Offshore Software Development for Online Self Managed Superannuation Fund Management

Client Overview
A newly established online financial services provider in Australia approached RayooTech for a completely automated and robust IT solution in order to provide her customers with convenient and high quality services for managing their Self Managed Superannuation Fund.

Project Overview
This client is the first company in Australia to provide online services to simplify the process of managing a "Self Managed Superannuation Fund" abbreviated as SMSF. SMSF is a self managed pension fund management, however, in order to manage it, a certain level of skills and resources are required. In the current Australian market, there are no adequate tools to help people manage their own SMSF. In most cases, you just have to contact an accountant at the end of financial year to sort out your SMSF in order to maximize the benefit. Then two possible problems arise. First of all, users have no real-time knowledge of the performance of their fund; secondly, it's quite a time consuming process for an accountant to go through annual data of a fund. This makes the potential cost of these resources quite high.

Solution from RayooTech
The whole system, including designing, coding, testing, deployment and documentation, was well done by RayooTech professional development team. Based on Microsoft .NET technology, RayooTech developed a smart e-solution which largely simplified the process of managing a SMSF by automating most of administration tasks for the user thus minimizing the skills and resources required, such as allowing user to setup straight processing rules (STP) to process day to day transactions on the fly; automatic transaction checking and error correction to avoid mistakes; smart notification service to keep users informed of their SMSF in real-time; automatic year end accounting to help the user maximize their income with minimum efforts; professional and intelligent portfolio reporting to assist users tracking investment decision and a flexible configuration to allow both professional users and the general public to run SMSF in their own way.

Environment