{"id":4078,"date":"2015-04-22T05:31:11","date_gmt":"2015-04-22T05:31:11","guid":{"rendered":"http:\/\/revoscience.com\/en\/?p=4078"},"modified":"2015-04-22T05:31:11","modified_gmt":"2015-04-22T05:31:11","slug":"the-real-cost-of-child-care-revealed-at-global-business-technology-event","status":"publish","type":"post","link":"https:\/\/www.revoscience.com\/en\/the-real-cost-of-child-care-revealed-at-global-business-technology-event\/","title":{"rendered":"The real cost of child care revealed at global business technology event"},"content":{"rendered":"

\"unnamed<\/a>A ground breaking system that allows Australian families to clearly and simply work out their childcare entitlements from the Australian Government, will be unveiled at global business technology event\u00a0CeBIT\u00a0next month\u00a05-7 May<\/span><\/span>\u00a0at Sydney Olympic Park.<\/span><\/p>\n

\u2018The Real Cost of Childcare\u2019, a software program currently being developed by NSW StartUp\u00a0Entitlemate,\u00a0 will \u2013 once complete, show parents, in simple terms, what they\u2019re eligible for when it comes to the costs involved with sending their children to childcare.<\/span><\/p>\n

Founders Brendan Ryan, an ex-Macquarie financial services advisor with over 20 years experience, and Brett Raven, a software architect with 25 years\u2019 experience, have together come up with this solution that could be the answer to many parents\u2019 prayers \u2013 making the actual out of pocket expense for childcare transparent.<\/span><\/p>\n

\u201cWith the government\u2019s allocation of $5 billion to childcare, the cost of childcare still remains high; but the out-of-pocket expense may not be, if families knew what they\u2019re entitled to,\u201d says Mr Ryan.<\/span><\/p>\n

In Australia, 1.3 million children are currently in some form of childcare; which roughly equates to 890,000 families. Today, many parents face the dilemma of deciding whether or not it is financially viable to return to work fulltime, part-time or even at all when considering the costs for childcare.<\/span><\/p>\n

\u201cFor most Australians, household budget decisions are based on a careful look at where money goes, and where money comes from. Up until now, Australians have been making decisions without all the information.<\/span><\/p>\n

“The information is out there – in fact, the information is written as law and can be found in complex legislation, tables and formulas \u2013 too involved and too laborious a task for the average person to sift through. This is where we\u2019re sure our technology can be used to solve this complexity,\u201d explained Mr Ryan.<\/span><\/p>\n

The Real Cost of Childcare, still in its infancy, has a multifaceted backend system that in its most simplistic form, reviews a family\u2019s current situation, cross checks it against the government\u2019s comprehensive parameters to provide a result.<\/span><\/p>\n

\u201cThe process is incredibly straight forward. We\u2019ve done all the hard work to convert the government\u2019s rules and parameters, into code. It\u2019s essentially data in, with results out \u2013 highlighting exactly what each user is entitled to.<\/span><\/p>\n

\u201cWe want Australians to be able to take control of the system. We think families should be able to make decisions and feel confident that they\u2019ve taken all factors into account. The recent Productivity Commission report provides fascinating detail around the final financial impact of family decisions around childcare. We want to bring our expertise to the family table, by solving the complexity in the background and delivering a leading user experience,\u201d said Mr Raven.<\/span><\/p>\n

It\u2019s the goal of parent company\u00a0Entitlemate\u00a0– to provide independent advice to solve issues and provide clarity when it comes to entitlements through the use of technology.<\/span><\/p>\n

\u201cWe\u2019re also working towards using this technology to provide clarity on the real cost of aged care too, as the recent government changes have made this complex system even harder for the families to understand,\u201d said Mr Ryan.<\/span><\/p>\n

Harvey Stockbridge, Managing Director of Hannover Fairs Australia \u2013 owner of\u00a0CeBIT Australia, said that concepts like\u00a0The Real Cost of Childcare by Entitlemate\u00a0is just one of the many innovative StartUps exhibiting at\u00a0CeBIT\u2019s StartUp\u00a0area this year.<\/span><\/p>\n

