KPMG, one of the Big Four accounting and professional services firms, will use Class Super software in its SMSF administration business.
Class Ltd, which makes Class Super along with Class Portfolio, announced that it had entered an agreement with KPMG.
“The agreement will see KPMG use Class Super in its SMSF administration business and Class Portfolio in its business advisory group,” said the announcement.
Class Ltd CEO Kevin Bungard welcomed KPMG’s decision, saying one of the biggest advantages to using an automated reporting and administration software like Class Super was the potential for business growth.
“Class Super delivers business changing efficiency and automation for firms of all sizes, whether it is a suburban accounting practice with a handful of SMSFs or a professional services giant like KPMG,” said Mr Bungard.
“An automated solution to SMSF administration is no longer a nice-to-have, it has become a necessity,” he said.
“Accountants still using desktop software or manual methods need to put in place a system to enable them to cope with TBAR [Transfer Balance Account reporting].”
Class Ltd, which is listed on the ASX, closed down 4.255% on Monday, to $2.70.