Cloud software solution provider, Class, has added a beneficiary accounting functionality to Class Portfolio to help increase efficiency in accountants' work processes.
The functionality allows accountants to set up discretionary trusts and add beneficiaries in Class Portfolio. Class said auto journaling allowed the system to select the correct general ledger accounts and automatically posted journal entries to same time.
Class chief executive, Kevin Bungard, said: "Our goal is to enable accountants to achieve the same levels of processing efficiency and timely reporting across all the entities in which their clients hold their wealth."
"This unique solution is set to deliver significant benefits to the industry," he said.
Blue Owl Capital, a US asset manager with its eye on ‘marquee investors’ like super funds, has announced the appointment of a senior Future Fund executive as its newest managing director.
The Association of Superannuation Funds of Australia has appointed a new director representing industry funds, among a number of other appointments in recent months.
The Association of Superannuation Funds of Australia has tapped an experienced public policy executive as head of policy and advocacy.
The firm has welcomed an experienced financial services executive, who helped establish Vanguard's superannuation business, as its new chief financial officer.
Add new comment