Praemium confirmed today that it would be unveiling its new SMSF functionality at the SMSF Professionals’ Association of Australia (SPAA) national conference, beginning tomorrow in Brisbane.
The new software features will enable SMSF administrators to undertake fund compliance tasks, including tax lodgement, from within Praemium’s V-Wrap software.
Praemium CEO Michael Ohanessian noted that this development had been driven by clear feedback from the Praemium client base.
“SMSFs constitute a significant share of investment accounts on our V-Wrap and SMA platform. Our clients use Praemium for the excellence of our investment administration capabilities, but SMSF administrators have historically had to export investment data into third party SMSF compliance packages, often a time-consuming and complex process. Our new functionality will enable all SMSF compliance tasks to be undertaken within Praemium software, obviating the need for data exports,” Mr Ohanessian explained.
“We have the market leading technology for portfolio administration. By adding SMSF functionality we will deliver our clients unrivalled efficiencies and performance,” Mr Ohanessian added.
Long-time V-Wrap customer, Sunshine Coast-based Poole Group, has been part of Praemium’s SMSF beta group and has provided feedback throughout the development process.
“Praemium is creating a number of new features that will make our administration easier and our business more efficient. We are especially excited about being able to do everything from within the one system,” Kirk Jarrott, a Partner at Poole Group said.
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