Every business involves a combination of people, systems and processes, and a specialist is required to enhance and empower these core elements by providing access to relevant information and support of experienced professionals.
With this backdrop, we present to you Australia-based expert in transport logistics, business efficiency and optimisation, Orcoda Limited (ASX:ODA).
Orcoda Limited - The Operational Efficiency Specialists
Effective planning, mobilising people and assets in the most timely and cost-effective way, and helping clients to identify, adapt and respond to changes as they occur are Orcoda’s empowering strategies.
Orcoda, with the objective to optimise everything, supplies world-class solutions that combine real time digital platform, management expertise and contracting services.
ORCODA logistics management system is a cloud-based digital SaaS platform with a fast, accurate and real time reporting dashboard. It delivers management and operational efficiencies and ensures more effective management of people and assets. The system consolidates and integrates supply chain systems, processes and data into a digital management system.
Clients from varied industry sectors are empowered by the Company to be the most productive and cost-effective organisations in their respective industries. Its clients generate fast, accurate and reliable information in real time allowing their clients to make the best business decisions, facilitated by the three key business segments in – Healthcare Logistics, Transport Logistics and Resources Logistics.
ODA’ healthcare logistics solutions cater to community, aged care and disability sectors. Under this segment, the Company provides community transport services and a SaaS product for health transport services e.g. homecare, pathology pickups etc.
An innovative mobile healthcare-related solution, Orcoda Healthcare Logistics SaaS solution improves efficiency of client outcomes and delivery of mobile healthcare services.
It increases visibility, safety and compliance, vehicle utilisation and improves customer service and satisfaction, eventually reduce operating costs of clients.
- Homecare Services
The optimised communication system enables healthcare providers to deliver real-time care service updates for clients and their families, thereby keeping them informed with the service bookings and expected delivery timings. The platform tracks live status updates that can be streamed on any mobile device.
- Managed Aged and Disabled Transport Services
The Company delivers transport functions as an active provider (manages fleet and rents fleet vehicles from licensees). The fleets are effortlessly managed and allocated on priority levels with overflow settings. ODA’s optimisation process offers a technical advantage to supervise and deploy people, vehicles as well as transport services.
- Healthcare Transport Services
The scheduling and route optimisation technology enables the Company to boost the reliability and efficiency of fleets to ensure delivery of much needed people transport services, while providing real-time updates. The in-house managed transport fleet is called Orcoda Connect, which is an integrated scheduled people transport service. It aims to provide safe and personalised scheduled transport service, especially to seniors, veterans and low-care disabled clients.
ODA’ transport logistics solutions cater to manufacturers and distributors and is effective in field service. It supports client deliveries, collections, installations and inspections that either run their own fleet, or require fleets as a by-product of their clients core business.
The transport logistics solutions optimise fleet’s schedule to ensure full operational and service-level compliance delivery efficiently while adhering to operational and customer service rules. The solution is based on cloud SaaS architecture and ensures visibility and control of future schedules, with real-time views and notifications of in-field progress to external and internal stakeholders, when integrated with ODA’s customised mobility solution.
Moreover, the solutions lower bottom line costs, while increasing vehicle and driver efficiency, compliance, visibility, safety and service levels along with improving customer service and satisfaction.
- Scheduling, Planning & Management
Through the tech-savvy solution, schedulers have the flexibility to optimise a fleet with compliant schedules and create manual schedules easily. The optimisation software is custom-made to the client’s operation’s unique rules, KPIs and operational variables. Moreover, the expert management team employs their specialist supply-chain knowledge to design and improve key project processes.
- Mobility & Visibility
The solution enables stakeholders in monitoring the progress of schedules, worker location information and order fulfilment status on a real-time basis on a live map with the option to revert to exceptions. Additionally, schedulers are provided with feedback to assist them with schedule adjustments.
- Business Intelligence & Workflow
The Company’s automated workflow and notification engine facilitates the forecasting of future exceptions to business rules and schedules, on the basis of the client’s current activity. The reporting and analysis tools (real-time and long-range) further support with the optimisation of fleets and movements based on accurate and up-to-date information generated in-field.
Resource People Logistics
Catering to the mining, oil & gas, infrastructure and related business industries, solutions in this segment are targeted towards supporting the clients with onboarding, mobilisation and worksite compliance.
It manages people, places and process, providing visibility and control of work teams and assets, with particular attention on minimising waste, creating efficiencies and delivering clients a safer solution for their workforce.
Built on the back of Australia’s leading workforce-concentrated projects, this solution extends across every delivery phase (early works till production, operation and maintenance). Administration, contracting experience and technological advantage amalgamate to simplify the complexity of mass workforce deployments.
ODA’s expert management team caters to clients by offering an outsourced solution and catering to evolving needs of their projects. The specialist supply-chain knowledge of the Company helps in designing and improving key project processes, consequently saving both time and money. Its specialists ensure that quick, precise and cost-effective decisions are made by clients, while adhering to compliance and policies.
ODA manages and procures the service providers needed to aid every single stage of a project.
- Platform & Integration
Bringing together suppliers and personnel under a single continuous supply chain, ODA can digitally connect data and systems to establish a smooth, end-to-end process. Rather than replacing, the in-house development team integrates existing systems of the client into ODA’s digital platform, which transforms into a streamlined single source of truth. Consequently, using real-time information, clients are able to manage and control all their people, suppliers and subcontractors safely and more efficiently.
Share Price Information
The ODA stock last quoted at $0.200 on 30 January 2020. The Company has a market cap of $21.71 million and, its stock has generated returns of 8.11% in the past six months.
The solutions of ODA enable users to substantially reduce their costs while achieving operational efficiency. The company witnessed the doubling of customer receipts in the last quarter of FY19, indicating a significant achievement for Orcoda Limited.
Results for the quarter ended 31 December 2019, show the Company is in a growth phase with results showing the Company was cash flow positive by $503k from operating activities and increased cash over last quarter by 26% from $1.68m last quarter to $2.12m this quarter, without further capital raising. Customer revenues increased by 250% compared with last quarter. Pleasingly, the consolidated entity also made an EBITDA profit of $220k (unaudited) this quarter.
The Healthcare division was the major contributor to consolidated profit, with an operating profit of $607k for the quarter. Due to recent license sales, the Company now has Community Transport vehicles operating in Brisbane, Sunshine Coast as well as the Gold Coast. In mid-January, Orcoda launched operations of its Community Transport in Melbourne and management plan to launch in Sydney over the coming months.