Comparison of Nudge Accounting and Nexia ANZ for Finance Accounting Services
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This report provides an overview and comparison of Nudge Accounting and Nexia ANZ, two finance accounting services in Australia, on various attributes. The report concludes with a discussion on the laggings and areas for progress.
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Running head: FINANCE ACCOUNTING SERVICES FINANCE ACCOUNTING SERVICES Name of the Student Name of the University Author Note
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1FINANCE ACCOUNTING SERVICES Executive Summary This report mainly provides the overview of the companies and comparing them on different attributes of comparison. The companies are compared against each other and shows which company is better and why. The report concludeswith the overall discussion of the companies that are used for finance accounting services pointing on the laggings and the areas where the progress that could be made to bring more progress to the businesses they serveasafinanceadvisors.
2FINANCE ACCOUNTING SERVICES Table of Contents Introduction................................................................................................................................3 Company 1: Nudge Accounting.................................................................................................3 E commerce model..........................................................................................................3 Principle Goals................................................................................................................3 Company 2: Nexia ANZ............................................................................................................4 Name of the company: Nexia ANZ................................................................................4 URL:www.nexia.com.au................................................................................................4 E Commerce Model:.......................................................................................................4 Principle goals.................................................................................................................5 PICTURE OF THE COMPANY....................................................................................5 The rating...................................................................................................................................5 Assessment Table for Company 1..............................................................................................6 Assessment Table 2...................................................................................................................9 Comparison of the websites.....................................................................................................12 Conclusion................................................................................................................................13 References................................................................................................................................14
3FINANCE ACCOUNTING SERVICES Introduction B2b business refers to the commerce that occur between two companies rather than with the company and the consumers(Carrigan, and Di Marco, B., 2017.). The finance accounting services are the companies that provides the analysis and the report of the financial transactions that is pertaining in the business companies. The report mainly focuses on the Ecommerce business models of the two finance accounting companies of Australia. The company taken under consideration are Nudge and Nexia A. These are the two main companies that are competent against each other. They both provide accounting services to the small business and start-ups. Through this report, the assessment of these companies carried out over different attributes. The ratings are in order to provide the knowledge about overall position in the market as well as the internet. Company 1: Nudge Accounting Name of the company:Nudge Accounting URL :https://nudgeaccounting.com.au/services/ E commerce model The company is situated in Pyrmont, North South Wales provides affordable aids to the new business and start-ups by providing monthly subscription. The company mainly provided financial services like online book keeping, taxation advices, key management to enhance the progress of the companies in the better ways(. The Nudge accounting provides a backup report of all the transaction that are taking place in the company and then provide the services according to the requirement of the user. Principle Goals The company principle goal is to ensure the finance of the companies safe. It provides efficient access through cloud storage. The goal of the company is to provide end-to-end solution about the businesses through online systems. It ensures the efficient growth the companies that are linked with them. The company keeps it prime goals to be up to the mark in the field of technology as well as the market. The company have the upgraded technologies that provide better way to compete with the other companies.
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4FINANCE ACCOUNTING SERVICES PICTURE OF THE HOMEPAGE Company 2: Nexia ANZ Name of the company: Nexia ANZ URL:www.nexia.com.au E Commerce Model: The company mainly deals with the financial aids covering up both business and personal wealth. The company ensure the financial growth through advisory to the business that are linked with Nexia(Nexia.com.au, 2018). The company not only serves Australia but also have served New Zealand. The Nexia is serving the customers since 40 years around two countries Principle goals The principle goals of the company is to aid the businesses worldwide through a class of the financial accounting services and advisory. The company is mainly thriving in two countries and have been achieving great success. The company view their challenges as the opportunity and overcome each barriers like communication, technology and culture.
