We are excited to announce the latest update for Simple Fund 360 and Simple Invest 360. Read the release notes and join the conversation online!
BGL was ranked 4th Most Innovative Technology Company in Australia and New Zealand on the 2023 Financial Review BOSS Most Innovative Companies list.
Published by XU Magazine on 26 September 2023
Click here to read on the XU Magazine website
BGL Corporate Solutions (BGL), Australia’s leading provider of company compliance, self-managed superannuation fund (SMSF), investment management and AI powered paper-to-data solutions, is proud to announce the launch of its CAS 360 Certification Program. The Certification will recognise CAS 360 clients who have successfully completed all the CAS 360 Training Courses.
“The launch of the CAS 360 Certification Program is the result of months of dedication and hard work from our team. I am incredibly proud of everyone involved in the creation of this certification,” said BGL’s Managing Director Ron Lesh. “This certification not only equips BGL clients with the tools to get the most from their CAS 360 software but also offers well-deserved recognition for their skills.”
The CAS 360 Certification Program empowers clients to showcase their proficiency in BGL’s complete company, trust and AML management software, CAS 360 and gain recognition for their expertise from employers, clients and peers.
Norman Michael, Training and Documentation Manager at BGL, said: “Becoming CAS 360 Certified is available to all BGL clients through a series of on-demand product training courses and assessments. The program includes 4 online courses:
The courses incorporate interactive videos, practical exercises and a short test. Participants will earn 2 CPD hours for completing each course and receive a certificate and badge to proudly display their expertise.”
“Clients already well-versed in CAS 360 have the flexibility to skip directly to the tests, quickly earning their certificate and badge to enhance their professional portfolio,” added Michael.
The CAS 360 Certification program is currently offered to BGL clients free of charge. It is available through the BGL Learning Channel – an exclusive, on-demand training platform for BGL clients.
“BGL is committed to enhancing the skill sets of our clients. We are currently working to extend this certification program to include Simple Fund 360 and Simple Invest 360 Professional Editions. Watch this space!” concluded Lesh.
Written by Malavika Santhebennur
Published by SMSF Adviser on 26 September 2023
Click here to read on the SMSF Adviser website
Ahead of the SMSF Adviser Technical Strategy Day 2023, platinum partner accountantsGPS CEO George Haramis noted that the government has been “cherry-picking” Quality of Advice Review (QAR) recommendations.
The federal government accepted (in full or in principle) 14 out of the 22 QAR recommendations for the overhaul of financial advice recommendations.
In its written response to the QAR, the government laid out its priorities for reform, which include increasing the pool of qualified advisers, streamlining documentation requirements, and expanding access to retirement advice by enabling superannuation funds to provide more information to consumers.
Mr Haramis said he used the term “cherry-picking” to describe the government’s response because they have not implemented all the recommendations.
“The QAR recommendations were crafted in such a way that it is a package to ensure that we can deliver more affordable advice to individuals who need it the most,” he told SMSF Adviser.
“Splitting these up could potentially dilute the effectiveness of the recommendations as crafted by [head of review] Michelle Levy. I think there’s consensus that in doing that, it prolongs the implementation of all the recommendations if they are accepted by the government.”
Mr Haramis is in the process of moving ahead with establishing the Australian Digital Advice Association (ADAA), along with fund manager abrdn and fintech firms Ignition Advice, moneyGPS, and Advice Intelligence.
He said if the QAR recommendations are implemented as a package, it could accelerate the timeframe in which digital advice is viewed as a “mainstream player”.
Mr Haramis added that the purpose of the digital advice association is to ensure that everyone who delivers digital advice is using the right type of technology that qualifies as digital advice.
He said moneyGPS delivers a fully client-led journey by undertaking a strategic review of the client’s situation covering best interests duty and product recommendations while delivering a personalised, tailored statement of advice that is compliant with the product recommendations.
“I’ve seen several groups who claim they deliver digital advice when they don’t,” he said.
