Industry Press

Here's the latest press articles from SyncSoft...

February 2008 - Superfunds - Super Administration Articles - Dawn of a New Era

After a number of years marked more by the struggle to cope with constant industry reform than innovation, administration software is facing a new dawn...

February 2008 - Superfunds - Super Administration Articles - Taking a New Approach

Innovation and creativity are rapidly becoming the buzzwords around new offerings in the superannuation administration software sector...

November 2007 - Super Review with the new super solution

By Lorna Thornber

Melbourne-based financial services software developer Syncsoft has launched a new platform based on as yet unreleased Microsoft technology that it believes will change the way superannuation and wealth management professionals operate.

The XPlatform is based on Microsoft’s .Net Version 3.5 framework – scheduled for release next year – and includes a suite of superannuation and unit trust specific business applications.

Syncsoft chief technology officer Nigel Page described the new platform as "paracetamol for delivering SOE applications".

"Not only does it maximise the latest technologies, it also removes the need for XPlatform developers to build the myriad pieces of software plumbing required for a robust, scalable application," he said.

Page said the platform considerably reduces the amount of time needed for administrative tasks, such as instrumentation, that are not of direct benefit to the business.

"[It] comes with full instrumentation, a set of designers for creating forms, business entities, documented business rules, web services, stored procedures as well as a next generation user interface … for both internal and external users."

Page stressed that the platform is database agnostic, requires no deployment and is easy to manage.

"This is a huge leap forward for business developers because they will be able to focus solely on delivering customer solutions," he said.

Syncsoft co-founder and chief system designer Brett Christie said customers with Capital software are able to upgrade to the new platform quickly and easily.

Syncroft’s current range of superannuation and unit trust solutions (to be known as CapitalX) are the first line of applications to be delivered on XPlatform.

13 November 2007

Original press release from Super Review can be found here.

November 2007 - Financial Standard on SyncSoft and XPlaform

Friday, 09 Nov 2007 12:47PM

IT developer Syncsoft plans to outgun its rivals by creating a software platform for super funds and unit trusts based on Microsoft technology not even available to the market just yet.

Syncsoft claims it is set to revolutionise the superannuation and wealth management market with its XPlatform, which is based on Microsoft’s .Net Version 3.5 framework, not due for general release until next year.

"XPlatform is ‘paracetamol’ for delivering SOA applications. Not only does it maximise the latest technologies, but it also removes the need for XPlatform developers to build the myriad pieces of software plumbing required for a robust, scalable application," said Syncsoft chief technology officer Nigel Page.

Page said a huge amount of time and effort in most software projects is allocated to doing things that are not of direct benefit to the business user, such as instrumentation and monitoring interoperability standards. The XPlatform cuts through all those tasks through its full instrumentation, a set of designers for creating forms, business entities, documented business rules, web services, stored procedures as well as a "next generation" user interface.

The platform is also database agnostic, requires no deployment and is fully instrumented. "All of this is a huge leap forward for business developers because they will be able to focus solely on delivering customer solutions," said Page.

Co-founder and chief system designer Brett Christie said, "It was such a stroke of luck gaining such early access to the next generation Microsoft technologies. We already had some good ideas but couldn’t see how they could be delivered on the prevailing technologies. We wanted a paradigm shift in administration efficiencies not just another copy of current admin solutions in Java or .Net."

"There’s a lot of copy cat products built out there that are using existing technologies, what we’re trying to achieve is to come up with something that is quite different."

Christie said that the platform’s key attraction is its scalability, which should ride on the back of the ongoing consolidation in superannuation and the continuing growth of mega-funds.

"Most of the systems now can’t handle scalability because they are written in old technology. [Ours] can handle administration processing and front office to back office software for five to 10 million members quite easily," said Christie.

Michelle Baltazar

Original press release from the Financial Standard can be found here.

November 2007 - Bobsguide coverage on XPlatform

Long standing industry software developer Syncsoft believes it is set to revolutionise the superannuation and wealth management market with its new XPlatform software product. Syncsoft managing. . .

More at Bobsguide here.

Financial Standard: PSI Super partners with SyncSoft to grow third party admin

PSI Superannuation Management has announced that it plans to grow its third party administration business on the back of a synergistic partnership with technology provider SyncSoft.
PSI said that it selected SyncSoft’s CAPITAL administration system because of its integrated straight through processing functionalities, imaging and workflow tools, web based transactions and automated documentation features. The implementation of the new administration platform involves the migration of 200,000 members onto the new system.
"SyncSoft’s CAPITAL system was the natural choice. Its proven scalability and feature rich product capability delivers a financial services solution for PSI that enables third party administration expansion plans into the full range of superannuation fund types", said PSI chief executive officer, Paul Kolatchew.
SyncSoft said that PSI will benefit from the scale they bring to the partnership. "With more than three million members on CAPITAL, PSI will benefit from the ongoing investment in R&D that SyncSoft commits to maintaining its market leading position. We are pleased to be partnering with PSI and delivering solutions to achieve their strategic business objectives," said SyncSoft managing director, Rory Wainer.

Hamish Madden


Link to Press releasf

July 2005 AGEST appoints Pillar as new administrator

See attached article: news_pressrelease_agest.pdf

SyncSoft launches a range of R & D initiatives, implements a whopping 14 products and takes it all in its' stride.

"Melbourne based SyncSoft sole owner and developer of CAPITAL continues its' significant commitment to R & D and is launching a number of initiatives to further enhance clients integrated solutions."

Link to Press release

March 2004 - Asia Insurance Review

"In most discussions on retirement planning for the longest time, everyone speaks of the three pillars. In this piece, Mr John Parrent, Business Development Manager, Synchronised Software, sums up his passion and in-depth research on the subject with the firm conviction that there exists a fourth pillar which can provide a panacea for the pool of problems in pension reforms. And it is founded on humanitarian simplicity and the practical economics of living longer – retiring later by engaging in work beyond the official retirement age!"

Asia Review Article

October 2003 - Asia Insurance Review PIC special issue

"Globally, we are experiencing an ageing population. There is now an acceptance of the need to plan for retirement in most countries throughout the region. This recognition is from both a government level and an individual level as well. People are living longer, have attained improved standards of living and want more choice and control over their retirement lifestyles"

Asia Insurance Review

October 2002 - Wealth Management in Asia

See attached article: wlthmgt.pdf