When Generative AI burst on the scene with the release of ChatGPT in November 2022, the barriers to adoption for law firms seemed to outweigh the benefits. There were questions around data leakage, some high-profile examples of ‘hallucination’ (the fictitious creation of legal precedents), and concerns that adopting AI could introduce errors into legal documents. […]
When a business gets busy, the risk of fraud and financial error rises. You might have an employee who has forgotten to remove the corporate credit card from their online account. You might have the finance team paying invoices for services that haven’t actually been supplied. Or you might have something more sinister: a senior […]
What if I told you that the first 4 cars sold in each month just covers the on costs of property ownership while the next 57 vehicles cover that month’s rent? Scarily, our analysis indicates that this holds true for the average dealer in Brisbane (and this principle would be materially the same for most […]
We’re proud to present Pitcher Partners Melbourne’s sixth Charitable Committee report, and our collective efforts to support the community. We know we couldn’t do what we do without our people. And we also know that ‘our people’ extends beyond our staff. It includes our clients and the communities they help and are invested in. And […]
Pitcher Partners Sydney hosted a live webinar that helped attendees understand the key proposed tax changes likely to affect individuals and families with ties to both the UK and Australia. This webinar addressed whether the new changes would require attendees to plan differently for possible inheritance tax exposure. More specifically, our speaker Private Business and […]
Delivering Value for Money (VFM) in infrastructure and major projects is crucial for achieving the best outcomes at optimal costs. This encompasses financial efficiency, but also the quality, timeliness and the overall impact of the project. In Australia, infrastructure projects play a pivotal role in the national economy and face distinct challenges. But how can […]
Hear from Kylie Lamprecht, Partner at Pitcher Partners Brisbane, and Robert Prince, Executive Director at Pitcher Partners Perth as they unpack the findings from the latest Business Radar report on the challenges of succession planning for businesses. With almost half of Australian SMEs owned by older generations, one of the biggest wealth transfers in decades […]
Welcome to Pitcher Perspective, where we take you beyond the numbers and go in-depth on the current issues affecting mid-market businesses. Even though we’re accountants and advisors, we’re endlessly curious about finding better opportunities and creating better outcomes for your business. We recognise that an important piece of the puzzle is providing you with the information to […]
Infrastructure and major projects are essential for the economic and social development of any country. According to the 2023 Infrastructure Australia report, for every $1 billion invested in infrastructure, Australia sees an estimated $3 billion boost to the economy. These projects create jobs, stimulate local economies and enhance overall productivity. They provide the backbone for […]
Key findings: AI has the potential to boost productivity, but the actual benefits have not fully materialised Like an employee, AI needs trust-building, clear expectations and small projects to demonstrate benefits Accurate and transparent data is crucial for AI performance – poor data inputs can lead to high ‘hallucination’ rates Artificial intelligence (AI) has been […]
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