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BGL Update

Our vision and commitment to you

By BGL UpdateNo Comments

This weekend marked my 27 years of service to BGL – and what a journey it has been!

As we move into 2024 and beyond, I am truly honoured to be able to share with you our vision and commitment to you.

Before doing this, I want to express my gratitude for your support and belief in us as an organisation. Your trust and commitment to stand with us over the past three decades is something I do not take for granted. I am very humbled and I honour you for this. You have been foundational and at the same time, inspirational in helping us build the BGL of today.

I am particularly excited to present our WHY for 2024 and beyond.

Here goes…

“We imagine a BGL that empowers our people and community through innovation, connections and shared achievements.”

The full details of our HOW can be found here.

At BGL, we feel strongly about ensuring we have the proper inward and outward focus. Our commitment to our people, giving them space to dream and be the best versions of themselves, is paramount to our success.

Our passion and enthusiasm to deliver you the best service, products and engagement have never been greater. The many great ideas, product enhancements and initiatives we have planned for you will create moments and experiences that will leave you astounded.

This is what excites us!

I look forward to continuing the incredible journey ahead and to being of service to you and your team for many years to come!

Regards,

Daniel Tramontana
Chief Executive Officer
BGL Corporate Solutions
Connect with me on LinkedIn

Simple Fund 360 and Simple Invest 360 Product Update – 1 February 2024

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

What's New?

Documents and Workflow
Leverage BGL’s new generative AI technology and integrated Workflow module to automate job creation directly from the Documents screen! This feature works for any document with the AI suggesting the appropriate tasks. Learn More

BGL SmartDocs Email
When an email is received by BGL SmartDocs, its AI technology will evaluate if the email content can be used as accounting documentation, triggering accounting tasks, administration or other workplace-specific activities. If the content meets the criteria, the email is automatically converted to PDF and stored in the Document screen of the specific fund or entity. These PDF emails can also be attached in the Workpapers screen. Learn More

Audit Management screen
Track SMSF audits from start to finish with the new Audit Management screen. Update the audit status and store all documents manually or automatically allowing users to integrate with audit partners and other platforms. Once an audit is complete, easily update the annual return from the same screen. Learn More
This feature is exclusively available in Simple Fund 360. 

Workpapers
Save time reconciling 85000 Tax Payable accounts with the new income tax reconciliation table. This feature will automatically populate the current year’s tax payable/refundable and instalment amounts, requiring only manual entry for adjustments to calculate the closing balance. Learn More
This feature is exclusively available in Simple Fund 360.

Workpapers
External document URLs (e.g., Sharepoint, OneDrive, FYI Docs, Dropbox, or Google Drive links) can now be attached in the Working Paper Detail section and Supporting Documents. Users can now also adjust the document order for Working Paper Details and Supporting Documents. Learn More

Workpapers
To view the list of transactions for each account for a Workpaper, the current year transactions can now be viewed within the Workpapers screen. Clicking on a transaction will open the entry in the Transaction screen. Learn More

Pension Commutation Wizard
Transactions posted using the Pension Commutation Wizard now clearly indicate whether they are partial or full commutations. This feature is exclusively available in Simple Fund 360. Learn More

Corporate Actions
10 mergers have been added to Corporate Actions. A warning message will now also be displayed if there is a future disposal or CGT event. Learn More

Reports
The Operating Statement now has the option to combine property expenses. Learn More

Plus, many more new features and improvements.

Stay tuned for future releases!

Jeevan Tokhi
Head of Product – Simple Fund 360, Simple Invest 360 and BGL SmartDocs 360
E: [email protected] | P: 1300 654 401
Connect with me on LinkedIn

CAS 360 Product Update – 1 February 2024

By BGL Update, BGLiD, CAS 360No Comments

What's New?

BGLiD
The verified ID name and date of birth have been added to the ID Verification Report. Learn More

Hint: BGLiD is a simple client identity verification solution seamlessly integrated with CAS 360. Click here to learn more!