5FINANCE ACCOUNTING SERVICES PICTURE OF THE COMPANY The rating The table will assess the overall position that the company that is assessed through various attributes. The attributes will give be rated according to the performance of the company, its exposure other measures that is important for the company to grow with the competition prevailing in the same business models. The rating table for the following assessment table are as follows: Rating12345 AssessmentVery poorPoorInapplicableGoodVery Good
6FINANCE ACCOUNTING SERVICES Assessment Table for Company 1 The following table shows the assessment of the company named Nudge Accounting. AttributesRatingBrief Comment How does the website URL relate to the business? 4The URL of the company relateswellwiththe business. Availability over the internet search engines. 5TheURLisonthefirst page of the search engines. Doesorganisationprovide alltheinformationtothe user needs 4Theorganizationdo provideallthebasic information that a user may need while going through its online site. Aretherequirementsthat are provided to the users are appropriate? 4Therequirementthatare provided to the users are precise and it provides the contact details in the portal in case of any doubts. How well does the website reassureusersaboutthe securityanduseoftheir information? 4Thecompanyhas collaboratedwith AustralianPrivacy Principles under the legal requirements of the Privacy Act. The Act ensures that thereisnodisclosureof private information of the users without consent. How well does the website fosterusertrustinthe organisation? 5Thecompanyhas80 trustedyearsofthe experiences and it has been fostering250million revenues. How well does the website addresslegalissues associated with use of the websiteorengagementin transactions? 5Thewebsitefollowsthe legaltermsunderthe Privacyact.Allthe disclosurearedoneonly under the user consent How well does the website provide for the accessibility needs of users? 5The company is quite easy toaccessfortheusers because of its user interface id How well does the website addressthelanguageor cultural needs of users? 4Thewebsitefollowsthe officiallanguageEnglish which is understandable to
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7FINANCE ACCOUNTING SERVICES maximumpeopleinthe country Does the website contain all the product information that ausercouldreasonably require? 5Thesitecontainsallthe requirementsinprecise, withtheaccurate informationasper addressed by the user. Does the website allow all thecustomisation(user- managedfeatures)thata usercouldreasonably expect? 4The website do allow the customisationofthe featuresandbenefitsthat the How well does the website personalisetheexperience for users? 4Thewebsitemerge according to the needs of the user Doesthewebsiteidentify sufficient channels for user service/support? 4Thecontactdetailshelps the user of the companies tostayintouchanytime anywhere How easy is it to find any information on the website about the organisation, their products or services? 5The services are mentioned onthedashboardwith proper picture and written description which provides the information quick and easy How easy is the information on the website to read (i.e. is providedinformationin appropriatelanguageand withsufficientdetailfor most users) 4Theinformationprovided in the online site provides a precise overview of all the information required by the user who has accessed the site for the first time. Isthewebsiteeasyto navigate (i.e. move through thewebsitetofind information,products,or services,andengagein transactionswiththe organisation)? 4 Ithasprettygood navigationbutitall dependsontheinternet speed that has been used to accessthewebsite,the server overloading is quite rare. Howappropriatearethe website aesthetics (e.g. use of layout, colours, imagery, font) for the target audience? 5There is adequate amount ofthepicturesandpie charts that needs to acquire the attention of the users. Thefirsttimeusercan easilygettheideaabout what is the site all about. Balanceduseofcolours
8FINANCE ACCOUNTING SERVICES and clean fonts are used in the site How well does the website fostercommunityamong users? 4Pretty good How well does the website supportdifferentweb- browsers or platforms (e.g. mobile devices)? 4Platform independent, can be access over the systems of mac and windows both. Theplatformsdoesnot hinder its performance. It canbeusedovermobile phoneswithIosand android platforms used in the mobile phones. Howquicklydoesthe websiteloadintoyour browser and do all website features,linksand embedded objectswork as intended? 4Theserverisfast,the websiteloadallthe informationveryeasily. Themediafilesload depending upon the speed andavailabilityofthe internet coverage. Does the website provide a sufficient range of delivery options as can be reasonably expected? 4Theonlineservicesare quiteeasilydeliveredto users who want to access thebenefitsandfacilities thatareprovidedbythe company.
9FINANCE ACCOUNTING SERVICES Assessment Table 2 The table is the overall performance analysis of the company Nexia accounting. AttributesRatingBrief Comment How does the website URL relate to the business? 5The website providesthe overview of the business the company indulges in. Availability over the internet search engines. 5The website is on the top page of Google when it is beingsearchedoverthe search engines, lies second on yahoo.com Doesorganisationprovide alltheinformationtothe user needs 5The website of the business provide concise but overall overview of the information that the user needs to know while accessing the website. Aretherequirementsthat are provided to the users are appropriate? 5The information that is over theonlinesiteareoverall accurateandsupportedby the testimonials and reviews of previous users. How well does the website reassureusersaboutthe securityanduseoftheir information? 5All the information gathered onthesiteareunder discretion.Allthe informationfromthechat box to user information are under the private policy and legal disclaimer. How well does the website fosterusertrustinthe organisation? 5The site have international clients showing the trust of theusersinthisfinancial company.
