Best In­no­va­tive Busi­ness Su­per Fea­ture Best In­no­va­tive Su­per Ser­vice


Money Magazine Australia - - CONTENTS -


It’s quick and easy for em­ploy­ers to make con­tri­bu­tions to their work­ers’ su­per ac­counts

Aser­vice that makes it eas­ier for em­ploy­ers to pay su­per con­tri­bu­tions, sav­ing them hours of repet­i­tive work, wins this year’s in­no­va­tion award. Sun­su­per’s Beam is a straight-through trans­fer sys­tem that en­ables con­tri­bu­tions to an em­ployee’s nom­i­nated fund with­out the need to ex­tract pay­roll data or visit third-party clear­ing house por­tals.

Su­per­an­nu­a­tion will be au­to­mat­i­cally cal­cu­lated and tracked when em­ploy­ees’ pay is recorded; then when it’s time to make a con­tri­bu­tion em­ploy­ers can pro- cess their pay­roll in a sin­gle batch at the click of a but­ton.

To en­able Beam, em­ploy­ers have to be con­nected to Sun­su­per’s pay­roll part­ners and com­plete a four-step sign-up wiz­ard to start us­ing the ser­vice through their ex­ist­ing pay­roll soft­ware.

There are mul­ti­ple pay­ment op­tions in­clud­ing EFT, BPAY and di­rect debit, as well as a new faster op­tion called Di­rect to Fund, here the em­ployer makes an EFT di­rectly to each fund, re­duc­ing the time it takes for con­tri­bu­tions to get to em­ployee ac­counts.

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