AU: NowInfinity collaborates with Class and Xero to deliver an industry-changing application for Self Managed Super Funds

NowInfinity has announced it has developed a two-way integration to Class to deliver all aspects of the establishment phase of Self Managed Super Funds (SMSFs), limited recourse borrowing arrangements as well as building and running real time SMSF Pensions and Reserves. Document generation, ABNs, TFNs, company reporting become an automated process, reducing time expenditure and significantly improving accuracy and integrity of superfund strategies.

The NowInfinity and Class solution provides accountants, financial planners and others involved with SMSFs with a smart, streamlined solution for the dynamic processing of a wide range of all important SMSF strategies.

The platform also connects with Xero Practice Manager such that once a client record is created in Xero Practice Manager, the same data can be used to establish and drive strategies through NowInfinity. The data is seamlessly transferred to Class and the fund automatically loaded ready for administration.

Grant Abbott, Director of NowInfinity said: "With traditional manual processes it can take several days to set up an SMSF trust deed, and up to 28 days to obtain an ABN or TFN from the Australian Business Register. This new solution reduces the time involved in completing these fund establishment tasks to only minutes - saving time, costs and enabling the accountant or financial planner to focus on providing strategic advice and better service to their clients. More complex strategies such as limited recourse borrowing arrangements can be completed in minutes not days."

Class Super CEO, Kevin Bungard added: "The NowInfinity integration with Class Super provides accountants and financial planners with a complete and streamlined solution for fund establishment, document generation and administration. The solution will help drive innovation and change in the SMSF industry, changing traditional work practices and significantly boosting productivity."

Class and NowInfinity will be demonstrating the new integration, along with the Xero Practice Manager integration, at Xerocon, which takes place 21-22 August at Sydney Olympic Park.