Wealth management firm BT Financial Group's Wrap platform has released a superannuation contributions tracker that lets advisers generate updated contributions reports for super clients.
"This report allows advisers to monitor their clients' contributions accurately and efficiently, but also enables them to proactively manage opportunities by identifying clients who are yet to maximise their contributions for that financial year," BT Wrap head of product Nick Bowley said.
"The super contributions tracker allows advisers to generate a report and view, at a glance, their clients' super contribution position for the current financial year and up to the past five years.
"Previously, this was a manual operation which was both time consuming and more prone to error."
The new functionality's features include the option to monitor various contribution types, such as personal and employer super in one report, contribution data history since 2007 and the ability to review a certain period or financial year with clients.
"Having the functionality to help advisers manage this complex administration task is crucial to the platform's role in the adviser's back office," Bowley said.
