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BGL appoints new head of Simple Fund 360

By In the Media, News, SMSF AdviserNo Comments

Published by SMSF Adviser, powered by MOMENTUM MEDIA
Written by Miranda Brownlee on 23 May 2022
Click here to read on SMSF Adviser website

BGL appoints new head of Simple Fund 360

SMSF software firm BGL has promoted its head of ecosystem as the new head of Simple Fund 360.

BGL Corporate Solutions has announced the appointment of Jeevan Tokhi as its new head of Simple Fund 360.

As a qualified CPA (SMSF specialist) and accredited SMSF Specialist Advisor (SSA) with a strong technical background and relentless focus on the clients, Jeevan has contributed significantly to BGL throughout his career with roles including support consultant, business and test analyst, Simple Fund Desktop product manager, Simple Fund 360 product manager and most recently, head of ecosystem.

Mr Tokhi said he has enjoyed building innovative software applications with a strong focus on the needs of BGL’s clients and will continue to do so.

BGL managing director Ron Lesh said it has been a pleasure to watch Jeevan grow and thrive with BGL, both personally and professionally, since he joined BGL in 2005.

“We could not be prouder to see Jeevan rise up the ranks to head our Simple Fund 360 product team and make it his own,” said Mr Lesh.

“Jeevan is perfectly positioned and qualified to lead Simple Fund 360 into the future,” added Lesh. “With his vision for Simple Fund 360 and experience working with BGL’s flagship products, CAS 360 and Simple Invest 360, our clients are in for an incredible journey. Watch this space!”

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BGL is proud to announce the appointment of Jeevan Tokhi as its new Head of Simple Fund 360

By In the Media, News, Podcast, XU MagazineNo Comments

BGL is proud to announce the appointment of Jeevan Tokhi as its new Head of Simple Fund 360

BGL Corporate Solutions, Australia’s leading provider of SMSF, investment portfolio and company compliance management software, is proud to announce the appointment of Jeevan Tokhi as its new Head of Simple Fund 360.

“It has been a pleasure to watch Jeevan grow and thrive with us both personally and professionally, since he joined BGL in 2005” said Ron Lesh, BGL’s Managing Director. “We could not be prouder to see Jeevan rise up the ranks to head our Simple Fund 360 product team and make it his own.”

As qualified CPA (SMSF Specialist) and accredited SMSF Specialist Advisor (SSA) with a strong technical background and relentless focus on the clients, Jeevan has contributed significantly to BGL throughout his career with roles including Support Consultant, Business and Test Analyst, Simple Fund Desktop Product Manager, Simple Fund 360 Product Manager and most recently, Head of Ecosystem.

“I have enjoyed building leading, innovative software applications by focusing on BGL’s clients’ needs and will continue to do so” noted Jeevan Tokhi.

“Jeevan is perfectly positioned and qualified to lead Simple Fund 360 into the future” added Lesh. “With his vision for Simple Fund 360 and experience working with BGL’s flagship products, CAS 360 and Simple Invest 360, our clients are in for an incredible journey. Watch this space!”

Simple Fund 360 is Australia’s leading self-managed super fund (SMSF) administration software solution with over 7,100 clients managing over 243,000 funds on the platform.

BGL appoints Jeevan Tokhi as Head of Simple Fund 360

By Australian FinTech, In the Media, NewsNo Comments

BGL appoints Jeevan Tokhi as Head of Simple Fund 360

BGL Corporate Solutions, Australia’s leading provider of SMSF, investment portfolio and company compliance management software, have announced the appointment of Jeevan Tokhi as its new Head of Simple Fund 360.

“It has been a pleasure to watch Jeevan grow and thrive with us both personally and professionally, since he joined BGL in 2005,” said Ron Lesh, BGL’s Managing Director. “We could not be prouder to see Jeevan rise up the ranks to head our Simple Fund 360 product team and make it his own.”

As qualified CPA (SMSF Specialist) and accredited SMSF Specialist Advisor (SSA) with a strong technical background and relentless focus on the clients, Jeevan has contributed significantly to BGL throughout his career with roles including Support Consultant, Business and Test Analyst, Simple Fund Desktop Product Manager, Simple Fund 360 Product Manager and most recently, Head of Ecosystem.

