Andy Forbes

SuperMate® is delighted to announce that First Financial, a leading wealth management firm based in Melbourne specialising in financial planning and superannuation management services, has selected the upgraded SuperMate SMSF software platform.

This partnership enables First Financial to deliver a more streamlined and integrated solution to their SMSF clients. The enhanced version of SuperMate features a cutting-edge web interface and significantly improved process automation and time saving document transaction extraction.

“First Financial has chosen SuperMate because it provides significant productivity savings with transaction processing, workflow and the new document automation Data Hero® capability. The updated SuperMate also means we can onboard new client funds faster and more accurately than we thought possible,” said Dana Mihajlovic, Senior Manager, First Financial.

Significant investments in SuperMate include advancements in workflow efficiency, Advisor and Client View, Client Queries, Bank Account Verification for fraud prevention, and a wider array of integrations.

“SuperMate is the ideal partner for firms offering SMSF services at scale that seek a technology partner willing to integrate and enable the efficient delivery of positive client outcomes,” said Andy Forbes, Chief Technology Officer, SuperConcepts.

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Andy Forbes

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

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

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

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Andy Forbes

Enterprise Self-Managed Superannuation Fund (SMSF) software administration provider, SuperConcepts, has released a trustee dashboard innovation called SuperMate Client View.

Firms using SuperMate can now offer SMSF clients a refreshed user experience that provides fund trustees with access to key information as well as an all-new communications channel for faster, end-of-year technical query completion.

SuperMate Client View is an enterprise-grade and mobile-first solution that builds on the software’s ability to simplify SMSF, Small APRA Fund and portfolio administration management. The new Client View ensures users stay connected and informed about their SMSF, offering a streamlined approach to trustee engagement.

Andy Forbes, Chief Technology Officer at SuperConcepts, explained the user-centric design philosophy of SuperMate: “Our software is built with the end user in mind, originating from decades’ fine-tuning what and how trustees want to view their data. Designed for administrators, accountants, and advisers, the software simplifies SMSF administration with its intuitive interface, thoughtful design, and cutting-edge features, such as automated compliance checks, integrated reporting, and robust data analysis tools.”

“The new Client View empowers administrators using SuperMate to grant end trustees a personalised SuperMate login and commanding dashboard that expedites the end-of-year lodgement process through efficient query handling,” Forbes said.

This announcement follows a series of impactful updates and enhancements in 20 software releases and over 250 developments since SuperMate’s acquisition from AMP in June. Spearheaded by a hand-picked management team with deep SMSF experience, the revitalised SuperConcepts has made it a priority to improve technology-driven client outcomes.

Matthew Rowe, Chief Executive Officer, SuperConcepts, stated: “The introduction of SuperMate Client View demonstrates our commitment to better serve our clients as a privately-owned business, providing subscribers with a comprehensive tool to inform, engage, and streamline the end-of-year query process.”

Forbes shared the team’s vision for SuperMate and what is next for the software: “Our team of specialists is working on improved corporate actions, broker feeds, workflow and a pilot of ACSISS Adviser for massively extended bank feeds. The commitment to innovation is unwavering, promising an even more robust suite of features for users.”

“SuperMate is not just a software solution; it’s representative of industry change. We believe in more Australians taking control of their superannuation through SMSFs, and accountants using SuperMate are helping make this vision a reality.”

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Andy Forbes

Specialist SMSF administration software provider SuperConcepts has selected ACSISS, by SISS Data Services, as Open Banking partner for their SMSF and Portfolio administration solution, SuperMate.

Open Banking is a legislated initiative that requires Australia’s banks give consumers the option to share their data with accredited third parties. Open Banking is designed to increase competition in the financial services sector, promote innovation and provide consumers with more control over their personal and financial data.

“We’re really excited about the potential of Open Banking and how it will make the SMSF data feed establishment process much easier for everyone involved – from administrators to trustees.” Andy Forbes, Chief Technology Officer at SuperConcepts

Established in 2011, SISS Data Services is Australia’s largest independent provider of secure, customer-consented, bank-approved data; offering both direct data feeds from leading retail banks and open banking access as an Accredited Data Recipient under the Consumer Data Right (CDR).

