Maritime Super is moving towards a paperless boardroom after adopting IQ Group's iqBoard to replace paper documentation for its 17-member board and sub-committee meetings.
It is expected to save the fund's secretariat team over 10 weeks a year in manual processing and does away with the need to deliver paper documents around the country up to 26 times a year.
The specialist industry fund said its decision to extend the long-term relationship it had with IQ Group was a natural fit in light of the success of previous applications.
"Additionally they have developed very strong testimonies to the success of iqBoard within the superannuation sector and that provided great reassurance for us," said Maritime Super executive officer Glenn Davis, who will continue to monitor the application's success.
"The comprehensive implementation has been completed with a smooth transition from a system very familiar to all users, to a new operating and communications platform for our executive team," he said.
A member body representing some prominent wealth managers is concerned super funds’ dominance is sidelining small companies in capital markets.
Earlier this month, several Australian superannuation funds fell victim to credential stuffing attacks, which saw a small number of members lose more than $500,000.
Small- to medium-sized funds have become collateral damage in an "imperfect" model for super industry levies, a financial institution has said.
Big business has joined the chorus of opposition against the proposed Division 296 tax.