Accountants Daily

Written by Josh Needs
Published by Accountants Daily on 26 July 2022
Click here to read on Accountants Daily website

BGL Corporate Solutions will now be accepting bitcoin as payment for subscription to its suite of software, CAS 360, Simple Fund 360 and Simple Invest 360.

Managing director of BGL, Ron Lesh, said the firm was pleased to be accepting cryptocurrency.

“We are very excited to offer our clients the option to pay their annual software subscriptions with Bitcoin”, said Mr Lesh.

He said that the company’s ability to accept crypto as payment was developed through BGL’s collaboration with cryptocurrency exchange Cointree.

“From today, BGL clients will be able to pay into our crypto wallet thanks to our partnership with Australia’s own cryptocurrency exchange, Cointree,” said Mr Lesh.

“Clients will simply click a link on our invoices and complete the transfer.

“With cryptocurrency continuing to grow in popularity, our partnership with Cointree provides an easy way for BGL to offer subscription payments in cryptocurrency.”

BGL said the latest development with Cointree came after they had partnered to provide Simple Fund 360 and Simple Invest 360 an easy way to process cryptocurrency transactions, value and keep track of their portfolio, and help with the calculation of CGT events for SMSFs, trusts, companies and individuals.

Chief executive of Cointree, Jess Renden, said the exchange was delighted to partner with an innovative business like BGL.

“We’ve been helping Australians access crypto since launching in 2013 and are proud to partner with a forward-thinking organisation like BGL,” said Ms Renden.

“Consumers have embraced cryptocurrency in recent years and it’s becoming more common for people to use it as a means to pay bills, so when BGL wanted to offer its customers to pay bills our team were ready to help find a solution.”

The partnership between the two companies has also expanded into co-developing Australian-based software to provide a daily price feed for several cryptocurrencies.

Called NBOC, BGL said it was a daily automated data feed that provided both Simple Fund 360 and Simple Invest 360 clients with up-to-date prices for cryptocurrency and was suitable for SMSFs, companies, trusts and individuals.

Founded in 1983, BGL Corporate Solutions has grown to become one of the largest developers of compliance software in the world, with more than 180 employees globally.

BGL provides cloud-based company compliance management, SMSF and portfolio administration software to over 8,000 businesses in 15 countries.

Cointree launched in 2013 and operates as one of Australia’s largest cryptocurrency exchanges, handling over $250 million in transactions.

Written by Josh Needs
Published by Accountants Daily on 15 July 2022
Click here to read on Accountants Daily website

BGL Corporate Solutions has integrated with document provider Cleardocs to provide streamlined company incorporations.

BGL said that its clients would now be able to seamlessly incorporate companies through the Cleardocs platform with all data and supporting documents automatically imported into its management software CAS 360.

The managing director of BGL, Ron Lesh, said that he was delighted with the partnership with Cleardocs, which is part of the Thomson Reuters accounting software suite.

“We are extremely proud to have developed this integration together with Cleardocs,” said Mr Lesh.

“This integration will help BGL clients automate the company registration process and eliminate the need to manually enter the company details in CAS 360, making the entire process a breeze.”

BGL said that the integration meant its clients just needed to click the “register via provider” button within the CAS 360 company registration screen and then select Cleardocs.

Managing director Asia and emerging markets at Thomson Reuters, Jackie Rhodes, welcomed increased ties with BGL.

“We are excited to provide BGL clients with full circle integration by enabling a seamless end-to-end process within CAS 360,” said Ms Rhodes.

“This development delivers real-time savings and improved accuracy to BGL clients, and it further cements our longstanding relationship with BGL.”

Cleardocs said this integration would help save time on data entry when registering a company, with just a few clicks required to transfer all the relevant data.

Mr Lesh said BGL aimed to integrate its suite of software with other companies in the future.

“Currently, this integration is exclusively for Cleardocs company incorporations, however, we plan to expand this feature in the future,” said Mr Lesh.

