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XU BGL National Winner of the 2024 Australian Achiever Awards

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Published by XU Magazine 08 May 2024
Click here to read on the XU Hub website

BGL celebrates repeated listing as one of Australia’s Best Technology Workplaces

The ranking comes just a few months after BGL announced its Great Place to Work® recertification for the 2023-2024 year.

“To be recognised again is a moment worth celebrating,” said BGL’s Chief Executive Officer, Daniel Tramontana. “It is a true testament to the hard work of our team. For us to be selected again speaks volumes about our passionate leaders throughout the business and the hard work of our People and Culture team to ensure our workplace culture is one where everyone feels supported and respected.”

Nadine Freitag, People and Culture Manager at BGL said: “We’re honoured to receive this recognition again. It reaffirms the impact of our People and Culture team, the leaders at BGL and the collective effort of every team member”.

Great Place To Work®, the leading global expert on workplace culture, unveiled the best-of-the-best organisations in the technology industry with a people-first, purpose-driven employee culture. These companies were shortlisted using a process involving thorough analytics and confidential employee input.

In recent years, BGL earned recognition on the 2023 Great Place To Work® Best Technology Workplaces in Australia List, Best Workplaces for Women List and the 2021 AFR BOSS Best Places to Work ranked as the 6th top technology workplace in Australia and New Zealand.

BGL launches CAS 360 Certification Program

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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.

BGL wins 2023 ABA100® Business Innovation Award

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BGL wins 2023 ABA100® Business Innovation Award

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 it has been recognised as an ABA100® Winner for Business Innovation in the Australian Business Awards 2023 for its AI-powered paper-to-data solution, BGL SmartDocs 360.

The Australian Business Awards are an annual comprehensive awards program that recognises organisations demonstrating the core values of business innovation, product innovation, technological achievement and employee engagement via established business and product award categories.

“This is a  truly remarkable achievement and a testament to the extraordinary efforts and dedication of our product development teams,” said BGL’s Managing Director Ron Lesh. “I couldn’t be prouder of their hard work developing our unique, innovative paper-to-data solution.”

BGL SmartDocs 360 is a multi-award winning, AI-powered paper-to-data solution that helps businesses unlock their full potential by transforming paper documents into smart digital data. The solution provides both Retail and Developer versions (currently in beta), meaning it can be integrated into any software solution or used by any business to convert paper into data.

“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,” added Lesh. “Once BGL SmartDocs 360 has learned the document type (it takes approximately 10 documents of the same type), 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.”

As a flagship product, BGL SmartDocs 360 positions BGL to expand its global reach by delivering a paper-to-data solution to organisations across the globe and industries seeking to streamline operations and improve efficiency.

BGL releases world first Annual Tax Statement automation

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BGL releases world first Annual Tax Statement automation

BGL Corporate Solutions has announced the release of Annual Tax Statement automation using BGL SmartDocs in Simple Fund 360 and Simple Invest 360.

BGL SmartDocs is a multi-award-winning, AI-powered paper-to-data solution fully integrated with BGL’s SMSF administration and investment management software, Simple Fund 360 and Simple Invest 360.

“This release is a huge achievement by our Big Data, Simple Fund 360 and Simple Invest 360 Product Teams and I’m extremely proud of everyone involved,” said Ron Lesh, BGL’s Managing Director. “This amazing new feature will free up valuable time for our Simple Fund 360 and Simple Invest 360 clients by eliminating the need for manual data input or the hassle of deciphering tax statements from Managed Funds, ETFs and Trusts.”

“BGL clients can simply upload or email Annual Tax Statements (image or PDF files) directly to their Simple Fund 360 or Simple Invest 360 software,” continued Lesh. “The built-in BGL SmartDocs feature will read the statement, extract the data and calculate the distribution tax components pre-filling the relevant fields in Simple Fund 360 or Simple Invest 360. The BGL SmartDocs feature displays the statement alongside the calculations providing a simple reconciliation process.”

