BGL is proud to announce the commercial release of BGL SmartDocs 360, a multi-award-winning AI-powered paper-to-data solution.
We’re excited to share the latest Simple Fund 360 and Simple Invest 360 update!
Global Audit Management
A new Global Audit View is now available to track audits at a firm level and display analytics on their progress. Learn More
Open Banking (Closed Beta)
BGL’s open banking integration with Skript provides Simple Fund 360 and Simple Invest 360 with direct data feeds from over 110 banks (all banks in Australia), closed accounts, term deposits and loan accounts. To request beta access, email [email protected].
Transaction Recode (Open Beta)
The new Transaction Recode screen is now available to all users with access to the Transaction Recode user role. It supports the re-coding of all Investment transactions as well as select income, expense, asset and liability transactions. Learn More
Custom Form Status
A custom status can now be added to SMSF Annual Returns, BAS and IAS forms. Learn More
Entity Relationships
A new Copy All Emails function in the Entity Relationships screen provides quick copying of all contact email addresses to a clipboard or an email. Learn More
Documents
A Digital Signing Audit Report is now available for download in the Documents screen. The signing providers (FuseSign, DocuSign and Adobe Sign) issue these reports to certify digital signatures with signer details like identity, IP address and more. Learn More
Mobile View
A new mobile-friendly view is available for core functions, including logging in, setting and resetting multi-factor authentication (MFA) and passwords.
Smart Reports
The Smart Reports period dropdown now has new “Year to Date” and “Since Inception” options. 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
BGL achieved an impressive rank of #13 in the Technology category and #83 overall on the AFR’s 2024 Most Innovative Companies list. This marks the 4th time in 6 years BGL has been included on the AFR list.
“This is a sensational achievement by the BGL team,” said BGL’s Founder and Director, Ron Lesh. “I’m incredibly proud of each and every team member for their hard work and passion for innovation.”
BGL’s 2024 AFR submission featured the BGL AI Assistant, the world’s first generative AI tool for financial analysis, transforming how BGL clients—accountants, administrators and advisors—interact with financial data, unlocking deep insights into SMSF, company and trust financial statements.
Integrated into BGL’s Simple Fund 360 and Simple Invest 360 software solutions, the BGL AI Assistant analyses balance sheets, operating statements and cash flow statements, delivering intelligent commentary, identifying trends, assessing financial strength, evaluating performance and highlighting any cash flow concerns and red flags. It enables BGL clients to unlock unprecedented insights regardless of their expertise, empowering them to make strategic decisions and optimise financial performance for their clients.
Additionally, the BGL AI Assistant enhances workflow efficiency by automatically generating suggested tasks from financial documents and allowing users to ask specific questions about the data.
“We’ve only just begun to tap into the potential of generative AI,” added Lesh. “There are even more exciting developments on the horizon and we can’t wait to continue driving innovation for our clients.”
We’re excited to share the latest Simple Fund 360 and Simple Invest 360 update!
Contract Notes Service
A new Contract Notes transaction export has been introduced to make transaction analysis and reconciliation easier. Learn More
Document Uploader Widget
In the Documents screen, when a folder is selected from the left-hand side list, uploading a document via the new widget will automatically prefill the respective folder name. 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
This significant achievement solidifies CAS 360 as the software of choice for company secretarial compliance, providing unmatched support to businesses in Australia, Hong Kong, New Zealand, Singapore and the UK.
“We are incredibly proud of CAS 360’s journey,” said BGL’s Founder and Director, Ron Lesh. “Reaching 1 million companies is a testament to our team’s hard work and our clients’ trust in us. From day one, we had a goal to simplify compliance for businesses and this milestone highlights why CAS 360 is the global leader in company secretarial software.”
“Since its beginning, CAS 360 has been an invaluable resource for businesses, accounting firms and corporate service providers “ said Warren Renden, General Manager of CAS 360. “With continuous updates, including innovations like BGLiD and AI-powered automation, BGL remains dedicated to providing best-in-class compliance technology that helps reduce risk, save clients time and effortlessly manage their business.”
Launched in Australia in February 2017, CAS 360 quickly became the leading choice for managing company compliance, delivering industry-leading features such as automated Annual Reviews, company formation and document preparation. In less than 21 weeks, CAS 360 registered over 100,000 companies and has grown rapidly, expanding to many new jurisdictions.
