Class confirms link up to all major share registries

Leading accounting software provider Class will now include connections to all major share registries following its integration of Automic’s data stream.

The addition of the Automic data stream to the Class platform, which comes on top of existing integrations with BoardRoom, Computershare and MUFG Pension & Market Services (formerly Link Market Services), will give its users access to the share registry data of 97% of Australian Securities Exchange (ASX)-listed companies.

The cloud-native Automic platform touts itself as Australia’s leading share registry, boasting more than 750 ASX-listed clients.

Share registries are responsible for maintaining records of ASX-listed companies, including records of share owners, their holdings and changes of share ownership, shareholder statements, dividend payments, and corporate actions, among other key records.

According to Class, its direct share registry connections automate the data ingestion process, eliminating the need for wealth accountants and auditors to manually navigate registry websites, and thus further increasing their productivity and efficiency.

The connections also facilitate year-end audits for accountants and auditors, providing. Class says, accurate and timely ownership verification information for holding balances.

Class chief executive Tim Steele said accountants will benefit from “[streamlined] collaboration, leveraging Class’s advanced automation capabilities to provide accurate, real-time compliance”.

The addition of the Automic share registry follows the recent integration of property feed tools, including InfoTrack, enabling nationwide property title searches and certificates and expanded valuation capabilities.