Audit-evidence and workpaper automation for SMSF auditors, pulling transaction data from trading/super platforms to satisfy mandatory annual ASIC/SIS Act independent audits. · Compliance Automation
DEAD SLOW · CAUTIOUS
5.6 ShipScore / 10
Strong operator control and mandatory-audit demand; weakest is Australia-only scale.
Condition: Only build if you win a wedge BGL/Class feeds can't reach — e.g. crypto, property or exotic-asset evidence — and land 5 paying audit firms before writing the full workpaper engine.
Part I — The Verdict what the instruments read
01 — The ShipScore breakdown
Control
6
Platform data feeds are multiple, not one gatekeeper; swappable infrastructure
Entry barriers
5
BGL/Class/ASF entrenched with feeds; regulation raises bar both ways
Productized SaaS, though audit onboarding and feed mapping need hands
Scale
4
SMSF is Australia-only; roughly a few thousand audit firms
What the five commandments measure
C — Control
Do you own the customer, or does a gatekeeper stand between you and revenue?
E — Entry
How hard is this to copy once it works? A rival's existence isn't the question — the durability of their advantage is.
N — Need
Is demand proven with money rather than vibes?
T — Time
Can income detach from your hours, or did you buy yourself a job?
S — Scale
How far does it reach without linear cost?
Scored on the evidence below, against CENTS as we've adapted it plus a Buffett-style moat reading of every rival — the same referee for every idea, including the ones we generate ourselves. The verdict follows the arithmetic: we never relabel a score to make it read better, and the weakest commandment is always named. The exact rubric stays in-house so the scale can't be written for.
02 — The pace test — $1M/yr
At $400/mo (assumed category price), you need 209 subscribers for a $1M/yr pace.
No tracked rivals with verified revenue to benchmark against.
Part II — The Evidence the receipts, good and bad
03 — Rival scan
No similar products found in the radar corpus — either genuinely novel, or too small to track.
BGL Simple Fund 360 — Just shipped AI document automation plus SMSF audit workflow tracking — moving into your exact lane with installed base.
Class Super — Entrenched SMSF admin platform with existing audit/compliance integrations; owns the transaction data you'd need to pull.
ASF Audits / MCloud — Purpose-built SMSF audit automation already integrated with the dominant admin platforms.
04 — Demand evidence
Audits are statutory under SIS Act/ASIC — non-discretionary annual spend per fund, not a nice-to-have.
DAVO/DACS selling ASA 500-compliant crypto VWAP audit-evidence tools shows willingness to pay for evidence-specific niches.
Radar corpus and Reddit show zero signals — no verified MRR or complaint volume to size the gap.
05 — Risks
BGL's AI document automation could absorb your feature set as a free platform upgrade.
Data access to trading/super platforms may depend on partnerships incumbents already control.
Audit-firm sales cycles are slow, relationship-led and price-anchored to per-fund fees.
Auditor independence and ASA evidence standards mean errors carry professional-liability exposure.
06 — Kill switches — what kills this with one decision
BGL/Class platform data access or integration policy — Cut or price out feed access and your evidence pipeline goes dark.
ASIC / auditing standards board guidance on automated evidence — A ruling that auto-pulled data is insufficient evidence voids the core value.
SMSF policy change (e.g. three-year audit cycles or fund caps) — Shrinks mandated audit volume and the per-fund revenue base overnight.
Part III — The Plan if you insist on proceeding
07 — What this scan can't tell you
Cannot tell whether platform transaction feeds are contractually obtainable by a new entrant.
No revenue or churn data on ASF Audits, MCloud or BGL's audit module.
Unknown how many auditors are unhappy enough with current tools to switch.
Scores judge the market and business model — not your ability to execute. Verified MRR = independently tracked revenue; reviews/upvotes = platform-reported. Judged 2026-09-11.
08 — The wedge & the next step
Own the asset classes incumbent feeds handle badly — crypto, unlisted property, collectables — and become the evidence layer auditors bolt onto BGL/Class rather than replacing them.
Cheapest next step: Call 10 SMSF audit firms from the ASIC approved-auditor register this week; ask which asset classes force manual workpapers and what they'd pay to kill that.
Not quite it? Spin the model
Business-model variations of this idea, engineered to beat 5.6 — different vertical, audience, model, or wedge. Same harsh scale. Pro feature.
One evidence-backed gap a day, free
Close — but conditional. Every morning the engine files one mined gap, scored on the same harsh scale as this one. Free at 7am AEST, unedited.
Free forever · one email a day · unsubscribe in one click.
Monitor this idea
Weekly re-scan against the live corpus. If the market moves this ShipScore by a point, or flips the verdict, you hear about it. Free while we're small.