Updates to Connectworks

 

July

Administrators can now enforce MFA for all firm employees via Admin > Settings. Anyone with firm admin permissions can enable this feature. 

Any users that do not have MFA enabled are required to enable MFA upon the next successful login 

Getting started with Multi-Factor Authentication (MFA)

May

Following the Statutes Amendment Act 2025 becoming law, the following changes were introduced.

Verification of address: The requirement to verify address information for standard Customer Due Diligence (CDD) has been removed. Reporting entities must still obtain proof of address, but they no longer need to undergo the additional step of verification. This relief does not extend to enhanced CDD activities.

 

When uploading Driver's License, Passport, Birth certificate and NZ firearms license only, in 

Confirmation of identity, you are no longer required to verify the address.

November

We have updated how the Point of Contact appears within the Trust and Company Profile. We have introduced a Point of Contact (Secondary).

For both Point of Contact roles, we now display the name, email address, address, and contact numbers.

October

Two new precedents are now available when generating documents within Share Management.

• Issue of shares - Waiver45.1 Share Issue Waiver of Pre-Emptive Rights
• Transfer of shares - Waiver45 Share Transfer Waiver of Pre-Emptive Rights
  

See more: Generate Share Transaction Documents

September

A new tab called 'Updates' will display events recorded for the Companies in the Clients tab. Connectworks polls the Companies Office every 15 minutes, and users will get a notification on the Updates tab when new events are available. 

Users will be able to filter on different events: 

• Addresses (Changes to Registered, Service, Share Register and Records)
• Annual Returns (The Annual Return has been filed)
• Directors (Changes in Directorship)
• Documents (The Company has a new entry in its Documents section)
• Filing month (Annual Return filing month has been updated) 
• Name (Company Name changes) 
• Shareholding (Changes in Shareholding)
• Status (Change of Company status) 
• Others (Ultimate Holding Company (UHC), Industry Classification, Trading Name, etc.)

Reporting (I would like to...) - the ability to report on all events over the last 12 months for all or selected entities. 

See more: Updates Tab

Improvements to the Updates Tab 

New Filters

Specific updates from the Companies Office are essential for firms to be aware of, and they were being lost in the 'Others' filter.

These critical updates are now in their own filter.

Change Information

In the updates from the Companies Office, we receive information detailing the changes. By selecting the notification, users will see the information and can make the necessary changes as required.

See more: Change Information is now available in the slide-out

May

Admin / Precedents

The precedents gallery in the firm Admin section now shows only custom precedents. We added an information banner directing users to the Company or Trust. 

See more: Using Connectworks Precedents

Registers

Director Interests, Shareholder Interests, Risks and Assets are now sorted by date posted by default.

Annual Return - No Obligation filter

A new No Obligation label has been introduced for Companies with the responsibility set as "Registered Office Only" in the Annual Returns gallery.

Entities on the Archive Plan

In the Annual Returns and AML Compliance galleries, we have updated the subscription filter with a new option called 'Hide archived', which is selected by default to prevent archived items from being displayed.

April

Company Export Profile

The report is located in the Company Workspace tab and is available as a Word document. We have included the following information in the report:

• Title Page
• Table of Contents
• Company Profile Information (Workspace tab)
• Register of Directors
• Directors' Interest Register
• Register of Advisors
• Register of Shareholders
• Register of Shareholders (Compliance report in respect of s87(2)(a))
• Register of Shareholders (Compliance report in respect of s87(1),(2)(b,c))
• Shareholding Report 
• Shareholders' Interest Register

Trust Export Profile 

The report is in the Trust Workspace tab. We have made the following changes:

• Changing from a PDF to a Word document
• Adding a Title Page
• Adding a Table of Contents 

Galleries

We have updated the following galleries

• Director and Shareholder Interests
• Tools > Risks and Assets 

March

FYI Integration released

For more information on the FYI Website - Click here

To see the integration in action - Click here

For assistance with setup, please email us at support@connectworks.com or schedule a 30-minute session here.

