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IODM Rein In Receivables ASX Announcement 30 July 2021 IODM 4Q Quarterly Activities Report and Appendix 4C Key highlights • Achieved quarterly cash receipts of A $ 300k Signed new partnership agreement with WUBS for Education in the UK Signed first education client in the UK 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 30 June 2021 ( " 4Q FY21 " ) . During the quarter , IODM received cash receipts from clients of A $ 302k , up 35 % on the 3QFY21 . More than 95 % of FY21 Revenue and cash receipts have been derived from the Australian operations . On 30 June 2021 , IODM announced that it had signed a material contract with WUBS regarding the updated partnership agreement in the UK Education sector . The economics of this contract changed the nature in which IODM derives revenue from one of outperformance to a revenue sharing arrangement on existing WUBS clients . The target market is currently largely WUBS client orientated . The platform delivered to these clients is a targeted Accounts Receivable ERP system with CRM and problem - solving capabilities . The demographic that this system applies to is international students and allows the Universities to offer a seamless payment portal either as an upfront payment or through a payment plan . WUBS has a substantial market share in education in the UK Contact us at iodm.com.au IODM Rein In Receivables International University Using IODM Partnership receives Partnerships pays student pays receives in GBP system through revenue IODM commission In domestic currency Global Pmts Platform quarterly in arrears In 2019/20 there were ~ 538,600¹ overseas students studying while on 6 February 2021 the UK Government launched an update to their International Education Strategy which is aimed at recruiting 600,000¹ students annually . In 2015 , £ 4.8B1 was spent on tuition fees alone . It is envisaged that there will be a heavy skew towards overseas revenue going forward . It is also planned to extend this arrangement to WUBS education clients in North America and other regions .