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Investor Insight
IODM is well-positioned in the growing fintech space to meet rising demand for accounts receivable automation, with recent North American expansion underscoring its global scalability and recurring revenue potential.
Overview
IODM (ASX:IOD) is a cloud-based working capital management software solution designed to automate and streamline the accounts receivable function for universities, commercial companies and other enterprises. This platform facilitates the collection of payments, enhances client communication, and reduces manual workload. By integrating with existing accounting systems, IODM improves cash flow management and optimizes working capital.
A key strength is IODM’s capability to manage complex billing cycles, especially for international payments. As of 2024, the platform is used by ten UK universities, and IODM is actively expanding into North America, Asia, and Europe.
In April 2025, IODM signed a revenue share agreement with leading North American payment provider Convera, targeting the large and growing international student population in the US and Canada. This partnership significantly enhances IODM’s reach in the education sector, particularly with universities seeking more efficient cross-border payment solutions.
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