Financial advisors manage their clients’ money, which is a huge responsibility and as you would expect, fund managers use state-of-the-art software to help them monitor a diverse range of portfolios. In this short article, we take a look at secure cloud-based solutions designed specifically for finance specialists, highlighting the many benefits such a system provides.
- Automated taxation statements – You can dramatically reduce the time it takes to enter key taxation data; from your Tax Lodgement Console, you can track and manage SMSF lodgements across your client base. The screen displays which entities have lodged for that financial year, plus it displays a list of tax statements that require processing, including status and action required.
- Processing corporate actions – The cloud-based system can handle bulk processing of corporate actions, whether simple or complex, using automated data feeds and smart calculators. This makes it much easier to manage your clients’ funds.
- Cutting-edge data feeds – When you use one of the leading Australian SMSF administration platforms, you can access over 200 direct-connect data feeds at no additional costs. ASAE3402 Certification on all data feeds reduce audit complexity and lodgement times.
- Automated financial reports – A diverse range of detailed financial statement reports can be generated on-demand and tailored to meet the client’s needs. You can create report packs that you can send to clients.
- Electronic signatures – Electronic signatures really do save time; the cloud-based software allows you to sign documents digitally, which saves both time and money.
- Actuarial certificates – A single click is all it takes to request an actuarial certificate from a wide range of providers, with the certificate and supporting document returned in super quick time.
- White label client view – The great thing about using a top-rated SMSF management platform is that you can customise client views to make it look like your own brand. Click here to learn about the best content marketing strategies.
- Client messages – The cloud-based platform enables you to message your clients and send documentation, with filtering like emails.
- Member console – This gives you an overall business overview of all SMSF entities from a single interface, allowing you to easily see contribution caps and pension limits. This is ideal for contribution and pension tracking, which you can do at the click of a mouse.
- Automated TBAR console – This brings you bulk event-based reporting, reducing the complexity and records events that need to be reported to ATO, ensuring compliance.
- Cloud-based documentation storage – All documentation can be securely stored on the cloud network, giving you instant access with a smart search function that works seamlessly across all markets.
- Foreign asset support – This powerful feature assists financial advisors who are managing foreign assets in investment portfolios.
If you would like to learn more about cloud-based SMSF management platforms, search the web to find a leading Australian provider who has all the solutions for fund managers and financial advisors; browse the many features on their site and schedule video meeting with a specialist to discuss your needs.
