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Data-Driven Decisions

By Bec Loves CX, Homepage, IndustryNo Comments

You’ve put your Customer Experience Strategy out into the atmosphere and now your team and your business have the foundations set and completed your first step in becoming a CX guru! 

What happens next? You deep dive into understanding your clients, using Voice of Customer (VOC), Customer Insights and Understanding.

When you listen, you learn!

Shifting your focus to understanding your clients is the best approach for enabling your team to gain a genuine understanding of who their audience is. When you know this, you can then start using this information to align your CX strategy and your CX delivery with your clients’ best interests. Calling all Accountants – Who doesn’t love making data-driven decisions, am I right?

There are two types of approaches that can be used to collect information:

  • Quantitative 
      • Relationship surveys
      • Touchpoint surveys
      • Focused surveys
  • Qualitative 
    • Unsolicited customer feedback
    • Ethnographic research
    • Focus groups
    • Voice of employee – Don’t forget, employees are our clients too!

For example, Airport security collected data (quantitative) and conducted observations (qualitative) of passengers to identify that floppy-eared sniffer dogs were viewed as less intimidating to passengers and made the experience more enjoyable and people more cooperative, therefore in most cases, the dog that sniffs your bags prior to departure will most likely look like a dog you would want to cuddle.

How do we make sure we provide the “fluffy puppy” experience?

Whilst quantitative data collection enables you to make data-driven decisions, you must consider the fact that the surveys are created by you, and you decide what to ask – Before you send a survey, ask these questions:

  • What are we trying to achieve – Is the survey going to bring value to the business? Or am I wasting clients time with a pointless survey?
  • Are we asking the right questions? 
  • Are we only asking what we think we need to ask and not what we should be asking?
  • If we’re asking the wrong questions, is the data going to be accurate? 

As much as accountants thrive on data, it’s important when collecting it, that we get it right or the decisions we make based on the results will be misaligned. Data can be our friend or our foe, don’t rush the process and make surveys valuable!

Qualitative information is where you can start to build up client personas because everyone is different but is just as important as one another in the CX lifecycle. 

Client personas are fictional characters that represent the key characteristics of the main types of clients you will encounter through the business. It is an easy way of capturing your understanding of them and putting a personal touch on them.

For example, you might have a client that (for persona purposes) is called ‘John’. John is a 37-year-old business executive, who is a sole trustee of his own SMSF. When he comes in for his annual appointment with you (the accountant), you notice he drives a Tesla and always wears a handmade suit. John is sophisticated and is always short on time.

For someone like John, you would design your CX delivery based on your CX strategy and ensure it aligns with his persona.

Again, this can be your friend or your foe. Don’t ever simply create personas off the top of your head. Do your research and really get to know people. This will ensure your fictional characters accurately represent different pools of clients that do business with you and help you to design CX journeys for each type of client.

Your investment in research and data collection should be at the core of every decision you make, be it CX or otherwise. How are you going to adopt these approaches in your business today?

BGL launches integration with Colonial First State’s FirstWrap platform

By In the Media, News, SMSF AdviserNo Comments

Published by SMSF Adviser, powered by MOMENTUM MEDIA
Written by Tony Zhang on 10 November 2021
Click here to read on SMSF Adviser website

BGL launches integration with Colonial First State’s FirstWrap platform

BGL has successfully completed its Simple Fund 360 integration with Colonial First State’s FirstWrap platform.

BGL Corporate Solutions’ Simple Fund 360 is now integrated with Colonial First State’s FirstWrap platform.

“It’s great to have Colonial First State as part of the BGL ecosystem,” BGL’s managing director Ron Lesh said.

“FirstWrap is a full-service wrap platform, providing comprehensive investment choice, convenience and great flexibility.”

Mr Lesh noted this new integration means FirstWrap now has seamless integration with Simple Fund 360, with bank, investment and income transactions automatically loaded.

“Simple Fund 360 will then automatically map the required accounts and tax data to drive further efficiencies for your firm,” he added.

