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BGL recognised as Best RegTech Solution

By BGL Update, TechnologyNo Comments

BGL is proud to announce it has been recognised as Best RegTech Solution in the FinTech Breakthrough Awards 2022.

“This is a sensational achievement by the BGL team. I could not be prouder of each and every one of them.” said Ron Lesh, BGL’s Managing Director. “In just over 3 months, BGL has received industry recognition from FinTech Breakthrough Awards 2022 for Best RegTech Solution, Australian Enterprise Awards 2022 for Best Accounting Software Manufacturer, Lawyer International (Legal 100) 2022 for Compliance Software Innovator of the Year – Australia and from the Global Excellence Awards 2022 for Best Fund Administration Software Provider – Australia, among many others”.

“The team has worked tirelessly to ensure our clients have the best solutions to meet their needs and these awards are a tribute to their hard work,” added Lesh. “For over 30 years BGL has been the leading provider of SMSF administration, portfolio administration and ASIC corporate compliance solutions in Australia and we would not be here without our amazing team of 180+ sensational committed professionals”. 

Coincidentally, the recognition as Best RegTech Solution comes just after BGL concluded the industry’s first major face-to-face event in almost two years, BGL REGTECH 2022. The events in Sydney (01/03), Adelaide (09/03) and Melbourne (16/03) were a huge success with over 300 clients and 21 exhibitors in attendance across the three locations, with events in Brisbane, Tasmania and maybe even Perth in the near future. 

March 21, 2022
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BGL adds Company Constitutions to CAS 360!

By BGL Update, CAS 360No Comments

BGL is proud to announce the release of Company Constitutions in its cloud-based ASIC corporate compliance and trust management software solution, CAS 360.

“Another great achievement by the BGL team” said Ron Lesh, BGL’s Managing Director. “This was a highly requested feature and it’s fantastic to have some of the industry’s leading document providers partner with us on this integration.”

Changes to CAS 360 in September 2021 made it easier than ever for clients to lodge company incorporations with ASIC from CAS 360. Now, through BGL’s partnership with leading document providers Entity Makers, LightYear Docs and Smarter SMSF, clients can purchase a company constitution directly from CAS 360.

A company constitution is a legal document that defines how a company can operate. It also sets out the rights and duties of people in the company such as members, directors, and the company secretary.

“By integrating with several document providers, our clients can choose who they purchase their constitutions from. That’s what makes CAS 360 unique” added Lesh. “The BGL Ecosystem has 350+ partners and we will continue to grow our partnerships in this area.”

Learn more >>>

Learn More
March 15, 2022
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BGL hosts major face-to-face event BGL REGTECH 2022

By BGL Update, TechnologyNo Comments

BGL hosts major face-to-face event BGL REGTECH 2022

BGL is hosting the industry’s first major face-to-face event in almost two years, BGL REGTECH 2022. 

“It’s been fantastic bringing our community back together after so long apart” said Ron Lesh, BGL’s Managing Director. “We felt it was really important to run BGL REGTECH 2022 in person and our clients and partners have relished the opportunity to reconnect face-to-face”. 

“Our events in Sydney (01/03) and Adelaide (09/03) have been a huge success with over 200 clients and 18 exhibitors in attendance across the two locations” added Lesh. “We expect our Melbourne event to be the biggest yet, with over 300 delegates already registered. Add to this our live-stream attendees in Queensland, Western Australia, New Zealand and Singapore, we will have over 600 people attending”. 

The BGL REGTECH 2022 line-up boasts industry experts David Boyar FCA – CEO of ChangeGPS, Aly Garrett FCA – Founder and Principal of All In Advisory and Rebecca Mihalic – Director of businessDEPOT as well as its own gurus to add their expertise to the program exploring the evolution of the accounting industry. One session also gives clients a preview of some of the new features coming to CAS 360, Simple Fund 360 and Simple Invest 360 in the near future.

BGL REGTECH 2022 will be held at the Melbourne Convention and Exhibition Centre on Wednesday 16 March. Tickets are available at www.bglregtech.com. 

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March 10, 2022
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BGL collaborates with Cointree to provide cryptocurrency price feed NBOC

By Australian FinTech, In the Media, IndustryNo Comments

Published by Australian Fintech on 07 March 2022
Click here to read on the Australian Fintech website

BGL collaborates with Cointree to provide cryptocurrency price feed NBOC

BGL Corporate Solutions, Australia’s leading provider of SMSF administration, portfolio administration and ASIC corporate compliance solutions, in collaboration with Cointree, a leading cryptocurrency exchange, announce the release of NBOC; an Australian based solution providing a daily price feed for hundreds of cryptocurrencies.

“This is an industry first solution, and we are extremely proud to have developed NBOC together with our long-term friends and partners at Cointree,” said Ron Lesh, BGL’s Managing Director. “Unlike stocks on the ASX that cease trading every afternoon and have a single price, cryptocurrencies are traded 24/7 across multiple exchanges and in multiple countries. This makes accurate valuation challenging. So, BGL and Cointree developed NBOC to solve this problem for our clients with the goal of making cryptocurrency valuations reliable and more accessible for everyone.”

“We have witnessed a significant increase in SMSFs and trusts investing in cryptocurrency over the last five years,” said Shane Stevenson, Cointree’s CEO. “There is an increasing need to value cryptocurrency trades accurately and with confidence. The BGL team has been fantastic to work with and we are all very excited to deliver an industry-first solution to SMSFs.”