Founded in 1983, BGL Corporate Solutions started with only two employees and has grown to become one of the largest developers of compliance software in the world, with more than 180 employees globally.

BGL provides cloud-based company compliance management, SMSF and portfolio administration software to over 8,000 businesses in 15 countries.

BGL’s clients range from major accounting firms and law firms, financial planners, as well as many individual SMSF trustees.

Written by Josh Needs
Published by Accountants Daily on 03 June 2022
Click here to read on Accountants Daily website

BGL Corporate Solutions has added electronic lodgement to the trust tax return feature in its Simple Invest 360 package.

The managing director of BGL, Ron Lesh, said the company was first to market with the facility, which was developed in response to demand.

“It’s nice when you are first to market with highly requested features,” he said.

“While others talk about vapourware, the BGL product teams have delivered the electronic lodgment of the trust return, and I am incredibly proud of them.”

Written by Josh Needs
Published by Accountants Daily on 01 June 2022
Click here to read on Accountants Daily website

BGL Corporate Solutions has promoted its product manager of connected services, Brad Wilkinson, to head of Ecosystem.

BGL managing director Ron Lesh said that Mr Wilkinson had contributed greatly to the company in his most recent role and was well positioned to step up.

“Brad has been a valued and talented member of the BGL team for 12 years and is perfectly suited to lead BGL’s Ecosystem team into the future,” he said.

“Brad and his team were responsible for adding more than 250 data feeds, contributing to the 40,000-plus daily transactions processed through BGL’s Ecosystem.

“With Brad’s experience connecting the dots between data providers and BGL’s products, the Ecosystem team is well positioned to continue to lead the industry in connectivity in the years ahead.”

Mr Wilkinson joined BGL Corporate Solutions in 2010 and has worked in multiple roles including support consultant, data and business analyst, and most recently product manager of connected services.

“I’m super excited for the opportunity to lead the team,” he said.

“I look forward to working together with our partners to solve problems and save time for our clients.”

Mr Wilkinson has a degree in accounting, banking and finance, and a passion for software development and project management.

He is also a certified ScrumMaster (CSM), which is a framework for project management, and has experience in building relationships between data providers and various BGL products such as CAS 360, Simple Fund 360 and Simple Invest 360.

Mr Lesh said that he was excited to see employees rise up the ranks within the company, taking on advanced roles.

“We are proud to have an extraordinary talent pool at BGL that allows us to promote internally rather than seek externally for senior team members,” said Mr Lesh.

“It’s fantastic to see the team embrace opportunity and rise up the ranks at BGL.”

Founded in 1983, BGL Corporate Solutions started with only two employees and has grown to become one of the largest developers of compliance software in the world, with more than 180 employees globally.

BGL provides cloud-based company compliance management, SMSF and portfolio administration software to over 8,500 businesses in 15 countries.

Each year BGL hosts an annual event called BGL REGTECH, which allows it to connect with Ecosystem partners. The event explores the evolution of the industry from paper forms to software.

Published by Accountants Daily on 16 February 2022
Click here to read on Accountants Daily website

BGL Corporate Solutions managing director Ron Lesh said integration between Simple Fund 360, Simple Invest 360 and AVA Systems provides consolidated portfolio reporting for fund, trust, company and individual portfolios, which gives clients a holistic portfolio view.

AVA Systems chief executive and founder Andrew Quinn said he was pleased with the partnership and to be able to offer BGL clients AVA’s grouped reporting tool straight from their platform.

“I have been in the corporate advisory and insolvency sector for over a decade and saw the niche for accountants needing software to become more hands for their clients,” said Mr Quinn.

“Coupled with [AVA’s] family grouped reporting ability and [AVA’s] integration with BGL, AVA can now allow accountants to advise on how their clients are doing swiftly and efficiently. Superannuation, investments and businesses all tied into one.”

Apart from integrating with the BGL product suite through Simple Fund 360 and Simple Invest 360, AVA also allows clients to consolidate Xero ledgers, with more integrations coming in the near future.

“This is a real win-win for our clients,” added Mr Lesh.