Colonial First State’s chief distribution officer, Bryce Quirk, said FirstWrap is excited to partner with BGL and provide the benefits of Simple Fund 360 to members and advisers.

“Adding to the comprehensive tax reporting features of FirstWrap, the welcome addition of Simple Fund 360 integration will further enhance the value and efficiencies for our joint customers,” Mr Quirk said.

BGL currently has over 350 partners in the firm’s ecosystem, and it is great to be able to add FirstWrap to the list.

FirstWrap is a full-service wrap, including FirstWrap Plus Super, Pension and Investments, which offers advisers and clients comprehensive investment choice, convenient administration, and the flexibility to design a portfolio to suit their investment needs.

Director IDs: How can CAS 360 help?

Streamline Director IDs with CAS 360

By BGL Update, CAS 360, IndustryNo Comments

CAS 360 is helping ASIC registered agents manage and streamline Director IDs for their clients!

CAS 360 is Australia’s leading cloud solution for the management of companies and trusts.

The recent introduction of Director IDs means Australian company directors are required to identify themselves with the ABRS via MyGovID between now and November 30, 2022.

ASIC Registered Agents help businesses handle the compliance requirements of the vast majority of Australian companies, so the job to ensure every company director has a Director ID will ultimately fall on their shoulders…

That’s where CAS 360 can help!

To help manage and streamline the administration of these new requirements for ASIC Registered Agents, BGL released a suite of Director ID features in CAS 360. We have not just “added a field” to record the Director’s ID. We have provided a suite of features to help you through the process. Click here to skip ahead to our video >>>

Director ID Alert

The Director ID alert will show CAS 360 users the company directors that have completed their Director’s ID.

Director ID Screen

The Director ID screen provides CAS 360 users with the ability to:

  • Send a customisable email to all company directors about the new Director ID requirements,
  • Send email reminders to company directors when the Director ID deadline is approaching,
  • View which company directors have not completed their Director ID requirements,
  • See if a contact is a director in multiple companies,
  • Add a director’s email address, and
  • Add a director’s ID number once the director has completed registration.

See CAS 360’s Director ID features in action!

Watch our video to hear from BGL’s Head of CAS 360, Warren Renden and see a live demonstration of the Director ID features available now!

If you would like to learn more about CAS 360 and how it can benefit your business, contact the BGL sales team on 1300 654 401 or email [email protected].

BGL launches integration with Colonial First State’s FirstWrap platform

By Australian FinTech, In the Media, NewsNo Comments

“It’s great to have Colonial First State as part of the BGL Ecosystem,” said Ron Lesh, BGL’s Managing Director. “FirstWrap is a full service wrap platform, providing comprehensive investment choice, convenience and great flexibility. This new integration means FirstWrap now has a seamless integration with Simple Fund 360 with bank, investment and income transactions automatically loaded”.

Read More

BGL launches integration with Colonial First State’s FirstWrap platform

By BGL Update, Simple Fund 360No Comments

BGL is proud to announce Simple Fund 360 is now integrated with Colonial First State’s FirstWrap platform.

“It’s great to have Colonial First State as part of the BGL Ecosystem,” said Ron Lesh, BGL’s Managing Director. “FirstWrap is a full service wrap platform, providing comprehensive investment choice, convenience and great flexibility. This new integration means FirstWrap now has a seamless integration with Simple Fund 360 with bank, investment and income transactions automatically loaded”.

“Simple Fund 360 will then automatically map the required accounts and tax data to drive further efficiencies for your firm.”

Colonial First State’s Chief Distribution Officer, Bryce Quirk, said: “We’re excited to partner with BGL and provide the benefits of Simple Fund 360 to our members and advisers. Adding to the comprehensive tax reporting features of FirstWrap, the welcome addition of Simple Fund 360 integration will further enhance the value and efficiencies for our joint customers.”

BGL currently has over 350 partners in our Ecosystem and it is great to be able to add FirstWrap to the list.

