IQ Business Group has partnered with software company OpenText to improve its information governance and document management capability for super funds and financial services clients.
IQ will include OpenText’s Enterprise Content Management programs within its software, and its staff will undergo training to familiarise themselves with the OpenText software.
The new software partnership will help super funds manage their compliance and information governance requirements, as well as manage the information of fund member and employees, the company said.
IQ will integrate OpenText’s paperless technology and record management software, built on the Microsoft Sharepoint platform, with its own Microsoft Solutions software that was launched in 2010.
IQ also hired sales manager Avron Welgemoed to drive the sale of IQ’s Microsoft Solutions software, including the Microsoft Sharepoint platform. He will also be responsible for helping clients reduce their operational risk and improve their technology efficiency.
The partnership with OpenText was timely as super funds needed to be able to control burgeoning amounts of complex information for archiving and customer service, IQ chief executive Graham Sammells said.
Managing that information was a key driver of profits for super funds, he added.
The new partnership will make it easier for IQ’s clients to find, manage and store information, according to Sammells.
The hiring of Welgemoed boosts IQ’s growth plans in paperless technology for its super fund and financial services clients, he said.
Super funds have built on early financial year momentum, as growth funds deliver strong results driven by equities and resilient bonds.
The super fund has announced that Mark Rider will step down from his position of chief investment officer (CIO) after deciding to “semi-retire” from full-time work.
Rest has joined forces with alternative asset manager Blue Owl Capital, co-investing in a real estate trust, with the aim of capitalising on systemic changes in debt financing.
The Future Fund’s CIO Ben Samild has announced his resignation, with his deputy to assume the role of interim CIO.