Welcome to the Mclowd Practitioner Update.
Introduction
As discussed in previous Updates our focus is squarely on the requirements of higher-volume practitioner users, and engaging with early adopters to refine the software to suit their needs.
Commenting on his participation in this process, Mike Bart from Bart & Co in Sydney had this to say: “The Mclowd Team are close enough to delivering a realistic alternative that it is worth me spending time both with the software and engaging with the Team around my feedback.
Based on the functionality that is currently available, and what is coming down the pipeline, it is appropriate for them to begin charging for access to a dedicated Practitioner Edition, and the $30 price point will be a game changer in terms of the cost structure of any SMSF-focused practice.”
User Administration
Mclowd has now enabled the ability for practitioners to manage staff and client access to (one or more) Funds.
In the future this functionality will be extended to include read / write access and the creation of Groups, further improving workflow within larger firms.
Other Improvements
Based on user feedback the following additional features are also now available in production:
- Automated integration of ASIC auditor data in Fund details
- Splitting out member account balances in all relevant reports
- Removal of inactive bank accounts from reports
Sydney Training Seminar
For the benefit of new users and those considering migration, a Training Seminar will be held in Sydney on Wednesday 25th October.
Seats are limited and early bird tickets are available for a short time.
FY18 WIP Targets
In conjunction with key practitioner clients WIP priorities have been defined through to 30 June 2018.
A summary of these deliverables can be downloaded here, and they form a key plank of our goal of having 10,000 active Funds on Mclowd at the beginning of FY19.
Conclusion
The balance of FY18 will be a critical period in the evolution of Mclowd.
Delivery against the above targets will allow firms such as Super Factory to migrate 100% of their Funds from BGL Desktop to Mclowd.
This milestone will lay a firm foundation for the future growth of the Community, to the benefit of all stakeholders.
Regards
Ashley Porter
Managing Director
Mclowd Pty Ltd