Jeevan Tokhi, Head of Simple Fund 360 at BGL, said, “BGL continues to innovate and remove manual data entry for clients. In 2019, we released a tool that automated tax data processing by calculating the amount of each tax component and applying this to distributions received during the year. We extended in 2021 by automatically creating year-end accrual transactions and warnings in our built-in workpapers. Now, we have the incredible feature of extracting the tax components from the Annual Tax Statement PDF. This release is yet another step forward in the evolution of our zero-touch technology.”

BGL SmartDocs is currently reading two million pages per month and loading the extracted data into Simple Fund 360 and Simple Invest 360.

BGL releases Division 7A loan calculator in Simple Invest 360

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BGL releases Division 7A loan calculator in Simple Invest 360

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 release of a Division 7A loan calculator and manager feature in its accounting, investment and tax software, Simple Invest 360.

“We’re thrilled to introduce the Division 7A loan manager in Simple Invest 360,” said Ron Lesh, BGL’s Managing Director. “This feature equips BGL clients with cutting-edge tools to help them tackle the complexities of Division 7A loans, a fundamental component of contemporary accounting management that affects trusts and companies.”

Andrew Paszko, Simple Invest 360 Product Manager at BGL, said: “The Division 7A feature is the result of feedback from clients on the challenges faced by businesses dealing with Division 7A loans. This feature will not only calculate the minimum repayments and interest payments but will then post the journals for these payments to the ledger. These transactions can be posted for both companies as the lender as well as a trust or shareholders as the borrower.”

“Our Division 7A feature goes beyond traditional financial management software,” added Lesh. “With its integrated capabilities, users can easily reconcile ledger balances, ensuring financial accuracy and compliance. But what truly sets this feature apart is its seamless integration with dividend payments. We understand the common practice of offsetting minimum repayments, and our feature is designed to accommodate this efficiently.”

The Division 7A feature introduces a global entity view to Simple Invest 360, providing a comprehensive overview of Division 7A balances across entities and simplifying monitoring processes. Additionally, the feature offers clear differentiation between secured and unsecured loans, catering for varying loan terms. The intuitive user interface allows easy access to loan worksheets, ledger balances and documents linked to loans, streamlining the process of posting journals for dividends and interest and ensuring a cohesive and integrated workflow.

BGL REGTECH 2023 provides industry and technology update

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BGL REGTECH 2023 provides industry and technology update

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 celebrate the resounding success of its BGL REGTECH 2023 event, which drew 22 sponsors and 1,300 clients and prospects across 6 locations.

BGL REGTECH 2023 is BGL’s 6th annual accounting and technology event, which took place in Sydney, Brisbane, Adelaide, Perth, Hobart and Melbourne through August 2023. The Melbourne event was also live-streamed to BGL clients in rural and regional Australia and overseas.

“BGL REGTECH 2023 has been a resounding success and I’m immensely proud of the BGL team for organising such an impactful event,” says BGL’s Managing Director Ron Lesh. “I’m also incredibly grateful to our event sponsors, guest speakers and clients whose support has been instrumental in making this event possible.”

The event featured an all-star lineup of industry experts, including Sharon McClafferty, Co-Founder and CEO at Slipstream and Steph Hinds, Head Ninja at Growthwise. BGL’s Ron Lesh, Founder and Managing Director, Daniel Tramontana, CEO and Warren Renden, General Manager – CAS 360, Ecosystem and Brand, also presented at the event.

“This year, BGL REGTECH focused on helping people Retain, Educate and Grow themselves, their teams and their clients through the power of technology, people, processes and experiences,” continued Lesh. “We also announced a slew of innovative new features, integrations and products, or what we like to call our WOW moments.” Notable highlights included the BETA release of BGL SmartDocs 360, our AI-powered paper-to-data software solution and BGLiD, a client identity verification solution available to all BGL clients in late August 2023.

“We’ve seen and will continue to see many positive changes and innovations happening at BGL, benefiting our clients and our team. Sharing this journey with the amazing attendees of BGL REGTECH 2023 has been truly exciting and humbling. We can’t wait to welcome everyone at BGL REGTECH 2024!” concluded Lesh.

