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BGL and ASF Audits Streamline SMSF Audit Workflow

By February 22, 2024BGL Update, Simple Fund 360

BGL is proud to announce a new integration of its market-leading SMSF administration software, Simple Fund 360, with Australia’s largest SMSF Auditor, ASF Audits, to streamline the audit workflow for SMSFs.

“We are excited to strengthen our longstanding partnership with the ASF Audits team,” said BGL’s Chief Executive Officer, Daniel Tramontana. “This integration further streamlines the SMSF audit process in Simple Fund 360, providing significant efficiencies for BGL clients.”

This collaboration comes just one month after BGL introduced a new Audit Management screen in Simple Fund 360, which allows clients to access a fund’s complete audit history – including audit documentation – revolutionising how audits are managed. 

Expanding on the existing ‘Send to Audit’ feature, where clients can submit an audit request from Simple Fund 360 directly to ASF Audits, the new features enable clients to notify ASF Audits that a fund is ready for audit and establish a direct channel through BGL’s free advanced API. This seamless integration facilitates prompt and efficient commencement of the audit process by ASF Audits.

As ASF Audits progress with the audit, real-time updates on the audit status are automatically reflected in Simple Fund 360. Final audit outcomes, including status, completion dates, qualifications, and crucial documents, such as the SMSF auditor’s report and management letter, are automatically updated in Simple Fund 360, eliminating manual data entry and reducing errors and duplications. Moreover, the SMSF Annual Return audit section is automatically completed in Simple Fund 360, ensuring accuracy and compliance.

Jeevan Tokhi, Head of Product at BGL, noted, “This integration with ASF Audits represents a milestone in our mission to provide cutting-edge, user-friendly solutions for SMSF administration. By automating and streamlining the audit workflow process, we save our clients valuable time, streamlining workflows and enhancing accuracy.”

Casey McGrath, Managing Director of ASF Audits, added, “Our partnership with BGL is a testament to our shared commitment to innovation in the SMSF sector. The direct integration between ASF Audits and Simple Fund 360 sets a new standard for audit efficiency and underscores our dedication to providing top-tier audit services to our clients.”

BGL and ASF Audits will showcase this new integration at the SMSF Association National Conference 2024 in Brisbane from 21-23 February 2024. Visit BGL at booth 28 to discover how our market-leading innovations leverage generative AI technology to streamline processes, enhance accuracy and drive efficiency. Visit ASF Audits at booth 25 to see how to simplify and streamline the SMSF audit process for you.


Author BGLCorp

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