Welcome to the Mclowd Practitioner Update.
SMSF practitioners continue to increase their engagement with Mclowd, and we have been fortunate to have received a substantial investment from two administration firms, who between them have nearly 1,000 Funds on BGL Desktop.
This funding will support a ramping up of our development efforts in response to a growing body of active users, and in the process get these particular firms to 100% active migration.
As part of the evolution of Mclowd we will in the coming months release a dedicated Practitioner Edition of the software.
This version will be designed for high volume users, and will incorporate the following functionality by default:
- Centralised transactional interface
- Macquarie CMA integration
- Bank data via DDH Graham
- Broker data via a direct feed from Commsec
- Online lodgement via our Partner LodgeIT
As per the updated pricing page, this version will attract an annual licence fee of $30 per Fund ex GST.
The Premum version – at a cost of $70 per Fund ex GST – will include the above, as well as the other bank and broker data feeds available via our Partner SISS Data Services.
(Of course practitioners who choose to do so may continue to use the existing interface to manage multiple funds at no charge).
To make it easier for practitioners to calculate the annualised savings being targeted by Mclowd, we will also publish a calculator to the website.
Mclowd is committed to continual improvement of the offering, and in due course providing the most cost-effective, cloud-based SMSF accounting solution in the market.
Mclowd’s unique operating model will underpin not only this outcome, but also the profitability of Mclowd Pty Ltd itself.
Any firms or individuals who are interested in participating in the growth and success of the Community via an equity interest in Mclowd are welcome to contact me.
Mclowd Pty Ltd