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BGL Update

BGL’s CAS 360 Singapore turns one!

By BGL Update, CAS 360No Comments

BGL is proud to celebrate the 1st anniversary of its company secretarial software solution, CAS 360 Singapore.

The milestone comes just a week after BGL surpassed 800,000 companies managed by its CAS 360 software across Australia, New Zealand and Singapore. 

“I’m incredibly proud of the BGL Team and what they have achieved over the past 12 months,” said Ron Lesh, BGL’s Managing Director. The success of CAS 360 Singapore is a testament to their hard work and dedication. I also want to thank our clients for providing valuable feedback and helping drive the development of CAS 360 Singapore, which today supports over 120 firms, managing over 14,000 companies. A truly fantastic achievement by all.” 

Launched in late April 2022, CAS 360 Singapore is a complete company secretarial software solution and a huge time-saver for accounting firms and corporate service providers. With its powerful automation, CAS 360 provides workflows for managing common changes for companies and Annual Returns, saving clients time and increasing their productivity. In addition, CAS 360 was Singapore’s first cloud-based company secretarial software to integrate with the Accounting and Corporate Regulatory Authority (ACRA)’s Application Programming Interfaces (APIs) to provide seamless electronic Annual Return and updates of share information filing. 

Warren Renden, Head of CAS 360 at BGL, said: “The CAS 360 Team has delivered well beyond our greatest expectations, releasing an impressive 8 software updates in just 12 months, adding a range of new features including automated document reminders, support for foreign branch companies, Singapore company name change documents, a dedicated AML / CDD compliance workflow and much more. However, these features are just the tip of the iceberg. CAS 360 boasts an extensive feature set that continues to grow with new, client-focused features and enhancements now released every 2 weeks.”

“The future is bright indeed for CAS 360. We have big plans, including the official release of CAS 360 Hong Kong (currently in beta), the start of work on CAS 360 United Kingdom and further development in Australia and New Zealand. Certainly, watch this space!” concluded Lesh. 

For more information, please visit www.bglcorp.com.sg 

Simple Fund 360 Subscription Fee Increase – 1 July 2023

By BGL Update, Simple Fund 360No Comments

BGL will increase the base subscription fee for Simple Fund 360 Professional Edition on 1 July 2023. 

It has been 2 years since BGL last increased its Simple Fund 360 Professional Edition software subscription fees, and a lot has happened in that time.

Over the past 2 years, the Simple Fund 360 Team has released software updates every 3 weeks with hundreds of new features, enhancements and compliance changes. Some of the new features include:

The time has therefore come to increase the Simple Fund 360 Professional Edition software subscription fees.

From 1 July 2023, the base subscription fee for Simple Fund 360 Professional Edition will increase from $110.00 per fund per annum plus GST to $120.00 per fund per annum plus GST.

There is no change in subscription fees for the Simple Fund 360 Bank Data or Share Data Pack services.

Clients will have the opportunity “Lock in current subscription pricing” by paying their Simple Fund 360 Professional Edition software subscription fees annually in advance at the current base subscription rate before 30 June 2023. BGL will provide details of how to take advantage of this opportunity soon.

If you have questions regarding your BGL software subscription, please reply to this email or call your Account Manager on 1300 654 401.

A sneak peek at BGL’s Company Secretary 101: A Beginner’s Guide on-demand training course!

By BGL UpdateNo Comments

BGL has launched a comprehensive, on-demand version of its hugely popular training course, Company Secretary 101: A Beginner’s Guide, on the BGL Learning Channel!

To celebrate the launch, we invite you to attend our free live 1-hour webinar on Thursday, 27 April 2023 from 14:00 – 15:00 AESTRegister Now!

Presented by Anthony Costa, Training and Documentation Manager at BGL, this webinar will give you a sneak peek at the Company Secretary 101: A Beginner’s Guide on-demand training course. We will also briefly demonstrate the BGL Learning Channel, including how to access and navigate it.

Date: Thursday 27 April 2023
Time: 14:00 – 15:00 AEST

Can’t make it to our live webinar? Register anyway to get the recording!

REGISTER NOW!

What is the BGL Learning Channel?

The BGL Learning Channel is a free, on-demand training platform exclusively for BGL clients. It can be easily accessed via the app switcher in your CAS 360, Simple Fund 360 or Simple Invest 360 software. Click here for instructions.

