Industry super funds administrator Superpartners has implemented SAP BPC to better equip the business to meeting regulatory and other financial reporting requirements. Nathan Dukes reports.
Background
Superpartners is the proud partner of industry super funds in Australia. The company has more than six million members with over $75 billion worth of super funds under management, making it the largest fund administrator in the country. The organisation has partnerships with Ausfund, AustralianSuper, Hesta, cbus, and Hostplus, amongst other respected superannuation funds. Superpartners provides the industry super funds with cost-effective administration services to help them assist members through the milestones of their working life as they transition into retirement. Since the early 1990s, the organisation has grown in size and complexity. At the same time demand has increased from managers and regulators for regular financial reporting. In turn, regulatory requirements and strict guidelines for consolidating and reporting company information have become more demanding. Furthermore, the GFC raised the regulatory bodies’ interest in superannuation funds.
Click here to read the full article in the October 2010 edition of Inside SAP.
