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It is impossible not to save time using Simple Invest 360

It is impossible not to save time using Simple Invest 360

By Case Study, Simple Invest 360No Comments

We are very excited to be able to present a double entry accounting system with full investment register capabilities to our clients. It will save processing time and allow us to take on more clients. The investment reports are first class and continually improving.

About Clarke & Brownrigg

Clarke & Brownrigg is a full service Chartered Accounting firm specialising in family businesses, professionals and wealth administration for clients, with two partners who have been in partnership for over 20 years. The original practice (prior to the retirement of an initial founding partner) had been in business for a further 20 years. They have family groups who have been with the firm for up to 40 years. During that time Clarke & Brownrigg have provided professional, high quality work to a vast client base. The firm has a proud history of staff stability and can boast staff members employed for up to 25 years.

The Challenge

Getting useful share history information out of old software to enable setup in Simple Invest 360

Prior to Simple Invest 360, the team at Clarke & Brownrigg used a very basic Investment Register System that had received limited updates over 20 years. As a member of the Simple Invest 360 beta testing program, the Clarke & Brownrigg team found it challenging getting useful information out of their old system to export into Simple Invest 360, but Simple Invest’s new features are making it much easier.

Why Simple Invest 360

It is impossible not to save time using Simple Invest 360

“The BGL SmartDocs software enables AI conversion of some reports directly into the software, plus there is a very efficient data entry screen which also uses AI to read the data and make intelligent decisions on investment account codes to add unit quantities and include the appropriate acquisition dates.

The input of source information has many different options you can use. It is impossible not to save time. It is possible to scan bank statements which the BGL SmartDocs AI technology can read, import CSV files and the best practice going forward will be a direct bank feed into the software. The Corporate Actions function is so simple and almost does everything for you. Compared to our previous manual system for accounting for demergers and company reconstructions, it is fantastic!

Machine Learning is making the most of the many transactions it “sees” and will continue to improve. The tax reporting is now developed, and the year-end processing functions are state of the art. With trusts, Simple Invest allows for automation of distributions, including streaming of classes of income and preparation of tax reconciliations out of the accounting system, with user editable adjustments for tax purposes. The input of managed fund data is so much easier than it has ever been prior to BGL. They are even producing beneficiary distribution statements for trust clients when you need to provide information to external beneficiaries. All of the above information would previously have been done manually using Excel spreadsheets or Word documents, which are prone to error and need much more user interaction.”

The Solution

Ease of use and seamless integration - A complete accounting solution

“When considering a technology stack, we look for ease of use and seamless integration. BGL is a very innovative software company, and we highly value their training and updates to assess what should be in our technology stack. The BGL ecosystem of bank feeds, wraps, client financial statement accounting software, minutes and workpapers is a complete accounting solution.”

The Results

Save processing time to take on more clients

“Our clients are very keen to utilise the investment reporting, including time weighting of investments and the unrealised gains by parcel reporting to make specific investment decisions, which was not available in our previous Investment Register Software without manual intervention. Having daily market prices is very valuable. We will be encouraging use of the mobile app (Engage by BGL) and trustee/client access to help them engage more with us. Simple Invest 360 will be an important part of enabling our clients to track their wealth outside of the SMSF space.

We are very excited to be able to present a double entry accounting system with full investment register capabilities to our clients. It will save processing time and allow us to take on more clients. The investment reports are first class and continually improving. It is also important to us that the presentation of reports can be consistent across all entity types. For the small outlay per client it is very easily recoverable in time saved.”

About Linda

Linda is a Senior Accountant at Clarke & Brownrigg and has been with the firm since 1999. She has a special interest in Self-Managed Superannuation Funds, but also has extensive experience with investment and business entities. Linda prides herself on personal service, including prompt responses to client communication and building long term client/accountant relationships. She is excited to see where the future of technology can take the accounting profession.

Simple Invest 360 Success Study with Clarke & Brownrigg

Leading service providers awarded

By In the Media, News, selfmanagedsuperNo Comments

Published by selfmanagedsuper Magazine
Written by Jason Spits on 19 August 2021
Click here to read on selfmanagedsuper website

selfmanagedsuper and research house CoreData have announced the winners of the SMSF Service Provider Awards for 2021, which were presented during an online event today.

The winners in the awards – now in their ninth year – are drawn from 17 categories covering investments and services available to SMSFs, and represent the leading providers, according to financial advisers working within the sector today.

CoreData principal Andrew Inwood, who oversaw the collection and analysis of the adviser feedback, said during the awards presentation that service providers that were named as leaders usually had good processes in place, an ability to meet the need of advice practitioners or had become entrenched in the market due to a consistent provision of services over the years.

