Blog & News

We would like to announce the following dates for upcoming Group Training that will be held in all capital cities.

Please note that these sessions are dependent on enrolment numbers.

There will be two sessions each day:

Morning Session (9am – 12pm)

superMate Basic Administration

• superMate Overview
• Set up a Pre-existing fund
• Transaction Entry
• End of Year V Earning Rate Calculation
• Reports

Afternoon Session (1pm – 4pm)

superMate Pensions

• Commence a Pension
• Process Contributions for a member with a TRIS
• Combine an accumulation member and a TRIS and recommence another TRIS
• Convert a TRIS to an Account Based Pension
• Process Pension Payments
• Create a Review Record for a new Financial Year
• Commute a Pension

Participants will be able to attend either or both courses. The courses will be delivered in a lecture style with handouts being available for participants to take away. Courses will be limited in number to ensure a satisfactory learning environment is provided but as mentioned above will only proceed should numbers permit.

Cost Information

$325 (incl GST) per person per session or $550 (incl GST) for the same person to attend both sessions.

Would you like to attend?

If you would like to register, please follow the instructions in the following form:

Registration Form

This session will be held at Clifton’s Training Centres to view more information about Cliftons, please feel free to visit their website http://www.cliftons.com

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Ever wanted to know where your clients are based, quickly and visually? superMate in combination with one of the many tools available on the internet, enables you to extract your clients’ addresses and import them into a Google Map.

Step one: Extract the addresses from superMate. Utilise the Extract Tool in the Multi-Fund – Data Analysis menu. Choose the list of funds that you want the addresses for and use the “Fund Data” extract, making sure you choose the Residential address information.

Step two: Change the addresses into the required format. Open the file that has been extracted into your Dashboard – My Jobs and update the file so that the columns of information match those required by the internet tool you have selected. In our example we will use batchgeo.com and the required format is Residential Address Line 1, Suburb, State, Postcode, Name (you can leave this off if not required). Note that you can leave the heading line in your spreadsheet.

Step three: Load the addresses into batchgeo.com. Copy the data in the spreadsheet, go to batchgeo.com and right click on the spreadsheet area and paste. Then press the Map Now button. It will show you each address while it is processing and the progress through your data set. Since it can take a little bit of time to map a large number of addresses, you might want to try a small set initially. When the map is complete, you can zoom in or out on the map, you should see numbers in an area when it is too crowded to show the pin holder for each address. You then can use a screen capture program (or Print screen) and copy the picture when it shows the information you require.

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Slash time spent and inaccurate data entry with superMate’s fully automated connection with the Bendzulla actuarial system

Following the launch of the superMate – Bendzulla Actuarial service in October, hundreds of funds have already taken advantage of this new actuarial certificate service which is available free to all superMate subscribers.

An increasing number of funds have both accumulation and pension members and so require an actuarial certificate to show the pension exempt component of the fund. Why not get superMate to do it for you? Quickly, efficiently and accurately.

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A new method for loading wraps and platform assets is to be made available in superMate next week. This option will enable you to get all the details of assets and tax parcels automatically loaded into superMate without any extra work.

Previously, the Detailed Platform Asset method was the only method to load asset and revenue transaction details. In the 17th December release of superMate, you will have another option. If you choose the new Tax Parcel method, there is no need to create a specific platform account as the system will use the standard security accounts in the chart; tax parcels will be tracked under the relevant investment accounts; and capital gains and market movement details will be recorded automatically within superMate. If the load file contains a security that does not exist in your chart, an asset and revenue account will be added to your master chart.

For more information on this topic, please refer to the release notes that will be available in superMate from the welcome screen on Monday.

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For the Supercorp User Group (SUG) 2011 we decided to move away from our traditional location on the Gold Coast and we hosted the event in Melbourne. The feedback from participants rated this SUG as one of the best since the first one back in 2001.

It was a great success where delegates not only learned a lot about superMate, but also had the opportunity to interact directly with Supercorp Staff as well as with SMSF professional peers from other firms. For the first time ever we had a session dedicated to superMate’s product roadmap, giving attendees an insight into some of the features planned for the product in the next financial year which will enable them to consider and plan for those coming productivity improvements.

The topics and workshops not only included basic sessions to help those new to superMate to come up to speed but also troubleshooting sessions for complex areas such as end of year closes and pensions and others which highlighted how to implement some of the powerful efficiencies of superMate such as dataloads, standard letters and workflows. We even heard of some attendees who were keen to get back to their offices so they could immediately implement those efficiencies.