BGL launch BGLiD to simplify identity verification processes for clients

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BGL launch BGLiD to simplify identity verification processes for clients

GL Corporate Solutions (BGL), Australia’s leading provider of company compliance, self-managed superannuation fund (SMSF) and investment management software, is proud to announce the launch of its client identity verification solution, BGLiD.

BGLiD launched at BGL REGTECH, Sydney on 1 August 2023. BGL REGTECH is BGL’s annual event that this year is focused on helping its clients Retain, Educate and Grow.

“This is another great achievement by the BGL team and I’m extremely proud of everyone involved,” said Ron Lesh, BGL’s Managing Director. “BGLiD will simplify the client identity verification process for CAS 360 clients, eliminating the need for manual ID verification.”

BGLiD is a simple client identity verification solution seamlessly integrated with BGL’s CAS 360 – the world’s leading company and trust management solution. BGLiD validates IDs across various datasets, including Government ID, Anti Money Laundering, Global Sanctions and Adverse News databases to verify an individual’s identity in seconds. BGLiD is powered by FrankieOne.

Warren Renden, General Manager – CAS 360, Ecosystem and Brand at BGL, said: “We are in the business of solving problems for our clients. BGLiD allows any CAS 360 client to complete ID verifications and AML checks using their existing CAS 360 contact data, with no set-up required.”

BGLiD will be released to all BGL clients in late August 2023.

CAS 360 now supports 3,300+ clients managing 850,000+ companies and 150,000+ trusts across Australia, New Zealand and Singapore, with releases in Hong Kong and the United Kingdom in the not-too-distant future.

“We are still at the beginning of the CAS 360 journey. With Hong Kong and the United Kingdom coming soon, 1,000,000+ companies is next on our charts,” concluded Lesh.

BGL’s partnership with FuseSign reaches new heights!

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BGL’s partnership with FuseSign reaches new heights!

BGL Corporate Solutions (BGL), Australia’s leading provider of company compliance, self-managed superannuation fund (SMSF), and investment management software, is proud to announce its partnership with FuseSign, a cutting-edge digital signing provider, has reached a significant milestone with over 100,000 documents now signed with FuseSign in BGL products during the 2022/23  financial year.

“This is a huge milestone for the BGL and FuseSign teams,” said Ron Lesh, BGL’s Managing Director. “Our partnership continues to transform how accountants manage their clients’ compliance and streamline document delivery and signing processes.”

FuseSign has quickly risen to become the most widely used digital signing provider for BGL, a testament to its industry focus, efficiency and reliability. As a result, BGL has seen remarkable growth, with over 100,000 documents signed with FuseSign in the 2022/23 financial year. This achievement translates to nearly 400 documents signed by clients on every business day, showcasing the platform’s indispensable value.

“Our partnership with FuseSign aligns perfectly with our commitment to delivering exceptional solutions built for professionals,” continued Lesh. “Together, we aim to revolutionise the way our clients manage compliance and enhance the client experience through seamless digital signing.”

The synergy between BGL and FuseSign extends beyond their shared focus on the professional services industry. Both businesses are driven by a passion for innovation, client-centric values and a commitment to providing first-class services. This collaboration will pave the way for further advancements and growth in the industry.

To celebrate this partnership and showcase the power of FuseSign in action, BGL is excited to have FuseSign as a platinum sponsor of BGL REGTECH, its annual event that kicked off in Sydney on 1 August 2023. At the event, attendees visiting FuseSign’s booth can see firsthand how this integration simplifies document management and enhances productivity.

BGL announces BETA of SmartDocs 360 AI powered paper-to-data solution

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BGL announces BETA of SmartDocs 360 AI powered paper-to-data solution

GL Corporate Solutions (BGL), Australia’s leading provider of company compliance, self-managed superannuation fund (SMSF) and investment management software, is proud to announce the BETA release of its AI powered paper-to-data software solution, BGL SmartDocs 360.

