SuperConcepts has added an integration for users of Macquarie Bank’s cash management account into its SMSF software, SuperMate.
According to SuperMate, this integration will simplify the SMSF establishment and administration process by eliminating the need for manual data entry for those with Macquarie Bank cash management accounts.
“SuperMate is known for its intuitive and user-friendly design, consistently setting the standard for SMSF software. Account opening and automatic saving of account details in SuperMate will save valuable time for SMSF administrators, advisers, accountants and their clients,” SuperMate chief technology officer Andy Forbes said.
SuperConcepts has now incorporated over 580 integrations from third-party providers into its SuperMate platform. This includes an agreement with SMSF auditing firm ASF Audits signed in February that allows users to send funds for an audit and receive a report within the program without any manual processes.
Earlier this week, SuperConcepts also signed an agreement with accounting and advisory firm BDO to provide its clients with access to quality SMSF administration services.
Additionally, in August last year, SuperMate entered into an enterprise service agreement to handle the SMSF small Australian Prudential Regulation Authority fund (SAF) clients of Australian Executor Trustees. These clients were transferred after Equity Trustees purchased Australian Executor Trustees and decided to no longer handle SMSF and SAF customers internally.
These updates and partnerships follow a change of ownership in July 2023 when AMP sold SuperConcepts to a private management group for $8 million.