Click here to learn more about this Simple Fund 360’s integration with Colonial First State’s FirstWrap platform >>>

BGL makes new CAS 360 product updates

By In the Media, News, SMSF AdviserNo Comments

Published by SMSF Adviser, powered by MOMENTUM MEDIA
Written by Tony Zhang on 2 November 2021
Click here to read on SMSF Adviser website

BGL makes new CAS 360 product updates

BGL has made new updates for its CAS 360 platform, including the inclusion of the new upgrades to facilitate the recently introduced director ID.

In a recent update, BGL said that it had made new changes in its CAS 360 Product in October 2021.

With the introduction of director IDs being one of the biggest changes to corporate compliance work this year, BGL noted it has successfully built new features to easily facilitate the new process.

“In CAS 360, we have built a great set of features to help you through this new requirement,” CAS 360 head of product Warren Renden said.

“Each company now has a new alert, the director ID alert. This alert will show how many company directors have completed that director ID requirement when you hover over.”

Mr Renden said the director ID modal contains a number of important features.

“Firstly, you can email all company directors about the new director ID requirements; we have included an ‘introduction to Director ID’ email template, which you can customise, to let your clients know about this new requirement,” he said.

“You can see which directors have and have not completed their director ID requirements.

“You can also see if the director is also a director in any other company. If the director ID deadline date is fast approaching, you can send a reminder email to the director.

“If you do not have a director’s email address, you can add the email address via this screen. Also, once the director has completed their director ID requirements, you can add the ID number, and it will be saved against the director’s records.”

Digital signing improvements

BGL has also added some new features for clients who have CAS 360 integrated with its Digital Signing partners.

“Now, when preparing any set of documents in CAS 360, you can set that all signatories receive the signed document pack once it has been signed by all signatories. This is an option that is controlled by you as the preparer,” Mr Renden explained.

“If you are preparing an Annual Review and send it out for digital signing, you can now have the Annual Review automatically set as ‘Annual Review Complete’ when the document has been signed by all signatories.”

Also, for those that have an account with more than one digital signing provider or are in the process of transitioning from one provider to another, BGL has now added support for multiple signing providers connected to CAS 360 at the same time.

BGL also noted it had updated new ways to prepare Company Shareholder and Trust unitholder registers.

“We have built a beautiful MS Excel export of these registers,” Mr Renden added.

“We know how much you all love a good spreadsheet. CAS 360 now allows you to export these holdings and filter, sort or organise to your heart’s content.

“BGL has also added version 2 of its document management APIs for those that have documents integrated easier.

“We have a new trust relationship position in Alternate Appointer, improved the company screen hovers so they are less sensitive, and added new merge fields for addresses and capital.”

BGL commits to supporting mental health and wellbeing with Mental Health First Aiders

By Australian FinTech, In the Media, NewsNo Comments

“I am incredibly proud of the team” said Ron Lesh, BGL’s Managing Director. “With the help of Joel Clapham, Founder and Chief Mental Health Champ at Hearten Up, all 25 members of the BGL leadership team are now accredited Mental Health First Aiders. This equates to 1 trained Mental Health First Aider for every 7 BGL team members.”

Read More

BGL commits to supporting mental health and wellbeing

By BGL Update, CultureNo Comments

BGL is proud to announce 25 members of its leadership team are now accredited Mental Health First Aiders.

“I am incredibly proud of the team” said Ron Lesh, BGL’s Managing Director. “With the help of Joel Clapham, Founder and Chief Mental Health Champ at Hearten Up, all 25 members of the BGL leadership team are now accredited Mental Health First Aiders. This equates to 1 trained Mental Health First Aider for every 7 BGL team members.”

“Our team has worked tirelessly through 2020/21 to produce sensational, award-winning software for our clients. Supporting their mental health and wellbeing now and into the future has never been more important” continued Lesh. “Providing our leaders with the opportunity to become accredited Mental Health First Aiders is just one of the many initiatives we have implemented over the past 2 years to better support our team.” 

Since December 2019, BGL has provided all team members and their immediate families with a complimentary Employee Assistance Program (EAP) through Relationship Matters, a not-for-profit organisation with highly trained professional counsellors who are there to help our people deal with whatever issues are impacting on their lives.

