February Edition of 'The Angle'
The earthquakes in Canterbury have had a profound human and economic impact that will continue to be felt for many years. The devastating nature of these events has highlighted the importance of risk management and the consequent organisational preparedness. This is particularly true for Wellington, a city that is built on hills, flood plains and reclaimed land, overlooking a harbour connected to Cook Strait, and dissected by a major active fault line at the intersection of the Indo-Australian and Pacific tectonic plates.
Significantly improved credit reports are on the way with the staged introduction of changes to the information held on individual credit files.
In the first stage, coming into effect on 1 October, credit reporters will be able to hold drivers licence numbers for matching. This will support existing processes to match individual files with incoming data.
New Zealand Post has joined forces with accounting software firm Xero and credit-rating agency Veda to develop an online mail channel for businesses.
NZ Post spokesman John Tulloch said the channel is still a work in progress but the idea was to allow businesses to send and receive mail electronically, send out invoices online and have their accounting software and other systems automatically updated, saving hours of rekeying data.
Risk management is all about being on the 'front-foot' and it must reach across your entire operation. By Kevin Kevany.
You are the owner/manager or a long-serving employee of a reasonably successful small business. It's Thursday morning and the week is nearly done; but Friday usually is a little crazy. Ah, well. You park your car and walk round the corner to find your premises cordoned off with emergency tape.
Consumers are back buying on credit but post the Global Financial Crisis they are choosey about the type of credit they are prepared to take on.
Latest statistics from credit bureau Veda shows consumer activity in the credit market continuing to strengthen after several years of decline.
Veda Managing Director John Roberts says the statistics reinforce economy wide indications that the country has reached the base of the credit demand cycle and is now trending incrementally upwards.
Consumers are back buying on credit but are cautious following the global financial crisis.
Latest statistics from credit bureau Veda shows consumer activity in the credit market continues to strengthen after several years of decline.
Veda Managing Director John Roberts says the statistics reinforce indications that the country's reached the base of the credit demand cycle and is now trending upwards.
Paul Reid, the man charged with bringing New Zealand Post into the digital era, has done away with his desk and reclines in a black leather lazyboy, laptop at the ready.
He says it's for comfort reasons more than anything else but it seems a fitting, new-age set up for the general manager of innovation and technology.
The exodus to email for personal and business communications means postage volumes - and NZ Post's profits - are plummeting.