Business News

Simple Fund 360 surpasses 1000 users

BGL Corporate Solutions has announced over 1000 firms are now using Simple Fund 360, making it the most widely used SMSF administration program in Australia.

“Our team has worked tirelessly over the past two years to make Simple Fund 360 the market-leading SMSF administration solution,” BGL managing director Ron Lesh said.

“Client take-up tells me this is now the case.”

Since the release of Simple Fund 360 in March 2014, BGL has released close to 40 updates, with the latest features including a new user interface, automated corporate actions, Macquarie Equity Lever integration, international equities, an update to BGL’s SmartPost transaction matching technology and many new financial, investment and audit reports.

During this time, BGL has also released the Simple Fund 360 API, which is used by over 40 integration partners to extract data from the application and integration of peer-to-peer investment solution SelfWealth.

“We already support over 400 data feeds with more feeds being added to each release,” Lesh said.

In addition to the success of Simple Fund 360, Lesh revealed a web version of its corporate compliance solution, CAS 360, was set to be released during the second quarter of the year, simplifying corporate compliance work.

“Automated annual review processing, single-trigger automated processing of corporate changes and integration with all the major accounting software suppliers is going to save our clients hundreds of hours of work each year,” he said.

“CAS 360 is a fully automated, cloud-based, ASIC-registered corporate compliance solution – not just an email system.”

BGL has also made an arrangement with Essential Imaging in an effort to provide clients with fixed price document scanning for SMSF and company binders.

“With full document management systems in both Simple Fund 360 and CAS 360, we think it is important our clients have easy access to all their current and historical SMSF and company documents,” Lesh said.

In November 2015, BGL Simple Fund 360 integrated with BMR Corporate Solutions and also released Australia’s first commercial property desktop assessment solution designed especially for SMSFs, in partnership with CoreLogic RP Data.

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