\u201cWe believe that\u00a0CeBIT\u00a0provides the perfect platform for Australian technology pioneers to get the kick-start they need to become a part of everyday life, saving Australians money and time.<\/span><\/p>\n

\u201cCeBIT Startup\u00a0offers commercial innovators and tech entrepreneurs an extraordinary opportunity to connect with business, investors and government,\u201d said Mr Stockbridge.<\/span><\/p>\n

\u201cOur hope is to have\u00a0The Real Cost of Childcare\u00a0become an everyday tool for families, available as an additional resource to that of Centrelink, and utilised as value-add service for leading financial advisors, accountants and childcare sites across Australia,\u201d said Mr Ryan.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

A ground breaking system that allows Australian families to clearly and simply work out their childcare entitlements from the Australian Government, will be unveiled at global business technology event\u00a0CeBIT\u00a0next month\u00a05-7 May\u00a0at Sydney Olympic Park. \u2018The Real Cost of Childcare\u2019, a software program currently being developed by NSW StartUp\u00a0Entitlemate,\u00a0 will \u2013 once complete, show parents, in […]<\/p>\n","protected":false},"author":6,"featured_media":4079,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,34,32],"tags":[],"class_list":["post-4078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-culture","category-economics","category-social-science"],"featured_image_urls":{"full":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2015\/04\/unnamed-12.jpg",598,108,false],"thumbnail":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2015\/04\/unnamed-12-150x108.jpg",150,108,true],"medium":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2015\/04\/unnamed-12-300x54.jpg",300,54,true],"medium_large":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2015\/04\/unnamed-12.jpg",598,108,false],"large":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2015\/04\/unnamed-12.jpg",598,108,false],"1536x1536":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2015\/04\/unnamed-12.jpg",598,108,false],"2048x2048":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2015\/04\/unnamed-12.jpg",598,108,false],"ultp_layout_landscape_large":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2015\/04\/unnamed-12.jpg",598,108,false],"ultp_layout_landscape":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2015\/04\/unnamed-12.jpg",598,108,false],"ultp_layout_portrait":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2015\/04\/unnamed-12.jpg",598,108,false],"ultp_layout_square":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2015\/04\/unnamed-12.jpg",598,108,false],"newspaper-x-single-post":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2015\/04\/unnamed-12.jpg",598,108,false],"newspaper-x-recent-post-big":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2015\/04\/unnamed-12.jpg",550,99,false],"newspaper-x-recent-post-list-image":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2015\/04\/unnamed-12.jpg",95,17,false],"web-stories-poster-portrait":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2015\/04\/unnamed-12.jpg",598,108,false],"web-stories-publisher-logo":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2015\/04\/unnamed-12.jpg",96,17,false],"web-stories-thumbnail":["https:\/\/www.revoscience.com\/en\/wp-content\/uploads\/2015\/04\/unnamed-12.jpg",150,27,false]},"author_info":{"info":["Amrita Tuladhar"]},"category_info":"Culture<\/a> Economics<\/a> Social Science<\/a>","tag_info":"Social Science","comment_count":"0","_links":{"self":[{"href":"https:\/\/www.revoscience.com\/en\/wp-json\/wp\/v2\/posts\/4078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.revoscience.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.revoscience.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.revoscience.com\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.revoscience.com\/en\/wp-json\/wp\/v2\/comments?post=4078"}],"version-history":[{"count":0,"href":"https:\/\/www.revoscience.com\/en\/wp-json\/wp\/v2\/posts\/4078\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.revoscience.com\/en\/wp-json\/wp\/v2\/media\/4079"}],"wp:attachment":[{"href":"https:\/\/www.revoscience.com\/en\/wp-json\/wp\/v2\/media?parent=4078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.revoscience.com\/en\/wp-json\/wp\/v2\/categories?post=4078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.revoscience.com\/en\/wp-json\/wp\/v2\/tags?post=4078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}