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Asia-Pacific news round-up

More news from the Asia-Pacific region…

E-purchasing software upgrade
The legal systems house Swerdlove, which now operates out of Bostonin the US, as well as Brisbane, has released an upgrade to its electronic purchase order system for law firms. Open Purchase 2 is designed to centralize purchase and price control  to provide better procurement management, avoid time consuming manual processes yet still offer distributed approval, requisitioning and ordering. New features include integration with PMS data (including cost center, ledger and client/matter reference codes) and the ability to handle re-orders with reminders, back orders and short shipments.

Commenting on the launch, Swerdlove director Derek Giles said “We're very excited about making OpenPurchase 2 available to the legal and professional services market. Purchasing is an important, yet largely ignored component to effective law firm operations. While some firms have purchasing automation in place, many others follow manual, time consuming processes, while others have struggled trying to use non-legal, enterprise scale systems that are difficult to use and very expensive to purchase and support. OpenPurchase is a simple software application that runs unobtrusively in the background, automates purchasing for the firm, and integrates with existing accounting systems to provide accurate ordering and purchase information.”

Kestrel flies into Australia
UK-based systems house Kestrel Business Solutions has opened an Australian office, with Desiree Koch as the Australasia New Development Director. Kestrel will also be taking part at next month's Aderant Momentum Asia-Pacific conference in Sydney (10 & 11 September). Kestrel is best known in the UK legal IT market as an Aderant partner, with a number of upgrade and implementation projects already completed, including projects at Reynolds Porter Chamberlain and Farrer and Co. Kestrel has also recently re-launched its website

Reckon publishes half-year results
Reckon Limited, the Australian group that owns both APS and Billback, has announced operating revenue of A$43.3
million for the six months ended 30 June, up 39%t on the prior
year, and EBITDA of $12.9 million, before restructuring costs, up 37%. Reckon posted a net profit after tax of $7 million
before restructuring costs, up 25%. The company also reported
earnings per share of 5.2 cents, up 25% on the corresponding
period in 2008.
company continues to show consistency in performance with satisfying
outcomes in all key performance areas,” said Reckon Group CEO Clive
Rabie. “The
Professional Division expanded its market share while maintenance
revenue growth and our acquisition of Billback strengthened also played
a significant role in a strong first half of 2009.”

Reckon’s Professional Division increased
its operating revenue to $17.6 million, up 66% on the same
period a year ago, and EBITDA of $7.0 million, a 51%t rise
before restructuring costs. Contributing to the growth was the January
acquisition of Billback which resulted in revenues of $6.1 million and
an EBITDA of $2.0 million, before restructuring costs. Rabie
said the Professional Division will continue to explore additional
opportunities to increase market share. In addition, it will count on
expanding Reckon’s integrated product offerings to generate increased
maintenance revenue from existing clients. A new joint venture in the
US under the nQueue Billback banner also presents growth opportunities
for the company.