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Small proportion of SMSF accountants online
Only a fifth of self-managed superannuation fund (SMSF) accountants have client-accessible information online, a report shows.
However, almost half (47 per cent) said they would be keen to adopt the technology in the next few years, according to the OneVue / Investment Trends 2013 SMSF Accountant Report.
As demand for real-time access grows, OneVue head of strategy, sales and service David Storm said accountants who offer the option could have a competitive advantage.
"One of the big pushes we've seen in the SMSF sector has certainly been around cloud-based computing solutions, particularly when it comes to administration efficiencies, greater accessibility and providing more timely information," he said.
"Everyone catering to the SMSF industry right now is trying to stay ahead of the pack in terms of the provision of online technology solutions, with some of the larger institutions spending millions of dollars to update legacy systems so they can in effect catch up to those leading innovation."
One in four survey respondents said they would be more likely to move into the online service space if they had data security assurance.
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