Once logged in to the BGL Learning Channel, you can access a free library of on-demand, self-paced BGL product training courses and modules, including the Company Secretary 101: A Beginner’s Guide course.

What is the Company Secretary 101 training course? 

The Company Secretary 101: A Beginner’s Guide course is ideal for new ASIC registered agents, accountants and administrators or those wanting to refresh their skills. It will provide participants with an understanding of the role, responsibilities and functions of an ASIC registered agent, along with some basic concepts such as:

  • Company basics (what is a company?)
  • Compliance basics (what are the obligations of a company?)
  • Company reports, forms and Annual Reviews (oh my!)
  • What is CAS 360? (and why you’ll love it)

Course Details:

  • 4 modules (45 minutes in total)
  • Interactive exercises and final assessment
  • Certificate of achievement (2 CPD hours)
  • Exclusive to the BGL Learning Channel
  • FREE unlimited access for BGL clients

To learn more, visit www.bglcorp.com/company-secretary-course.

BGL integrates with accountantsGPS to streamline SMSF reporting

By BGL Update, Simple Fund 360No Comments

BGL is proud to announce its multi-award-winning SMSF administration software, Simple Fund 360, now integrates with the Fintech platform, accountantsGPS, to provide its clients with a new digital SMSF Check-Up Report.

“We are thrilled to add Melbourne-based Fintech, accountantsGPS, to the BGL Ecosystem,” said BGL’s Managing Director Ron Lesh. “This integration allows Simple Fund 360 clients to produce a new SMSF Check-Up Report using accountantsGPS’ proprietary technology – a first for the SMSF market and available exclusively to BGL clients.” 

“The digital SMSF Check-Up Report provides a comprehensive analysis of a fund’s compliance and financial situation to evaluate how a fund is progressing in many key areas,” continued Lesh. “The report includes SMSF documentation, investment performance, investment policy development, contribution strategies, investment property performance (including debt position), insurance and estate planning. The report will help Simple Fund 360 clients to determine whether the Trustees and Members of a fund will meet their compliance obligations as well as their longer-term investment and retirement goals.”

George Haramis, CEO and Co-Founder of the Fiduciary Group and accountantsGPS, said: “As one of Australia’s leading digital providers of personal financial advice, we are absolutely thrilled to have progressed our digital technology capabilities to develop the SMSF Check-Up Report. It is particularly exciting for our business to partner exclusively with BGL and offer this unique and valuable service to their accounting clients. Accountants can now undertake a comprehensive analysis of their clients’ SMSF across a number of key areas adding additional value to Trustees and Members and eliminating the time, cost and angst of trying to create a report manually, if achievable at all. It is a long-awaited development for the SMSF sector that has finally arrived.”

Jeevan Tokhi, Head of Simple Fund 360 at BGL, said: “The integration allows BGL clients to log in to the accountantsGPS platform using their Simple Fund 360 credentials. Clients can then authorise Simple Fund 360 to pass information relating to all or a select number of their SMSFs to the accountantsGPS platform. BGL’s API will pre-fill 95+% of the information required to complete the SMSF Check-Up Report, making this a simple streamlined process that takes just a few minutes per fund. Importantly, it means clients can provide the report for their SMSFs without requiring an Australian Financial Services (AFS) licence.” 

BGL’s free and open API is used extensively across the industry. Over 350 data feed and integration partners in the BGL Ecosystem deliver a holistic experience to our clients.

To learn more about this integration and see it in action, attend our free live 1-hour webinar with BGL and accountantsGPS, on Thursday, 13 April 2023 at 12:00 AESTRegister Now!

About Fiduciary Financial Services Pty Ltd trading as accountantsGPS

Fiduciary is a Melbourne-based Fintech that owns both accountantsGPS and moneyGPS. 

accountantsGPS was established to provide relevant services to the accounting profession, commencing with the development of the SMSF Digital Check-Up Report. accountantsGPS also offers a comprehensive program of client-related digital advice and other related financial services, including SMSF Advice, to be made available to an accountant’s wider client base via moneyGPS – without the need for the accountant to become licensed. For more information, please visit www.app.accountantsgps.com.au

accountantsGPS is a proud sponsor of the Self-Managed Super Fund Association.

Digital SMSF Check-Up Report Disclaimer

It is important to note that while the Digital SMSF Check-Up Report provides detailed feedback on the health of the fund, the information contained is factual in nature, and nothing should be read to constitute financial advice, nor should the information be acted upon without professional advice.