Beam - Superannuation integration

If you are looking to be able to pay your employees and manage their superannuation payments all in one place, the Beam x foundU integration might just be the tool for you. 

Benefits for your business:

• Enjoy the ease of viewing, managing and paying your employees' superannuation all from your platform. No more exports and imports! 
• Feel the relief of knowing your payments are secure, with multiple layers of protection to safeguard the privacy of your business and employee information. 
• Save time and make your super payments in minutes.
• Easily track errors in employee super payments, with these highlighted clearly to you within your platform. 
• Seamlessly keep track of refunds and refund reasons when there is a data mismatch or when employee superannuation account details are incorrect. 
• With no sign-up fees or hidden costs, your finance team will be ecstatic to have this zero-cost feature. 

Want to learn more about how the Beam x foundU integration can benefit your business? Book a demo here!

The Beam integration makes paying your employees' superannuation quicker and easier for you. So it makes sense that you can select to register and manage this directly through your foundU platform! 

Before registering your business with Beam, if you have any pending superannuation batches you do not want to pay through Beam, you will need to process them before proceeding with the steps outlined below. 

  Please note: Once you have registered with Beam, the option to download your super batches into a Supersteam CSV will be unavailable. 

To register for Beam:

1. From your main menu, navigate to Payroll Settings > Superannuation. 
   • Additionally, you can also access this page from your Superannuation payments page by selecting the settings cog icon.
     
     
2. Select Beam from the left side menu, or scroll down to the Beam section of the page. 
3. From here, select + Register Entity, then find your business's paying entity in the drop-down box that appears, then press Register for Beam. This will take you off your platform and to Beam's website to complete your registration. 
   
     If you need guidance on understanding how your paying entities are displayed here, please refer to our guide here. 
4. Complete each of the 4 steps to set up your Beam account. You will be prompted to enter the following information:
   • Business details - Your ABN and business name should be pre-filled from foundU. You will need to further supply your business address and contact details. 
   • Payment method - Select whether you intend to pay by Direct Debit. If selecting Yes, you will be prompted to enter your account details. 
   • Default fund - Enter your business's default super fund to automatically create new members when you bring on new employees with no existing super fund set up. 
   • T&C - Make sure to review the terms and conditions before selecting the checkboxes to agree. 

5. Once you have completed the 4 steps, select Next, and you will then see a final Beam confirmation screen: "Congratulations! You're now ready to manage super in your payroll with Beam." 
   
   You'll then need to select the back to foundU button to save and complete the registration. This will return you to your foundU settings. 

   

6. From your foundU superannuation settings page, you will be prompted to update your refund account details before you can process a payment via Beam. When entering the refund details, you'll need to add:
   • BSB
   • Account number
   • Account name
     • Your refund account details will display once saved. Direct debits will only display the last 3 digits of your account number. 

  Hot tip: You can return to this page at any time to update your business's details or refund account. You can also register another entity if your business brings on or has multiple paying entities attached. 

  Now that you have your Beam account set up in your platform, check out our guide to Paying super via Beam. 

How much does Beam cost?

Beam is completely free, with no registration fee's or hidden costs, its a finance team's dream! 

How long do I need to wait before I can start paying super with Beam?

Once you have registered with Beam there is no wait time, your connection is complete. If you have any pending super packets in your platform, you will be able to pay them right away!

How long does it take for superannuation to be paid to the employees' super funds?

Depending on your chosen payment method:

• Direct debit – Funds debited from the nominated account will be sent to nominated superannuation fund/s within five business days, which includes the time it will take for the funds to clear.
• EFT – Funds paid by EFT will be sent to your nominated superannuation fund/s within three business days of us receiving both your contribution details and correct payment.
• BPay – Funds paid by BPay will be sent to your nominated superannuation fund/s within three business days of us receiving both your contribution details and correct payment.

How am I notified if a refund comes back to us?

If an automated refund occurs, you will receave a notification from your foundU platform with details including:

• Which employee the refund is for
• The amount refunded
• The reason for the refund

You can learn more about the other Beam notifications you may receive from your platform, in our guide here. 

My platform has multiple paying entities. Can I set up Beam for each one?

Yes, you can definitely set up a Beam account for each individually paying entity within your foundU platform. 

You can do this by navigating to Payroll Settings > Superannuation, scroll down and select + Register Another Entity.

Will Beam support Pay Day super?

Beam is leading the way when it comes to Pay Day super, and is ready to face all the challenges that could come your way. 

Check out their post on how to Get Ready for Payday Super.