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July 2024

Simple Fund 360 and Simple Invest 360 Product Update – 11 July 2024

By BGL Update, Simple Fund 360, Simple Invest 360No Comments

What's New?

Oxygen SMSF Loans Integration
Oxygen SMSF Loans, a specialist SMSF mortgage lender with some of the lowest-rate SMSF loans in the market, now integrates with Simple Fund 360 via BGL’s open API. This integration provides instant insights into how much a client can afford for property investments. Learn More

2024 SMSF Annual Return
The 2024 SMSF Annual Return can now be exported to Xero Tax via their API. This feature is exclusively available in Simple Fund 360. Learn More

2024 Audit Workpapers
For SMSF Auditors who do not use specialised audit software, Simple Fund 360 enables the printing of prefilled workpaper templates and reports. This feature is exclusively available in Simple Fund 360. Learn More

In-Person Digital Signing
DocuSign’s in-person signing feature is now available. When meeting with a client in person, use in-person signing to simplify the signing process and keep documents digital. This can be done on portable devices like iPads or computers. Learn More 

New Report:
Trust Income Schedule Reconciliation report for Trusts and Companies has been added. This feature is exclusively available in Simple Invest 360. Learn More

Reversing Journals
General ledger journal transactions can now be automatically reversed on a future date, with the same accounts but debits and credits reversed. This can be actioned:

  • At the time of posting the transaction, by including a reversal journal at a future date.
  • By editing any general ledger journal transaction and posting a reversal journal at a future date.

This feature is exclusively available in Simple Invest 360. Learn More

Corporate Actions
Improvements to Corporate Actions now allow the processing of Donation or Refunds within Dividend / Distribution Reinvestment Plans (DRP) and Share Purchase Plans. Learn More

BGL SmartDocs
BGL SmartDocs’ AI extraction capabilities have been updated to support a wider variety of dividend statements. Consequently, more dividend files are expected to be automatically attached to cleared transactions upon file upload. Learn More 

Plus, many more new features and improvements.

Stay tuned for future releases!

Jeevan Tokhi
General Manager of Product – Simple Fund 360, Simple Invest 360 and BGL SmartDocs 360
E: [email protected] | P: 1300 654 401
Connect with me on LinkedIn

July 12, 2024
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Blog header to showcase SimpleFund 360 reaching 300k Funds.

BGL celebrates Simple Fund 360 reaching 300,000 funds

By Simple Fund 360No Comments

BGL is proud to announce that its award-winning SMSF administration software, Simple Fund 360, now supports over 8,200 clients managing more than 300,000 funds.

“This marks a significant milestone for BGL and the Simple Fund 360 team,” says BGL’s Founder/Director, Ron Lesh. “I am incredibly proud of each and every member of the BGL team both past and present who have helped us get to this milestone. This accomplishment displays our Team’s dedication to delivering an exceptional product and outstanding service to our clients”.

Released in 2014, Simple Fund 360 is the complete SMSF administration software solution with AI-driven processing, industry-leading automation, analytical insights, accounting workpapers and much much more. Innovative features like BGL SmartDocs, Smart Matching, Workflow and Smart Reports for financial analysis mean it stands alone as the market-leading SMSF administration solution. 

Simple Fund 360’s impressive growth is set against the backdrop of the latest Australian Taxation Office (ATO) SMSF statistics. On 31 March 2024, Australia had 616,400 SMSFs managing $932.9 billion in assets. Notably, BGL reached 250,000 funds in 2020, underscoring the remarkable progress we have made over the past few years.

Jeevan Tohki, General Manager of Product – Simple Fund 360, Simple Invest 360 and BGL SmartDocs at BGL, said, “BGL has remained the number 1 SMSF software provider for the past 25 years.” He continued, “Simple Fund 360 launched 10 years ago and now has over 49% of the market. Its market share continues to grow consistently due to BGL’s team’s constant innovation, listening to client feedback and having a fantastic team that cares about its clients.”

Looking ahead, BGL’s Chief Executive Officer, Daniel Tramontana, shared his thoughts on the future. “We are exceptionally proud of the team’s hard work and commitment. We aim to achieve 50% market share soon while continuing to lead the industry and provide unparalleled service and innovation to our clients”.

For more information, please visit www.bglcorp.com.

July 4, 2024
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BGL REGTECH 2024 announces free tickets to register.

BGL REGTECH 2024 is now a free event thanks to the unprecedented support from our sensational sponsors!

By BGL UpdateNo Comments

BGL is thrilled to announce that BGL REGTECH 2024 is now a free event thanks to the overwhelming support of our sensational sponsors.

This move reflects our collective goal of advancing the accounting sector by making this premier event available to BGL clients, partners and the broader accounting community in these challenging times.

“We are beyond grateful to our sponsors for their outstanding support, which has allowed us to extend an open invitation to all our clients and community to attend BGL REGTECH 2024 at no cost,” said BGL’s Chief Executive Officer, Daniel Tramontana. “We look forward to welcoming everyone to our event of the year and showcasing the amazing developments we have implemented and some we are working on!”

Ron Lesh, Founder/Director of BGL said, “The support from our sponsors has been nothing short of remarkable. Their support is instrumental in making this event available to a broader audience. It underscores our commitment to providing exceptional products and services to our clients, community and the industry.”

Dates and locations:

  • 14 August 2024 – Adelaide Convention Centre
  • 15 August 2024 – The Westin Perth
  • 21 August 2024 – Brisbane Convention Centre
  • 22 August 2024 – Dockside, Sydney
  • 27 August 2024 – RACV Hobart Hotel
  • 29 August 2024 – Melbourne Convention Centre

For more information and to register your team, visit www.bglregtech.com. 

July 2, 2024
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