Best Innovative Business Super Feature Best Innovative Super Service
GOLD WINNER SUNSUPER
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.