new business advisory service,” he said.

“It makes good business sense for the IPA members and provides access to a valuable distribution source.”

IPA’s chief executive, Andrew Conway, said the “simplicity and scalability” of the software offering in helping to drive revenue streams was a key factor behind the decision to enter a strategic partnership.

“IODM presents an opportunity to continue our drive for innovative products and services for our members,” Conway said.

Currently, IODM lists MYOB, Xero, and Intuit-QBO among its key accounting platform partners, with plans to expand beyond its current operating markets in Australia and New Zealand.

“[Our] resources will be allocated to service IPA members across Australia but… over time, [we] will look to utilise the reach of the IPA membership across the globe,” Arena said.

“Markets of particular interest include the UK, parts of Europe and many Asian markets.”