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BGL releases the first SMSF Artificial Intelligence in Simple Fund 360

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BGL is proud to announce the release of Stage 1 of its Artificial Intelligence (AI) Assistant for Simple Fund 360. This is a first in the SMSF admin software industry.

“This is a huge achievement by our Simple Fund 360 Team” says “BGL Managing Director, Ron Lesh. “BGL has been working on AI for over 12 months. We needed to teach the AI Engine about SMSF transactions through a process known as Deep Learning. This results in Simple Fund 360 providing a level of confidence on where transactions have been allocated in the ledger based on the 250 million plus transactions in the Simple Fund 360 database. It is truly amazing technology”.

“BGL’s AI Assistant can predict compliance breaches and spot incorrectly coded transactions that may have been input by a human or categorised in error by a rule” added Lesh. “The AI Assistant utilises purpose built Machine Learning classification algorithms to review bank transactions and attempts to locate any possible user or rule based coding errors and recommend coding corrections. This tool can be used, for example, during the pre-audit phase to locate outliers, improve processing consistency and reduce the time it currently takes to prepare a fund for Audit”.

BGL has already won 4 awards in 2018 including innovation awards for both Simple Fund 360 and CAS 360. “We have had an incredible start to 2018” noted Lesh. “The investment we have made in industry leading technology and innovation is giving our clients a huge advantage in the highly competitive SMSF admin industry”.

 

BGL turns product success into 3 awards in one week!

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We’re proud to announce that BGL Corporate Solutions has received, in just a single week, three different awards for customer service, industry leading software and innovation!

After a year marked by technology innovation, software enhancements, a host of third party integrations and the release of CAS 360, BGL again shows why it is the market leader in compliance software for SMSFs and ASIC compliance. In just one week, we received three important industry awards for Software Innovator of the Year, Best Fund Administration Software Provider and an Australian Achiever Award for Customer Service.

“It’s a great achievement by the BGL Team to have both Simple Fund 360 and CAS 360 recognised as both the best and most innovative software solutions in their categories”, says Ron Lesh, BGL Managing Director. “Our 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”.

“BGL was first acknowledged with an Australian Achiever Award for Excellence in Customer Service. Twelve years in a row receiving this award must almost be a record” said Lesh. “This was followed by the Australian Enterprise Award for Best Fund Administration Software Provider 2018 and then the 2018 Software Innovator of the Year award at The Fintech Business Awards”.

“It’s been a journey for the BGL Team”, added Lesh. “I keep talking about our products as children going through the normal growing pains as children do and now past infancy and moving to adolescents. Like most children, they will grow into adults and gain maturity as time goes on. And all we can do is thank to everyone involved! Thanks for being part of our journey”.

Here are some of the extremely pleasing comments of our clients that accompanied the Australian Achiever Award:

“BGL Corporate Solutions are a proactive group who come across as innovative and thought leaders in the industry. They do fantastic work for our company and are very easy to deal with. We have been using them for fifteen years, which says a lot”.

“Their customer service is incredible. The person I usually deal with is always lovely and so willing to help. Their product has absolutely saved my life, from a business and time management perspective. I cannot thank them enough for that. I am extremely happy with them”.

CAS 360

CAS 360 turns 1!

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Today marks one year since the release of CAS 360 and WOW what a year it has been!

The last 12 months have been incredibly busy for the entire BGL Team, we have:

  • Released 28 new updates packed full of features to make completing company compliance requirements easier than ever before!
  • On-boarded almost 900 accounting firms
  • Added almost 200,000 companies to the platform (97,230 were migrated from CAS Desktop)
  • Added 1,476,137 documents to the platform
  • Added integrations with DocuSign, Xero Practice Manager and Simple Fund 360
  • Released our open API allowing for integrations with Topdocs, Cleardocs, Smarter SMSF, ACIS and many more!

We started working on CAS 360 back in 2014. We knew from our experience with Simple Fund 360 that building a new product from initial design all the way through to public release is an incredibly labour intensive process.

We also knew that building an exact replica of CAS Desktop simply wouldn’t cut it. We set our goal on making a product that was 10 times better.

We were up for the challenge because we believed that we could make a beautiful product that transformed company secretarial work.

Below is a comparison from our wireframe (left) companies screen to the finished product (right):

CAS 360

Our next 12 months are set to be even more exciting, we have a roadmap full of amazing features that will allow your firm to grow the services you provide to your clients and to complete existing work quicker than ever before. All while still having fun. We are just getting started.

I and the entire BGL team are incredibly grateful for the contributions of a number of CAS 360 users. These are the users that keep us up thinking about features all night, make our meetings go longer than they should and make us all giddy with excitement on release night.

We do this for you, and we hope we are making your jobs easier.