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10FINANCE ACCOUNTING SERVICES How well does the website addresslegalissues associated with use of the websiteorengagementin transactions? 5Thecompanymainly complywithAustralian PrivacyPolicy.The sensitiveinformationare gatheredunderfull discretion,thesitehas created children privacy by providing age limit of above 13years.thewebsiteis secure for transaction as to secure the sensitive data by encryption How well does the website provide for the accessibility needs of users? 5The website is accessible to any users above 13 years of age. How well does the website addressthelanguageor cultural needs of users? 5The site is has international recognition in New Zealand so it has overcome cultural barriers quite efficiently. Does the website contain all the product information that ausercouldreasonably require? 5Thehomepageprovide overall information with the hyperlinksstatingevery details clearly. Does the website allow all thecustomisation(user- managedfeatures)thata usercouldreasonably expect? 5Thewebsitesuitsitself according to the user needs How well does the website personalisetheexperience for users? 5Itdoesallowthe personalisation of the site. Doesthewebsiteidentify sufficient channels for user service/support? 4The chat box present on the homepage aids the users in caseofanyproblemsand doubts. How easy is it to find any information on the website about the organisation, their products or services? 5All the information needed ismentionedonthe homepage How easy is the information5Thelanguageusedin
11FINANCE ACCOUNTING SERVICES on the website to read (i.e. is providedinformationin appropriatelanguageand withsufficientdetailfor most users) website is English. The most commonlanguageof communication world wide Isthewebsiteeasyto navigate (i.e. move through thewebsitetofind information,products,or services,andengagein transactionswiththe organisation)? 5Yes,itdependsonthe internet speed and network coverageoftheplacethe site is being accessed. The transaction done are pretty fast and secure. Howappropriatearethe website aesthetics (e.g. use of layout, colours, imagery, fonts)forthetarget audience? 5Properuseofthe colours,fontsandrelated imagesattractthetarget audiencearoundAustralia andNew Zealand(Madhoun,,Guenane and Pujolle, G., 2016). How well does the website fostercommunityamong users? 5The relatable images of the placesthatthecompany works in shows that the site is community friendly. How well does the website supportdifferentweb- browsers or platforms (e.g. mobile devices)? 4Accessible on smartphones, withIosandandroid,can work on both windows and mac without any limitations Howquicklydoesthe websiteloadintoyour browser and do all website features,linksand embeddedobjects(eg: media files or applets) work as intended? 4Dependsonthenetwork coverage, internet access is quite important to access the website. The benefits could be accessed through phones andthereareoffline solutionsavailablelike customer helpline number to keep the track of the policies that have been purchased. Does the website provide a sufficient range of payment optionsascouldbe reasonably expected 4Thecompanyprovides range of benefits depending upon the budget range of the user.Butitmostlydeals withbigbusinessand companies and not the start-
12FINANCE ACCOUNTING SERVICES ups.haveinstallationfees andsetupfeesas well(Dudin et al. ,2014). Does the website provide a sufficient range of delivery optionsascouldbe reasonably expected? 4Theonlinepackageis deliveredinminutes,after the payment is cleared from theuser(Nilssonand Stockenstrand,2015). Comparison of the websites The two finance accounting websites namely Nudge accounting and the Nexia ANZ are analysed in the above assessmenttablesshowing their accessibility,their appearance, platform independency, security, ease of payments. The results deduced are used to compare and contrast both websites against each other through the following table. attributesNudge AccountingNexia ANZ Privacy PolicyThecompanydoesnot provide children privacy; the sitecanbeaccessibleto everyonethatcancause accidentalissue.likefalse transaction The company has provided the user with child lock that assure that no user of below 12 years can access the site. Global exposureThenudgeAccountingis limitedonlyinAustralia withitsheadbranchin Melbourne Thecompanyexpandsits branches to New Zealand as well(Byers et al.,2018) The company has exposure that is more global. ExistenceThenudgeaccountinghas 80 years of experience in the marketstilllagsbehind Nexia. The company has 40 years ofexperiencestillgrew fasterthanNudge Accounting. Information accessThe company gives limited information to the user. The userneedtoaccesspages onebyonetogain information(Gonçalves, Martins and Branco, 2014). Thecompanyhasallthe information available n the homepage each linked with thehyperlinksthat summariesthedetailsbut provides all information at a glance. PaymentThecompanyprovidesBecause of the quality, the
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13FINANCE ACCOUNTING SERVICES variousaffordableaids irrespective of the size of the business; they do not have any extra charges or set up fees.Itisamonthly subscriptionofallthe services it provides(Fanning and Centers,2016). company is not as flexible as thenudgeaccountingin service providing. FieldIt has very limited field of work. It has a variety of field to work with including health and education. Cultural barriersThecompanyisless communityfriendly and is limited to New South wales Thecompanyhavemore branches than Nexia in the country as well as outside country The above-mentioned table shows that the NEXIA ANZ is overpowering the internet market more than Nudge accounting. The company has exposure that is more global, more option and better security. The Nexia ANZ promotes cultural friendly environment by maintaining the transparency of the benefit it provides for the company. Conclusion The reports concludes with better analysis and assessment of two financial companies that aid in online bookkeeping, taxation services and key management options to help a start up to grow in a better manner. The comparison shown against each companies provide a broader view aboutthe progress of the companies. The comparison shows the aspects in which the company has to make progress and be better in their fields. The report gives the idea about how online E commerce works efficiently and also what are expectations of the users that are needed to be fulfilled by company.
