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 super fund has appointed Queensland director and super fund executive Brendan O’Farrell to its board as part of its ongoing governance renewal.
The $205 billion super fund has appointed Simon Warner as chief investment officer (CIO) following a global search to replace outgoing Damian Graham.
Industry super fund Rest has appointed an interim head of private markets following the exit of Simon Esposito.
Two former Statewide Super executives have been acquitted of dishonesty charges following a trial in the District Court of South Australia.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
211.16 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
121.06 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
72.47 3 y p.a(%)
4
Paradice Australian Mid Cap A
69.09 3 y p.a(%)
5
Smarter Money Long-Short Credit Investor USD
68.96 3 y p.a(%)
