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BGL adds integrated Workflow to Simple Fund 360 and Simple Invest 360

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

BGL is proud to announce the launch of its Workflow module in its multi-award-winning SMSF administration and investment management solutions, Simple Fund 360 and Simple Invest 360.

“Managing all the tasks associated with a client’s monthly processing and annual accounts is a huge challenge for accountants and administrators,” said BGL’s Managing Director, Ron Lesh. “I’m excited to release our highly requested Workflow module that will streamline and automate this process for BGL clients.” 

The integrated Workflow module allows BGL Simple Fund 360 and Simple Invest 360 clients to quickly identify and track jobs for specific SMSFs and portfolios, including job status, pending jobs and recent completions. This feature also aids in team management by tracking deadlines and enabling task delegation.

Jeevan Tokhi, Head of Simple Fund 360 at BGL, said: “In my extensive interviews with BGL clients, it is evident that clients want more control over job status. Many clients continue to maintain workflow in Excel, often relying on this as their primary job-tracking tool or using it in tandem with software like Xero Practice Manager. Our objective is to encourage firms to eliminate the use of spreadsheets altogether.”

“BGL clients can now create custom workflows or use standard templates to align with their firm’s processes. They can leave comments, update tasks, track job completion and develop customised job templates for all entity types. Additionally, clients can reassign tasks in bulk if team members go on leave or depart the organisation. The Workflow module also provides an export of jobs to Excel for further customisation.”

“BGL has also automated the Workflow module based on events triggered within the software. For example, when an entity’s annual return is lodged, this will automatically update the status of the associated task. Leveraging its robust ecosystem, BGL plans to integrate the Workflow module with audit partners, document providers and practice management solutions via its free and open API,” concluded Tokhi. 

Learn more about Workflow
October 11, 2023
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BGL integrates with Acumentis to simplify SMSF property valuations

By In the Media, Industry, SMSF AdviserNo Comments

Written by Keeli Cambourne
Published by SMSF Adviser on 09 October 2023
Click here to read on the SMSF Adviser website

A new corporate partnership will help SMSFs with assets in property meet compliance standards as well as deliver cost-effective valuation and assessment reports.

BGL Corporate Solutions (BGL), a provider of company compliance, investment management and AI powered paper-to-data solutions, has integrated with national property valuation company, Acumentis, to simplify SMSF property valuations.

BGL’s managing director, Ron Lesh, said the integration will provide BGL’s Simple Fund 360 and Simple Invest 360 clients with access to compliant SMSF property valuations and tax depreciation schedules for a wide range of property types, including residential, commercial and agribusiness.

“Acumentis’ registered valuers are equipped to deliver cost-effective valuation and assessment reports with their extensive expertise, local and asset-specific knowledge and invaluable market insights,” he said.

Acumentis SMSF assessments are completed using methodology and data to ensure ATO compliance, providing clients with the information and confidence required for SMSF reporting.

Nathan King, National Director Advisory at Acumentis, said, SMSF trustees and administrators struggle with gaining access to relevant market data to substantiate the market value of SMSF property assets which often leads to auditor queries or valuation reworks.

An Acumentis SMSF property assessment provides an audit-compliant market value in a cost-effective and timely manner.

He said the integration means that BGL clients can now order a fixed price commercial or residential property assessment online and receive an ATO-compliant property assessment within five working days.

Mr Lesh added, under the ATO’s Valuation Guidelines, there is a limited range of professionals who can provide valuations, and with the rapidly changing property market, obtaining an independent property valuation ensures trustees, SMSF professionals and auditors have a correct valuation of SMSF assets and that the valuation is based on objective and supportable data.

October 9, 2023
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BGL ranked AFR’s 4th Most Innovative Technology Company

By Australian FinTech, In the Media, IndustryNo Comments

Published by Australian Fintech on 04 October 2023
Click here to read on the Australian Fintech website

BGL ranked AFR’s 4th Most Innovative Technology Company

BGL Corporate Solutions has announced it was ranked 4th Most Innovative Technology Company in Australia and New Zealand on the 2023 Financial Review BOSS Most Innovative Companies list.

Now in its 12th year, the Most Innovative Companies list assesses the innovation prowess of Australian and New Zealand organisations, with the final result judged by a panel of experts and assessed by Inventium specialists. This year, the list attracted more than 700 nominations.

“We are thrilled to be ranked the 4th Most Innovative Technology Company in Australia and New Zealand on the 2023 Financial Review BOSS Most Innovative Companies list. This is an enormous achievement and I am extremely proud of each and every member of the BGL Team,” said BGL’s Managing Director Ron Lesh. “This is the 3rd time in 5 years BGL has been named in the top 10 list of Most Innovative Technology Companies, having ranked 5th in 2019 and 9th in 2020.”

“BGL’s submission for the 2023 Most Innovative Companies list highlighted the latest addition to the BGL cloud product suite, BGL SmartDocs 360,” continued Lesh. “Currently in BETA, BGL SmartDocs 360 is an AI-powered paper-to-data solution that helps businesses unlock their full potential by transforming paper documents into smart digital data.”

