SMSF managers will benefit from more automated data feeds added to the Class Super platform.
Self-managed super fund (SMSF) administration platform developer Class Financial has expanded its automated data feeds to four new clients.
The new feeds will cover transactions for clients of Oasis, St George Bank, UBS and Bell Direct, and brings the total number of automated feeds used by the Class Super platform to 27.
Automated data feeds allow information to be directly funnelled from a client's transactions with particular financial institutions to their SMSF platform.
"The input and updating of data into SMSFs has long been a source of frustration and inefficiency for SMSF managers, whether they are administrators, accountants, adviser groups or simply a mum and dad managing their fund," Class Financial chief executive Richard Barber said.
The inclusion of further data feeds means users are able to process in one day what used to take them almost two weeks, and have more time to focus on strategy and compliance, Barber said.
"The bottom line is that SMSFs are managed faster, better and cheaper than any other product on the market and the regular addition of no-click data feeds simply increases the gulf between Class Super and other SMSF software products on the market," he said.
"Having taken three years to develop the technology, we know that users who use our solution will enjoy Class Super's processing and administration advantages long before there are other solutions in the market."
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