Impact Management Group's Secures Patent Protection over Key Cloud-Based Accounting Technologies

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(1888PressRelease) October 07, 2014 - Impact Management Group (Impact) is pleased to announce that it has secured Australian patent protection for key aspects of its software products.

Australian Innovation Patent 2013100837, certified 22 September 2014, provides important protections over Impact Management Group's unique and innovative systems and methods of managing accounting data. Specifically this patent is directed to technologies whereby users can share their cloud hosted accounting records with accountants, who are enabled to submit reports directly to the ATO on behalf of the users. The technology extends to cloud hosting of Auskeys, and provides an arrangement whereby a user may quickly and conveniently share their lodgment permissions with their accountants, hence streamlining the lodgement process for Activity Statements, PAYG, tax returns and other reports.

Nagaraj Veerachettiar, Director of Impact Management Group commented, "This marks an important milestone for GovReports and related products as granted patents further support the technical differentiation of our online lodgement portal service and protect the intellectual property of the company".

Impact Management Group is in the process of securing various additional patents, and expects to make further announcements in due course.

"Currently we have more than 4 tax related applications which has been well received in the market. As our next accomplishment, we are on track to consolidate and release the intended and complete tax platform with advanced automated features. Definitely this is an exciting time for Impact Management Group" he added.

Impact has been Australia's leading XBRL and Standard Business Reporting (SBR) product and solutions provider since 2010. We focus on various research and development to achieve coherence and economies of scale.

The company's SBR lodgement capability is a unique technology in the marketplace which focuses on maximising the effectiveness of the resources. Most importantly, it saves time and money, and best of all provides flexibility to access the submitted reporting data from any device, anytime, and anywhere.

The company's aim is to provide a reliable and easy to use cloud-based tax and compliance reporting solutions for accountants, tax practitioners, businesses of all sizes and individual tax payers. Our ability to provide seamless reporting solutions is just around the corner and it's only going to make business life easier for number of Accountants, Tax practitioners, SMEs and even the corporates.

For more information regarding Impact Management Group Pty Ltd or its product, GovReports, please contact Tiana Tran on 02 8677 9669 or visit the website at GovReports.

GovReports is dedicated to provide government reporting lodgment solutions for businesses and or accounting professionals. As the only vendor today offering Standard Business Reporting (SBR) using cloud technology, delivering a reliable, faster and cheaper way of reports lodgment.

For media enquiries please contact:

Tiana Tran
GovReports
1300 65 25 90
tiana ( @ ) govreports dot com.au.

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