Administration, Business News

Class completes new product integration

Class product integration

Class has completed its product integration with Cloudoffis SMSF Sorted, which is designed to deliver increased efficiency to SMSF accountants and administrators.

SMSF administration software provider Class has expanded its partner network via the recent product integration of its SMSF platform with a new SMSF audit and administration tool from Cloudoffis.

The integration with newly launched Cloudoffis SMSF Sorted, intended to reduce the time spent on fund preparation, review and compliance, was an opportunity to further help SMSF accountants and administrators fine-tune their processes, Class said.

Citing the recent “Class SMSF Benchmark Report”, which was based on a survey of 170,000 funds, it pointed out 38 per cent of respondents were spending more time managing their SMSFs than they had anticipated.

The software provider also highlighted its partner network as a key component of its objective to provide functionality for users and noted further product integrations would be announced before the end of the year.

Class chief executive Andrew Russell said: “While we are always focused on refining and strengthening our core products, we will also ensure the Class technology suite continues to lead the market by maintaining its ability to interact with other leading technology solutions. This is something we will always remain committed to.

“We know from our clients that helping to save both time and cost in the administration of their funds remains a high priority. Class continues to focus on this objective in our ongoing product development and growth strategies.”

Earlier this year, Class introduced a number of enhancements to its transfer balance account report functionality following the release of the ATO’s new Online Services for Agents portal.

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