Don’t Underestimate the Value of Your Notes

The Australian Financial Review had an interesting story recently around the notes that the Australian Securities Exchanges (ASX) keeps in relation to potential breaches of continuous disclosure rules and how this has impacted the ability of the Australian Securities and Investment Commission (ASIC) to deal with potential breaches as reported by Hannah Low (the story is behind a pay wall unfortunately)

“There might be a scrap of loose paper, nothing more than that”

In this age of digital devices has the timeless act of taking notes fallen this low?

Clearly there is a role here for simple devices like our Livescribe smartpen. Some of the ways the smartpen will help include:

  1. A user can quickly capture detailed notes and audio, records of conversations – all via a device that requires no more technical skill than being able to push an ‘on’ button, and use a pen
  2. Notes that can be immediately shared, annotated, or transformed depending on the needs of the user or specific end user

Australian Securities and Investment CommissionIt’s worth noting that given the sensitive nature of what the ASX and ASIC is dealing with, we’ve also got the option of providing smartpen’s that can work within a totally closed, controlled environment for both entities. This is an important new development that would allow either or both parties to use the Livescribe smartpen within their own private cloud environment.

“records of the advisors’ conversations with the listed companies, its an unintelligible mess…”

Given the work we’ve done with the legal community over the past three years – from suburban law firms, barristers, to many of our State-based Law Society’s – I think it’s fair to expect a key Federal agency would be able to capture, share, and utilise notes to a higher standard – maybe we just need someone from either the ASX or ASIC to put their hand up and ask for more information – heck, we’d even give them a pen to trial…

About Mark Parker

Mark Parker is the owner of Smartpen - a business unit of Smart Selling International Pty Ltd. Smartpen was the first sales agent for Livescribe in Australia and offers the most comprehensive range of Smartpens and accessories available in Australia. Mark also works for Kinship Digital as Queensland GM. Kinship Digital is Australia's leading consulting firm for social media strategy, social business design, and social technology solutions. You can find him online at - Twitter (@smartselling or @smartpen), LinkedIn - http://au.linkedin.com/in/smartselling
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3 Responses to Don’t Underestimate the Value of Your Notes

  1. Keychain Pen says:

    I never even thought of using pens in relation to ASIC. Haha. I suppose I have to start somewhere. I can see the value of being able to share notes instantly etc. I will defs consider this product as a gift for someone in 2012. :)

  2. Nomis says:

    As a Financial Planner, I have found the Echo Smartpen (8GB) to be invaluable when meeting with my clients. Not only do I take notes that are automatically converted to a PDF that I save down to the clients file, I also have the audio to go back and confirm/check on something I may have missed in my notes that is vital in the provision of giving them advice. The audio component provides that security blanket and it is so easy to access compared to a tape/digital recorder. I am now using the Smartpen in the various committee meetings I attend and wouldbe lost without it!

    • Mark Parker says:

      Thanks for the feedback Simon – we’ve heard similar comments from your peers around Australia and New Zealand. I suspect you’ve found it easier now to get deeply engaged with your clients – knowing that the smartpen is capturing the audio so you can recap as needed..!

      I did speak to another FP last week and she told me that she now regularly uses Livescribe Connect to share her notes directly with her clients. So she captures notes and audio in a client meeting and then uses Connect to email them to her client before they leave her office – so they end up with a copy of her hand written notes – plus the audio. Which in her words was a great win-win

      cheers Mark

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