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read moreMYOB joins forces with SMF to deliver super choice solution
Stan Beer
Wednesday, 04 May 2005 08:30
Accounting software provider MYOB Australia (ASX:MYO) and Select Managed Funds Limited (SMF) will work together to simplify the introduction of super choice legislation for MYOB customers.
SMF has integrated its Spectrum Super product with MYOB payroll and MYOB M-Powered Superannuation to enable over 100,000 MYOB customers access to use this as their default fund, meaning businesses can more easily meet their super choice obligations.
M-Powered Superannuation enables business owners to submit contributions to any employee's superannuation fund straight from within their MYOB payroll software.
A significant proportion of small businesses believe the introduction of super choice will be an additional burden to their business. Additional compliance burdens on business, however, provides opportunities for accounting software companies to provide products to lessen the load.
MYO shares closed unchanged on $1.05 on moderate volume.
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