Payroll Bureaus

Superconnect takes away the administrative and time consuming issues in dealing with superannuation service providers. This product complements payroll platforms who do not have the automated facility to link information and monies electronically to superannuation service providers.

This allows Payroll companies to focus on their core business of HR management.

Integrate Superconnect

The Payroll Bureau then sends electronic files using bank strength encryption to Superconnect who disburse to every superannuation fund including employee’s Do It Yourself (DIY) Funds.

This is a very simple and cost effective solution for the payroll bureau and who in addition do not have to handle the administrative burden of dealing with at least the 500 main superannuation service providers in Australia.

Another significant benefit is their customers do not see or may not even know that the service provider uses Superconnect as it sits in the background.

Other service providers are Accountancy Firms, Financial Planners and Private Corporate Superannuation Funds.

MYOB

Superconnect was engaged by MYOB Australia in year 2000 to develop an Internet-based superannuation clearinghouse to enable users of MYOB software to make payments to many funds on behalf of many employers with one simple click of a mouse button. This required superconnect to work closely with MYOB to develop a "straw man" model, workshop that model, refine the "straw man", work through the various user-interface, operational, technical, and risk management issues and document and implement a final product. This process was an evolutionary one that occupied approximately 5 months.

The solution designed and developed for MYOB had to take into account requirements from different classes of users and provide functionality based on the permissions allowed for those users. It had to take into account a complex database structure to ensure full track and trace of all interactions especially money flows associated with detailed contribution data.

The clearinghouse service has a dedicated automatic link to the payment system of Commonwealth Bank, and provides for online retrieving of employer data by the recipient superannuation fund. It electronically links the desktop of a small business operator to the back end administration system of a superannuation fund. It utilises advanced web technologies and XML messaging to link the different systems together.