Changes to Subscription Plan Names (Pricing Remains the Same)

Click Here to view the changes in All Subscription Plans and Pricing

Changes to the Document Galleries

With the release of FYI, we have updated all local document galleries in the application. 

Add-ons: Unlinking and Remove

We have updated the wording when users unlink and remove the add-on with the following:

"WARNING: Removing the (APS/XPM/FYI) addon will result in the disconnection of all related associated entities! Are you sure?" 

Trusts: Revocable and Irrevocable

We have added the ability to set the trust's revocability for overseas-based trusts. This option is unavailable when the trust's Legal jurisdiction is set as New Zealand.

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January

Changes to the Document Tab

The document gallery has been updated in preparation for our FYI integration. The document tab is now below the Parties Tab in both Companies and Trusts.

Trusts - We have moved the Document Tab.

Companies - We have introduced a new Document Tab that allows users to view all documents (Directors and Shareholders) and download precedents. 

To upload documents, go to Director/Documents or Shareholder/Documents. The existing document tabs have not been changed. 

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October

Connections Filter

We have introduced a new filter for firms with connections to external systems. This filter allows staff to see whether entities are linked or not linked. 

The connections filter is in Clients, Contacts and Discarded.

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September

AML Workflow Undergoing CDD Filters Updated

The filters on the Undergoing AML page have been updated to support filtering by AML progress.

 

Power of Attorney (PoA)

Firms can assign a person the Power of Attorney role for AML purposes.

 

Compliant Share Register Notification

Share Management now shows the following message when the transactions have not been updated from the Balance Share Allocations. 

See more: Balance Share Allocations

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A new option called ”Contingent Appointments" within Trusts

Allows the firm to add a relationship based on a future event or condition

Notes and supporting documentation section hint in the AML dialogue updated to inform users of the additional details they need to gather due to the legislative change.

Updated the following reports with the Date/Time the report was generated. 

Share Management

• Transaction report (chronological)
• Transaction report (by class)
• Transaction report (by allocation)
• Compliance report in respect of s87(2)(a)
• Compliance report in respect of s87(1),(2)(b,c)
• Shareholders → Shareholders → I would like to → Export (PDF)

Directors

• Directors → Directors → I would like To → Export (PDF)

Trusts

• Workspace → I would like to → Export Trust Profile

AML

• Updated the export report with the reviewer's information

Appointor and Protector roles are now also shown in the CDD candidates tab in the AML dialogue.

Upload Document

The document upload component has been updated, which involved removing the Google Drive, Dropbox, and OneDrive integrations.

File Annual return button

Instead of being disabled when users are not RealMe-authenticated, the File Annual Return(s) button is now enabled and, when clicked, displays an info dialogue explaining that RealMe authentication is required.

Update galleries to show the full names of People

Most galleries and reports now display full names instead of just first and last names.

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Document Packs: Change the sequence of Actions for a Document Pack

The order of actions defined for a document in a document pack has been updated, and a menu separator has been introduced.

Company Addresses

(Registered Office, Address for Service, etc.) 

The number of selected records that can be updated at once has been increased to 30.

 

Managing Share Classes

Updated the Voting Rights and Restrictions in the Compliance Report s87(1),(2)(b,c) concerning the Constitution. In the app, this is determined by any documents uploaded with the tag 'Constitution'.

No Constitution:
Voting Rights: Commentary relating to the Constitution is missing.
Restrictions: No known restrictions.

Constitution is present:
Voting rights: Can vote on changes to the constitution.
Restrictions: Refer to the Company constitution.

Adding a new party to an Entity 

The default option changed to an existing relationship when adding a new associated party in the menu.

AML Filters - Change Risk and CDD Level filters to be more comprehensive

The AML galleries, both undergoing and completed, now have the same values in the Level of CDD and Level of Risk filters.

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