Inwood noted the COVID-19 pandemic had continued to put stress on the SMSF sector, but service providers had maintained their high levels of delivery during this period.

He said it was important to have the views of advice practitioners in the SMSF sector and the research behind the awards gave a good understanding of their opinions on service providers.

“The awards were based on a survey of 585 advisers and accountants, conducted in June and July, and this was a voting sample so it was frequency of use and satisfaction which drove the numbers,” he said.

Long-term awards sponsor La Trobe Financial echoed Inwood’s comments, with its director of client partnerships Lilian Chin saying: “It is important we support these awards as they recognise the best of the best in the industry.

“With the judging undertaken by advisers, these awards are truly demographic and representative of the market’s voice, and this is a simple and critical difference compared with other awards.”

This year’s award winners include some new names, including stock trading firm AUSIEX, formerly CommSec Adviser Services, which now operates independently of Commonwealth Bank of Australia, and listed investment company Global Value Fund Limited. Other names are more familiar and have been award winners in the past, including Heffron, Accurium, BGL, Macquarie Wrap and ASF Audits, which all were named as leading providers in their relevant sectors in 2020 as well.

selfmanagedsuper and CoreData congratulate all the winners for their high level of service provision in the past year.

The 2021 adviser-voted winners for the best SMSF service providers in their respective categories are:

Adviser category

Australian shares – AUSIEX

International shares – Macquarie

Fixed Income – Macquarie

Administrator – Heffron

Commercial property – Goodman

Residential property loan – La Trobe Financial

Investment platform – Macquarie Wrap

Cash and term deposits – Macquarie

Insurance – TAL

Actuarial certification provider – Accurium

SMSF software – BGL Corporate Solutions

Audit function provider – ASF Audits

ETF provider – BetaShares

Listed investment company – Global Value Fund Limited

Trust deed supplier – Cleardocs

Infrastructure – Macquarie

Innovator – La Trobe Financial

BGL launches integration with digital signing tool

By In the Media, News, SMSF AdviserNo Comments

Published by SMSF Adviser, powered by MOMENTUM MEDIA
Written by Tony Zhang on 16 August 2021
Click here to read on SMSF Adviser website

The SMSF technology provider has launched a new integration with a digital signing service.

BGL Corporate Solutions, supplier of SMSF administration and ASIC corporate compliance and investment portfolio solutions, has announced that CAS 360, Simple Fund 360 and Simple Invest 360 are now integrated with digital signing tool FuseSign by FuseWorks.

“It’s great to add FuseSign to the BGL ecosystem,” Ron Lesh, BGL’s managing director, said.

“FuseSign creates a seamless workflow for BGL clients so that all company, trust, individual and SMSF documents can be digitally signed, speeding up the compliance process and reducing signing times to minutes rather than days for the price of a stamp.”

Melissa Voss, co-founder and head of clients and partners at FuseWorks, said that the firm is thrilled with this partnership and to be able to offer BGL clients with the digital signing tool straight from their platform.

“I am passionate about automation and helping accountants to simplify the day-to-day, removing inefficiencies through the power of automation so they can focus on more human tasks, and that is exactly what FuseSign does — it gives your clients a better experience with your brand, saves your business time and money, and it empowers your team to focus on tasks they really enjoy,” Ms Voss said.

Made for accountants by accountants, FuseSign is an affordable, intuitive and easy-to-use digital signing tool and can be used for all company, trust, individual and SMSF documents prepared by CAS 360, Simple Fund 360 and Simple Invest 360. Recent legislative changes have now made it possible to sign more document types digitally than ever before.

The FuseSign process in BGL applications provides a seamless workflow for clients, with the firm noting that recent evaluations of digital signing solutions have proven documents are signed quicker, easier and with much less friction when digital signing solutions are used.

BGL launches integration with FuseSign

By In the Media, News, XU MagazineNo Comments

BGL launches integration with FuseSign

BGL Corporate Solutions, Australia’s leading supplier of SMSF administration, ASIC corporatecompliance and investment portfolio solutions, is proud to announce CAS 360, Simple Fund 360and Simple Invest 360 are now integrated with digital signing tool FuseSign by FuseWorks.

“It’s great to add FuseSign to the BGL Ecosystem” said Ron Lesh, BGL’s Managing Director.“FuseSign creates a seamless workflow for BGL clients so that all company, trust, individual andSMSF documents can be digitally signed, speeding up the compliance process and reducingsigning times to minutes rather than days for the price of a stamp.

