First draft fast: an 80% reduction time taken on Quarterlies
Background
PARKD is an ASX-listed company focused on commercialising its modular car park system. With regular reporting obligations and a lean executive team, they needed a way to produce high-quality market updates without pulling focus away from running the business.
Challenge
Peter McUtchen and the PARKD team are meticulous in the preparation of their company reports, but quarterlies were a time sink. Getting from a blank page to a first draft meant long hours inside a messy pull of inputs or paying for external help that added real cost. For a company that values staying lean, neither option was ideal.
Solution
Relait’s Report Generation workflow was implemented to take the grind out of quarterlies, including:
- A structured quarterly format aligned to PARKD’s reporting style.
- AI training on PARKD’s tone, historical announcements and prior quarterlies.
- Automated ingestion of relevant ASX releases and key operational inputs.
- A first-draft quarterly generated inside Relait, ready for management refinement.
- Consistent language and formatting across reporting cycles.
Impact
- 80% reduction in time to reach a strong first draft of the quarterly.
- Less reliance on external writing support, reducing reporting overhead.
- Faster internal review cycles because the draft starts in a clean, familiar format.
- More time for the team to stay focused on execution, not admin.
“Quarterlies are notoriously time-consuming for public company executives. Relait gets us to a solid first draft about 80% faster, which means we do not need to outsource the writing and we can keep the company lean while still putting out quality reporting.”
Peter McUtchen, Managing Director, PARKD Ltd