“I have enjoyed building leading, innovative software applications by focusing on BGL’s clients’ needs and will continue to do so,” noted Jeevan Tokhi.

“Jeevan is perfectly positioned and qualified to lead Simple Fund 360 into the future,” added Lesh. “With his vision for Simple Fund 360 and experience working with BGL’s flagship products, CAS 360 and Simple Invest 360, our clients are in for an incredible journey. Watch this space!”

Simple Fund 360 is Australia’s leading self-managed super fund (SMSF) administration software solution with over 7,100 clients managing over 243,000 funds on the platform.

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BGL appoints Jeevan Tokhi as Head of Simple Fund 360

By In the Media, Money News Australia, NewsNo Comments

BGL appoints Jeevan Tokhi as Head of Simple Fund 360

BGL Corporate Solutions, Australia’s leading provider of SMSF, investment portfolio and company compliance management software, have announced the appointment of Jeevan Tokhi as its new Head of Simple Fund 360.

“It has been a pleasure to watch Jeevan grow and thrive with us both personally and professionally, since he joined BGL in 2005,” said Ron Lesh, BGL’s Managing Director. “We could not be prouder to see Jeevan rise up the ranks to head our Simple Fund 360 product team and make it his own.”

As qualified CPA (SMSF Specialist) and accredited SMSF Specialist Advisor (SSA) with a strong technical background and relentless focus on the clients, Jeevan has contributed significantly to BGL throughout his career with roles including Support Consultant, Business and Test Analyst, Simple Fund Desktop Product Manager, Simple Fund 360 Product Manager and most recently, Head of…

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BGL appoints Jeevan Tokhi as Head of Simple Fund 360

By BGL Update, Culture, PodcastNo Comments

BGL Corporate Solutions is proud to announce the appointment of Jeevan Tokhi as its new Head of Simple Fund 360.

“It has been a pleasure to watch Jeevan grow and thrive with us both personally and professionally, since he joined BGL in 2005” said Ron Lesh, BGL’s Managing Director. “We could not be prouder to see Jeevan rise up the ranks to head our Simple Fund 360 product team and make it his own.”

As qualified CPA (SMSF Specialist) and accredited SMSF Specialist Advisor (SSA) with a strong technical background and relentless focus on the clients, Jeevan has contributed significantly to BGL throughout his career with roles including Support Consultant, Business and Test Analyst, Simple Fund Desktop Product Manager, Simple Fund 360 Product Manager and most recently, Head of Ecosystem. 

“I have enjoyed building leading, innovative software applications by focusing on BGL’s clients’ needs and will continue to do so” noted Jeevan Tokhi.

“Jeevan is perfectly positioned and qualified to lead Simple Fund 360 into the future” added Lesh. “With his vision for Simple Fund 360 and experience working with BGL’s flagship products, CAS 360 and Simple Invest 360, our clients are in for an incredible journey. Watch this space!” 

Simple Fund 360 is Australia’s leading self-managed super fund (SMSF) administration software solution with over 7,100 clients managing over 243,000 funds on the platform.

Simple Fund 360 and Simple Invest 360 Product Update – May 2022

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

Let’s start this update email with some really EXCITING news.
Jeevan Tokhi has been appointed as the new Head of Simple Fund 360. Jeevan has been a BGL Team Member for over 17 years and will succeed Matt Crofts, who has moved on from BGL after 23 years to pursue a new opportunity in cryptocurrency – an area he is passionate about. We wish Matt all the best and congratulate Jeevan on the new role!

We are excited to announce another sensational Simple Fund 360 and Simple Invest 360 update!

You can learn what’s new at our New Features Webinar on Tuesday 24 May 2022 from 11:00 to 12:00 AEST. Register now >>>
The full release notes can be found on the BGL Community >>>

What's New?

The Documents screen just got a whole lot better!
The Documents screen in Simple Fund 360 and Simple Invest 360 has a brand-new look and several handy new features including:

  • Document folders for each ledger account to help you organise and sort documents more efficiently
  • Financial year tabs making it easier to filter documents by financial year
  • A list of balances for each account for quick reconciliation from within the Documents screen
  • Drag and Drop functionality making it faster to move documents from one folder to another
  • Plus, more tagging and permission options for greater flexibility and control

The Documents screen is not only a fantastic end of financial year information source, but it’s now your daily documents manager!
Click here to learn more >>>

International Prices: Daily prices for NYSE Arca are now available in Simple Fund 360 and Simple Invest 360. NYSE Arca is an electronic securities exchange in the U.S. on which exchange-traded products (ETPs) and equities are listed. The exchange specialises in ETP listings, which include exchange-traded funds (ETFs), exchange-traded notes (ETNs), and exchange-traded vehicles (ETVs).

