MYOB and Flare’s first product partnership brings superannuation selection capability to MYOB Team customers
06 May 2021
The first collaboration between business management platform MYOB and Sydney-based workplace fintech startup Flare, provides employees across Australia with full digital onboarding, including the ability to make an informed choice of super fund.
This development will see MYOB Team move from a timesheet app, to a complete employee management solution through the inclusion of employee payroll onboarding and superannuation selector functionality. The super onboarding and super fund selection makes MYOB Team the only integrated offering with this functionality on the market.
MYOB Team now empowers employees to submit or update their superannuation, tax and bank details, reducing administration for both employers and employees and eliminating the paper trail in favour of a mobile app.
The super fund selection functionality allows employees to port in a pre-existing superannuation account from any fund, or the option to select a new one with ease.
Andrew Baines, General Manager Financial Services for MYOB, said the MYOB Team updates help employers act upon the proposed Your Future, Your Super Federal Government legislative reforms in a streamlined, efficient way.
“These new onboarding features give employees control of their own super with minimal effort to the employer. Employees can use the app to update their details at any time, which means gone are the days where multiple unintended super funds are created. People can have full command of their superannuation fund.”
Ben Styles, VP Financial Services for Flare, said the MYOB Team partnership would be the first of many from the two leading business platforms, following MYOB’s investment in the startup last November.
“The combined functionality of MYOB and Flare will help businesses ensure their employees have a seamless experience throughout their employment,” Styles said.
“A transparent, informed choice of fund leads to better retirement outcomes for all employees. We’re delighted to be able to provide this vital service to Australians in small businesses across the country through our partnership with MYOB.”
MYOB Team’s new employee onboarding and choice-of-fund features are available now and are compatible with MYOB Essentials and MYOB AccountRight platforms. Information input into the MYOB Team app automatically integrates with MYOB accounting software.
The app can be downloaded here.
For more information please contact:
Collette Betts, MYOB, AU Corporate Affairs Manager
MYOB is a leading business platform with a core purpose of helping more businesses in Australia and New Zealand start, survive and succeed. MYOB delivers end-to-end business and accounting solutions direct to businesses, as well as a network of accountants, bookkeepers and consultants. MYOB operates across three key segments: Small and Medium Enterprises (SME), Enterprise, and Financial Services. For more information visit myob.com or follow @MYOB on Twitter.
A Sydney-based fintech, Flare builds market-leading onboarding, benefits and employee engagement solutions for the workplace, and financial products designed to help Australians live their best financial lives. Over 2500 companies use Flare’s technology to save time, build culture and improve employee retention for their 650,000 workers. Employees can access these solutions through Flare and most leading HR and payroll platforms, and directly through Slate, an innovative workplace financial services brand that helps Australians plan for a secure future. For more information, visit flarehr.com and follow @flareaus on Instagram.