“I’m thrilled to announce the BETA release of BGL SmartDocs 360,” said Ron Lesh, BGL’s Managing Director. “This sensational addition to the BGL cloud product suite is a testament to our product development teams’ outstanding efforts and dedication. I couldn’t be prouder of their hard work developing this innovative and unique paper-to-data solution.”

BGL SmartDocs 360 is a multi-award winning, AI powered paper-to-data solution that helps businesses unlock their full potential by transforming unstructured data into smart digital data.

The solution provides both Retail and Developer (no-code AI) solutions, meaning it can be integrated into any software solution or used by any business to convert paper into data. The Developer solution was released to BETA in October 2022.

“We initially developed BGL SmartDocs as part of our existing compliance offerings, SimpleFund 360 and Simple Invest 360,” continued Lesh. “BGL SmartDocs reads PDF or image files, extracts the information and converts it into useful digital data using artificial intelligence, saving our clients a huge amount of time and money while dramatically reducing errors and improving efficiency. As the SmartDocs technology evolved, we realised it could provide a solution for many businesses leading to the creation of BGL SmartDocs 360.”

“What makes BGL SmartDocs 360 so exciting and unique is that it uses artificial intelligence with advanced deep learning algorithms to process documents. BGL SmartDocs 360 learns from documents submitted through its training engine, unlike other solutions that require the creation of templates for each document layout. Once BGL SmartDocs 360 has learnt the document type (it takes approximately 10 documents of a type), it will permanently process the document type even if the document itself changes in layout. The document can be either a PDF or an image.”

“The AI data identification capability of BGL SmartDocs 360 allows businesses dealing with high document volumes, such as accountants, SMSF and investment administrators, to easily upload or email documents for automated processing,” concluded Lesh.

As a flagship product, BGL SmartDocs 360 positions BGL to expand its global reach by delivering a paper-to-data solution to organisations across the globe and industries seeking to streamline operations and improve efficiency.

BGL released BGL SmartDocs 360 to BETA at BGL REGTECH, Sydney on 1 August 2023. BGL REGTECH is BGL’s annual event that this year is focused on helping its clients Retain, Educate and Grow. Both the retail and developer BGL SmartDocs 360 solutions are now in BETA, with a commercial release planned for the not-too-distant future.

BGL is proud to announce the promotion of Nadine Freitag to Head of People and Culture.

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BGL is proud to announce the promotion of Nadine Freitag to Head of People and Culture.

BGL Corporate Solutions (BGL), Australia’s leading provider of company compliance, self-managed superannuation fund (SMSF) and investment management software, is proud to announce the promotion of Nadine Freitag to Head of People and Culture.

The announcement was made at BGL REGTECH, Sydney on 1 August 2023. BGL REGTECH is BGL’s annual event that this year is focused on helping its clients Retain, Educate and Grow.

Recently, Freitag was appointed to the BGL Executive Team. “I am so proud of Nadine and excited to see her take on this new role,” said Daniel Tramontana, BGL’s Chief Executive Officer. “Nadine’s passion for fostering a supportive work environment and dedication to our team’s well-being aligns perfectly with BGL’s core values. I have no doubt Nadine will play a pivotal role in leading BGL into the future.”

Since joining BGL in 2021 as People and Culture Manager, Freitag has been instrumental in implementing various initiatives to advance career development, mental health and well-being at BGL.

“Nadine’s efforts over the past 2 years have significantly strengthened our exceptional workplace culture. With her can-do attitude and unwavering commitment to BGL’s betterment, Nadine represents everything that makes us great,” continued Tramontana.

Freitag’s qualifications include a Diploma in Human Resources Management and qualifications in Strategic HR Planning from the Australian Institute of Management. She is also a Certified Strengths Profile Practitioner and Mental Health First Aider, who is dedicated to fostering a positive and supportive work environment.

“I’m excited to be given this opportunity and very much looking forward to embarking on this next chapter of my BGL journey,” said Freitag. “Ron and Daniel’s belief in my abilities and support has been the driving force behind this achievement, along with my awesome team, who have been my biggest supporters over the past 2 years. Comfort zones are a beautiful place, but nothing ever grows there and I’m always keen for a challenge, so here goes!”