Blog & News

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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We are pleased to have been selected by evotv for a video presentation focusing on superMate and its Industry changing approach to SMSF Administration.

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superMate has been in the press of late with several articles highlighting the changes it will bring to the Industry. You can find links to the most recent articles on our Press Releases page.

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