subscribe to our newsletter
SuperMate launches automated management system for documents

SuperMate launches automated management system for documents

SuperMate launches automated management system for documents
Reporter
12 February 2018

SMSF software platform SuperMate has released a new document management system that utilises augmented intelligence and machine learning to automatically read, categorise and file documents.

The new document management system, available through SuperConcepts’ SMSF accounting platform SuperMate, will enable users to scan or email documents, which are then automatically read, categorised and filed via the new document management system.

SuperConcepts chief technology officer Kurt Groeneveld said the system uses machine learning algorithms to recognise and correctly allocate documents, as any skilled human operator would have done in the past.

“The document management system builds on SuperMate’s existing capabilities like automated bank reconciliation. It does this through intelligent workflow technology, which can deduce the correct approach to processing different situations within a typical SMSF administration operation,” said Mr Groeneveld.

“SuperMate’s new document management system can make a fund ‘audit ready’ with virtually no human input required.”

SuperConcepts said the new system will help auditors with the annual audit of funds as documents are completely text searchable. SuperMate’s Audit API also highlights transactions that don’t have the required supporting documents.

SuperMate launches automated management system for documents
smsfadviser logo
join the discussion

Do your clients plan to add additional members to their SMSF if the new six member limit is passed as law?

SUBSCRIBE TO THE
SMSF ADVISER BULLETIN

Get the latest news and opinions delivered to your inbox each morning

In this month's issue:

  • Time wrap
  • The tech bull run
  • From hobby to passion
  • Golden Years
  • An untimely reminder
  • Why change is so difficult
  • Key Strategies for equalising super