Time poor and super admin taking longer than you want? Beam could be what you’ve been looking for.
Resulting from employer feedback on wanting an easier way to pay super, Sunsuper launched Beam in 2018 – a secure, time-saving platform that delivers new levels of efficiencies to existing payroll processes and super payments.
How does it work? Beam is essentially a digital product that makes processing super contributions simple by enabling employers to manage their super payments and business reporting through a single platform.
By using a payroll software provider that offers Beam, employers no longer have to leave their payroll software or go to multiple super funds’ websites to pay their employees’ super. Instead, Beam’s innovative payment solution integrates clearing house and Single Touch Payroll (STP) services within the software, so that it’s embedded within the one payroll.
- One-stop shop: if an employer uses Beam, the superannuation section of their payroll becomes a one-stop shop for all their super contributions and they can pay super to any super fund without leaving their payroll software.
- Data entry made easy: Beam finds and pulls super-related employee data to assist with submitting super payments, checking employee data, adding new staff or terminating payments for staff who leave.
- Prompt notifications: Beam’s validation service provides immediate notification of data issues before submission with end-to-end visibility of super contributions, including contribution notifications and payment notifications.
- Efficient processing: Beam’s direct-to-fund payment option ensures that super contributions hit employees’ super accounts more efficiently than non-integrated platforms.
Beam is yet another example of Sunsuper’s commitment to employers. As a recognised innovative product that’s changing the way employers and payroll staff manage their super obligations, Beam has been awarded Money magazine’s Best Innovative Business Super Feature 2019, SuperRatings Best New Innovation 2019, Conexus Financial Superannuation Awards 2019 – Innovation and Transformation Award, and Canstar’s 2019 Innovation Excellence Award.
To find a software provider that offers Beam, go to beamconnect.com.au/partners
Disclaimer The issuer of Beam is Precision Administration Services Pty Ltd (ABN 47 098 977 667, AFSL No.246 604), wholly owned by Sunsuper Pty Ltd (ABN 88 010 720 840, AFSL No. 228 975) as Trustee for the Sunsuper Superannuation Fund (ABN 98 503 137 921). The information contained is general information only and does not take into account your objectives, circumstances or needs. You should not rely on this information as a substitute for professional advice. Information provided in this document does not constitute financial or other professional advice and should not be relied upon as such. You should not rely upon this information without obtaining financial or other professional advice. You should consider your objectives, circumstances and needs, and consider getting financial or other professional advice, before making a decision. You should read the Product Disclosure Statement before deciding whether to acquire, or continue to hold, any financial product.