Wrap Feeds: Wrap feed provider, Mason Stevens, has migrated all their accounts to a new platform. To account for this, all existing wrap feeds for Mason Stevens have been updated in Simple Fund 360 and Simple Invest 360. Click here to learn more >>>

Exclusive to Simple Invest 360

Period Compliance: An option to reinvest distributions is now available for Unit Trusts. Click here to learn more >>>

New Letter: The new Unit Valuation Letter provides a summary of each beneficiaries’ unit holding reported on the beneficiaries Screen.
Click here to learn more >>>

New Report: The new Unit Holding Report (available to Unit / Hybrid Trusts) holds information about unit holdings for beneficiaries and transactions related to these unit holdings for the selected financial year. Click here to learn more >>>

Plus, many more new features and improvements. Don’t forget to check out the full release notes on the BGL Community >>>

Previous months’ release notes can be found below:

Check out our Resources Hub!
We provide Simple Fund 360 and Simple Invest 360 users with a myriad of resources and services which can be found in the Resources Hub. The Resources Hub provides practical stuff to help you in your Simple Fund 360 and Simple Invest 360 journey. Visit Resources Hub >>>

SMSF firms warned on ‘weak points’ with cyber security

By In the Media, News, SMSF AdviserNo Comments

Published by SMSF Adviser, powered by MOMENTUM MEDIA
Written by Miranda Brownlee on 04 May 2022
Click here to read on SMSF Adviser website

SMSF firms warned on ‘weak points’ with cyber security

An SMSF software provider has provided a range of practical tips on how SMSF firms can protect themselves from cyber attacks.

Speaking in a recent panel discussion, BGL managing director Ron Lesh explained that firms need to adopt a multifaceted approach when addressing cyber security, which will entail a wide range of different things.

One of the starting points, said Mr Lesh, is to ensure the business is running the most up-to-date versions of software and avoid using external Wi-Fi networks.

“There are weak points in the system, and public Wi-Fi networks are probably the weakest,” warned Mr Lesh.

“It’s also a matter of having apps that are well designed and secure and keeping an eye on which ones get hacked and making sure you get updated.”

Updating passwords regularly is also an important part of protecting against cyber attacks, he added.

“Use statements as passwords, not names, places and dates of birth. [You should also use] two-factor authentication,” he recommended.

Any firms that don’t already have cyber insurance should strongly consider getting it, he said.

“If you don’t have it, you should, and you should have cyber and professional indemnity insurance together because having them separate could be a problem if there is a claim,” he warned.

Mr Lesh said it is also vital that staff receive training on cyber security.

“If you’re not training your staff, get online and sign up for someone to come and train your staff because they’re your weakest link – them clicking on a link is the weakest list link of your organisation,” he warned.

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SIS compliance the next big step for AI, says BGL

By In the Media, News, Podcast, SMSF AdviserNo Comments

Published by SMSF Adviser, powered by MOMENTUM MEDIA
Written by Miranda Brownlee on 21 April 2022
Click here to read on SMSF Adviser website

SIS compliance the next big step for AI, says BGL

Identifying where funds have broken major SIS rules will likely be the next big focus with artificial intelligence in the SMSF sector, said the managing director of BGL.

Speaking at a recent event, BGL managing director Ron Lesh said that while his firm has been doing a lot of work around the use of artificial intelligence over the last four or five years, there is a number of areas with SMSF administration and compliance where it can be further extended.

“All of our transaction posting is AI-based rather than rules-based and has been for a while, and there’s a review function that will tell you whether transactions have been posted to the right place using AI,” said Mr Lesh, speaking at a panel discussion at the SMSF Association National Conference.

Mr Lesh said there has also been a lot of development with the use of AI for reading documents.

“Not just reading things based on a template but reading any document of any type and a training system to train for any document of any type, we think that’s the future,” he explained.