“ACSISS My Data, our secure data solution, enables consumers to share their transaction data from around 100 banks and financial institutions with their trusted advisers, without sharing their banking passwords.  Accountants and advisers with SuperMate, will soon be able create an automated, daily data feed from ACSISS Adviser into SuperMate,” Grant Augustin, Managing Director at SISS Data Services.

The integration of ACSISS in SuperMate later this year will streamline data feed establishment as well as expanding on the breadth of the 260+ integrations already available.

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Andy Forbes

Leading SMSF administration, education, and software solutions provider, SuperConcepts, has announced a new pricing structure for their self-managed super accounting software, SuperMate.

SuperMate’s new pricing brings all the great features of the newest SMSF administration system on the market and some key data feeds for just $11 per month or $132 ex GST per fund per year.  The data feeds included are Macquarie Cash via ESI, Broker Contract Note service and registry holdings lookups from Link, Computershare and Boardroom.

“We built this share pack into our base price as we want all our customers to benefit from the efficiencies of contract note data and registry feeds” Forbes said.

Included at this price point are all SuperMate’s great features such as SuperStream ESA, Foreign Assets, Data Hero^TM for drag and drop bank statement transaction extraction, our time saving property worksheets, improved crypto processing and more.

Funds requiring a broader set of data feeds can make use of the data feed bundle for an additional $4.75 per fund per month, ex GST.  Resisting inflationary pressures, this brings the top rate for the new SuperMate to $15.75 per month or $189 ex GST per fund per year, a small reduction on the previous rate of $190.

“Most firms will have funds across both price points, so this new tier makes the innovative, new SuperMate even more attractive for those considering switching, as well as bringing savings to existing users” Forbes said.

Existing clients will see the new pricing changes in the upcoming May billing, for the April charges.

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Andy Forbes

Specialist SMSF administration software providers SuperConcepts and Smarter SMSF have announced an integration between SuperMate and the Smarter SMSF documentation platform.

During a recent webinar, Andy Forbes, SuperConcepts Chief Technology Officer and Aaron Dunn, CEO of Smarter SMSF, demonstrated the integration now available to SuperMate clients. “We’re thrilled about this integration and there’s more on the horizon that will leverage the full power of the SuperMate API. Having an easy, frictionless way to order documents is fantastic for our mutual clients,” Forbes said.

The integration allows SuperMate users to link their site to Smarter SMSF’s platform, view their clients and generate from an initial range of SMSF documents. These documents will be pre-filled with the data from SuperMate, reducing manual data entry errors and saving accountants’ valuable time.

“We are excited about the launch of our new partnership with SuperMate. Through the API, users can now seamlessly order documents, including deed upgrades, pensions, and investment strategies. The functionality enables users to automatically set up a new SMSF into SuperMate, which also incorporates our new ABN/TFN integration,” mentioned Dunn.

In the webinar, Forbes and Dunn also discussed the future of the integration, including more document types and pushing both data and documents automatically from Smarter SMSF into the SuperMate system.

According to Aaron, “we see some fantastic opportunities ahead with this two-way integration. With an ever-growing number of documents on the platform, accessing the SuperMate integration will save significant time for SuperMate users, leveraging the expertise built into Smarter SMSF’s suite of documents.”

Users of both the new SuperMate and the older desktop based SuperMate Classic can take advantage of this integration today.

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Andy Forbes

SuperConcepts, the creators of SMSF accounting software SuperMate, has announced the launch of their latest investment portfolio solution.

SuperMate Portfolio is an end-to-end investment portfolio management software for trusts, companies and individuals.

The robust portfolio management solution helps accountants by automating CGT record-keeping and Financial Reporting tasks.

“Many firms are using old, difficult to use portfolio management software, and paying a premium for it. SuperMate is modern, easy to use and very efficient,” Andy Forbes, SuperConcepts Chief Technology Officer said.

The new-look SuperMate Portfolio promises beautiful design, ease of use and greater practice efficiencies.

The software, which is set to be unveiled on 30 November 2022 during an online event, uses the same technology powering the market’s newest SMSF administration software, SuperMate.