User Roles
The user role “Import data from Governing Body” is now available in user permissions. This enables administrators to limit the import of RA72 company data from ASIC. Learn More

Company Subclass
When a Company Type is Public and Company Class is Limited by Shares, the dropdown of Company Subclass in the General Details tab will now provide the following options:

  • Listed
  • Unlisted
  • Unlisted Superannuation Trustee Company
  • Unlisted Non-Profit Company 
  • Section 150 license
  • Section 383 License (note: this option should only appear if the Incorporation Date is on or before 30/06/1998)
  • Section 383 License Superannuation Trustee Company (note: this option should only appear if the Incorporation Date is on or before 30/06/1998)

The dropdown of Company Subclass in the Comparison Report screen has also been updated to display the same set of options as mentioned above. Learn More

Plus, many more new features and improvements.

Stay tuned for future releases!

Warren Renden
General Manager – CAS 360, Ecosystem and Brand
E: [email protected] | P: 1300 654 401
Connect with me on LinkedIn

BGL Office Hours: Australia Day

By BGL UpdateNo Comments

The BGL Melbourne Office (HQ) will be closed on Friday, 26 January 2024 for the Australia Day Public Holiday. No live software support services will be available on this day.

For BGL cloud software clients, you can find help in the Resources Hub. For BGL Desktop software clients, the BGL Client Centre and BGL Wiki will be available for you as usual.

Please get in touch with us at 1300 654 401 or reply to this email if you require any further information.

CAS 360 Product Update – 18 January 2024

By BGL Update, BGLiD, CAS 360No Comments

What's New?

BGLiD Request Multiple ID Sources
BGLiD now provides the ability to have two different forms of ID for verification. This option adds a third ID method (Medicare card) in addition to driver’s licence and passport. Please note the Medicare card is only available when two verification sources are required. Learn More

BGLiD Automatic Re-Try
In the event of a failed ID verification attempt by a client, BGLiD will automatically email the contact notifying them of the unsuccessful verification and request they retry (at no additional cost). Learn More

BGLiD Email Reminders
Automated email reminders can be sent up to 7 days after initiating an ID request. This feature is optional and can be selected when sending a BGLiD request. Learn More

BGLiD Email Confirmations
After successful ID verification, automated email confirmations can be sent to the contact and the requester. This feature is optional and can be selected when sending a BGLiD request. Learn More

BGLiD Preferred ID Source
A new dropdown list has been added to the Verify Identity screen providing the ability to select the preferred ID source if multiple ID types are linked to a contact. Learn More

Annual Return Validations
When a company is missing an ACN in CAS 360, the annual reports document production screen will now display a validation error message and prevent all download and send actions. Learn More

Member Register
The Register of Members has been added to Document Production for all shareholder transaction changes for other jurisdictions. Learn More

Report Improvements
The Company Listing, Compliance Status Listing and Director ID reports now display all partners and managers in the report when the company has multiple partners/managers. Learn More

Plus, many more new features and improvements.

Stay tuned for future releases!

Warren Renden
Head of CAS 360
E: [email protected] | P: 1300 654 401
Connect with me on LinkedIn

A message from our CEO

By BGL UpdateNo Comments

Welcome to 2024!

I trust you all had a great Christmas and New Year celebrating with family, friends, and loved ones.

It has been one year since I was appointed CEO at BGL, and if there is one word to sum up 2023 for me, it is gratitude.

I am extremely grateful for your support of our team and products. The sense of belief and trust you have in us is something I do not take for granted. You have helped position us for what I know will be the most exciting times ahead.

After serving BGL and our amazing clients for almost 27 years, my commitment to deliver you moments that astound both in our services and our products is a mandate we all agree on across the team.

As we continue our journey together, I encourage you to invest in and adopt our market-leading technology across all areas of your business. A big focus for this year will be to create greater awareness of the many wonderful features of our products. Features that we encourage you to learn and use, creating the most incredible user and client experiences.

As we step into 2024, I encourage you to look after yourself, continue to invest in your people and commit to creating moments that positively impact all those around you.

I look forward to crossing paths with as many of you as possible in 2024.

Regards,

Daniel Tramontana
Chief Executive Officer
BGL Corporate Solutions
Connect with me on LinkedIn