Melissa Voss, Co-Founder and Head of Clients and Partners at FuseWorks, said: “We’re thrilledwith this partnership and to be able to offer BGL clients with our Digital Signing tool straight fromtheir platform. I am passionate about automation and helping Accountants to simplify theday-to-day, removing inefficiencies through the power of automation so they can focus on morehuman tasks, and that is exactly what FuseSign does, it gives your clients a better experiencewith your brand, saves your business time and money, and it empowers your team to focus on tasks they really enjoy.”

Made for accountants by accountants, FuseSign is an affordable, intuitive and easy to useDigital Signature tool and can be used for all company, trust, individual and SMSF documentsprepared by CAS 360, Simple Fund 360 and Simple Invest 360. Recent legislative changeshave now made it possible to sign more document types digitally than ever before. TheFuseSign process in BGL applications provides a seamless workflow for clients. And recentevaluations of digital signing solutions have proven documents are signed quicker, easier andwith much less friction when digital solutions are used.

BGL currently has over 350 partners in our Ecosystem and it is great to be able to addFuseSign to the list.

For more information about this sensational integration, visit https://www.fusesign.com/bgl/

BGL launches integration with FuseSign

By Australian FinTech, In the Media, NewsNo Comments

BGL launches integration with FuseSign

BGL Corporate Solutions, Australia’s leading supplier of SMSF administration, ASIC corporate compliance and investment portfolio solutions, announces CAS 360, Simple Fund 360 and Simple Invest 360 are now integrated with digital signing tool FuseSign by FuseWorks.

“It’s great to add FuseSign to the BGL Ecosystem,” said Ron Lesh, BGL’s Managing Director.

“FuseSign creates a seamless workflow for BGL clients so that all company, trust, individual and SMSF documents can be digitally signed, speeding up the compliance process and reducing signing times to minutes rather than days for the price of a stamp.

Melissa Voss, Co-Founder and Head of Clients and Partners at FuseWorks, said, “We’re thrilled with this partnership and to be able to offer BGL clients with our Digital Signing tool straight from their platform. I am passionate about automation and helping Accountants to simplify the day-to-day, removing inefficiencies through the power of automation so they can focus on more human tasks, and that is exactly what FuseSign does, it gives your clients a better experience with your brand, saves your business time and money, and it empowers your team to focus on tasks they really enjoy.”

Made for accountants by accountants, FuseSign is an affordable, intuitive and easy to use Digital Signature tool and can be used for all company, trust, individual and SMSF documents prepared by CAS 360, Simple Fund 360 and Simple Invest 360. Recent legislative changes have now made it possible to sign more document types digitally than ever before. The FuseSign process in BGL applications provides a seamless workflow for clients. And recent evaluations of digital signing solutions have proven documents are signed quicker, easier and with much less friction when digital solutions are used.

BGL currently has over 350 partners in our Ecosystem and it is great to be able to add FuseSign to the list.

BGL launches integration with digital signing tool FuseSign!

By BGL Update, CAS 360, Simple Fund 360, Simple Invest 360No Comments

Digital Signing, Electronic Signing, Electronic Signature, Company Compliance, Corporate Compliance, Companies, Trust Administration, Trust Management, Trusts, Self-managed Superannuation Fund, Self Managed Super, SMSF, SMSFs, Investment Portfolios

BGL Corporate Solutions, Australia's leading supplier of SMSF administration, ASIC corporate compliance and investment portfolio solutions, is proud to announce CAS 360, Simple Fund 360 and Simple Invest 360 are now integrated with digital signing tool FuseSign by FuseWorks.

“It’s great to add FuseSign to the BGL Ecosystem” said Ron Lesh, BGL’s Managing Director. “FuseSign creates a seamless workflow for BGL clients so that all company, trust, individual and SMSF documents can be digitally signed, speeding up the compliance process and reducing signing times to minutes rather than days for the price of a stamp.

Melissa Voss, Co-Founder and Head of Clients and Partners at FuseWorks, said: “We’re thrilled with this partnership and to be able to offer BGL clients with our Digital Signing tool straight from their platform. I am passionate about automation and helping Accountants to simplify the day-to-day, removing inefficiencies through the power of automation so they can focus on more human tasks, and that is exactly what FuseSign does, it gives your clients a better experience with your brand, saves your business time and money, and it empowers your team to focus on tasks they really enjoy.”

Made for accountants by accountants, FuseSign is an affordable, intuitive and easy to use Digital Signing tool and can be used for all company, trust, individual and SMSF documents prepared by CAS 360, Simple Fund 360 and Simple Invest 360. Recent legislative changes have now made it possible to sign more document types digitally than ever before. The FuseSign process in BGL applications provides a seamless workflow for clients. And recent evaluations of digital signing solutions have proven documents are signed quicker, easier and with much less friction when digital signing solutions are used.