We’re looking at making SUG bigger and better in 2012 and if you would like to see a specific topic included in next year’s agenda, please let us know at support@supermate.com.au

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When considering using automated loads of data into your superMate system you need to think carefully about whether you will be utilising clearing accounts in the process or not. One of the key decision points is whether you are utilising more than one data source for the same fund. For example, a load of your banking transactions and a load for the contract notes. If you process like this we would recommend using a clearing account since if it is not utilised, you would end up doubling the information through your cash account.

Will clearing accounts double your workload? No, in fact they will simplify it as the clearing reconciliation tools in superMate mean that you are only dealing with the exception transactions.

What is the differences in setup? If you are not utilising clearing accounts then your transaction load rules in your banking load will need to identify the corresponding asset that is being bought or sold (try to make use of the token). This can be difficult in some cases as some broking firms only put a narration that indicates a buy or sell and not the asset. Utilising the clearing accounts can then make the rules simpler and give you a higher hit rate on the automatic coding, as you only need to identify buys or sells and point it to the investment clearing account. The only other difference is that the secondary transaction accounts for the broking load will need to be set to the clearing account.

To simplify the setup, the Supercorp Team has provided a set of over 400 transaction rules for Macquarie Cash for the non-clearing account method and an equivalent set for the clearing account method. Simply decide on the method, or discuss this with the Support Team, and then we can load them into your database immediately.

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After several months of collaboration, superMate OmniBroker with Reward Super is now ready for use.

From today, superMate subscribers can start gaining the benefits of all share trades being automatically loaded into their SMSF administration system – without effort, without errors.

superMate’s OmniBroker is unique as the only SMSF software able to handle trades from any Australian broker. And don’t waste money on over servicing clients - use it just for those SMSFs who will benefit from the service.

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28 November 2011

Download the PDF here or View the article here

Supercorp's self managed superannuation fund software superMate has teamed up with Bendzulla Actuarial to significantly speed up the delivery of actuarial certificates online.

The new streamlined process for ordering certificates, which relate to exempt pension income, will now take only a few seconds.

According to Bendzulla, advisers will benefit by getting a 2011 SMSF tax return/ documentation completed this year.

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Reposted from www.interactiveaccounting.com.au

In November 2010 Interactive Accounting introduced RSDataWeb & superMate. These two excellent tools enable seamless data integration of banking and investment transactions into an online superannuation financial reporting & tax form preparation platform. This allows the first steps to be taken towards best practice in Super Administration in Australia for tax accountants without off-shoring the work.

Off-shoring is a current trend amongst the Accounting Industry in Australia. It is the view of Interactive Accounting that off-shoring does not improve efficiency or benefits for clients. Off-shoring simply uses cheaper labour to reach greater profits whilst maintaining inefficient processes.

RSDataWeb and superMate, in conjunction with direct bank feeds provided by Xero, will allow for the world's first 100% online Superannuation compliance solution. We are announcing the availability of this solution today.

With this announcement Interactive Accounting demonstrates once again that it is at the forefront of the growing transition towards cloud based platforms for the accounting and tax industry, providing great benefits for clients. In this case, especially for those clients with Self Managed Super Funds, this integration will reduce the costs associated with compliance and help our clients retain their hard earned retirement savings.

New packages incorporating online Superannuation compliance will commence from July 1, 2011. If you are interested in taking advantage of these services should stay tuned to our website or contact our team at hello@interactiveaccounting.com.au and we can have your super up and running prior to 1 July, 2011.

How was this possible?

RSDataWeb, the "Switzerland" of data feed products, is brought to you by Reward Super use sophisticated character recognition templates to turn all matter of financial forms into data that can be used in accounting platforms.

superMate, is brought to you by Supercorp who have been delivering SMSF accounting and tax platforms for the last 25 years. Supermate is their first 100% internet based product and allows accounting reports, tax returns and superannuation documentation to be produced from within it's platform.

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The floods affecting Queensland and Northern New South Wales have not just destroyed homes and infrastructure, but business in Brisbane’s CBD and surrounds also came to a virtual standstill over the last two weeks when evacuations and subsequent power cuts were still in place due to the presence of water near electrical outlets.

For many businesses, this amounted to a week or more of lost productivity and revenue, but for Keersten Plep, SMSF Accountant for the Integrated Financial Solutions (IFS) group of companies, it was business as usual thanks to the company’s decision in late 2010 to upgrade to Supercorp Technology’s superMate software.

