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Posts by Gobbill

Trouble hiring?  Workforce hit by Covid?

January 16th, 2022 Posted by Business Management, Financial Management, Global, Jobs 0 thoughts on “Trouble hiring?  Workforce hit by Covid?”

Having trouble hiring staff?  Covid impacting your workforce?

Gobbill Australia was able to save one of its clients 80 hours (one half-time employee) of administration monthly for a $100 per month online subscription. The client is currently saving $35,000 each year.

Imagine what we could do for you.


“Organizations must act to retain their current employees and to attract people
” McKinsey & Co Dec 2021

Many business owners are struggling to find staff from customer service to administration roles. If this is you, examine activities that you can automate using Gobbill. Attracting and retaining talent is important but who wants to do the work an automation robot is able to.

Gobbill is a secure online system which removes manual steps and automates checking, bookkeeping and payment activities. 


You can save up to 70% of your time in admin and paying bills with a subscription starting at $48 per month.
For one of our clients, they removed 80 hours per month of administration work using Gobbill. This saved the business $35,000 annually in wages not including overhead costs.


Thousands of Australians trust Gobbill to automate their admin and manage millions in payments each year. Established in 2015, Gobbill is owned, built and operated in Australia for small business owners. There are no offshore development or processing services involved.

Visit gobbill.com to sign up today or learn more.

Contact gobbill@gobbill.com.au if you need a consultant to review where you can save time.

References:
https://www.theguardian.com/australia-news/2021/oct/24/australias-workforce-shortage-never-a-better-time-to-be-applying-for-a-job-experts-say
https://www.mckinsey.com/business-functions/people-and-organizational-performance/our-insights/the-organization-blog/the-great-attrition-facing-the-labor-shortage-conundrum

The Dangers of Direct Debit

January 4th, 2022 Posted by Business Management, Financial Management, Time Management 0 thoughts on “The Dangers of Direct Debit”

Direct debit can be a great way to organise your finances, but what are the risks? Make sure that you understand the pros and cons of direct debit before making a commitment to payments that may have hidden strings attached. 

Don’set and forget 

Keep yourself informed of the direct debits associated with your bank account. Signing up for a trial can seem like a great way to access a free product, but if a biller only accepts direct debit ensure to cancel your subscription before the trial period has ended. Alternatively, if you are a customer who prefers the convenience of a ‘rolling’ policy (a policy that is automatically extended each year), review these payments regularly to confirm that you still require the services. Customers are often hit with charges for products they no longer use without notification from their provider. 

Giving control to a third party can be risky 

As direct debit payments allocate billing control to the biller and give your bank account details to a third party, it is vital that your service provider is a trustworthy organisation. Customers are not required to provide approval for payment, even if a bill is out of line with prior spending.   

Monitor your bill payments 

Using direct debits as a method of bill payment does not mean that customers can avoid monitoring bill amounts. To remove the potential of being overcharged, it is important to be vigilant about what is taken from your account. Monitor withdrawals from your biller and ensure that bill amounts are in line with your spending habits.  

Cancelling can be a process 

Depending on the biller and direct debit system, cancelling a direct debit can be a difficult process. When your direct debit is set up, ensure that you retain authority to end the debit unilaterally. Many banks are unwilling to stop direct debit at a customers request, meaning that a business may take several or more months of payments before the process is stopped. To cancel, customers will often be required to write a letter to the bank and merchant to stop the debits. Before setting up a direct debit read the Terms and Conditions and educate yourself on how to cancel in case you no longer require the service or product. Or alternatively, set up an alternative way to pay. 

Paying bills with a credit card has benefits 

Direct debit payments do not give users the opportunity to access rewards. For those looking to maximise their bill payment benefits, pay bills on a credit card where possible to gain cash and travel rewards. If your biller charges an inconvenience fee for credit card payments, this is the circumstance to look into a debit card or direct debit option. For billers that do not charge extra for the use of a credit card, do the research on what card will be most useful for which bill – do you want to use a card to increase points? Money flow? Choose what credit card gives you the best benefits for your preferences and go.  

Careful of the extra fees 

Utilising direct debit as a payment service can reduce the possibility of being charged late fees and get you pay-on-time discounts. However, if your bank account does not contain enough funds to cover the bill total, you may get charged a fee by both the financial institution and the biller. To manage this issue, it is important for users to either link direct debits to their primary bank account or set reminders to transfer funds before bill due dates.  