“Supporting our people’s mental health and wellbeing isn’t just a nice thing to have in brochures and policies – it is essential for any business who truly cares about their people,” said Lesh. 

In recognition of the hard work and resilience of the team over the past months, BGL will be closed for a team Thank You Day on Monday 1 November 2021. No live services will be available on this day.

If you would like to join the BGL Team, check us out at www.bglcorp.com/careers.

BGL has been recognised on the 2021 AFR BOSS Best Places to Work List as the 6th best technology workplace in Australia & New Zealand!

BGL completes successful implementation of SuperStream changes

By In the Media, News, SMSF AdviserNo Comments

Published by SMSF Adviser, powered by MOMENTUM MEDIA
Written by Emma Ryan on 22 October 2021
Click here to read on SMSF Adviser website

BGL completes successful implementation of SuperStream changes

BGL’s Simple Fund 360 software has successfully become SuperStream Rollover compliant since 1 October 2021.

Since the start of October, SuperStream became mandatory for all member balance rollovers to SMSFs. The ATO advised all SMSF SuperStream must now be completed with SuperStream.

On 28 September 2021, BGL released a major update to its cloud-based SMSF administration software solution, Simple Fund 360, and successfully implemented the SuperStream changes.

“I am incredibly proud of the team,” Ron Lesh, BGL’s managing director, said.

“This was a huge task for BGL as not only did we need to develop the convoluted SuperStream rollover process with a new data provider, but we also needed to create a new BGL Electronic Service Address (ESA) for clients.”

Since 28 September 2021, BGL Simple Fund 360 clients have had access to a major software update that includes the SuperStream changes.

This was the fourth Simple Fund 360 update since 30 June 2021. The new software allows clients to initiate and receive member balance rollovers and process release authorities with the new BGL ESA.

BGL has also developed a number of SuperStream resources for BGL clients.

As previously advised, BGL reminded that SuperStream rollovers are not supported in Simple Fund Desktop.

“Simple Fund Desktop clients can continue their relationship with Australia Post to collect contribution and rollover data, but this data CANNOT be imported into Simple Fund Desktop,” BGL said.

“You may still receive an email from Australia Post with details of contributions and from November rollovers, or you can log in to your Australia Post account where these details are displayed.

“The new BGL ESA will support SuperStream contribution, rollovers and release authorities, but only if you are a BGL Simple Fund 360 client.

“To register with the new BGLSF360 ESA, the fund will need to be in Simple Fund 360. You can only register directly through the software.”

BGL is SuperStream ready. Are you?

By Australian FinTech, In the Media, NewsNo Comments

BGL is SuperStream ready. Are you?

BGL Corporate Solutions, Australia’s leading supplier of SMSF administration and ASIC corporate compliance solutions, announces their Simple Fund 360 software was SuperStream Rollover compliant on 1 October 2021. On this date, SuperStream became mandatory for all member balance rollovers to SMSFs. The ATO advised all SMSF SuperStream must now be completed with SuperStream.

“I am incredibly proud of the Team,” said Ron Lesh, BGL’s Managing Director. This was a huge task for BGL as not only did we need to develop the convoluted SuperStream rollover process with a new data provider, but we also needed to create a new BGL Electronic Service Address (ESA) for clients”.

Since 28 September 2021, BGL Simple Fund 360 clients have had access to a major software update that includes the SuperStream changes.

This was the fourth Simple Fund 360 update since 30 June 2021. The new software allows clients to initiate and receive member balance
rollovers and process release authorities with the new BGL ESA.

BGL has also developed a number of SuperStream resources for BGL clients.

Simple Fund 360 Online Help: SuperStream FAQs
https://sf360.zendesk.com/hc/en-au/sections/360002499571-SuperStream

Webinar Recording: SuperStream changes in Simple Fund 360
https://youtu.be/M8x5yXQFHUY

BGL Website: Are You SuperStream Ready?
https://www.bglcorp.com/marketplace/superstream/

BGL clients who need help with these SuperStream changes can check out the links above or contact their BGL Account Manager on 1300 654 401 or by email at [email protected]