SMSF administration service provider SuperConcepts has announced a new pricing structure for its accounting platform, SuperMate, inclusive of key data feeds.
The new pricing structure means users can enjoy the latest version of the SMSF administration application incorporating the Macquarie Cash via ESI, Broker Contract Note service and registry holdings look-ups from Link, Computershare and Boardroom data feeds for a monthly fee of $11 or a yearly charge of $132 per fund, both exclusive of GST.
SuperConcepts chief technology officer Andy Forbes said the upgraded pricing structure offers more value to new and existing users of the software and reflected the widespread use of data feeds to inform SMSF administration.
“We know the whole SMSF industry and all software providers know that data feeds tend to make funds more efficient to administer,” Forbes noted.
“We built this share pack into our base price as we want all our customers to benefit from the efficiencies of contract note data and registry feeds.”
These data feeds enable SMSF trustees and users to import accurate, real-time data about their investments, the securities they own and transactions performed by brokers for reporting and compliance purposes.
To that end, Forbes noted the use of data feeds simplified the administration of funds for SMSF trustees.
“From a trustee perspective, the more data that is fed, it’s more likely that a fund will be launched and audited faster with less questions from the auditor to the trustee,” he noted.
“Otherwise all of that information would need to be provided through documentation and often that’s a back-and-forth dialogue between the administrator and the trustee.”
This new price point will also provide access to specialist functionality such as SuperStream ESA, Foreign Assets, Data HeroTM for drag and drop bank statement transaction extraction, time-saving property worksheets and improved crypto processing.
Users requiring a more extensive set of data feeds can obtain access to them via a higher pricing package of $15.75 per month or $189 per year, both excluding GST.
“Most firms will have funds across both price points, so this new tier makes the innovative, new SuperMate even more attractive for those considering switching, as well as bringing savings to existing users,” Forbes said.
Clients will see the amended pricing structure reflected in their May billing.