SAFETY IN THE CLOUD
“ Recreo is the first company to do superannuation administration in the cloud ”
— Dan Renoux , Head of Product , Recreo content to rest on its laurels , Recreo ’ s teams are setting even more ambitious goals for themselves : being able to spin up complex superannuation environments in the cloud in a matter of minutes . “ The fact that Recreo ’ s timeframes for releases are measured in days rather than months - that was a real eye-opener for me ,” recalls Gionis . “ It ’ s great that we have the agility to deliver for our customers faster than our competitors made possible by our talented team and our leading-edge cloud infrastructure . It ’ s a real competitive advantage ,” he adds .
“ Being able to quickly spin up and down environments and scale the specifications of servers with customer ’ s requirements have allowed pay-as-yougo pricing structures . Ultimately , the less a customer consumes the less they pay ,” Renoux states .
When needs change , environments can simply be switched off or scaled down and the costs go away . No servers to repurpose or sell , no long-term licenses sitting unused ; the age of superannuation as a service has arrived .
SAFETY IN THE CLOUD
Australian superannuation fund assets totaled approximately $ 3trn at the close of 2019 . Recreo ’ s first customer , Mine Super - which represents mining and related assets across Australia - accounts for $ 11bn in superannuation
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