“This product enables accountants to enhance their client value proposition – it makes tracking CGT easy and has sophisticated reporting that clients will love.”

The live event will include the end-to-end processing of a portfolio, a demonstration of the automated document data extraction power of Data Hero^TM and an overview of reporting and branding capabilities.

“SuperMate Portfolio works hand-in-hand with our SMSF software – allowing users to administer both SMSFs and Portfolios on one platform, leveraging time-saving features and ways of working across both products,” Forbes said.

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Andy Forbes

Self-managed superannuation (SMSF) education, administration and software provider, SuperConcepts, has released the latest update to SuperMate Classic.

“SuperMate Classic version 4.7.1 introduces a range of improvements aimed at reducing processing times and providing an overall better user experience,” Chief Technology Officer, Andy Forbes, said.

Enhancements have been made to further support cryptocurrency involving simplified processing and an increase in decimal places.

“During a recent webinar we hosted, 60% of attendees reported that they had SMSF clients investing in cryptocurrency,” Forbes said.

The update includes changes to Exempt Current Pension Income (ECPI) functionality and an additional letter template has been added for a Trustee Resolution.

Improvements have also been made to depreciation, including new additions to the depreciation schedule report and linking depreciating assets to properties.

Users will also enjoy updates to the Business Activity Statement (BAS) screens as calculations, report labeling, and preferences have been updated to provide a better user experience.

“We’re heavily focused on redefining SMSF software with our next generation of SuperMate, however we are continuing to develop and improve both platforms – the new SuperMate and SuperMate Classic.”

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Andy Forbes

Specialist SMSF administration software provider SuperConcepts has introduced a data feed which welcomes Mason Stevens to the SuperMate ecosystem.

“We’re thrilled to be partnering with the winner of Adviser Choice’s 2022 ‘Platform for Best Adviser Support’,” Chief Technology Officer, Andy Forbes, said.

This integration will provide SuperMate users with a daily transactions feed of all domestic and international investments, SMA details and holdings reconciliation.

The service also supports a full transactional history simplifying the establishment process on SuperMate.

“Whilst the new service integrates seamlessly into both SuperMate Classic and the new SuperMate we have been able to make the most of the richness of the Mason Stevens data in with our new Foreign Asset and Foreign Currency functionality in the new application.” Forbes said.

SuperMate currently has over 260 integrations and Mason Stevens is just the latest in a rapidly growing pool of partners.

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Andy Forbes

Specialist self-managed super fund (SMSF) software provider SuperConcepts has achieved its first significant milestone with its new iteration of SuperMate, having onboarded the first 1,500 funds onto the platform.

The next generation of SMSF software was launched in February and SuperConcepts is thrilled to announce it has taken only a few short months to reach this goal.

“We know we’ve got the most exciting software in the market right now and it’s great to see that so many businesses have shown confidence in our product,” Chief Technology Officer, Andy Forbes said.

As well as the first new funds on the platform, SuperConcepts is currently in the process of onboarding another 2,000 new funds over the coming few weeks from committed sales.

Daniel Silvestri, Principal, Silvestri Chattered Accountants said, “We’re thrilled and excited to be one of the first users of the new SuperMate and are already seeing significant increases in productivity.”

The web-based accounting software has completely rethought process and screen design to make SMSF administration easier than ever.

The intuitive interface and increased automation, with tools like DataHero^TM that can automatically extract transactions from documents, boost practice efficiencies.

Traditionally migration has been a painful disruption to administration firms who are already managing challenging workloads.

“SuperMate’s onboarding process, which has been a strong focus throughout the development, has well and truly been put to the test and is backed by our Migration Concierge Team,” Forbes said.

“We’re very confident in our ability to deliver a fast transition to SuperMate, so much so that we’re looking at how we can implement a guarantee scheme to this effect”

Silvestri echoed this by saying, “the migration process was surprisingly smooth and the dedicated support the firm has received from our Customer Success Manager has made onboarding seamless.”

With the new SuperMate, SuperConcepts has restarted the innovation curve and its software will continue to evolve.

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