Class Expands Integration with Major Share Registries
Class Expands Integration with Major Share Registries
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Class, a leading accounting software provider, has announced the integration of Automic’s data stream, resulting in comprehensive access to data from major share registries.
This move enhances existing connections with BoardRoom, Computershare, and MUFG Pension & Market Services, and gives Class users access to the share registry data of 97% of Australian Securities Exchange (ASX)-listed companies.
With over 750 ASX-listed clients, Automic is recognised as Australia's leading share registry platform. Share registries maintain crucial records of ASX-listed companies, encompassing shareholder details, holdings, changes in share ownership, shareholder statements, dividend distributions, and various corporate actions.
Class highlights that the direct integration with these share registries automates data ingestion, effectively reducing the need for wealth accountants to manually access these records through registry websites. This automation enhances productivity and efficiency, particularly during year-end audits by providing timely and precise ownership verification for holding balances.
Tim Steele, Chief Executive of Class, commented on the benefits of this integration, emphasizing the increased collaboration and leveraging of Class’s advanced automation capabilities to deliver accurate, real-time compliance.
In addition to the integration with Automic, Class recently incorporated property feed tools including InfoTrack. These tools support nationwide property title searches, certification access, and expanded valuation functions, underpinning Class's commitment to delivering comprehensive data solutions across various sectors.
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Knowledgebase
Asset-Backed Security (ABS): A financial security backed by a pool of assets, such as loans, leases, credit card debt, royalties, or receivables.