“We think that may be the solution in the short term for tax distribution statements, but it already is for bank statements. We’ve already got hundreds of thousands of bank statements now being processed that way.”

One of the big areas that both software and audit firms are now looking at, said Mr Lesh, is using AI to help review the compliance of the fund.

“One of the things that I’m very keen to see added to what we’re already doing is a fund review that uses AI to determine whether we think the fund has broken any of the major SIS rules. I think that’s pretty important, and some of the audit firms are already trying to do that,” he stated.

While Mr Lesh said building AI models isn’t an easy process, the expansion of open banking would help development in this area.

“The ability to get a lot more data out of open banking is going to give us the ability to mine that data and really use AI to help clients understand what’s coming through better,” he said.

Mr Lesh also predicts the SMSF sector may even see one click administration five to seven years down the track as artificial intelligence becomes increasingly advanced.

BGL launches CAS 360 in Singapore

By BGL Update, CAS 360No Comments

BGL launches CAS 360 in Singapore

BGL is proud to announce the highly anticipated commercial release of its company secretarial software solution in Singapore, CAS 360. 

“This is a huge milestone for BGL and I’m extremely proud of the CAS 360 team” said Ron Lesh, BGL’s Managing Director. “The team has been working tirelessly over the past 5 years to develop CAS 360 Singapore and we’re excited to be able to release a sensational product to the Singapore market”. 

BGL has had a presence in Singapore for over 20 years, with over 400 businesses using its market-leading Corporate Affairs System (CAS) desktop software. CAS 360 is the natural progression for our clients, and we’ve already had a great deal of interest with over 31,000 active companies added to the BETA since April 2021. 

“CAS 360 will help accounting firms and corporate service providers in Singapore efficiently manage their company compliance for Singapore entities with its innovative technology and superior automation” continued Lesh. “CAS 360 prepares all the forms, minutes / resolutions, registers and other documents required for the Annual Return and common changes made by Singapore companies. CAS 360 also supports the Singapore XBRL for the preparation and automated electronic lodgement of XBRL Financial Statements”. 

“BGL worked with Singapore’s Accounting and Corporate Regulatory Authority (ACRA) to help make the Singapore electronic filing system work for software providers,” added Lesh. “BGL is proud to be the first company secretarial software provider approved by ACRA to lodge Company Annual Returns electronically in Singapore.”

CAS 360 is the complete package and will provide the same incredible efficiencies for our Singapore clients as it does for 650,000+ companies in Australia and New Zealand. CAS 360, Hong Kong is due for release to BETA in Quarter 3, 2022. 

For more information, please visit www.bglcorp.com.sg 

Simple Fund 360 and Simple Invest 360 Product Update – April 2022

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

We are excited to announce another eggcellent Simple Fund 360 and Simple Invest 360 update! You can learn what’s new at our New Features Webinar on Tuesday, 24 May 2022 at 11:00 AEST.  Register Now >>> 

The full release notes can be found on the BGL Community >>>

What's New?

Data Feeds: A new broker data feed has been added to the BGL Share Data Pack for Wentworth Securities. Plus, the HUB24 data feed has been upgraded to significantly improve support for HUB24 foreign share markets trades.

Reporting: 8 new mail merge fields have been added to custom reports and letters including tax breakdowns, pension minimums, and middle names.  

Google Addresses Integration: Support for Google addresses has been added to Entity Details, Contacts and Trust Tax Return screens.

Corporate Actions: The following Corporate Actions have been added for various Mergers and Takeovers:

  • MEP – 09 March 2022
  • SYD – 09 March 2022
  • ABR – 10 March 2022
  • AVN – 14 March 2022
  • OTW – 16 March 2022
  • PAF – 28 March 2022
  • API – 01 April 2022

Exclusive to Simple Invest 360

Trust Reporting: Enhancements have been made to Trust reporting, with multiple client wishlist items added. Including: 

  • Improvements to Unit Valuation Reports for unit classes and increased decimal places. 
  • Statement of Financial Position reports rounding improved
  • Additional manual adjustments added to the Trust Taxable Income screen

Plus, many more features and improvements. Don’t forget to check out the full release notes on the BGL Community >>>

Previous month release notes can be found:

Regards

The BGL Team