BGL currently has over 350 partners in our Ecosystem and it is great to be able to add FuseSign to the list.

For more information about this sensational integration, visit www.fusesign.com/bgl 

About FuseSign

FuseSign is a digital signing platform like no other. Made by accountants for accountants, it is an elegant solution that simplifies complex tasks, resulting in faster turnarounds, significant cost savings, improved client experience and higher staff engagement.

Digital Signing, Electronic Signing, Electronic Signature, Company Compliance, Corporate Compliance, Companies, Trust Administration, Trust Management, Trusts, Self-managed Superannuation Fund, Self Managed Super, SMSF, SMSFs, Investment Portfolios

Simple Fund 360 and Simple Invest 360 Update Release July 2021

By BGL Update, Product Updates, Simple Fund 360, Simple Invest 360No Comments

We are excited to announce a huge update to Simple Fund 360 and Simple Invest 360 including integration with our new digital signing partner, FuseSign! This means we now support 3 digital signing solutions in our product suite.

You can learn what’s new in Simple Fund 360 and Simple Invest 360 from our product teams at our New Features Webinar on Tuesday 10 August at 10:30 AEST.
Register Now >>>

Check out the full release notes in the BGL Community >>>

What's New?

Simple Fund 360 and Simple Invest 360 digital signing with FuseSign now available!

We are thrilled to announce FuseSign has joined the BGL ecosystem as our latest integration partner! Made for accountants by accountants, FuseSign is an affordable, intuitive and easy to use Digital Signature solution. Learn More >>>

Special BGL & FuseSign offer!

Sign up for a FuseSign Business Lite plan (or above) and pay only 1 credit per document pack for all your BGL documents (unlimited signees, unlimited number of users from as little as $0.90 per signee and no lock-in contract). To find out more, visit www.fusesign.com/bgl/ and start your 14-day FREE trial.

Stay tuned! CAS 360 integration with FuseSign will be released in the coming weeks.

Exclusive to Simple Fund 360

Fund Dashboard: Significant improvements have been made to the SMSF Dashboard allowing users to quickly add notes, review client queries, view a snapshot of fund investments and view members balances.

New Report Screen: As the most frequently visited screen in Simple Fund 360, BGL has listened to your feedback and delivered a new and improved report screen! The new screen includes enhanced filters, improved search and visibility plus the ability to tag reports and use tag filters!

SMSF Auditors Panel: BGL launched the SMSF Auditors Panel on 14 July 2021. The BGL SMSF Auditors Panel is a list of BGL client firms and specialist SMSF auditors who either use the BGL API to access Simple Fund 360 data or who log into Simple Fund 360 to complete audits. The BGL Auditors Panel can be found on the BGL website or via the Fund Dashboard and Help menu in Simple Fund 360.

Compliance Change: The Simple Fund 360 Contributions Dashboard and Contributions Breakdown Report now account for the legislative change extending the Non Concessional Contribution Bring Forward age to 65, 66 for Non-Concessional Contributions made from 1st July 2020 (effective 1st July 2021).

Exclusive to Simple Invest 360

New Dashboards: New Dashboards for trust, companies and individuals allow users to quickly add notes, review client queries, view a snapshot of fund investments and review key relationships.

To learn all about Simple Invest 360 and how it can benefit you, we invite you to attend our free, live webinar series! 

Can’t make it to the live webinars? Register anyway to get the recordings.

Why did BGL develop
Simple Invest 360?

Presented by BGL’s Founder and Managing Director Ron Lesh and the Head of Simple Fund 360, Matt Crofts.

Monday 26th July at 10:30 AEST

Register Now

Simple Invest 360 accounting
and tax features

Presented by Simple Invest 360 Product Manager Andrew Paszko alongside Simple Invest 360 Business Analyst, Andrew Perera.

Wednesday 11th August at 11.30 AEST

Register Now

Simple Invest 360 for
accountants and planners

Presented by Simple Invest 360 Product Manager Andrew Paszko and the Head of Simple Fund 360, Matt Crofts.

Wednesday 25th August at 10.30 AEST

Register Now

Simple Invest 360 free, live webinar series!

By BGL Update, Simple Invest 360No Comments

Last month BGL launched Simple Invest 360, an intelligent cloud-based software to help accountants streamline CGT compliance administration for Trusts, Companies and Individuals. 

One of the primary drivers behind the decision to develop Simple Invest 360 came from BGL clients; those who were looking for a non-super investment solution which provides the same level of automation and artificial intelligence as our cloud SMSF administration software, Simple Fund 360. 