“That muddies the water and confuses the discussion. It lends itself to concern and hesitation in using digital advice providers because clients may be unsure about who’s delivering the genuine product.”
Haramis echoes stance on accountants
The final QAR report also said there is “little merit” in holding a limited AFSL but opted against recommending changes to the advice accountants can give.
While Ms Levy acknowledged the accountant’s role in assisting clients with their financial needs, she said that did not mean that they should be given an exemption from the framework that regulates the provision of financial advice.
“They have expertise in tax matters. Tax is a critically important aspect of superannuation, but the matters that are relevant to a decision to establish and maintain a SMSF and to rollover superannuation into a SMSF are much broader than those relating to tax,” Ms Levy said.
“Advice on superannuation products, including interests in SMSFs, is financial product advice. It should be regulated as financial product advice. I do not see any reason for making an exception.”
Mr Haramis echoed these sentiments, stating that while accountants are proficient in delivering tax advice to clients in relation to their SMSF or superannuation, strategy recommendations differ significantly from tax advice.
“I would hesitate to give a full exemption to accountants because of that very reason,” he said.
Extending tech to SMSFs
Mr Haramis also spoke about the accountantsGPS’s platinum partnership with this year’s SMSF Adviser Technical Strategy Day, where he will be presenting on the fintech firm’s advice technology capabilities for accountants who service clients with SMSFs.
Earlier this year, SMSF software provider BGL Corporate Solutions (BGL) added accountantsGPS to its suite to offer its clients an SMSF check-up report. This can provide an analysis of a fund’s compliance and financial situation to evaluate how the fund is progressing in key areas.
“What we’re trying to do is offer accountants the technology to enable them to have deeper and constructive discussions with their clients on how to better position their SMSFs to ensure they achieve their long-term financial objectives,” Mr Haramis explained.
He added that events like the upcoming technical strategy day are vital to provide the SMSF industry with the latest updates (given they are responsible for a quarter of all super fund assets) while accountants are key to providing tax advice and advice on how clients could maximise contribution strategies.
“SMSFs can’t be ignored as much as some areas of the financial services industry would like to,” he concluded.
To hear more from George Haramis on how technology could enhance an accountant’s ability to deliver tailored guidance to SMSF clients, come along to the SMSF Adviser Technical Strategy Day 2023.
It will be held at the following locations:
Tuesday 17 October at Four Seasons Hotel, Sydney
Wednesday 18 October at Rydges Southbank, Brisbane
Wednesday 25 October at the Grand Hyatt, Melbourne
Click here to book your tickets so don’t miss out!
For more information, including agenda and speakers, click here.
Published by Australian Fintech on 25 September 2023
Click here to read on the Australian Fintech website
BGL Corporate Solutions (BGL), Australia’s leading provider of company compliance, self-managed superannuation fund (SMSF), investment management and AI powered paper-to-data solutions, has announced the launch of its CAS 360 Certification Program.
The Certification will recognise CAS 360 clients who have successfully completed all the CAS 360 Training Courses.
“The launch of the CAS 360 Certification Program is the result of months of dedication and hard work from our team. I am incredibly proud of everyone involved in the creation of this certification,” said BGL’s Managing Director Ron Lesh. “This certification not only equips BGL clients with the tools to get the most from their CAS 360 software but also offers well-deserved recognition for their skills.”
The CAS 360 Certification Program empowers clients to showcase their proficiency in BGL’s complete company, trust and AML management software, CAS 360 and gain recognition for their expertise from employers, clients and peers.
Norman Michael, Training and Documentation Manager at BGL, said, “Becoming CAS 360 Certified is available to all BGL clients through a series of on-demand product training courses and assessments.”
The program includes 4 online courses:
“The courses incorporate interactive videos, practical exercises and a short test. Participants will earn 2 CPD hours for completing each course and receive a certificate and badge to proudly display their expertise.
“Clients already well-versed in CAS 360 have the flexibility to skip directly to the tests, quickly earning their certificate and badge to enhance their professional portfolio,” added Michael.