14FINANCE ACCOUNTING SERVICES References Al-Qeisi, K., Dennis, C., Alamanos, E. and Jayawardhena, C., 2014. Website design quality and usage behavior: Unified Theory of Acceptance and Use of Technology.Journal of Business Research,67(11), pp.2282-2290. Byers, E., Gidden, M., Leclère, D., Balkovic, J., Burek, P., Ebi, K., Greve, P., Grey, D., Havlik, P., Hillers, A. and Johnson, N., 2018. Global exposure and vulnerability to multi- sector development and climate change hotspots.Environmental Research Letters,13(5), p.055012. Caron, X., Bosua, R., Maynard, S.B. and Ahmad, A., 2016. The Internet of Things (IoT) and its impact on individual privacy: An Australian perspective.Computer law & security review,32(1), pp.4-15. Carrigan, D., Gallagher, J. and Di Marco, B., 2017. Australia's new mandatory data breach notification regime: How to prepare your business.Governance Directions,69(5), p.280. Dhar, S., 2018. Benefits of Using a Good Web Design Company. Dudin, M., Kucuri, G., Fedorova, I., Dzusova, S. and Namitulina, A., 2015. The innovative business model canvas in the system of effective budgeting. El Madhoun, N., Guenane, F. and Pujolle, G., 2016, February. An online security protocol for nfcpayment:Formallyanalyzedbythescythertool.InMobileandSecureServices (MobiSecServ), 2016 Second International Conference on(pp. 1-7). IEEE. Fanning, K. and Centers, D.P., 2016. Blockchain and its coming impact on financial services.Journal of Corporate Accounting & Finance,27(5), pp.53-57. Gonçalves, R., Martins, J. and Branco, F., 2014. A Review on the Portuguese Enterprises WebAccessibilityLevels–Awebsiteaccessibilityhighlevelimprovement proposal.Procedia Computer Science,27, pp.176-185. Nexia.com.au. (2018).Nexia | Taxation Consulting & Business Advisory Services. [online] Available at: https://nexia.com.au/ . Nilsson,F.andStockenstrand,A.K.,2015.Financialaccountingandmanagement control.The tensions and conflicts between uniformity and uniqueness. Springer, Cham. Nudge Accounting. (2018).Online Accountants for Small Business - Nudge Accounting | OnlineAccountantsForSmallBusiness.[online]Availableat: https://nudgeaccounting.com.au/ .
15FINANCE ACCOUNTING SERVICES Renz, D.O., 2016.The Jossey-Bass handbook of nonprofit leadership and management. John Wiley & Sons. Rezaei, S., Chandran, R. and Oh, Y.M., 2018. Pre-Purchase User Perceptions of Attributes and Post-Purchase Attitudes in Building Successful Online Retail Promotional Strategies. InDigital Marketing and Consumer Engagement: Concepts, Methodologies, Tools, and Applications(pp. 368-382). IGI Global. Schuh,S.andStavins,J.,2016.HOWDOSPEEDANDSECURITYINFLUENCE CONSUMERS'PAYMENT BEHAVIOR?.Contemporary Economic Policy,34(4), pp.595- 613. Wright, D. and Raab, C., 2014. Privacy principles, risks and harms.International Review of Law, Computers & Technology,28(3), pp.277-298.