Simple Invest 360 provides a comprehensive portfolio solution with smart CGT to handle all different investment asset types in one unified solution. Be it listed or unlisted securities, ETFs, property trusts, wrap accounts, crypto currencies or direct property, Simple Invest 360 can handle it all. The software automates all tedious CGT record-keeping as well as providing simple and financial and tax reporting saving time and money no matter what the tax structure – trusts, companies or partnerships or individuals. 

All existing BGL clients have been provided the opportunity to trial 5 entities on Simple Invest 360 for free until 31 August 2021. 

To access the free trial, Simple Fund 360 clients can simply login to their Simple Fund 360 software and select “Add New Entity” from the Entity Workflow screen (click here to learn more). For all other existing BGL clients, please contact your BGL Account Manager. 

Attend our free, live webinar series!

To learn more about Simple Invest 360, follow the links below to register for our free, live webinars.

Can’t make it to the live webinars? Register anyway to get the recordings.

Why did BGL develop
Simple Invest 360?

Presented by BGL’s Founder and Managing Director Ron Lesh and the Head of Simple Fund 360, Matt Crofts.

Monday 26th July at 10:30 AEST

Register Now

Simple Invest 360 accounting
and tax features

Presented by Simple Invest 360 Product Manager Andrew Paszko alongside Simple Invest 360 Business Analyst, Andrew Perera.

Wednesday 11th August at 11.30 AEST

Register Now

Simple Invest 360 for
accountants and planners

Presented by Simple Invest 360 Product Manager Andrew Paszko and the Head of Simple Fund 360, Matt Crofts.

Wednesday 25th August at 10.30 AEST

Register Now

BGL Launches SMSF Auditor Panel

By BGL Update, Simple Fund 360No Comments

BGL is proud to announce the launch of the BGL SMSF Auditors Panel.

The BGL SMSF Auditors Panel will feature BGL client firms and specialist SMSF Auditors who either use the BGL API to access Simple Fund 360 data or who log into Simple Fund 360 to complete audits. The BGL Auditors Panel can be found on the BGL website or through links within Simple Fund 360.

We often get requests for recommendations of SMSF Auditors who are integrated with Simple Fund 360. So, we have decided to relaunch and rebrand our Auditors List as the BGL SMSF Auditors Panel.” says BGL Managing Director Ron Lesh. “We invite all our clients who perform SMSF audits to join!”

“Most importantly – being listed and accessing the list is FREE!” add Lesh. “That’s right, BGL is providing this list FREE for auditors to list and FREE for clients to access“.

Over the next few weeks, our clients will also see enhanced functionality for the “Send to Audit” function in Simple Fund 360. This too will be available FREE to all firms listed on the BGL Auditors Panel.  

For more information on the SMSF Auditors Panel or to be included in our list, visit www.bglcorp.com/marketplace/auditors-list

End of an era – Simple Fund Desktop team releases final tax update

By BGL Update, Simple Fund 360No Comments

On 8 July 2021, the BGL Team released the last tax update for Simple Fund Desktop. While no date for the end of Simple Fund Desktop software support has been set, this signals the upcoming end of product life for Simple Fund Desktop.

“It’s the end of an era at BGL” said BGL’s Managing Director, Ron Lesh. “Simple Fund Desktop was the market leading product for its time and even today has some sensational features many years ahead of their time.”

Launched in 1997, Simple Fund Desktop changed the game when it came to SMSF administration, offering an alternative to completing calculations in Excel and very manual and cumbersome processing and report generation through general ledger software.

However, with a number of significant changes to superannuation law in 2021, BGL made the difficult decision not to implement these changes in Simple Fund Desktop. Instead, focusing its resources and development on its award-winning cloud solution, Simple Fund 360.

“I want to thank the hundreds of people who have worked on Simple Fund Desktop at BGL over the past 24 years” says Lesh. “We should all be very proud of our achievements in paving the way for today’s SMSF administration software.”

“I also want to take this opportunity to thank the thousands of clients that put their trust in us and allowed us to come on their SMSF administration journey. We hope that we made your lives just a little bit easier and we hope we can continue to do so with Simple Fund 360” added Lesh.

BGL currently has large numbers of Simple Fund Desktop clients making the transition to Simple Fund 360 with great results. The process is simple, automated and complete ensuring all your valuable data and documents move to Simple Fund 360.

To learn about the benefits of Simple Fund 360 or find out just how easy it is to migrate from Simple Fund Desktop, reach out to your Account Manager today.

You can also check out the below resources: