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BGL Update

CAS 360 Subscription Fee Increase – 1 July 2024

By BGL Update, CAS 360No Comments

BGL will increase the base subscription fee for CAS 360 on 1 July 2024. 

It has been 2 years since BGL last increased CAS 360 software subscription fees. Since then, the CAS 360 Team has delivered hundreds of new features, enhancements and integrations including:

The time has therefore come to increase the CAS 360 software subscription fees.

From 1 July 2024, the subscription fee for CAS 360 will increase from $15 per company per annum plus GST to $17 per company per annum plus GST. 

Clients can “lock in current subscription pricing” by paying their CAS 360 software subscription fees in advance at the 2023 subscription rate before 1 July 2024. BGL will provide you with this opportunity in mid May 2024.

If you have questions regarding your BGL software subscription, please reply to this email or call your account manager at 1300 654 401.

BGL Integrates with HeirWealth for Streamlined Wealth Transfer

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

BGL is proud to announce its integration with Sydney-based wealthtech HeirWealth, to automate valuation processing for efficient intergenerational wealth transfers.

“We are excited to add HeirWealth to the BGL Ecosystem,” said BGL’s Chief Executive Officer, Daniel Tramontana. “This integration will help clients effortlessly provide accurate valuations for assets and liabilities held within their SMSFs, companies and trusts managed in BGL’s Simple Fund 360 and Simple Invest 360 software to HeirWealth’s platform.” 

HeirWealth aims to help Australian SMSFs have better intergenerational conversations about money. The HeirWealth platform provides family investors and their professional advisers with a view of assets and liabilities across 40 different classes, including traditional investments such as shares and property and non-traditional assets such as collectibles.

Ray Tubman, Founder and CEO of HeirWealth, said, “The forthcoming intergenerational wealth transfer is going to present a lot of challenges. Whether you want to start having those conversations now or wait till later, centralising information in one secure location like HeirWealth is a great idea.” 

“The HeirWealth platform provides simple yet powerful wealth tracking that allows individuals, families and professional advisers to organise everything together in one place,” continued Tubman. “That includes traditional investments like term deposits, shares and property, as well as alternative investments like private equity and ‘assets of passion’ like fine wine, antiques and collectibles. You can even upload photos from your phone and leave annotations to capture your family’s story and legacy, so everything is recorded in one central vault and preserved for future generations.”

Jeevan Tokhi, General Manager of Product – Simple Fund 360, Simple Invest 360 and BGL SmartDocs at BGL, said, “This integration is facilitated by BGL’s free and open API which provides asset balance data from Simple Fund 360 and Simple Invest 360 into HeirWealth, refreshing the data nightly. This allows firms to streamline their client’s financial world by consolidating all their financial and lifestyle assets, along with essential documents, into one easy-to-use application.” 

BGL’s API is used extensively across the industry with 350+ data feed and integration partners in the BGL Ecosystem, delivering a holistic experience to BGL clients.

About HeirWealth

HeirWealth is a wealthtech company that aims to harmonise intergenerational wealth transfers by providing investors, family offices and trusted advisers with a holistic view of family wealth, enabling them to get better organised and minimise administrative inefficiencies.

With a commitment to innovation and supporting intergenerational wealth transfers, HeirWealth stands as a catalyst for positive change in the industry, ensuring that the valuable nature of time is revered in all aspects of our clients’ financial journeys.

HeirWealth is an Australian and UK regulator approved platform that currently integrates with 20,000 financial institutions globally, benefiting from open banking participation, growing direct integrations and world class security credentials including ISO 27001 certification. For more information, please visit heirwealth.com or email [email protected]

Simple Fund 360 and Simple Invest 360 Product Update – 4 April 2024

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

What's New?

Smart Reports – Trial Balance and General Ledger
The Smart Reports generative AI technology can now analyse Trial Balance and General Ledger data, providing detailed insights, predictive analysis, and issue detection. Users can apply filters in the new Trial Balance live view, and export reports to PDF, Excel, or Word. Learn More

BGL SmartDocs – Fast Data Entry
Our fast data entry feature now supports CBA statements spanning 2 financial years and has improved accuracy in processing AMEX credit card statements. Learn More

BGL SmartDocs – Rental Statements
The AI model has been upgraded to categorise reimbursements of property expenses as rental income rather than expenses. Learn More

Data Feeds – SuperStream Notifications
The new Firm Notification feature enables users to designate contact(s) to receive email notifications for Rollover/Release Authorities across all funds. This feature is exclusively available in Simple Fund 360. Learn More

Corporate Actions
The following ASX Corporate Actions have been updated:

  • DRP Price per share data added for Woodside Energy Group Limited (WDS).
  • Demerger data updated for New World Resources Limited (NWC).

Feed Management – Contract Notes Service
A new setting has been added to the Contract Notes Service data feed to provide email notifications of unsuccessful Contract Notes. Learn More

Reports – Common Report Settings
Common Report Settings have been enhanced to allow users to turn off specific options. Previously, all fields within the setting were automatically turned On and could not be disabled. 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 – 29 February 2024

By BGL Update, CAS 360No Comments

What's New?

Government ID Hover
The BGLiD Government ID hover has been redesigned to include the full name and date of birth used for the verification and the verified ID documents. Learn More

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

Consent to Act Letter
Director ID information has been added to the Consent to Act document template for an incoming director. Learn More

How to apply for the Director ID
The ASIC ‘How to apply for the Director ID’ document has been updated in the following document production screens:

Cover Letters Settings
The cover letter on all document packs can now be addressed to multiple contacts.

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

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