Cloud software provider Class has signed an agreement with wealth accounting group Findex to provide a trust accounting solution for Findex’s family office clients.
This would see Class develop a range of features that would fully automate and simplify complex trust requirements and deliver efficiencies for Findex as well as allowing Findex to accelerate its growth plans in Australia and New Zealand.
Class said it had already improved the administration of self-managed super funds (SMSFs) with its Class Super offering back in 2009 and said it hoped to deliver these same benefits to trust accounting.
Spiro Paule, chief executive of Findex, said the importance of technology within the client-adviser relationship was core part of the Findex business and the collaboration with Class would enhance its client offering.
Class chief executive, Andrew Russell, said: “Class is excited to work with a firm that shares our vision and passion for reimagining how the use of innovative cloud-based technology can transform accounting firms into modern, efficient, client centric organisations.
“This collaboration with Findex clearly demonstrates how much more can be done to enable accountants, administrators and financial planners reimagine their business to achieve much greater efficiencies and enhanced profitability.”