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.
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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.
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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.
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, which allows users to view all the documents (Director and Shareholder) and download precedents.
To upload documents, go to Director/Documents or Shareholder/Documents. The existing document tabs have not been changed.
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.
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
July
AML Review Period Changes
Firms can now, via the Admin>Settings tab, change the default* period for when an AML review is required.
*The previous review period will appear for an existing entity when an AML workflow is due for review.
See more: AML Review Period
AML Workflow Internal Commentary
Firms can now write internal commentary against an active AML Workflow. This allows staff members to add notes relating to the specific workflow in a variety of ways.
See more: AML Workflow Internal Commentary
Further updates following the new AML/CFT Regulations - June 2024, the following changes were made:
New Role: Nominee Director
For Companies on the Unlinked plans and above, this can be updated via the Company Workspace>Admin tab
For Companies on the AML-Only plan, this can be updated via the Edit Profile>Associated Parties tab
See more: Creating Profiles for Directors and Other Associated Parties
New Role: Nominee General Partner
Partnerships on the AML-Only plan can be updated via the Edit Profile>Associated Parties tab.
New Role: Nominee Shareholders
For Companies on the AML-Only plan, this can be updated via the Edit Profile>Associated Parties tab.
For Companies on the CoSec Management plans and above, this can be updated via the Shareholders>Share Registry>Shareholding tab.
- Select the allocation and click Update on Title holders (owners)
- Edit the party of the Allocation
- Update the party as the Nominee shareholder and apply the changes
June
A new option called ”Contingent Appointments" within Trusts
Allows the firm to add a relationship based on a future event or condition
Following the new AML/CFT Regulations - June 2024, the following changes were made:
AML Workflow: Client Information
Time/Date on Reports
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
AML Workflow: CDD candidates: Appointor / Protector
May
Inline validation for Centrix form input
The Centrix identity verification form has been updated to provide better inline validation for input fields.
Annual Return Export List Report
The PDF and CSV export lists (via I would like to ...) in the Annual Returns gallery have been updated to include the last known filing date.
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.
April
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.Date of Death
March
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.
February
Share Management Compliance Report
The Compliance report in respect of s87(1),(2)(b,c), updated to consider the start and end dates of the parties within an allocation.
Merging of Parties from the Companies Office
When Company profiles are imported from the Companies Office, during the import process, Connectworks checks if the person is in the contacts tab when the name and address match.
See more and a 4 min video: Merging Duplicate Contacts
Registered Office Description changes
The wording in the app has been updated to match the Companies Office when updating Company addresses. Company Summary and Address Updates
In Clients>Companies>3 dots
- Edit Companies Office (Updating the addresses for a single Company)
- Change Registered Office (Updating the addresses for multiple Companies)
Duplicate Names
Added a new filter in Clients > Contacts called Duplicate Names, and updated the gallery to display the address to assist with merging duplicate contacts.