An alternative bill payment service like Gobbill can assist in avoiding the potential shortfalls associated with direct debit payments. The new online service issues payment reminders before a bill due date, gives users increased flexibility to pay bills using a credit or debit card, allows users to maintain control over bill payments and automates the bill payment process.

Contact Gobbill to find out more or Sign UP today for FREE

Why Australians generally had a prosperous year. What does 2022 look like?

December 24th, 2021 Posted by Australia, Financial Management, Property, Startup 0 thoughts on “Why Australians generally had a prosperous year. What does 2022 look like?”

The Age 24 Dec 2021 reports that Australians have experienced a number of remarkable economic achievements in 2021.

We were much better off generally as a result of the following factors despite the impact of Covid-19 lockdowns, travel restrictions and protests.

Those factors include:

  1. Australian household wealth rose by 20% over the past 12 months due to rising stock markets, superannuation portfolios and property boom.
  2. Australians are more likely to be in a job today than at any other time in our history. Unemployment fell to 4.3% in November, which is the lowest rate since the mining boom in 2008.
  3. Australian farmers had their best year in decades.
  4. Entrepreneurship is at record highs. New business registrations increased by 30% above pre-pandemic levels.
  5. Wages growth is starting to trend up with RBA forecasting 3% over the next two years.

So what does the new year 2022 look like for us?

The RBA and most major economic indicators are pointing towards strong economic growth which is expected to hit its fastest rate in 25 years with an average growth for the calendar year of 5 per cent.

Whether you are buying more shares, a property and perhaps starting a business.

Have a great prosperous New Year 2022 from all of us at Gobbill!

One in four Australian homes now worth more than $1m with house prices tipped to fall in 2023 by CBA and ANZ banks.

November 23rd, 2021 Posted by Lifestyle, Property 0 thoughts on “One in four Australian homes now worth more than $1m with house prices tipped to fall in 2023 by CBA and ANZ banks.”

ANZ senior economists Felicity Emmett and Adelaide Timbrell now expect capital city prices to rise 6 per cent in 2022 and then fall 4 per cent in 2023, due to rising fixed mortgage rates, more supply on the market and buyers unable to afford more increases.

CBA says that Australia’s “red hot” property market has started to cool, with prices to peak next year and sink 10% in 2023 as higher borrowing costs and “natural fatigue” set in, the nation’s largest mortgage lender predicts.

Read more The Age

Read more The Guardian

Chartered Accountants CA-ANZ presents Emerging Technology session with Gobbill

October 11th, 2021 Posted by Uncategorized 0 thoughts on “Chartered Accountants CA-ANZ presents Emerging Technology session with Gobbill”

Join Gobbill’s CEO Shendon Ewans as he presents Gobbill at CA Catalyst’s Emerging Technology pitch night series.

CA Catalyst sources leading edge technologies from their ecosystem of strategic fintech hub partners that could transform your business.  

You will hear from the entrepreneurs behind the emerging technology and get a first hand experience of a virtual Shark Tank-style pitch event. 

If you’re keen to find out what startups are new in the innovation ecosystem and ask them questions about their journey, then this is for you. So, sit back, relax and watch these fantastic founders put it all on the table. 

Live Webinar | Thursday, 14 October 

2:00pm – 3:00pm | Perth, Hong Kong, Malaysia, Singapore
3:30 – 4:30pm | Darwin
4:30 – 5:30pm | Adelaide
4:00pm – 5:00pm | Brisbane
5:00pm – 6:00pm | Sydney, Canberra, Melbourne, Hobart
7:00 – 8:00pm | New Zealand

Register here

Small businesses in downward trend until possibly Christmas.

September 17th, 2021 Posted by Australia, Business Management, Gobbill News 0 thoughts on “Small businesses in downward trend until possibly Christmas.”

Sep 19, 2021 

Small businesses make up 96% of the 2.4m businesses actively trading in the Australian economy. These businesses have less than 20 staff, employ 44% of the workforce and generates 35% in GDP. Small Businesses are the backbone of the Australian economy. 

The financial year 2021 saw an increased number of new businesses by 3.8% in terms of net growth (source: ABS Aug 2021). This is great news especially in certain growth sectors such as ‘Construction’, ‘Professional, Scientific and Technical services’, and ‘Health Care and Social Assistance’.  

However, since the NSW and VIC extended lockdowns, recent data from Xero and Gobbill is showing a slowdown in the ‘time to payment’ between Jun to Aug 2021. Small business income has also dropped by 12.5%, payment defaults have risen in last month for the first time since May 2020, while bank loan deferrals increased six-fold according to CreditorWatch. 

Gobbill is a secure bill payment automation company for Australian small businesses. During these uncertain times, the company has found its clients are more in control of their payments using Gobbill instead of bills being automatically debited (direct debited). It’s a nasty surprise if you are not expecting the amount or timing of a debit against your bank account. Small business owners can deferred bill payments using Gobbill with a few clicks. Checkout https://gobbill.com for more details.

There are winners and losers from this pandemic but the lockdowns only exacerbate the divide between those that have to close their businesses and those that can still trade. 

The outlook leading up to this Christmas is bleak for small businesses that cannot or have restricted trading imposed on them.

 

Saving hundred$$$ in bills. Covid has changed things.

August 31st, 2021 Posted by Uncategorized 0 thoughts on “Saving hundred$$$ in bills. Covid has changed things.”

Want to save hundreds of dollars each year on everyday bills?

If you haven’t compared how much you are paying for bills such as electricity or insurance for a few years, it is time to start saving some money.

Gobbill’s CEO, Shendon Ewans says that Covid has changed many factors which means you could be saving more money on certain deals. He recently went on an independent energy comparison website and saved $680 per annum on his energy bill.

Compare and switch providers by using independent comparison websites.

Example for energy:

Victoria https://compare.energy.vic.gov.au/ In Vic, there is an additional $250 bonus for Pensioner Concession Card holders and some Health Care Card holders (including JobSeeker, Youth Allowance, Austudy and Abstudy recipients) – limited time.

Australia excluding VIC https://www.energymadeeasy.gov.au/

Start saving now.

You can use Gobbill to track and pay all your household bills. Sign up for FREE at https://gobbill.com

Scammers strike record $851m with Victorians losing the most on Covid scams. Health/medical scams up 20x.

June 7th, 2021 Posted by Alerts, Fraud Prevention, Internet Safety, Staysmartonline 0 thoughts on “Scammers strike record $851m with Victorians losing the most on Covid scams. Health/medical scams up 20x.”

Australians lost over $851 million to scams in 2020, a record amount, as scammers took advantage of the pandemic to con unsuspecting people, according to the ACCC’s latest Targeting Scams report released today.

“Unfortunately scammers continue to become more sophisticated and last year used the COVID-19 pandemic to scam and take advantage of people from all walks of life during this crisis.” stated ACCC Deputy Chair. “Victoria, which was significantly impacted by the second wave of the virus, recorded the highest losses nationwide for the first time and Victorians reported $49 million in losses to Scamwatch, more than double those in 2019.”

Health and medical scams increased more than 20 fold compared to 2019, accounting for over $3.9 million in losses.

Phishing activity also thrived during the pandemic, especially through government impersonation scams. There were over 44,000 reports of phishing scams, representing a 75 per cent increase.  

Gobbill continues to protect small businesses and households from scams and fraud throughout Covid. Join Gobbill today to have the confidence that you have cyber protection from fraudsters.

Source ACCC June 2021 https://www.scamwatch.gov.au/news-alerts/scammers-capitalise-on-pandemic-as-australians-lose-record-851-million-to-scams

Tesla car buyer scammed $75K with another buyer losing $60K.

April 21st, 2021 Posted by Uncategorized 0 thoughts on “Tesla car buyer scammed $75K with another buyer losing $60K.”

Andrea Hammond wanted to buy a Tesla 3 electric vehicle for good reasons but hackers intercepted Tesla’s company invoices and changed the bank details. Andrea together with another Tesla customer have collectively lost more than $130,000 after receiving fraudulent Tesla invoices. It is not clear at what point in the chain the emails with payment details were hacked.

Both customers are calling for Tesla to offer more secure payment options and for banks to improve checks on transactions.

