This improves self-service and efficiency for members, and provides scale and reduced cost for funds.
The latest version of Acurity provides superannuation funds with increased automated online and app-based services to reduce manual and paper-based systems. This includes:
Acurity 17 also ensures funds continue to meet a significant range of legislative and compliance changes, directly addressing several hundreds of superannuation amendments in the 2017 Federal Budget. Delivered as part of the Acurity maintenance arrangement, the enhancements remove a large portion of risk for funds, helping them meet compliance requirements cost effectively.
IRESS’ General Manager of Superannuation, Jeff Hall, said the changes allow clients to significantly improve the member journey, data quality, and deliver a new benchmark for member experience.
“Acurity 17 delivers on our goal to continue to personalise the member experience across all service channels, including online, through call centres and using the Acurity mobile app. That experience is underpinned by the most advanced level of straight through processing functionality delivered to date.
”We are currently focused on further initiatives for the Acurity platform including further integration between Acurity and XPLAN. An integrated platform and member interface will provide superannuation funds with the ability to design and implement a range of digital advice options, best suited to support the changing retirement investment goals of members throughout their lifetime.”
Latest Acurity updates released:
Features include updated technology for improved online access and usability, as well as database improvements to performance and security. Additional updates continue to transform the super platform with the ability to integrate an online identity check, online benefit payments to bank accounts and support for automatic account consolidation.
Legislative enhancements are centred around the SuperStream processing environment, including contribution and rollovers, integration with ATO validations and support for recent Federal budget initiatives.
Cathryn van der Walt
Telephone: +61 (0)402 327 633
Leading Papua New Guinea (PNG) financial institution Kina has expanded its implementation of IRESS’ Acurity Online, a new member and employer online facility, for more than 700,000 members.
Statewide Super and IRESS have partnered to complete the implementation of its Acurity superannuation administration platform which has seen a large number of members access their super information online.
IRESS today announced that it has launched an ebMS messaging service that provides superannuation funds with a verified integration pathway to send non-financial data directly to the Australian Tax Office (ATO).
IRESS Limited announced statutory net profit for the 12 months to 31 December 2017 of $59.8 million, up 1% over the prior year.
IRESS XPLAN now integrates with SuiteBox. Advisers who use XPLAN can meet and transact with clients virtually through leading digital workspace SuiteBox.
IRESS has today announced it is enhancing its training offer to include CPD point accreditation, as well as a new program of structured learning pathways.
Australian technology leaders, IRESS and Lucsan, today announced a partnership that will accelerate the application of RegTech in the financial services landscape.
New benefits for advisers using XPLAN’s Financial Knowledge Centre have been added in the latest version of XPLAN, including the ability to initiate distribution of content directly from XPLAN and an audit trail for fee disclosure statements.
IRESS today announced that ASX-listed wealth management, financial advice and insurance group, ClearView, has selected XPLAN Prime as its objectives-based, scaled-advice solution.
IRESS will release a next generation online advice offering for XPLAN clients from early 2018 to enable financial advisers to further engage with clients during the advice process. .
IRESS has launched XPLAN iAssist to further strengthen support available to XPLAN users.
IRESS and the National Stock Exchange of Australia (NSX) today announced that clients of IRESS will be able to trade securities listed on the NSX through IRESS.