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Accounting

BGL ramps up integration focus

BGL Corporate Solutions has increased its activity for building data integration with the accounting community through its cloud products, Simple Fund 360 and CAS 360.

“The number one thing accountants want from their software packages is integration,” BGL managing director Ron Lesh said today.

“We understand many firms use different practice management and tax software so it is important to ensure our software integrates with as many of the available solutions as possible.”

Lesh referred to last week’s Accountants’ Technology Showcase Australia 2017 Conference in Sydney where many accounting suppliers discussed integration.

“Integrating with cloud products with open application programming interfaces (API) is pretty easy, but integration with desktop products with no, or limited, APIs is a real problem,” he noted.

“There has also been a lot of information around integration and data feeds [concerning] reliability, security and accuracy of the data.

“It’s a bit like kids in the schoolyard saying ‘mine is bigger than yours’, but in reality, all integrations and data feeds are very similar, and claims that one is better than another is absolute rubbish.”

Lesh said while others continue to talk about integration, BGL continues to deliver new feeds to clients.

“The biggest change over the past six months has been our introduction of registry data feeds – Simple Fund 360 is the only SMSF admin solution to provide ‘source of truth’ confirmations of listed security holding balances,” he said.

“Getting holding balances from brokers we all know is simply unreliable.”

BGL will continue to add further integration and data feeds with accounting and financial service industry suppliers over the next 12 months, he added.

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