BGL is using generative AI to provide clients with a simple financial analysis of their financial statements in Simple Fund 360 and Simple Invest 360.
We’re excited to share the first Simple Fund 360 and Simple Invest 360 update for 2024!
Documents and Workflow
Leverage BGL’s new generative AI technology and integrated Workflow module to automate job creation directly from the Documents screen! This feature works for any document with the AI suggesting the appropriate tasks. Learn More
BGL SmartDocs Email
When an email is received by BGL SmartDocs, its AI technology will evaluate if the email content can be used as accounting documentation, triggering accounting tasks, administration or other workplace-specific activities. If the content meets the criteria, the email is automatically converted to PDF and stored in the Document screen of the specific fund or entity. These PDF emails can also be attached in the Workpapers screen. Learn More
Audit Management screen
Track SMSF audits from start to finish with the new Audit Management screen. Update the audit status and store all documents manually or automatically allowing users to integrate with audit partners and other platforms. Once an audit is complete, easily update the annual return from the same screen. Learn More
This feature is exclusively available in Simple Fund 360.
Workpapers
Save time reconciling 85000 Tax Payable accounts with the new income tax reconciliation table. This feature will automatically populate the current year’s tax payable/refundable and instalment amounts, requiring only manual entry for adjustments to calculate the closing balance. Learn More
This feature is exclusively available in Simple Fund 360.
Workpapers
External document URLs (e.g., Sharepoint, OneDrive, FYI Docs, Dropbox, or Google Drive links) can now be attached in the Working Paper Detail section and Supporting Documents. Users can now also adjust the document order for Working Paper Details and Supporting Documents. Learn More
Workpapers
To view the list of transactions for each account for a Workpaper, the current year transactions can now be viewed within the Workpapers screen. Clicking on a transaction will open the entry in the Transaction screen. Learn More
Pension Commutation Wizard
Transactions posted using the Pension Commutation Wizard now clearly indicate whether they are partial or full commutations. This feature is exclusively available in Simple Fund 360. Learn More
Corporate Actions
10 mergers have been added to Corporate Actions. A warning message will now also be displayed if there is a future disposal or CGT event. Learn More
Reports
The Operating Statement now has the option to combine property expenses. Learn More
Plus, many more new features and improvements.
Stay tuned for future releases!
Jeevan Tokhi
Head of Product – Simple Fund 360, Simple Invest 360 and BGL SmartDocs 360
E: JTokhi@bglcorp.com.au | P: 1300 654 401
Connect with me on LinkedIn
“We’re so excited to hit the road and connect with our incredible clients face-to-face,” said BGL’s Chief Executive Officer, Daniel Tramontana. “The BGL Masterclass is an absolute must-attend for BGL CAS 360, Simple Fund 360 and Simple Invest 360 clients seeking a deeper understanding of their software and how they can boost productivity.”
The BGL Masterclasses will be presented by an all-star lineup of BGL experts featuring Andrew Paszko, Simple Invest 360 Product Manager, Jeevan Tokhi, Head of Simple Fund 360 and Warren Renden, General Manager – CAS 360, Ecosystem and Brand.
The event will cover new and key features and their benefits, best practices and processes, essential BGL Suite integrations and time-saving tips, tricks and shortcuts. Plus, attendees will get an exclusive sneak peek at BGL’s product roadmaps.
Warren Renden, General Manager – CAS 360, Ecosystem and Brand at BGL, said, “The BGL Masterclass is not just an event – it’s an interactive and immersive learning experience for our clients. We are beyond excited to showcase our latest features and their benefits, ensuring our clients have the skills and knowledge to unlock the full potential of their BGL software. The purpose of the Masterclasses is to help our clients improve their skills and knowledge. That’s why we offer many learning resources, including the BGL Masterclass and BGL REGTECH events, live and on-demand online product training, webinars, education weeks and more!”
The BGL Masterclass will take place in Adelaide (05/03), Perth (06/03), Sydney (19/03), Brisbane (20/03) and Melbourne (26/03).
For more information and to reserve your place, visit www.bglcorp.com/bglmasterclass.
We are excited to announce the latest update for Simple Fund 360 and Simple Invest 360. Click here to check out the full release notes.
Join Jeevan Tokhi, Head of Simple Fund 360, and special guest Aaron Dunn, CEO and Co-founder of Smarter SMSF, for a webinar on Tuesday 19 December 2023 at 11:00 AEDT, as we highlight the most exciting feature releases of 2023. Register Now!
Join the conversation in the Simple Fund 360 and Simple Invest 360 online communities.
Property Dashboard: BGL now integrates with CBRE to provide clients with seamless access to property valuation services that meet SMSF audit requirements across residential, commercial and agribusiness assets. Learn More
Cash Flow Analytics: A new analytics dashboard has been created to display bank balances versus minimum/maximum targets, cash in/out by month and cash flow from investment income for SMSFs, trusts and companies. Learn More
Custom Reports: Custom Reports now support 3 new mail merge fields for Business Activity Statements (BAS) and Instalment Activity Statements (IAS):
Corporate Actions: The following ASX mergers have been added to Corporate Actions:
Workpapers: An N/A option has been added to all the standard checklists in Accounting Workpapers. This is ideal for items not required to be checked for the entity. Learn More
Workflow: The Entities screen now supports sorting by entity code and filtering by multiple labels. Also, changing the status of a Job to Complete will now automatically complete all tasks for that job. Learn More
Fund Transfers: The fund transfer process now allows for the export of Workpapers. This is optional and can be turned off if required. Learn More
Plus, many more new features and improvements. Remember to check out the full release notes in the Simple Fund 360 / Simple Invest 360 Online Help and join the conversation in the Simple Fund 360 and Simple Invest 360 online communities. Links to previous update release notes are below:
Stay tuned for future releases!
Jeevan Tokhi
Head of Simple Fund 360
E: JTokhi@bglcorp.com.au | P: 1300 654 401
Connect with me on LinkedIn
BGL is proud to announce its partnership with Crypto Tax Calculator to simplify cryptocurrency transaction data processing for SMSFs.
We are excited to announce the latest update for Simple Fund 360 and Simple Invest 360.
BGL is proud to announce its strategic partnership with Open Banking intermediary, Skript.
We are excited to announce the latest update for Simple Fund 360 and Simple Invest 360. Join the conversation in the online communities.
BGL launch integration with fintech and insuretech software provider, Canni Money, to help accountants optimise retirement savings for their SMSF clients.
“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.
© 2025 BGL Corporate Solutions Pty Ltd.
Recent Comments