BGL grows Simple Fund 360 to over 100,000 funds

By October 5, 2017 Homepage, News

BGL is pleased to announce it has recently passed 100,000 paid SMSFs on Simple Fund 360 and 140,000 paid companies on CAS 360.

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BGL now has over 240,000 entities in the cloud, making it one of the largest developers of cloud software for accountants in Australia and continuing its many years dominance in the superannuation and ASIC corporate compliance industries.

“These milestones have been a real team effort” says BGL Managing Director Ron Lesh. “Businesses do not achieve these numbers without a great culture and a great team”

During the September 2017 quarter, BGL added 23,402 funds and 503 clients to Simple Fund 360 and 42,285 companies and 168 clients to CAS 360. BGL now have over 3,200 clients representing 175,000 SMSFs using Simple Fund 360 and over 650 clients representing 175,000 companies using CAS 360.

“Clients transitioning from BGL desktop to cloud based solutions has definitely contributed to this strong growth” noted Lesh. “However, we estimate clients representing well over 200,000 SMSFs and 700,000 companies have yet to migrate from our desktop to our cloud solutions, so really this is only the beginning of the work we need to do”.

When asked why clients are moving to Simple Fund 360 and CAS 360, Lesh stated “It’s all about efficiency and the technology. Our cloud products are by far the most technically advanced in the industry and with big data and Artificial Intelligence, are providing incredible efficiencies for our clients.”

BGL recently released automated two-way data integration with Xero Practice Manager in both Simple Fund 360 and CAS 360. This integration means our clients only have to manage one database minimising discrepancies in data and saving a huge amount of administrative work.

“A big part of our success is our commitment to our client’s growth. Our team works hard to build features in our software to help our clients scale and grow their businesses” says Lesh. “Our culture of innovative and our ability to quickly adapt to change allows us to stay many steps ahead of our competitors.”

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