Ratescalc has been ranked number 100 Fastest Growing Technology Company on the Deloitte Technology Fast 500™ Asia Pacific 2020 in Australia. CEO, Col Levander credits the growing Australian market and his dedicated team at Ratescalc for helping to build a successful software company.
“First and foremost, to build a successful company, you must have a vision and real passion around what you’re doing,” he says. “You have to believe very strongly that what you’re planning is ‘doable’, that the market needs it and that you can help make it happen. It’s even more rewarding when the product also makes a difference to people’s lives and companies success. Then bringing clients, partners, vendors and of course great people on this journey with you is a turning point for your business. We continue to see wage theft and mis interpretation of rates as an issue in Australia. Companies that don’t comply run a real risk of losing what they have built. We are looking forward into the future and we know that any company that pays people can benefit from our technology.”
Looking into the short term future of Ratescalc sees New Zealand as the next market where the product will launch. Plans are also underway to expand into the United Kingdom and Singapore market. Strong partnerships have been fostered over the years to ensure maximum integration to the most widely used recruitment software out there. Focusing on some major integrations in the next 12 months will see Ratescalc.com set up for the future.
Rankings in the 500 are based on percentage revenue growth over three years. Ratescalc grew 567% percent during this period – attributed to its clients continued confidence in using Ratescalc’s Software Platform to achieve accurate wage and payroll calculations for labour hire, recruitment and payroll companies.
“The Australian labour market can be very tricky and everyone involved in labour hire needs to make sure that their calculations are on par with Fair Work Modern awards and most importantly any changes in awards are updated on their systems in real time,” says Levander. “This is what Ratescalc does, we automate these workflows to ensure real-time compliance. This is what we are all about and we are seriously passionate about what we do and the service that we deliver to our clients.”
This is the first year that Ratescalc has submitted an application for this prestigious award and they are incredibly proud to have made the top 100. Overall, companies that ranked on the Deloitte Technology Fast 500™ Asia Pacific 2020 program had an average growth rate of 551% percent, and Ratescalc has secured its place in the top 100 amongst many other fast growing businesses in the Asia Pacific region which includes China, Taiwan and Singapore who are all major players in advancing technology.