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Progress Software Corporation, a leading US based international provider of application infrastructure software, recently nominated Supercorp Technology’s superMate software for Progress’ Innovator Awards.  We were one of only four companies from around the world to receive this highly sought after nomination.  The nomination recognises superMate for its innovative architecture, development with the most advanced software technologies and its deployment through an innovative SaaS delivery model.

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Supercorp are pleased to announce that we will be attending and presenting at this year's Accounting Technology Showcase Australia (ATSA) conference on the Gold Coast from the 21st to 22nd of October. For more information please visit the ATSA website at http://www.fmrcsmithink.com/atsa-2010.html

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The annual Supercorp user Group was run from the 8th to 10th of September on the Gold Coast. The premier training event on the Supercorp calendar for our clients, SUG2010 was a great opportunity for existing clients to learn more and experience our next generation product, superMate. The overwhelming reaction from attendees was that Supercorp have delivered with superMate, with several clients wanting to start subscriptions immediately.

Planning for SUG2011 is already underway and we will be communicating with all clients in the coming weeks with regards to some exciting changes for next years conference.

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Superannuation software specialist Supercorp has established a relationship with Macquarie Adviser Services that will see automated data feeds and interfaces made available to the organisation's specialist self-managed super fund (SMSF) administration application superMate.

The initial automated data feed will see information regarding transactions from individual's Macquarie Cash Management Accounts transferred directly into the superMate system.

Read more here.

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Already ranked as one of the top Elite partners world wide by technology company Progress Software, Supercorp was honored to be chosen as the Australian Partner of the Year.

The win is the result of several years of hard work using leading Progress technologies to develop superMate. From being one of the early technology trial users through to being one of the first regional partners to implement a SaaS based solution, Progress and Supercorp have worked closely together to develop an award winning solution.

Read more about Progress Software here.

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We are currently attending this years SPAA conference in Melbourne and have a booth where you can come along and try superMate for yourself and speak to our sales team. Come and see us at booth 4 and if you mention you read about us on the Blog we will put you down for expedited access to our 30 day trial as places open.

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We are pleased to have followed on from the success late last year of our early trials with the recent implementation of several legacy client systems onto superMate, bringing the total funds now on the platform to around 2000 and this number will rapidly increase over the coming months.

This has been an important milestone to reach as we have now demonstrated that the conversion process from legacy systems can be quick and painless.  There was virtually no disruption to existing operations and the superMate benefits of dramtically improved productivity, ease of use and accuracy were quickly achieved.

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While the up-front price of your SMSF software is one significant part of the cost equation, support is often a hidden cost that is not considered in the initial purchase decision, but can have significant implications to your productivity and ongoing costs later on.

Supercorp have been providing both SMSF Software and industry leading support for over 20 years, but we are not resting on our laurels with superMate. While currently in trial, we have already created over 40 getting started videos to help get you up and running quickly as well as exercises you can follow to learn the most common areas of superMate. Additionally we are already publishing fact sheets and comprehensive online help for the system.

Additionally the Supercorp support desk is staffed by experienced staff who all come from a Superannuation background, most with many years of experience in the Industry already.

Before considering any SMSF Software purchase it pays to consider the total picture when it comes to upfront and ongoing costs of running your software.

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Supercorp made available a dedicated test/trial environment over a three week period for people who had attended our recent Sydney superMate launch. Feedback from the trial has been very positive as test users were given an exposure to features of the new system. Typical comments were “very straightforward and easy to use” and “I like it a lot, especially the workflows”. The Supercorp team has learned a lot about how new users with no prior experience can quickly adapt to superMate and their feedback has been of great value and incorporated in our fine-tuning of the solution.

We are now moving into our more open trial phase with a number of early adopter clients trialling the complete system over the coming weeks giving us the opportunity for more feedback and tuning of the solution.

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Much planning, preparation and last minute nerves has paid of with our successful superMate launch in Sydney last week. Attended by existing clients, users of competitor products, industry members and consultants, all that we spoke to agreed that the presentation "hit the mark" in terms of showing the benefits to their business.

Held at the Sheraton on the Park the launch was an opportunity to showcase some of the productivity benefits that superMate will offer both accountants and financial planners. Presentations also included a company overview and a look at the deployment model for superMate and the advantages offered by going hosted.

Attendees were given an opportunity to ask questions and view live demonstrations of superMate over drinks, with most in attendance taking up the opportunity.

We will shortly be making available some of the presentations from the day on our website so that those of you who were unable to attend can see what you missed. To those that came along on the day thank you for attending our special event and also for the encouragement and positive feedback we received.

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