Written by Annie Kane
Published by The Adviser on 16 June 2023
Click here to read on The Adviser website
The mortgage broking fulfilment fintech has been selected to provide loan comparison solutions to BGL’s Simple Fund 360 and Simple Invest 360 clients.
Compare n Save, a fintech platform providing online broking services with traditional fulfilment capability, has partnered with corporate compliance software company BGL Corporate Solutions to help certain clients with loans.
BGL Corporate Solutions currently provides company compliance management, self-managed superannuation fund (SMSF), and investment portfolio solutions to over 9,500 businesses, including major accounting firms, law firms, listed companies, private companies, financial planners, and many individual SMSF trustees.
As part of the integration, the loan comparison company will provide clients of BGL’s Simple Fund 360 (an AI-powered SMSF administration software) and of the investment portfolio management software Simple Invest 360 with a loan comparison solution via the Compare n Save app within their console screen or via the BGL Ecosystem.
Speaking of the integration, Sal Cinque, director of Compare n Save and chief executive of TAG Finance and Loans (a traditional mortgage broking fulfilment business), said that the Compare n Save tech will manage the entire lead-to-settlement journey, including appointment booking, lead tracking, reporting, CRM, online lodgement, and delivery of commercial terms.
“We provide site visitors with a hassle-free service to compare interest rates and special offers. The information is easily accessed, without the need to click through multiple screens or provide contact details before being served the desired information” Mr Cinque, who is also an nMB founding director, said.
“This builds a high level of trust with our visitors and leads to qualified inquiries. When our visitors are ready to proceed, our team of brokers manage the application process.
“In the case of our BGL integration, Compare n Save adds value to over 9,500 businesses in related industries, where advisers can quickly and easily assess potential savings for their clients and engage our fulfilment services.
“We are extremely proud of the BGL partnership. It is a glowing endorsement of our fintech and fulfilment capabilities and further strengthens our relationship with BGL.”
Ron Lesh, BGL’s managing director, commented that he was excited to add Compare n Save to the BGL Ecosystem and offer clients “a hassle-free and simple-to-use loan comparison solution that will add value to their customer service.”
Brad Wilkinson, head of BGL Ecosystem, added: “The BGL and Compare n Save integration will help advisers, accountants, and other BGL clients compare hundreds of loans from more than 30 of Australia’s top banks and other lenders (home, investment, and SMSF loans).
“It will also help clients easily structure debt for property purchases (owner-occupied, investment, and SMSF loans) and conduct regular loan reviews to lower interest costs for their clients. Loans are fulfilled via an experienced broker network, with access to over 500 brokers, nationally.”
