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LIXI Forum
On the 23rd of October LIXI hosted its inaugural LIXI Forum. We
departed from our traditional AGM approach this year as it was
clear that our members wanted to be kept informed while at the
same time creating an opportunity for you to be more actively involved
in guiding LIXI into the future.
The day was attended by over 220 people and we had overwhelming
positive feedback on the quality of the forum and its contents.
But more importantly, this was an opportunity for you to give guidance
to LIXI on where our focus should be in 2008. Moving forward there
are a number of key items LIXI will focus on and I would like to
briefly outline those to you:
- Firstly, the Board will need to further digest the information
and feedback from the forum, distil the important points and
incorporate those into the 2008 LIXI business plan. But just
as importantly, we will communicate those outcomes to you as
early as possible.
- Our new membership model is already achieving a key goal of
broader LIXI membership while at the same time creating a stronger
financial position. For 2008, this means we can begin to fund
initiatives rather than rely on our traditional volunteer model.
That model served us well in the beginning, but in recent times
has been our Achilles Heel in delivering to our member’s expectations
and timeframes. To address this we will be employing, on a part
time basis, admin support and working group admin support to ensure
that our members who volunteer for working groups are focusing
their efforts where they can add the most value – that is
being “subject matter experts”.
- We will implement improved and consistent development processes
that ensure LIXI initiatives are resourced and funded and delivered
to agreed, upfront timeframes – something that has always
challenged LIXI in our “volunteer model”. We want to
achieve more certainty in the deliverables of working groups and
ensure that once a working group is engaged, outcomes are delivered
in a timeframe that meets our member’s expectations.
- Feedback in 2007, and confirmed at the Forum, was we need
to do more to support our members in understanding the business
value that standards can bring to an organisation. LIXI will
be engaging an external independent party to create a “white paper” to
assist our members to articulate a business case for implementing
efficiencies based on standards. We will also create generic templates
to assist the creation of business cases. Both the “white
paper” and the business case template will fill a gap that
has been a consistent theme in recent feedback.
- We will continue to work with the various State Land Titles
Offices to ensure that the mortgage industry benefits from this
great initiative of creating a National Standard for Electronic
Conveyancing. LIXI will also continue our partnership strategy
with organisations such as NICTA who have done excellent work with
LIXI in the areas of creating working examples of standards in
action, understanding and mapping generic mortgage processes and
working on the visible loans project.
- We will be looking to work with industry participants to partner
in the development of reference model standards that assist members
in implementation – such as Microsoft who are working with
us to develop the reference model for implementation of commissions.
- Last, but by all means not least, we will continue to implement
and further refine current standards for those areas of the mortgage
value chain that our members require.
All of these points mentioned
will keep LIXI focused in 2008.
As this is the last LIXI @ Work for 2007, I would like to take
this opportunity to say thank you for your support throughout
the year and have a great christmas and a happy new year.
John Hearne
Chairman LIXI Limited
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