Press Releases

MyMoney Launches Business Tool To Assist With Business Advisory and Operations

Sydney, Australia – 22 December 2015.

MyMoney Ventures, a start up financial technology company, today announced the launch of iBOP® – Integrated Business Operations Planning tool to assist startups, existing small and medium sized business. The idea was founded by a Secondary School student in Sydney when looking for a simple solution to start up and manage new business ideas. Large numbers of standalone documents and templates exist in various formats, however, a simple online solution with simple easy to use features was difficult to find. With funding support from Global Mutual Funds and mentoring support regarding startups and SME’s requirements from Local Knowledge a CPA Public Practice, MyMoney Ventureswas able to organise the idea and develop a more efficient way of business planning, operations and analysis.

The tool business support tool operates within a cloud based environment, enabling access via multiple access platforms where the business can access and own the information but provide access to their advisers including accountants, consultants, bankers, lawyers, staff, investors and many other potential users. The ability to manage the user plus manage the individual access to various functionality provides flexibility and transparency of the process. Having the ability of users to work on the information of the business within a central location reduces the need to continually email documents about the business and try to successfully merge contributor comments and feedback.

iBOP® provides access to online scheduling of tasks, standardised pitch templates, business and operational planning, customisable analytical scorecard for rating purposes, presentation tools, business forms, financial forecasting and rules based engine. The approach was to address the key functionality many of the functions required to start up a business and operate. The business tools are integrated providing ongoing access from a PC to a tablet. Access to the functionality can be either direct with entity or alternatively advisers may offer the services as part of a complete or partial package of services complimenting existing relationships. An example maybe a public accountant wishing to compliment business advisory services with accounting and taxation.

MyMoney Ventures goal is to develop financial technology solutions alongside young entrepreneurial and innovative individuals that are looking to create the future opportunities. As a developer of the innovative solution called MyMoney® a software solution for self directed investors and refunds of commissions. Encouragement of ideas, enthusiasm for innovation, improving efficiency and the ability to accept criticism as new ideas are introduced and we strive to innovate and invent for both the short and long term.