Self managed super fund software tool, superMate has upgraded its offering to help minimise the administration work of actively traded share portfolios by 30%.
Financial advisers can now customise transaction feeds from platforms and brokers to receive accurate and up to date data by the next business day.
According to Supercorp business development manager David Mendelovits, valuable time has traditionally been spent on manually updating share sales and purchases, making it difficult for trustees to get an accurate picture of their Self managed super fund (SMSF) Australian equity holdings.
"We believe that accountants and advisers who are involved in administering SMSFs with actively traded share portfolios, will experience time and cost savings of around 30% by automatically getting the right information each day," he said.
superMate accesses automated transaction data loads from Macquarie cash and wrap accounts, BT Wrap, E*Trade and its own OmniBroker service.
Mendelovits told Financial Standard that new features include the access to more data feeds, automated service for actuarial certificates and minimal work on data entry so accountants and advisers can do actual client based work to maximise return.
Supercorp also developed Superfund and SuperVisor II Superannuation Software. It has been providing SMSF software and administration for more than 20 years.