“This is an incredible milestone for CAS 360,” said BGL’s Chief Executive Officer, Daniel Tramontana. “Our pursuit for innovation and our dedication to providing the right tools for firms across the globe continues. We’re not just building software at BGL we’re revolutionising how businesses manage compliance and this is only the beginning!”
Starting 30 September 2024, BGL Education offers expert training to help clients unlock the full potential of their CAS 360, Simple Fund 360 and/or Simple Invest 360 investment.
“We’re thrilled to launch BGL Education as part of our ongoing commitment to client education and support” says BGL’s Founder and Director, Ron Lesh. “Our goal is to have every BGL client feel confident and equipped to make the most of our products. Our experts will lead a series of short webinar courses to ensure clients can learn directly from BGL professionals and unlock the value of the BGL Suite.”
Daniel Tramontana, Chief Executive Officer at BGL, added, “At BGL, we know that client success is based on knowledge and skills. Education is not simply a training program; it’s an opportunity to provide our clients with the tools they need to navigate confidently in an evolving industry.”
BGL Education will run from 30 September 2024 to 18 October 2024 and deliver specialised training across BGL’s software solutions. It will start with Simple Fund 360 covering topics such as Pensions, Superstream and SMSF Essentials. This will be followed by Simple Invest 360 covering topics such as income streaming and Division 7A loans. Finally, CAS 360 will wrap up with a week of company compliance training featuring webinars on Trust Management, Annual Reviews and more.
For more information and to register for each webinar individually, please visit bglcorp.com/education.
The integration seamlessly connects BGL’s company, trust and ID verification management software, CAS 360 with Registry Direct—an advanced share and unit registry platform. This collaboration provides public companies with comprehensive tools to meet their complex legal obligations, including shareholder management, TFN and AIIR reporting and withholding tax calculations.
“We are excited to welcome Registry Direct to the BGL Ecosystem” said BGL’s CEO Daniel Tramontana. “This integration will help our clients simplify and centralise their compliance tasks, ensuring listed and unlisted public companies can efficiently meet their regulatory requirements. By combining the power of CAS 360 with Registry Direct’s extensive registry services, clients will experience a more streamlined, automated solution that reduces manual workloads and mitigates compliance risks.”
Steuart Roe, Managing Director at Registry Direct said: “We are thrilled to announce the launch of our integration with BGL’s CAS 360 product. This integration will simplify the process for accountants and advisers, helping them assist their listed and unlisted public company clients on the CAS 360 platform to meet their legal obligations. Specifically, Registry Direct’s platform facilitates the provision of TFN and AIIR reports to the Australian Tax Office, holding shareholder meetings and calculating resident and non-resident withholding tax for dividend payments—each a legal requirement for public companies. These and other great features on our platform perfectly complement CAS 360, creating a complete compliance and share registry solution. We are the perfect marriage.”
“With this integration, BGL clients managing listed and unlisted public companies can now seamlessly transfer data between CAS 360 and Registry Direct” added Tramontana. “This ensures synchronised data across both platforms, enabling automated ATO reporting, dividend payment calculations, and shareholder communication—all in one place.”
BGL’s API is used extensively across the industry with 400+ data feed and integration partners in the BGL Ecosystem, delivering a holistic experience to BGL clients.
About Registry Direct
Registry Direct provides share and unit registry services and software to thousands of companies and trusts operating in Australia, from start-ups to multinationals. The platform is comprehensive, easy to use and proven by client use and demand. For more information, visit www.registrydirect.com.au.
We’re excited to share the latest CAS 360 update!
BGL SmartDocs 360 and ASIC Invoices
Leveraging the power of BGL SmartDocs, a multi-award winning innovative AI-powered document reader, CAS 360 now extracts debt due dates, dollar amounts and line items from ASIC invoices. ASIC debt due dates are now included in Company Debt Alerts in the Company Selection screen. Learn More
Daily Summary Emails
The daily summary email feature is now jurisdiction-specific. Summary emails will only include key actions in CAS 360 since the user’s last login, tailored to the user’s jurisdiction as needed. Learn More
Please reply to this email or contact your Account Manager if you need any further information.
Regards,
Warren Renden
General Manager – CAS 360, Ecosystem and UK
E: [email protected] | P: 1300 654 401
Connect with me on LinkedIn
The integration seamlessly connects BGL’s market-leading SMSF administration software, Simple Fund 360, to AuditCover—an InsurTech solution that provides comprehensive tax audit insurance to protect SMSFs, businesses and individuals from unforeseen professional fees arising from tax audits.
