IRESS says it has launched the service in response to the ATO moving from periodic reporting requirements to near real-time reporting of superannuation events and transactions.
The ebMS messaging service is designed to support ATO message flows to enable super funds to meet reporting and compliance obligations - Member Account Attribution Service (MAAS), the Member Accounts Transaction Service (MATS), SuperTICK (STIC) and Supermatch (SMAT).
IRESS says the ebMS solution, as a managed service, provides a cost effective, compliant, resilient and robust messaging solution that eliminates the need to use multiple system interfaces.
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.”