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IODM Rein In Receivables ASX Announcement 29 January 2021 IODM Quarterly Activities Report and Appendix 4C Key highlights • . Achieved quarterly cash receipts of A $ 252k , a 66 % increase on pcp Subscription Revenue was A $ 242k , a 42 % increase on last quarter . Non - Subscription Revenue was A $ 10k versus A $ 51k for the previous quarter due to Victorian COVID lockdown . Larger pipeline of onboarding accounts will be executed in the next two quarters due to COVID build up which will lead to greater Non - Subscription Revenue in those periods . IODM Limited ( ASX : IOD , “ IODM " or " the Company " ) , a cloud - based software solution that revolutionises business cash flow management is pleased to release its Quarterly Activities Report and Appendix 4C Quarterly Cash Flow Report for the period ended 31 December 2020 ( " 2Q FY21 " ) . During the quarter , IODM received cash receipts from clients of A $ 252k , up 66 % on the prior corresponding period ( pcp ) . Revenue growth was primarily driven organically from the existing customer base while the value of invoices on the platform is up 64 % on pcp ( 793.9m ) and the number of invoices is up 37 % on pcp ( 617,936 ) . Figure 1 : IODM Quarterly Cash Receipts ( A $ ' 000 ) 90 67 252 + 66 % 225 on pcp 190 152 133 113 95 95 Q1 Q2 133 Q3 Q4 == ■ FY19 FY20 FY21 274 IODM CEO , Mark Reilly said , " IODM's business continues to show resilience in any market as cash receipts continued to grow while Head Office was in lockdown . With this resilience and the pipeline of onboarding revenue to accelerate growth in the short term , we are applying resources to the areas that will monetise this opportunity quickly ensuring that we also focus on expanding the revenue base globally . "