Gobbill CEO Shendon Ewans said “Payment redirection fraud has been growing exponentially with more victims like Andrea being hit by scammers.” Mr. Ewans and co-founder Quentin Marsh started Gobbill as secure bill payments for family and friends which has grown to become a scale-up company over 5 years. Gobbill which is an Australian FinTech / Cyber Security company which has invested millions in research and development to protect business owners and individuals from scams and fraud.

Find out more about how Gobbill can protect you from payment fraud. https://gobbill.com

Source and photo from ABC News. Read more about the Tesla scam at ABC News

Aussie businesses stung by fraud with average losses already 5 times higher in 2021 than last year.

March 30th, 2021 Posted by Uncategorized 0 thoughts on “Aussie businesses stung by fraud with average losses already 5 times higher in 2021 than last year.”

The Australian Competition and Consumer Commission (ACCC) Scamwatch program, which Gobbill is a partner of, has reported $14m in payment redirection scams for last year. It’s no surprise to us at Gobbill as we have seen the rise of a broad range of scams and fraud impacting businesses and households since 2015.

What is surprising is the average loss in 2021 so far is 5 times higher than last year. That is astounding.
An example is $16,500 lost in one transaction for a business. Some have reported to be over $100,000.

Using Gobbill to automate invoice entry, fraud checking and secure payments, you can mitigate this risk and help to comply with your cyber insurance policy (if you have one).

Find out more https://gobbill.com

Source: ACCC 20 March 2021

Payment redirection scams cost Australian businesses $14 million
Australian businesses reported over $14 million in losses to Scamwatch due to payment redirection scams last year, and average losses so far in 2021 are more than five times higher compared to average losses in the same period last year.

Total losses are much higher as these scams are reported to a range of different organisations.

In a payment redirection scam, also known as business email compromise scams, scammers impersonate a business or its employees via email and request that money, which usually is owed to the legitimate business, is sent to a fraudulent account.

“Payment redirection scams impact businesses across many industries, including real estate, construction, law, recruitment, and universities,” ACCC Deputy Chair Delia Rickard said.

“Scammers tend to target new or junior employees, or even volunteers, as they are less likely to be familiar with their employer’s finance processes or the types of requests to expect from their supervisors.”

“We recommend organisations ensure their staff are well trained in the company’s payment processes and remain aware of payment redirection scams,” Ms Rickard said.

Payment redirection scams can take several different forms. In some instances, scammers hack into a legitimate email account and pose as the business, by intercepting legitimate invoices and amending the bank details before releasing emails to the intended recipients.

In one instance, a victim lost $16,500 in a single transaction after a scammer used a staff member’s email address to send an invoice to a customer with ‘updated bank details’, redirecting the payment to the scammer’s personal bank account.

Other times, payment redirection is done by spoofing, when scammers impersonate CEOs or other senior managers using a registered email address that is very similar to that of the genuine email address. The scammer will then request that staff transfer funds to them or make a payment to a third party on behalf of the business.

Scamwatch has also received reports of scammers posing as staff members, where they request the employee’s salary be paid into the scammer’s bank account.

“An increasing number of reports are coming from sports and community clubs which reported more than $55,000 in losses to payment redirection scams last year. It is likely we will see similar figures this year, with $18,000 already reported lost so far in 2021,” Ms Rickard said.

Scammers posed as the president or treasurer and requested staff to action payments for ‘equipment’ or other business needs, but the money went straight into the scammer’s bank account.

Other businesses or individuals have also inadvertently paid a scammer as a result of a payment redirection scam.

“It can be difficult to recover money lost to a payment redirection scam, so prevention is really important,” Ms Rickard said.

“Don’t deviate from your organisation’s payment procedure, even if the request you have received appears to come from your CEO or a senior manager.”

“If you have received a request that creates a sense of urgency, don’t rush. Take the time to consider and check whether an email is real, including by looking carefully at the sender’s email address, before acting on instructions,” Ms Rickard said.

“Whenever there is a request to change payment details, always check with the organisation using stored contact details, rather than those in the requesting communication. ”

If you have been the victim of a scam, contact your bank as soon as possible and contact the platform on which you were scammed to inform them of the circumstances.

To report a cyber crime visit the business reporting page at cyber.gov.au.