Accounting software provider MYOB has entered an agreement with an SMSF administration provider to offer daily bank feeds.
The new service will be available to users of Supercorp’s superMate SMSF solution and will provide daily feeds for over 75 banks, building societies and credit unions.
Supercorp chief executive Kurt Groeneveld said data automation has been the “buzz word of the SMSF administration landscape for several years”.
“While, to date, previous solutions have linked together several direct and intermediary feeds to offer a limited solution, through our new agreement with MYOB, we are the first to offer a single vendor, comprehensive list of fully automated bank data feeds within the SMSF market,” said Mr Groeneveld.
Supercorp will work directly with its clients to assist them in identifying bank accounts that will benefit from this new service.
“Clients can start establishing new authorities immediately, ready to receive bank data from 1 July,” he said.
MYOB general manager for SME solutions James Scollay said he was delighted to welcome SuperCorp to the MYOB family of companies that provide data feeds to accountants and clients.
“The secure data feeds will enable Supercorp to assist accountants in providing sound financial management and advice for their clients,” he said.
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