“We are excited to welcome AuditCover to the BGL Ecosystem” said BGL’s CEO Daniel Tramontana. “This integration empowers BGL clients to offer their SMSF clients reliable protection against unexpected accounting fees associated with tax audits. Accountants now have the ability to share insurance options with their clients effortlessly, helping them add value to their services.”
The integration simplifies the quoting process for BGL clients. It automates campaign setup, policy renewals and client communications ensuring a hassle-free experience for accountants and their clients. With flexible options, accountants can send personalised quotes to their entire client base or onboard new clients with tailored coverage.
“AuditCover’s seamless integration with Simple Fund 360 ensures accountants can protect their clients while keeping administrative workloads to a minimum” continued Tramontana. “The ease of use, combined with cost-free practice integration, makes this partnership a valuable addition to the BGL Ecosystem.”
Gil Snir, CEO at AuditCover commented on the integration: “We’re thrilled to be partnering with BGL to bring tax audit insurance to over 300,000 SMSFs on their platform. With ATO scrutiny on SMSF compliance at an all-time high, this integration is incredibly well suited for the current landscape. BGL clients can now provide access to insurance solutions for their SMSF clients in just seconds, adding value and simplifying the entire process.”
Brad Wilkinson, Head of Ecosystem at BGL, said: “Our clients value solutions that simplify complex processes and this integration with AuditCover offers just that—an easy, efficient way to ensure their clients are protected. With access directly from Simple Fund 360, setting up and managing audit insurance has never been easier.”
BGL’s API is used extensively across the industry with 400+ data feed and integration partners in the BGL Ecosystem, delivering a holistic experience to BGL clients.
For more information, visit www.auditcover.com/bgl.
About AuditCover
AuditCover is the technology-driven tax audit insurance provider serving thousands of taxpayers, accountants, and small businesses across Australia. As a trusted partner to leading accounting firms, AuditCover makes tax audit fee protection faster, more secure, and delivered directly to the taxpayer.
Integrated with leading accounting software, including Xero, MYOB, and BGL, AuditCover transforms audit insurance into a seamless process for everyone, eliminating painful paperwork, lengthy setup times, and ensuring data security. AuditCover is changing tax audit insurance for good, offering firms and their clients more choice and freedom when it comes to tax audit fee protection.
For more information, visit www.auditcover.com.
We’re excited to share the latest Simple Fund 360 and Simple Invest 360 updates!
AuditCover Integration
The integration with tax audit insurance provider AuditCover allows Simple Fund 360 clients to offer their SMSF clients an option for cover against unexpected accounting fees when responding to tax audits. With AuditCover, your clients hold their own policy so that admin is minimal and renewals are automated. Learn More
This feature is exclusively available in Simple Fund 360.
Macquarie Account
The Open New Macquarie Account feature initiates the account opening process at Macquarie with prefilled information, making it more streamlined and efficient. Learn More
Wind Up Wizard
The new Wind Up Wizard provides a step-by-step process for winding up a fund and managing SuperStream payments. Learn More
This feature is exclusively available in Simple Fund 360.
Trust Income Schedule
A new CSV import feature enables the bulk import of schedules without modifying transactions. Learn More
Investment Income Generation
The new Investment Income Generation feature assists in capturing income for all entity types where a bank feed is not available. Learn More
Feed Management
A new Registry HIN/SRN Report feature provides an export of HIN/SRN and postcode information for investments across all entities. Learn More
BGL SmartDocs – Unmatched Transactions
BGL SmartDocs now extracts data from ASIC invoices and council rates. When an ASIC or Council Rates transaction has a relevant document attached, BGL SmartDocs will now automatically locate the document and display it in the Smart Matching screen. Learn More
BGL SmartDocs – Coded Transactions
As BGL SmartDocs now extracts data from ASIC Invoices and Council Rates notices, when a document is uploaded after a transaction has been coded, BGL SmartDocs automatically attaches the document to the transaction. These files will also seamlessly flow into the Accounting Workpapers. Learn More
Corporate Actions
4 new mergers have been added to Corporate Actions:
SIH: 14/08/2024
PGL: 02/08/2024
ALU: 02/08/2024
AWC: 02/08/2024
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
© 2024 BGL Corporate Solutions Pty Ltd.
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