Specialist accounting software provider BGL has closed beta on its Simple Fund 360 application and began releasing the new facility to a limited number of its existing clients at the start of August.
The new development has come as part of a series of moves designed to ready clients for the adoption of the new application, one of them being the agreement of nearly 15,000 accounts to use the BGL bank data service.
“We have been working hard to get our clients ready for Simple Fund 360. Simple Fund 360 is all about automation. Automating bank, contract note and registry data is the key to SMSF processing efficiency. Simple Fund 360 takes automation to a new level,” BGL managing director Ron Lesh said.
In addition, BGL has been incorporating a number of other functionality features into Simple Fund 360.
“Actuarial certificates, performance reporting and property data are just the beginning. There will be a number of announcements of new data and other services over the next few months,” Lesh said.
Paperless operation is another element BGL is looking to provide its client through the new application.
“PDF contract notes, dividend statements and property valuations are automatically attached to transactions and other documents easily uploaded. With a fully integrated SMSF establishment process, automated BGL SmartAlerts for significant events and BGL SmartSign digital signing technology, the days of administrators requiring heaps of paper for their SMSFs are over,” Lesh said.
Demonstrations of Simple Fund 360 to over 1000 clients have generated a very positive response.
BGL is planning to make the new facility available to all of its clients in the last quarter of this year.
