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July 2024

BGL wins 22 industry awards in the 2024 financial year

By BGL UpdateNo Comments

BGL is proud to announce its remarkable achievements during the 2023-2024 financial year, securing 22 awards and solidifying its position as an industry leader and innovator.

BGL’s commitment to excellence and innovation has been recognised across the industry, earning the company many distinguished awards including:

  • Financial Review Boss – 4th Most Innovative Technology Company 2023
  • Australian Achievers Awards – National Winner for Remarkable Service 2024
  • The Australian Business Awards – Business Innovation 2023
  • Australian Enterprise Awards – Best Compliance Management Software 2024
  • International Business Awards – Most Innovative Company of the Year 2023
  • Great Place to Work – Australia’s Best Technology Workplaces 2024
  • Great Place to Work – Australia’s Best Workplaces for Women 2023
  • M&A Today Global Awards – Compliance Software Innovator of the Year 2024
  • Global 100 Awards – Compliance Software Innovator of the Year 2024
  • Global 100 Awards – Business Excellence in Information Technology & Services – 2024
  • Legal 100 Awards – Compliance Software Innovator of the Year 2024
  • Corporate America Today Awards – Compliance Software Innovator of the Year 2024
  • Corporate America Today Awards – Best Compliance Management Software 2024
  • Corporate America Today Awards – Business Excellence in IT & Services 2024
  • AI Global Excellence Awards – Best Corporate Compliance Software Company 2024
  • AI Business Excellence Awards – Best SMSF Compliance Software Developer 2024

“We are incredibly proud to be recognised with these awards” said BGL’s Chief Executive Officer, Daniel Tramontana. “I am grateful to work with our hard-working and dedicated team. Their commitment and passion are the foundation for our success. They help BGL focus on providing innovative solutions and incredible service to our clients, making winning these awards possible.”

BGL’s award-winning software solutions have set new industry standards, delivering exceptional compliance management capabilities. The company’s flagship products, CAS 360, Simple Fund 360, Simple Invest 360 and BGL SmartDocs 360, have transformed business compliance and documentation processes, enhancing efficiency, productivity and accuracy.

Ron Lesh, Founder/Director at BGL, said, “Our journey has always been about setting new standards in the industry and pushing boundaries. Winning these awards is an incredible milestone for us. It enforces our commitment to delivering exceptional products and services. We are focused on evolving and adapting to the ever-changing needs of our clients and the industry. We look forward to the future, where we will continue to make more innovative changes and developments for the industry.”

July 31, 2024
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BGL integrates with Oxygen to streamline SMSF loan applications

By BGL Update, Simple Fund 360No Comments

BGL is proud to announce integration with specialist SMSF mortgage lender Oxygen to streamline SMSF loan applications.

“We are excited to welcome Oxygen to the BGL Ecosystem” said BGL’s Chief Executive Officer, Daniel Tramontana. “With easy access to Oxygen’s suite of tools and a seamless application process, Simple Fund 360 clients can now streamline SMSF loan applications for their clients.” 

Sydney-based Oxygen is a specialist SMSF mortgage lender that provides high-quality advice, competitive loans and a hassle-free experience. The integration connects Oxygen with BGL’s award-winning SMSF administration software, Simple Fund 360, via BGL’s free open API.

Ben Taylor, Managing Director at Oxygen Home Loans said: “We are excited to have the opportunity to partner with BGL via digital integration into its world class technology platform. We look forward to collaborating with BGL clients to deliver better outcomes for SMSF members purchasing property to secure a comfortable retirement. Our goal is to deliver a digital solution to make the complex SMSF mortgage application easier and more streamlined for all concerned and this is a big step towards this goal”. 

Jeevan Tokhi, General Manager of Product – Simple Fund 360, Simple Invest 360 and BGL SmartDocs at BGL said: “BGL clients can access the Oxygen integration via the property dashboard in both Simple Fund 360 and Simple Invest 360. Clients can automatically sign up to Oxygen’s website using their BGL login credentials. From there, they can use Oxygen’s comprehensive calculator to estimate a client’s ability to purchase an investment property, as well as a high-level quote tool and a seamless application process. Oxygen can also provide referrals to assist with the mortgage application”. 

Oxygen is a proud sponsor of BGL REGTECH 2024, Australia’s premier accounting technology event taking place in Adelaide (14/08), Perth (15/08), Brisbane (21/08), Sydney (22/08), Hobart (27/08) and Melbourne (29/08). Register for free today and visit the Oxygen team at their exhibition stand.

July 29, 2024
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BGL integrates with Digital Rapport to revolutionise SMSF reporting

By BGL Update, Simple Fund 360No Comments

BGL is proud to announce its integration with Digital Rapport, an AI-driven reporting platform revolutionising SMSF financial reporting.

“We are excited to welcome Digital Rapport to the BGL Ecosystem,” said BGL’s Chief Executive Officer, Daniel Tramontana. “This integration will help accountants communicate more efficiently and effectively with their SMSF clients. Likewise, it will help trustees better understand their financial data and engage in a meaningful way.” 

Digital Rapport revolutionises client-accountant communication by creating AI-powered, data-driven videos. This automation enhances engagement with easy to understand visual reporting. The integration connects Digital Rapport with BGL’s award-winning SMSF administration software, Simple Fund 360, via BGL’s free open API.

David Cowling, CEO and Founder at Digital Rapport said: “The integration of Digital Rapport with Simple Fund 360 is a game changer for how trustees consume and engage with their financial information. Being an agile and engaging tool, video enhances how accountants report financials to trustees. With seamless data integration, accountants can create a 2-3 minute AI-driven video, narrated in their AI voice, to deliver key highlights of SMSF fund performance. These videos take just minutes to create, are customised with a firm’s unique branding and showcase crucial financial data in a dynamic and easily digestible format.”

Brad Wilkinson, Head of Ecosystem at BGL, said: “This collaboration underscores our commitment to leveraging innovative technologies to enhance the services available to our clients, enabling them to deliver superior service and insights to SMSF trustees”. 

Digital Rapport is a proud sponsor of BGL REGTECH 2024, Australia’s premier accounting technology event taking place in Adelaide (14/08), Perth (15/08), Brisbane (21/08), Sydney (22/08), Hobart (27/08) and Melbourne (29/08). Register for free today and visit the Digital Rapport team at their exhibition stand.

July 22, 2024
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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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