The CAS 360 Certification program is currently offered to BGL clients free of charge. It is available through the BGL Learning Channel – an exclusive, on-demand training platform for BGL clients.
“BGL is committed to enhancing the skill sets of our clients. We are currently working to extend this certification program to include Simple Fund 360 and Simple Invest 360 Professional Editions. Watch this space!” concluded Lesh.
BGL is proud to launch of its CAS 360 Certification Program. The Certification will recognise clients who have completed all the CAS 360 Training Courses.
We are excited to announce the latest CAS 360 update! Read the full release notes and join the conversation in the CAS 360 Community.
Published by XU Magazine on 18 September 2023
Click here to read on the XU Magazine website
BGL Corporate Solutions (BGL), Australia’s leading provider of company compliance, self-managed superannuation fund (SMSF), investment management and AI powered paper-to-data solutions, is proud to announce it has been recognised as an ABA100® Winner for Business Innovation in the Australian Business Awards 2023 for its AI-powered paper-to-data solution, BGL SmartDocs 360.
The Australian Business Awards are an annual comprehensive awards program that recognises organisations demonstrating the core values of business innovation, product innovation, technological achievement and employee engagement via established business and product award categories.
“This is a truly remarkable achievement and a testament to the extraordinary efforts and dedication of our product development teams,” said BGL’s Managing Director Ron Lesh. “I couldn’t be prouder of their hard work developing our unique, innovative paper-to-data solution.”
BGL SmartDocs 360 is a multi-award winning, AI-powered paper-to-data solution that helps businesses unlock their full potential by transforming paper documents into smart digital data. The solution provides both Retail and Developer versions (currently in beta), meaning it can be integrated into any software solution or used by any business to convert paper into data.
“Unlike other solutions that require the creation of templates for each document layout, BGL SmartDocs 360 learns from documents submitted through its unique training engine,” added Lesh. “Once BGL SmartDocs 360 has learned the document type (it takes approximately 10 documents of the same type), it will permanently process the document type even if the layout of the document changes. The document can be either a PDF or an image.”
As a flagship product, BGL SmartDocs 360 positions BGL to expand its global reach by delivering a paper-to-data solution to organisations across the globe and industries seeking to streamline operations and improve efficiency.
Published by Australian Fintech on 18 September 2023
Click here to read on the Australian Fintech website
BGL Corporate Solutions has been recognised as an ABA100® Winner for Business Innovation in the Australian Business Awards 2023 for its AI-powered paper-to-data solution, BGL SmartDocs 360.
The Australian Business Awards are an annual comprehensive awards program that recognises organisations demonstrating the core values of business innovation, product innovation, technological achievement and employee engagement via established business and product award categories.
“This is a truly remarkable achievement and a testament to the extraordinary efforts and dedication of our product development teams,” said BGL’s Managing Director Ron Lesh. “I couldn’t be prouder of their hard work developing our unique, innovative paper-to-data solution.”
BGL SmartDocs 360 is a multi-award winning, AI-powered paper-to-data solution that helps businesses unlock their full potential by transforming paper documents into smart digital data.
The solution provides both Retail and Developer versions (currently in beta), meaning it can be integrated into any software solution or used by any business to convert paper into data.
“Unlike other solutions that require the creation of templates for each document layout, BGL SmartDocs 360 learns from documents submitted through its unique training engine,” added Lesh. “Once BGL SmartDocs 360 has learned the document type (it takes approximately 10 documents of the same type), it will permanently process the document type even if the layout of the document changes. The document can be either a PDF or an image.”
As a flagship product, BGL SmartDocs 360 positions BGL to expand its global reach by delivering a paper-to-data solution to organisations across the globe and industries seeking to streamline operations and improve efficiency.
BGL has been recognised as an ABA100® Winner for Business Innovation in the Australian Business Awards 2023 for its AI-powered paper-to-data solution.
© 2024 BGL Corporate Solutions Pty Ltd.
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