The document discusses industry challenges facing insolvency practitioners and how technology may help address them. It notes criticism around overcharging and scrutiny, and challenges including unpredictable work, risk of no fees, and ensuring high quality. A poll asks webinar participants to identify top challenges. The document argues technology can help by providing a consolidated document for analysis, easy information sharing and storage to aid collaboration, and a multi-dimensional view of information to better identify risks and opportunities.

2. What Sources Do You Rely On?
Poll:
What sources do
you rely on to get
relevant industry
information?

3. Our Guest Speaker
Steve has been a member of Hall Chadwick
for over 20 years.
As a specialist in corporate insolvency Steve
is a highly regarded practitioner due to his:
• Strong understanding of legal
requirements and processes
• Experience in solving the financial
problems of many businesses in a wide
range of industries
• Ability to see the big picture to give
valuable, considered advice
Steven Gladman
Partner, Hall Chadwick

4. Getting To Know Our Audience
Poll:
How long have you
been involved in
your current
industry?

5. Released in December 2013 this
white paper is based on our
assessment of the current
challenges impacting the insolvency
industry and aims to provide some
pertinent solutions to overcome
these challenges.
www.encompasscorporation.com/reshaping
Reshaping
Insolvency
Our Recent Whitepaper

6. This Webinar
• A brief industry snapshot
• New developments in
2014
• Industry challenges
• How to overcome these
challenges?
• Is technology the answer?

7. Industry Snapshot 2013
Number of corporate insolvencies:
• December 2013 2552
• December 2012 2618
• Fall of 2.5%
Business size:
• SMB with less than $100,000 assets
and less than 20 staff
Number of registered liquidators:
• 681

8. Industry Snapshot
1714, 31%
990, 18%
458, 8%
428, 8%
260, 5%
261, 5%
179, 3%
124, 2%
134, 3%
118, 2%
211, 4%
623, 11%
ASIC Insolvency Statistics by Industry Type
September - December 2013
Other (business &
personal) services
Construction
Accommodation & food
services
Retail trade
Manufacturing
Transport, postal &
warehousing

9. Insolvency Challenges
The industry seems to attract some criticism:
• Perception of client’s being overcharged
• Media and government scrutiny
The above have a significant impact on the
reputation of an insolvency practitioner as well
as the entire firm.

10. Insolvency Challenges
What do you feel are the
biggest challenges faced by
practitioners today?

11. Insolvency Challenges
What critics do not take into account:
• Complexity and unpredictable nature
of the job
• High exposure to personal risk and
liability
• No guarantee of fee generation from
insolvency jobs
• Delivering high quality of work -
consistently
All of the above have a significant impact
on the reputation of an insolvency
practitioner as well as the entire firm.

12. Insolvency Challenges
Poll:
What do you
consider to be the
greatest industry
challenges?

13. Is technology the answer?
• Fast and accurate curation of
information for further analysis where
required
• ‘All encompassing’ document that
consolidates various reports and
allows drilling down
• Easy collaboration and workspace
sharing with a simple ‘copy/paste/
email’ action
• Storage of documents for fast and
easy accesses and reference
throughout the job

14. Overcoming the challenges
• Seeing the full picture to
identify risks and opportunities
at a glance
• Multi-dimensional view of
commercial information
• Timely communications
• Compliance and due diligence
• Speaking in a language that is
easy to understand for
stakeholders at all levels

15. Hall Chadwick Experience
“Using
encompass
has
increased
search
efficiency
and
smoothness”
Dave Kennedy – Intermediate Accountant

16. Hall Chadwick Partner Benefits
“The
Encompass
pla7orm
has
provided
ease
in
incorpora9ng
search
results
into
our
inves9ga9ve
reports
and
improved
efficiency
by
a
‘one
stop
shop’
for
our
search
requirements”.
Steve Gladman, Partner

17. Visualisation Can Help
“With Encompass I was able to
accurately understand the entire
context of the situation. By
seeing the full picture, I
uncovered critical links that I
may have otherwise missed”
Mario Christodoulou - Researcher
ABC Four Corners