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Home News

SuperMate streamlines integration with Macquarie Bank’s Cash Management Account

SuperMate has announced an integration with Macquarie Bank’s Cash Management Account (CMA) that will streamline the SMSF establishment and bank account opening process.

by Keeli Cambourne
July 19, 2024
in News
Reading Time: 1 min read
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This integration assists SMSF establishment with Macquarie CMA opening in SuperMate, eliminating the need for manual data entry and dual keying.

“SuperMate is known for its intuitive and user-friendly design, consistently setting the standard for SMSF software,” said Andy Forbes, chief technology officer at SuperMate.

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“Account opening and automatic saving of account details in SuperMate will save valuable time for SMSF administrators, advisers, accountants, and clients”.

SuperMate is focused on improving supply chain interactions for efficiency, recently announcing a one-click audit integration with ASF Audits.

Earlier this week, SuperConcepts also signed an agreement with accounting and advisory firm BDO to provide its clients with access to quality SMSF administration services.

In August last year, SuperMate entered into an enterprise service agreement to handle SMSF small APRA fund (SAF) clients of Australian Executor Trustees.

These clients were transferred after Equity Trustees purchased Australian Executor Trustees and decided not to handle SMSF and SAF customers internally.

These updates and partnerships follow a change of ownership in July 2023 when AMP sold SuperConcepts to a private management group for $8 million.

Tags: NewsSMSF PlatformsSuperannuation

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SMSF Adviser is the authoritative source of news, opinions and market intelligence for Australia’s SMSF sector. The SMSF sector now represents more than one million members and approximately one third of Australia's superannuation savings. Over the past five years the number of SMSF members has increased by close to 30 per cent, highlighting the opportunity for engaged, informed and driven professionals to build successful SMSF advice business.

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