So, you’ve managed SuperStream rollovers, are you managing high volume contributions?
1 July 2014 marked the beginning of SuperStream contributions, with electronic delivery of contributions and messages required for employers with 20 or more employees, and smaller companies from 1 July 2015.
Many funds have used a tactical solution to support compliance requirements for SuperStream rollovers that will not deliver the efficiencies, or member outcomes, promised by the SuperStream initiative.
Babel – a fully automated solution for SuperStream message management and compliance – is different.
Babel is Bravura Solutions’ messaging solution, specifically configured to solve the complex messaging issues faced when implementing a SuperStream compliant environment and processes for rollovers and high volume contributions.
Babel is a fully automated SuperStream message management application, supporting both rollovers and contributions. It is an ideal solution for funds with large contribution volumes that are looking to reduce costs, increase automation and meet tough service level agreements (SLAs).
Some things to consider:
- How are you managing your SLAs?
- How does your organisation manage contribution errors?
- How are you managing compliance reporting?
If you don’t have an answer to any one of these questions, you need to reconsider the best way to meet your SuperStream obligations. Click here to find out how Babel can help your organisation comply with and benefit from SuperStream.