POWERED BY MOMENTUM MEDIA
SuperConcepts launches new SMSF Transaction Centre
SuperConcepts has announced the launch of a new Transaction Centre, as it updates its self-managed superannuation fund (SMSF) accounting platform, SuperMate.
The new product provides advisers and accountants with efficient daily reconciliation through an intelligent automation engine, daily data feeds and customised automated reconciliation rules.
The Transaction Centre’s introduction would help SMSF practitioners free up time. SuperConcepts said this was important with the Australian Taxation Office requiring more regular reporting.
“The Transaction Centre … automates what was once a time consuming manual process. SuperMate users now receive daily data feeds direct from institutions with all purchases and sales matched to the cash transaction, and automatically processed,” SuperConcepts chief technology officer, Kurt Groeneveld said.
“The daily reconciliation approach means that accountants and advisers are immediately alerted if a bank statement is out of balance rather than having to wait until the end of the month,” he continued.
As the data feeds come directly from the source, Groeneveld said that users could rest assured that it would be accurate.
Access to the platform would be priced at five dollars per fund per month.
Recommended for you
The Association of Superannuation Funds of Australia has appointed a new director representing industry funds, among a number of other appointments in recent months.
The Association of Superannuation Funds of Australia has tapped an experienced public policy executive as head of policy and advocacy.
The firm has welcomed an experienced financial services executive, who helped establish Vanguard's superannuation business, as its new chief financial officer.
The $8.9 billion fund has tapped a fintech company headquartered in Rotterdam as investment performance consultant.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
73.88 3 y p.a(%)
2
Hills International
63.66 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
36.33 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
35.96 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.23 3 y p.a(%)
Add new comment