Managing legislative changes

A major challenge for financial planning software providers is the dynamic nature of the financial system and the requirement to continually update software that reflects up to date legislation and rates.

PrimeSolve simplifies this process via the use of common tables.

*Common Tables *
The common tables found in the administrative settings allows a delegated resource to update legislative changes without having to adjust the existing back end code. This minimises ongoing code maintenance and ensures that the correct resource (typically somebody with financial planning knowledge) can update legislative changes directly.

Example: Low income tax offset

Review the full list of common tables here (see common tables)

Scheduling legislative changes
Expected legislative changes are flagged through the PrimeSolve implementation task bar. This enforces a reminder on PrimeSolve to update legislative changes as they are expected to come due.