IRESS today announced that it has launched an ebMS messaging service that provides superannuation funds with a verified integration pathway to send non-financial data directly to the Australian Tax Office (ATO).
In response to the ATO moving from periodic reporting requirements to near real-time reporting of superannuation events and transactions, the IRESS ebMS messaging service supports ATO message flows to enable super funds to meet the following reporting and compliance obligations: Member Account Attribution Service (MAAS), the Member Accounts Transaction Service (MATS), SuperTICK (STIC) and Supermatch (SMAT).
Provided as a managed service, IRESS’ ebMS provides a cost effective, compliant, resilient and robust messaging solution that eliminates the need to use multiple system interfaces. The messaging service can be used across funds and different registry systems.
IRESS’ General Manager of Superannuation, Jeff Hall said: “Our goal is to provide solutions that streamline our clients’ operations, enabling them to focus on delivering value to members. The expansion of superannuation reporting obligations led us to consider what technology and automation answers could be delivered to eliminate and improve on current operations.
“By introducing the IRESS ebMS messaging service with native integration on Acurity, we can improve quality and timeliness of super fund reporting to the ATO, reducing risk and improving efficiency.”