BGL Corporate Solutions has released Simple Fund 360 Version 3.0, which is specifically designed to support the 2700 firms with over 140,000 SMSFs currently using the software.
“This is a milestone release,” BGL managing director Ron Lesh said today.
“I am very proud of the Simple Fund 360 teams. They have worked tirelessly to build a heap of new features to support huge regulatory change and add functionality for our clients.
“And this is just three weeks after the last huge Simple Fund 360 release.”
Simple Fund 360 Version 3.0 includes a new transfer balance dashboard to track changes in each member’s pension accounts from 1 July, segregated assets with a new segregation dashboard, member pools and asset drag and drop.
In addition, users can get real-time contribution cap notifications from SuperStream and Data Bank advising administrators when members are nearing their annual contribution caps.
Further, the release includes registry data from both Computershare and Link Market Services supporting the vast majority of listed securities, standard business reporting lodgement of the 2017 SMSF annual return, and a new tax return export to Xero Tax.
Lesh highlighted that many of the features were next generation.
“With our big data views and now automated notifications, Simple Fund 360 now firmly delivers on the ‘next generation’ tag,” he said.
“There is simply nothing else like it in the SMSF admin marketplace today.
“This release brings a whole lot of work together. But there is still a lot of work to do from the 2016/17 and 2017/18 budget changes where we are still waiting on government and the ATO to provide more details.”
He added the ability to confirm investment holding balances for Australian Securities Exchange-listed securities to the two largest registries was a real bonus for BGL clients.
“This means our clients no longer need to rely on incomplete data from brokers or go to the registry websites and search individual holding balances,” he noted.
BGL will continue to release Simple Fund 360 updates to address regulatory change, add more share registries and provide new features in the coming months.