“What makes BGL SmartDocs 360 so exciting and innovative is its use of artificial intelligence and advanced deep learning algorithms for document processing. Unlike other solutions that require the creation of templates for each document layout, BGL SmartDocs 360 learns from documents submitted through its unique training engine. Once learned, it will permanently process the document type, even if the layout of the document changes. The document can be either a PDF or an image.”

“The solution provides both Retail and Developer versions, meaning it can be integrated into any software solution or used by any business to convert paper into data,” added Lesh.

James Luo, Head of Development at BGL, said, “Recognising the transformative power of automated document processing, BGL helps eliminate the burden of manual data entry. Our Development team’s commitment to innovation, supported by BGL’s leadership and our partnership with AWS, fills me with pride.”

October 4, 2023
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BGL integrates with Acumentis to simplify SMSF property valuations

By Australian FinTech, In the Media, IndustryNo Comments

Published by Australian Fintech on 02 October 2023
Click here to read on the Australian Fintech website

BGL integrates with Acumentis to simplify SMSF property valuations

BGL Corporate Solutions have announced the release of its integration with national property valuation company Acumentis, to simplify SMSF property valuations.

“We are excited to add Acumentis to the BGL Ecosystem,” said BGL’s Managing Director Ron Lesh. “This integration will provide BGL’s Simple Fund 360 and Simple Invest 360 clients with seamless access to compliant SMSF property valuations and tax depreciation schedules for a wide range of property types, including residential, commercial and agribusiness, spanning the entire nation.”

Acumentis’ registered valuers are uniquely equipped to deliver cost-effective valuation and assessment reports with their extensive expertise, local and asset-specific knowledge and invaluable market insights. Acumentis SMSF assessments are completed using methodology and data to ensure ATO compliance, providing clients with the information and confidence required for SMSF reporting.

Nathan King, National Director Advisory at Acumentis, said, “SMSF trustees and administrators struggle with gaining access to relevant market data to substantiate the market value of SMSF property assets. This often leads to auditor queries or valuation reworks. An Acumentis SMSF property assessment provides an audit compliant market value in a cost effective and timely manner. BGL clients can now easily order a fixed price commercial or residential property assessment online and receive an ATO compliant property assessment within five working days.”

Jeevan Tokhi, Head of Simple Fund 360 at BGL, said, “The partnership simplifies the landscape for SMSF property assessments, providing BGL’s clients with seamless access to compliant SMSF property valuations and tax depreciation schedules for a wide range of property types. Under the ATO’s Valuation Guidelines, there is a limited range of professionals who can provide valuations, and with the rapidly changing property market, obtaining an independent property valuation ensures trustees, SMSF professionals and auditors have a correct valuation of SMSF assets and that the valuation is based on objective and supportable data.”

BGL’s SMSF administration and investment management software, Simple Fund 360 and Simple Invest 360, now support integration with 4 property valuers. “BGL is committed to providing our clients with choice and flexibility through our growing ecosystem,” added Lesh. “This gives our clients the freedom to choose which service provider they connect to in their BGL software.”

BGL’s free and open API is used extensively across the industry with 350+ data feed and integration partners in the BGL Ecosystem, delivering a holistic experience to BGL clients.

October 2, 2023
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BGL launches CAS 360 Certification Program

By In the Media, Industry, XU MagazineNo Comments

Published by XU Magazine on 26 September 2023
Click here to read on the XU Magazine website

BGL launches CAS 360 Certification Program

BGL Corporate Solutions (BGL), Australia’s leading provider of company compliance, self-managed superannuation fund (SMSF), investment management and AI powered paper-to-data solutions, is proud to announce the launch of its CAS 360 Certification Program. The Certification will recognise CAS 360 clients who have successfully completed all the CAS 360 Training Courses.

“The launch of the CAS 360 Certification Program is the result of months of dedication and hard work from our team. I am incredibly proud of everyone involved in the creation of this certification,” said BGL’s Managing Director Ron Lesh. “This certification not only equips BGL clients with the tools to get the most from their CAS 360 software but also offers well-deserved recognition for their skills.”

The CAS 360 Certification Program empowers clients to showcase their proficiency in BGL’s complete company, trust and AML management software, CAS 360 and gain recognition for their expertise from employers, clients and peers.

Norman Michael, Training and Documentation Manager at BGL, said: “Becoming CAS 360 Certified is available to all BGL clients through a series of on-demand product training courses and assessments. The program includes 4 online courses:

  • Company Secretary 101: A Beginner’s Guide,
  • CAS 360 Level 1,
  • CAS 360 Level 2, and
  • CAS 360 Certification.

The courses incorporate interactive videos, practical exercises and a short test. Participants will earn 2 CPD hours for completing each course and receive a certificate and badge to proudly display their expertise.”

“Clients already well-versed in CAS 360 have the flexibility to skip directly to the tests, quickly earning their certificate and badge to enhance their professional portfolio,” added Michael.

The CAS 360 Certification program is currently offered to BGL clients free of charge. It is available through the BGL Learning Channel – an exclusive, on-demand training platform for BGL clients.

“BGL is committed to enhancing the skill sets of our clients. We are currently working to extend this certification program to include Simple Fund 360 and Simple Invest 360 Professional Editions. Watch this space!” concluded Lesh.

September 26, 2023
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