Cryptocurrencies are a growing asset class in BGL’s Simple Fund 360 and Simple Invest 360 which now administers $100’s of millions in cryptocurrencies. NBOC’s exclusive daily automated data feed will provide Simple Fund 360 and Simple Invest 360 clients with up-to-date prices for cryptocurrency for SMSFs, companies, trusts and individuals. The cryptocurrency valuation is used for calculating values for financial reports and member balances at 30 June.

NBOC aggregates the public pricing data from five of Australia’s largest and longest-running crypto exchanges; Cointree, BTC Markets, CoinSpot, CoinJar and Independent Reserve. Combining this data provides a ‘fair and reasonable’ valuation. As each exchange may have differing prices, NBOC will generate valuation taking into account these differing prices.

“The BGL Ecosystem has 350+ partners and we are thrilled to add Cointree NBOC to the list,” added Lesh.

March 7, 2022
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BGL collaborates with Cointree to provide cryptocurrency price feed NBOC

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

BGL in collaboration with Cointree, a leading cryptocurrency exchange, is proud to announce the release of NBOC; an Australian based solution providing a daily price feed for hundreds of cryptocurrencies.

“This is an industry first solution, and we are extremely proud to have developed NBOC together with our long-term friends and partners at Cointree” said Ron Lesh, BGL’s Managing Director. “Unlike stocks on the ASX that cease trading every afternoon and have a single price, cryptocurrencies are traded 24/7 across multiple exchanges and in multiple countries. This makes accurate valuation challenging. So, BGL and Cointree developed NBOC to solve this problem for our clients with the goal of making cryptocurrency valuations reliable and more accessible for everyone.”

“We have witnessed a significant increase in SMSFs and trusts investing in cryptocurrency over the last five years,” said Shane Stevenson, Cointree’s CEO. “There is an increasing need to value cryptocurrency trades accurately and with confidence. The BGL team has been fantastic to work with and we are all very excited to deliver an industry-first solution to SMSFs.”

Cryptocurrencies are a growing asset class in BGL’s Simple Fund 360 and Simple Invest 360 which now administers $100’s of millions in cryptocurrencies. NBOC’s exclusive daily automated data feed will provide Simple Fund 360 and Simple Invest 360 clients with up-to-date prices for cryptocurrency for SMSFs, companies, trusts and individuals. The cryptocurrency valuation is used for calculating values for financial reports and member balances at 30 June.

NBOC aggregates the public pricing data from five of Australia’s largest and longest-running crypto exchanges; Cointree, BTC Markets, CoinSpot, CoinJar and Independent Reserve. Combining this data provides a ‘fair and reasonable’ valuation. As each exchange may have differing prices, NBOC will generate valuation taking into account these differing prices. 

“The BGL Ecosystem has 350+ partners and we are thrilled to add Cointree NBOC to the list” added Lesh.

For more information, visit: https://www.nboc.com.au/ 

Learn More
March 7, 2022
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Simple Fund 360 and Simple Invest 360 Product Update – March 2022

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

We are excited to announce another major update for Simple Fund 360 and Simple Invest 360! You can learn what’s new at our New Features Webinar on Thursday 14 April 2022 at 11:00 AEST. Register Now >>>  

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

What's New?

BGL in collaboration with Cointree, a leading cryptocurrency exchange, is proud to announce the release of NBOC; an Australian based solution providing a daily price feed for hundreds of cryptocurrencies.

Cryptocurrencies are a growing asset class in BGL’s Simple Fund 360 and Simple Invest 360 which now administers $100’s of millions in cryptocurrencies. NBOC’s exclusive daily automated data feed will provide Simple Fund 360 and Simple Invest 360 clients with up-to-date prices for cryptocurrency for SMSFs, companies, trusts and individuals. The cryptocurrency valuation is used for calculating values for financial reports and member balances at 30 June. Click here to learn more >>>

Exclusive to Simple Fund 360

SuperStream Improvements: A new SuperStream Rollover / Release Authorities report has been added to Simple Fund 360 for audit / workpaper purposes. We continue to work to improve the SuperStream process for clients.

Smarter SMSF Integration: Two new documents have been added to Simple Fund 360 via our integration with Smarter SMSF. Click here to learn more about our seamless two-way integration >>>

Rollover In (PAYG – $55)

Generates documents to support a super benefit rollover or a super death benefit rollover for a member into the SMSF in accordance with the SuperStream requirements. The following documents will be generated as part of the order:

  • Trustee minute confirming receipt of the rollover and allocating to member’s account within prescribed time frame
  • Member notification of rollover received

Rollover Out (PAYG – $77)

Generates documents to support the payment of a super benefit rollover or a super death benefit rollover for a member from the SMSF in accordance with the SuperStream requirements. The documentation provides for:

  • full and partial rollovers,
  • transfers to APRA funds and other SMSFs.
  • Payments made by cash and in-specie.

The following documents will be generated as part of the order:

  • Member request to rollover benefits
  • For full rollover, a pre-populated ‘ATO Request for rollover of whole balance of super benefits between funds’
  • Trustee minute confirming requirements to pay the rollover and meet the SuperStream requirements within prescribed time frame.
  • Member notification confirming payment of the rollover.

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

Previous release notes can be found below:

Regards, The BGL Team

March 4, 2022
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Important update on BGL REGTECH 2022 – Brisbane

By BGL UpdateNo Comments

Due to the ongoing weather emergency in Queensland and the inability to access the Convention Centre, we need to cancel BGL REGTECH 2022 - Brisbane.

All registered attendees, sponsors and partners have been emailed with further information.

Our team is here to help answer any questions you may have, so please do not hesitate to email us at [email protected] for more information.

We appreciate your understanding during this time and thank you for your continued support.

Stay safe.

Regards, The BGL Team

February 28, 2022
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